How to get GTBank virtual card

How to get GTBank virtual card

How to get GTBank virtual card – If you have been completing payments for goods and services online, you’ll understand how good a virtual card can be at this time.

A virtual card is a randomly generated card you can use for purchases and payments online, this is just like the regular physical plastic credit and debit card issued by the banks.

However, you cannot hold or touch these cards, they cannot be used elsewhere except digitally online.

About the GTBank virtual card

GTBank’s Virtual Card is a digital card that can be used for online payments and transactions.

It is a secure and convenient way to make purchases online without using your physical debit or credit card.

To get a GTBank Virtual Card, you need to have a GTBank account and sign up for GTBank’s internet banking service.

Once you have access to internet banking, you can generate a Virtual Card by following the steps provided on the GTBank website or mobile app.

The GTBank Virtual Card is valid for one-time use or a limited number of transactions, depending on the card’s settings.

It has a set spending limit, which can be adjusted to suit your needs. The card details, including the card number, expiry date, and CVV, are displayed on the internet banking platform or mobile app.

One of the benefits of the GTBank Virtual Card is that it provides an extra layer of security for online transactions.

Since it is a one-time-use card, it reduces the risk of fraud and unauthorized transactions. Additionally, the card details are not stored on any merchant’s database, making it less vulnerable to cyber-attacks.

Overall, the GTBank Virtual Card is a great option for people who want a secure and convenient way to make online payments.

Benefits

GTBank Virtual Card offers a range of benefits, including:

Convenience: The virtual card can be created instantly from your GTBank mobile banking app or internet banking platform, eliminating the need to visit a bank branch.

Security: The virtual card is not a physical card, and it can only be used for online transactions. This means that your physical card information is not exposed to potential fraudsters.

Control: The virtual card allows you to set transaction limits, ensuring that you remain in control of your spending.

Accessibility: The virtual card can be used to make online purchases on any website that accepts Visa or MasterCard payments.

Low fees: The virtual card has lower transaction fees compared to a physical card, making it a cost-effective option for online shopping.

The GTBank Virtual Card is a secure, convenient, and cost-effective way to make online transactions, providing users with greater control and accessibility.

How the GTBank virtual card works

GTBank virtual card is a digital payment card that allows you to make online transactions without the need for a physical card.

The card details are generated online and can be used immediately for online payments.

Here is how GTBank virtual card works:

You must have a GTBank account and be registered for internet banking to use the virtual card service.

Once you have logged into your internet banking account, you can create a virtual card by selecting the “Cards” menu and clicking on “Virtual Card”.

You will be prompted to enter the amount you want to fund the card with and select the account you want to debit.

You will then be asked to confirm the transaction by entering your internet banking login details.

Once the transaction is complete, the virtual card details, including the card number, CVV, and expiry date, will be displayed on your screen.

You can use the virtual card to make online payments on websites that accept Mastercard or Visa debit cards.

When making a payment, you will be prompted to enter the card details, including the card number, expiry date, and CVV.

Once the payment is approved, the amount will be debited from your GTBank account.

Virtual cards are valid for a limited time, usually between 24 hours to 30 days, and can only be used for online transactions.

In summary, GTBank’s virtual card offers a secure and convenient way to make online payments without the need for a physical card. It is easy to create and use, and you can control the number of funds you want to allocate to the card.

How to get a GTBank virtual card

The GTBank virtual card is issued through the internet banking platform, here’s how to get started with your application

Log in to the GTBank internet banking platform
Select cards as seen on the home page
Click on the virtual card request menu, and complete the displayed form with the requisite details
Click the new request button to request a new virtual card
Click on the account to link your virtual card where you have more than one account
Generate a 6-digit OTP from your hardware token device, enter the token in the generated page, and submit
If it’s successful, internet banking will display the success of your application.

Is a virtual card the same as an ATM card?

No, a virtual card is not the same as an ATM card.

An ATM (Automated Teller Machine) card is a physical card that is linked to your bank account and can be used to withdraw cash from an ATM or make purchases in stores that accept debit cards.

It can also be used for online transactions if it has a Visa or MasterCard logo.

