If you you’ve ever tried making an online payment in foreign currencies from a naira MasterCard recently , you would have discovered by now that naira debit cards (Visa and MasterCard’s) don’t work for foreign transactions anymore. Thanks to CBN’s decision to float the naira in the FOREX market.


The only option is to get a dollar MasterCard which will be funded from a dormicillary account. Fortunately, getting a GTBank dollar MasterCard isn’t much of a hassle once you have a dormicillary account.

A dormicillary account or dollar account is simply a Nigerian bank account that allows transactions in just foreign currency (precisely US dollars ).

Good thing about the GTBank dollar mastercard is that you can always fund it yourself from your dormicillary account. It is not linked to your dormicillary account by default.

If you already have a dormicillary account with GTBank, simply walk into any branch and without minding the scary crowd, request for the dollar debit MasterCard application form. Or if you you have a phobia for long qeues, you can request to get the form sent to your email. Fill the form and scan back to your account manager or whoever you are directed to submit the form to. To get a dollar MasterCard, you must have at least $50 in your dollar account.

If you don’t have a dormicillary account/dollar account, you would be asked to open one. To open dormicillary account in GTBank you will need to submit the following documents along with the application form for the dormicillary account.

Documents you will need:

  • 2 (Two) Referees, (degrees must be current account holders in any Nigerian bank).
  • 1 (one) recent passport photograph,
  • a recent Utility Bill,
  • a copy of your Driver’s License or International Passport or national ID card (tempoary national ID card MAY NOT BE ACCEPTED) or Voters card and
  • minimum opening balance of $100(in cash).

Getting your dollar card takes roughly two weeks after you’ve submitted the application successfully.


After getting the card, you will need to contact GTCONNECT to get it activated for you before changing your pin. You can ask the bank reps at the bank to help you call GTCONNECT if you don’t want to do the calling with your personal mobile number. The reps at GTCONNECT will prompt you with a few questions about your dormicillary account, just to ensure you are the owner of the account, then you can change your PIN right at the bank. Once you change your PIN, your card is ready for use.

The dollar MasterCard, just like your normal naira debit card is customised with your name on it, it has a card number, and an expiry date (usually two years from date of issue) printed on the front.

The Card Validation Value (CVV) , a three digit number is printed on the reverse side of the card.

Your dollar MasterCard can also be used for ATM withdrawals in local currency. It can also be used for POS and of course online transactions.

The following are charges that come with using your GTBank dollar MasterCard:

  1. Card Issuance Fee: $20
  2. Annual Fee: $18
  3. ATM Withdrawals: $3.50 per withdrawal
  4. POS & Online transactions: Free
  5. POS cash advance: $6.25 + 0.1% of transaction amount

Hope this helps. Any different opinion on this post, please let us know through the comments section please.

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Ebube Emeka

Ebube Emeka is a programmer, web developer and tech freak. He's a top writer at KONGONUT where he reviews products and brands.


  • July 20, 2017 at 6:04 pm

    Pls i need details on Gtbank visa dollar card & how long it’ll take to get it.
    I signed up for a dollar visa card and all I’ve been seeing so far on the web towards my research it just the Gtbank dollar mastercard.
    Pls reply to my email ASAP

    • July 22, 2017 at 1:23 am

      Hello Allwell, yes you can get a visa dollar card for from any GTBank in Nigeria. It usually takes 5-8 days before you get your card.


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