Conversion is done
for the foreign currency card based on how much you are loading and the
exchange rate at the time.
These cards
are operated through a virtual account. Virtual
accounts are used by Zenith Bank on transactions which are periodical and can
be stopped at any time without informing the bank.
Such accounts are used for things like salary
payments, online payments and the rest.
Usually these accounts are off the book but very much legal. Off the book in the sense that account cannot
be operated as other normal accounts.
Using this method, zenith bank is able to offer a Mastercard or Visa
virtual account cards which can be used for online transactions, purchase
through POS, mobile money transfer and withdrawal through ATMs.
This is a better means of using money online,
POS and ATM because you are only exposed to the amount loaded to the card only
and not your entire bank account.
Forget
not to ask questions or add comments – use the comment box below.
Next I will let you know how to get this card in less than one hour from any Zenith bank branch.
Next I will let you know how to get this card in less than one hour from any Zenith bank branch.
Since it is the property of gate way of Visa, it is able to be made use of in all websites which accept Visa imbursements.
ReplyDeletevirtual card
Is Zenith Bank allowed by law to give an ATM card and mailer PIN to an employer of a holder of a virtual account without the consent and knowledge of the account holder. John Bassey
ReplyDeleteIs Zenith Bank allowed by law to give an ATM card and mailer PIN to an employer of a holder of a virtual account without the consent and knowledge of the account holder. John Bassey
ReplyDeleteThanks for info. What is the minimum international spending limit and the rate on this virtual cards
ReplyDeletePlease how much is the limit for web transaction of this vitual card?
ReplyDeletePlease why can't I link my virtual card to my PayPal account...it says the bank declined it
ReplyDeleteMy Zenith Bank virtual card isn't being accepted by Google play and the Google representative I had a chat with, says it's from my bank...I want to know what the problem is.... because I'm a YouTuber and I need make certain in app purchases on my editing apps... it's extremely urgent!
ReplyDeleteThey have stopped all the Virtual accounts
ReplyDelete