The GTBank Dollar MasterCard is a convenient option for individuals who need to perform transactions in foreign currencies. Whether you're making international purchases, traveling abroad, or shopping online, this card ensures smooth, secure payments in US dollars. Here’s how you can apply for and obtain your GTBank Dollar MasterCard:

1. Understand the GTBank Dollar MasterCard

Before applying, it's essential to understand what the GTBank Dollar MasterCard offers:

    

• Foreign Currency Payments: All transactions are processed in USD, making it perfect for international payments.
• Global Acceptance: It can be used anywhere MasterCard is accepted, including online and in physical stores.
• ATM Withdrawals: You can withdraw foreign currency from ATMs worldwide.
• Security: It comes with advanced security features, including a chip and PIN system for safer transactions.

2. Requirements to Apply for a GTBank Dollar MasterCard

Before visiting the bank, ensure you meet the following requirements:

    

• Domiciliary Account: You need to have a GTBank domiciliary account (USD). This account allows you to store and transact in foreign currency.
• Minimum Opening Balance: A minimum amount, typically $100, is required in your domiciliary account to apply for the card.
• Identification: A valid form of ID such as a Nigerian passport, driver’s license, or national ID card.
• Utility Bill: A recent utility bill (within the last 3 months) showing proof of address.
• Two Passport Photos: These might be required, so it's best to bring them along.
• Completed Application Form: Available either at the bank or online via the GTBank website.

3. Steps to Get the GTBank Dollar MasterCard

a. Open a GTBank Domiciliary Account

If you don't already have a domiciliary account with GTBank, you’ll need to open one. Follow these steps:

    

• Visit the nearest GTBank branch: Request to open a domiciliary account in USD.
• Fill out the application forms: Provide your personal information, including ID, utility bill, and passport photos.
• Fund the account: Deposit the minimum required amount (usually $100) into your new domiciliary account.

Alternatively, you can start the process online by visiting the GTBank website and following the steps to open a domiciliary account.

b. Apply for the GTBank Dollar MasterCard

Once your domiciliary account is set up, you can proceed to apply for the Dollar MasterCard.

    

• Visit your GTBank branch: Request a Dollar MasterCard application form.
• Complete the form: Provide all necessary details, including your account number, personal information, and contact details.
• Submit the form: Along with your form, attach your valid ID, passport photos, and any other required documents.
• Pay the applicable fees: There may be issuance or annual fees associated with the card, which can vary. Be sure to confirm this with the bank.

c. Wait for Processing

Once submitted, your application will be processed. GTBank typically takes 5-10 business days to issue the card. During this period, you can track the status of your application via the GTBank customer service hotline or online banking platform.

4. Activating Your GTBank Dollar MasterCard

Once your card is ready, you will receive an SMS notification to pick it up from your branch. Here’s how to activate it:

    

• Pick up the card: Collect your card from the branch where you applied. You’ll receive a sealed envelope containing the card and your PIN.
• Activate the card: To activate, follow the instructions provided by GTBank. This typically involves logging into the GTBank Internet Banking platform or contacting the GTBank customer service line.
• Change your PIN: For security, you should change your PIN as soon as possible after activation. You can do this at any GTBank ATM or by following the prompts online.

5. Using Your GTBank Dollar MasterCard

Once activated, you can begin using your card for international payments and withdrawals. Here are some things to keep in mind:

    

• Foreign Transactions: All payments are processed in USD, so there’s no need to worry about conversion rates when shopping online or abroad.
• ATM Withdrawals: You can withdraw foreign currency from ATMs around the world. GTBank may charge withdrawal fees, so it's wise to confirm the charges beforehand.
• Online Purchases: Use your card on international websites like Amazon, eBay, or any site that accepts MasterCard.
• Manage Your Card: Use GTBank Internet Banking or the GTWorld mobile app to monitor your spending, check balances, and receive real-time notifications for transactions.

6. Fees and Charges

Using the GTBank Dollar MasterCard comes with some fees that you should be aware of:

    

• Annual Fee: Typically between $10 and $20 per year.
• ATM Withdrawal Fee: When withdrawing foreign currency from ATMs, there’s usually a charge of about $3 - $5 per transaction.
• Foreign Exchange Charges: If you make payments in a currency other than USD, there may be a conversion fee.
• Card Replacement Fee: If you lose your card or it gets damaged, there’s a fee to replace it, generally around $20.

7. Important Tips

    

• Ensure Sufficient Funds: Always maintain enough funds in your domiciliary account to cover your transactions and fees.
• Use Secure Networks: When making online payments, ensure you’re on a secure network to protect your card information from theft or fraud.
• Monitor Transactions: Regularly check your card statements via online banking to track your spending and detect any unauthorized transactions.

Conclusion

Obtaining a GTBank Dollar MasterCard is a straightforward process that allows you to perform international transactions with ease. By following the steps outlined above, you can enjoy seamless access to foreign currencies for purchases and withdrawals worldwide. With GTBank's security features and global acceptance, it's an excellent option for anyone needing a reliable international payment method.

Also Read

• How to Fund your Gtbank or other Banks Dollar MasterCard
• 6 Best Virtual Dollar Card Providers in Nigeria