Enterprise Bank launches prepaid MasterCard

Enterprise Bank Limited has introduced a dual- purpose, pre-paid MasterCard that can be pre-funded in Naira or the United States Dollar.

A statement from the bank said the card, which can be obtained by both customers and non-customers, is a multi-purpose chip and pin debit card that can be pre-funded with cash and used to effect transactions on the internet, Point of Sale (PoS) terminals and cash withdrawal from Automated Teller Machines (ATMs), locally and internationally.

The bank also said that the unique benefit of the card was that cardholders would have no need to open or have a bank account in order to have the prepaid card. It described the card as ideal for students, corporate accounts (expense cards, estacode, and corporate travel) and travel cards among others.

The card, the bank stated, also eliminated the burden of carrying large sums of money around just as it allows its holders to spend conveniently since both the Personal Travel Allowance (PTA) and Basic Travel Allowance (BTA) are loadable on the prepaid card.

'Holders of the MasterCard prepaid do not need to carry huge amounts in foreign currencies during foreign trips because money loaded in the card is already available, secure, safe and can be used anywhere in the world. What that means is that it is convenient for everybody that will be travelling both within and outside the country during the festive period', the statement added.