Here is a step-by-step guide on how to carry out international transactions with a Nigeria ATM card:
Confirm your ATM card's eligibility: Before attempting any international transactions with your Nigeria ATM card, you need to confirm that your card is eligible for such transactions. To do this, contact your bank and inquire if your card is enabled for international transactions. Some banks in Nigeria automatically enable international transactions for their customers, while others require a request to be made.
Activate your card for international transactions: Once you have confirmed that your card is eligible for international transactions, the next step is to activate it. To activate your card, you need to visit your bank and fill out an international activation form. You will also need to provide some form of identification, such as a passport or national ID card. Once your card is activated, you will be able to carry out international transactions.
Know the exchange rate: When carrying out international transactions with your Nigeria ATM card, you need to be aware of the exchange rate. The exchange rate determines how much local currency you will be charged for a particular transaction. You can check the exchange rate online or by contacting your bank. It is important to note that the exchange rate fluctuates, so you need to check it regularly to avoid any surprises.
Check for foreign transaction fees: Some banks charge foreign transaction fees for international transactions. These fees can be a percentage of the transaction amount or a flat fee. You should check with your bank to see if they charge foreign transaction fees and how much they charge. Knowing this information can help you plan your transactions and avoid unexpected charges.
Check the daily transaction limit: Nigerian banks have set a daily limit on how much you can withdraw or spend with your ATM card. You need to confirm what your bank's daily transaction limit is for international transactions. This limit varies from bank to bank, so you should check with your bank to avoid any issues.
Use an international payment gateway: One way to carry out international transactions with ease is by using an international payment gateway. This is a third-party payment processor that allows you to make payments in foreign currencies. Examples of international payment gateways include PayPal, Skrill, and Payoneer. These payment gateways are convenient and can help you avoid the hassle of dealing with banks.
Notify your bank before traveling: If you plan to travel outside Nigeria and intend to use your ATM card for international transactions, you should notify your bank before leaving the country. This will help prevent your card from being blocked by your bank due to suspicious activity. Some banks require customers to notify them before traveling to prevent fraud.
Carry out the transaction: Once you have confirmed that your ATM card is eligible for international transactions, activated it, and checked the exchange rate, foreign transaction fees, and daily transaction limit, you can carry out the transaction. Insert your ATM card into the ATM machine, select the amount you wish to withdraw or spend, and follow the prompts on the screen. It is essential to check the exchange rate and transaction fees before carrying out any transactions to avoid surprises.
In conclusion, carrying out international transactions with a Nigeria ATM card is not as complicated as it seems. You need to confirm your ATM card's eligibility, activate it for international transactions, know the exchange rate, check for foreign transaction fees, check the daily transaction limit, use an international payment gateway if necessary, notify your bank before traveling, and finally, carry out the transaction. Following these steps will help you carry out.
