Providus Bank is one of the fastest-growing banks in Nigeria. The bank focuses on helping its customers by offering many banking services including savings and current accounts, loans, investments, and online banking. Providus Bank wants to make banking easy for both individuals and businesses by providing modern financial solutions that meet the different needs of its customers.
Globally, a Dollar ATM Card is very useful for many people. This card lets users make payments and withdrawals in foreign currencies without the usual limits of local currency cards. It’s useful for frequent travelers, online shoppers, and businesses that deal with other countries. The Dollar ATM Card provides convenience and better exchange rates which is why many Nigerians have been wondering if Providus Bank has a Dollar ATM card and how can it be acquired.
Does Providus Bank Have a Dollar Card?
Right now, Providus Bank does not offer a specific Dollar ATM Card for its customers. Instead, the bank provides Naira cards that allow dollar payments as an alternative. These Naira cards can be used for transactions on many international platforms, enabling users to make dollar purchases without needing a separate currency card.
Providus Bank offers Naira cards as a smart alternative for making dollar payments in response to the increasing demand for easier international transactions. By allowing Naira cards to be used for dollar payments, customers can now easily buy goods and services from foreign merchants. This is especially helpful for those who may not need a traditional dollar card.
Types of Providus Bank Naira Cards That Can Make Dollar Payments
Providus Bank has two main types of Naira cards for dollar transactions, the Classic Naira Mastercard and the Platinum Naira Mastercard. Each card comes with different features and benefits to improve the user experience for international transactions.
Classic Naira Mastercard
The Classic Naira Mastercard is meant for casual online shoppers who spend moderately on international purchases. It has important features, including a monthly transaction limit of $1,200 for dollar payments. This limit is good for people who shop online occasionally or need foreign currency for specific purchases.
To get the Classic Naira Mastercard, customers need to make a minimum deposit of ₦100,000. There is also a ₦1,000 fee to issue the card, making it a budget-friendly option for those who don’t need to spend a lot internationally. It has a simple application process and gives you quick access to funds making the Classic Naira Mastercard an attractive choice for users who want flexibility in their online shopping.
Platinum Naira Mastercard
On the other hand, the Platinum Naira Mastercard is for individuals with greater international spending needs. This card has a higher monthly transaction limit of $3,000 for dollar payments which makes it perfect for frequent international shoppers or those who often make larger purchases.
The Platinum Naira Mastercard has higher deposit requirements, needing a minimum deposit of ₦250,000, which will be held for three months. The issuance fee for this card is ₦5,000. Even with these higher costs, the Platinum Naira Mastercard offers benefits like increased transaction limits and the ability to manage frequent international payments. This makes it a good choice for users who need more purchasing power.
How to Get a Providus Bank Naira Card
Acquiring a Providus Bank Naira card is a straightforward process. Here is a detailed guide to help you obtain either the Classic or Platinum Naira Mastercard.
Open a Providus Bank Account
The first step in obtaining a Naira card is to open an account with Providus Bank. Each card type has its specific minimum opening balance requirement.
- Classic Naira Mastercard: Requires a minimum opening balance of ₦100,000.
- Platinum Naira Mastercard: Requires a minimum opening balance of ₦250,000, which will be held for three months.
You can open a Providus Bank account either online through their website or by visiting a local branch. If you open your account online, just follow the instructions on the bank’s site. If you visit a branch, you can get help from bank staff and fill out the necessary forms in person.
Choose the Naira Card Type (Classic or Platinum)
After opening your account, the next step is to choose the right Naira card based on your spending needs. Think about how much you plan to spend internationally before deciding. The Classic Naira Mastercard is good for casual shoppers with moderate spending, while the Platinum Naira Mastercard is better for those who often make higher-value international purchases.
Complete the Application Process
After choosing your preferred Naira card, you will need to complete the application process. This step requires specific documentation, which includes:
- A valid form of identification (e.g., national ID, passport).
- Proof of address (e.g., utility bill or bank statement).
Receive Your Naira Card
Once you submit your application, you can expect a quick response about your card. The time it takes to process and deliver the card may vary, but Providus Bank usually aims to issue cards within a few business days.
If you want immediate access to your Naira card, you can go to a Providus Bank branch, where you might be able to get your card right away. This option lets you start using your Naira card for dollar payments and international transactions without any delay.
What is Providus Bank Exchange Rate?
When using a Providus Bank Naira card for dollar payments, it’s important to know how the bank sets the exchange rate for these transactions. Providus Bank uses exchange rates based on current market conditions, similar to black market rates. This gives customers access to potentially better rates than traditional banks, but the rates can still change based on market demand and availability.
You should also take note that Providus Bank exchange daily exchange rates are not available online. To make sure you are getting a good rate for your transactions, contact the bank’s customer service team to ask about the current exchange rate for Naira card transactions. You can get this information by phone at 070077684387 or 09153933333. You can also request the exchange rate through email at [email protected] or through their official website.
Frequently Asked Questions
Which Country Uses Providus Bank?
Providus Bank is a commercial bank that operates in Nigeria. It is fully approved by the CBN and provides different banking services for its customers including personal, private, corporate, commercial, and online banking.
Does Providus Bank Allow International Transactions?
Yes, Nigerians who are currently living outside the country can own a transactional account with Providus Bank and carry out both domestic and international transactions with their account.
How do I Activate a Providus ATM Card?
To activate a Providus Bank ATM card, Visit an ATM and insert your newly issued card. Press “Select Pin” and input the pin of your choice. Once this is done, your new pin will become effective immediately.
Conclusion
Providus Bank does not currently offer a Dollar ATM card. However, the bank provides a Naira ATM card that can be used for purchases and online transactions in dollars. Once you open an account with Providus Bank and the required opening deposit has been paid, you can start making use of your Providus Bank card smoothly.
Also, do not forget to consider your spending power before choosing between the Providus Bank Classic or Platinum card as each card has its benefits and limitations. You should also compare the Providus bank exchange rate with the market rate to be certain that you are getting the perfect value before your transactions.