On the other hand, a virtual card is a digital payment card that is created online and used only for online transactions.

It does not have a physical presence, and its details are generated online, including the card number, CVV, and expiry date.

Virtual cards are designed for one-time use or a limited period, and they cannot be used for in-store purchases or cash withdrawals.

In summary, while both the ATM card and virtual card are used for making payments, they are not the same, as the virtual card is designed for online transactions only, while the ATM card can be used for both online and in-store transactions, as well as cash withdrawals from ATMs.

How to get a virtual card in Nigeria

Virtual cards in Nigeria are usually issued by deposit money banks/commercial banks as well as some fintech companies.

To get a virtual card, you will need to be an existing customer with the such bank, where it’s a fintech outfit you will need to download the app, sign up, and apply for a virtual card where you are eligible.

How to fund GTBank virtual card

To fund your GTBank virtual card, you can follow these steps:

Log in to your GTBank internet banking account or mobile banking app.
Click on the “Cards” tab or menu.
Select “Virtual Card.”
Click on “Fund Card” or “Load Card” (depending on your banking platform).
Enter the amount you want to fund your virtual card with.
Choose the account you want to use for the funding.
Confirm the transaction details.
Enter your internet banking or mobile banking transaction password or token code.
Click “Submit” to complete the transaction.

Once the transaction is successful, the funds will be transferred to your GTBank virtual card. You can then use the virtual card to make online payments on websites that accept MasterCard or Visa cards.

Which Nigerian bank has a virtual card?

Many Nigerian banks offer virtual cards as part of their online banking services. Some of the banks that offer virtual cards in Nigeria include:

Guaranty Trust Bank (GTBank) – GTBank Virtual Card
Access Bank – Access Bank Virtual Card
First Bank of Nigeria – First Bank Virtual Card
United Bank for Africa (UBA) – UBA Virtual Prepaid Card
Zenith Bank – Zenith Bank Virtual Card
Sterling Bank – Sterling Bank Virtual Card

It’s important to note that virtual cards are not physical cards and can only be used for online transactions.

They are typically linked to your bank account, and you can fund them using your bank account balance or transfer them from another account.

What is the difference between a virtual card and a debit card

A virtual card and a debit card are both payment methods, but there are several differences between the two:

Physical vs. Virtual: A debit card is a physical card that you can hold in your hand and use to make purchases in-store or online.

A virtual card, on the other hand, is a digital card that exists only in electronic form and is designed for online use.

Issuing: A debit card is typically issued by a bank or credit union to their customers.

A virtual card can be issued by a financial institution or a third-party provider.

Security: A virtual card is generally considered to be more secure than a debit card. This is because a virtual card can be generated for a single transaction, and once the transaction is complete, the virtual card is no longer valid. This reduces the risk of fraud or theft.

In contrast, a debit card can be lost or stolen, and the thief can use it to make unauthorized transactions until the card is canceled or the funds are depleted.

Usage: A debit card can be used to make purchases in-store or online, withdraw cash from an ATM, or transfer funds between accounts.

A virtual card is designed primarily for online purchases and may not be accepted in physical stores.

Fees: Both virtual and debit cards may come with fees, such as monthly maintenance fees, transaction fees, or ATM fees.

However, virtual cards may be subject to additional fees, such as fees for generating a new card or fees for using the card outside of its designated region.

Overall, the choice between a virtual card and a debit card depends on your individual needs and preferences. If you frequently make online purchases, a virtual card may be a more secure option. However, if you prefer to use cash or make purchases in-store, a debit card may be a better choice.

Conclusion

A virtual card from GTBank (Guaranty Trust Bank) is a digital card that can be created online and used for online transactions.

It is linked to a customer’s existing account and can be used for secure online shopping without the need to share actual card details.

When using a GTBank virtual card, customers should ensure that they

understand the terms and conditions, fees, and security measures associated

with the card.

It is important to protect the card information and use it only on reputable and secure websites to avoid unauthorized transactions or fraud.

If you have any specific questions or concerns about using a GTBank

virtual card, you may want to contact the bank’s customer service for

assistance.