• Thursday, July 18, 2024
businessday logo

BusinessDay

Enterprise Bank launches dual purpose MasterCard Prepaid

businessday-icon

  Enterprise Bank customers now enjoy additional convenience with the introduction of the dual purpose Enterprise Bank MasterCard Prepaid Card that is used locally and internationally. The new addition is a multi-purpose chip and pin debit card that can be pre-funded with cash. The card can then be used to effect cashless payments (like a bank debit card) on the internet, Point of Sale (POS) terminals and cash from Automated Teller Machines (ATMs).

A statement from the bank said that the unique benefits of the card, which is open to both customers and non-customers of the bank alike is that the individual would have no need to open or have a bank account in order to have the prepaid card. The card, which can be pre-funded in Naira or USD denominations, is ideal for students, corporate accounts (expense cards, estacode, and corporate travel) and travel cards among others.

The card, the bank added, also eliminates the burden of carrying large sums of money around just as it allows its holders to spend more than their approved daily spend limits since both the Personal Travel Allowance (PTA) and Basic Travel Allowance (BTA) are loadable on the prepaid card. With the product, the statement further affirmed that holders of the Mastercard prepaid do not need to carry huge amounts in foreign currencies for foreign trips because money loaded in the card is already available, secure, safe and can be used anywhere in the world.

The bank said that the process of acquiring the card is simple. Customers can collect e-Business Application forms from any branch of Enterprise Bank nationwide and submit completed ones with required documents. Once this is perfected, the individual will collect the card on the spot and in addition, receive a welcome letter and a user manual, which guides effective usage of the card.

With this development, Enterprise Bank continues to play a key role in advancing the implementation of the cash-lite policy as part of the effort to be the bank of choice to all Nigerians. The bank has also strengthened its ATM and POS network as well as its Internet and Mobile banking services, which completely ensures convenient banking for its numerous customers and patrons.