The Wema Bank Utility Prepaid card is a pre-loadable card with an independent electronic wallet account. It can be loaded or reloaded via any electronic banking platform in Nigeria. The Wema Bank Prepaid Card is safe and secure so you can worry less about your card being hacked while shopping anywhere in Nigeria or through any channel.
WHAT ARE THE FEATURES OF THE CARD?
Not linked to your existing bank account
It is an electronic payment card like a debit/credit, it can be used on all channels for local POS, WEB & ATM transactions.
It is valid for 3 years
It is Chip & PIN enabled
It allows real-time transaction notifications (ALERT)
WHAT ARE THE BENEFITS THE CARD?
Eliminate risk of fraud on salary/inflow account
Assist in fund/expense management
In-app fund transfer: fund on your prepaid card could be shared with family and friends through fund transfer to Wema Bank account or any other bank account
Alternative to cash
Mitigate loss of funds on vulnerable channels, especially the web.
Ease of access to funds 24/7 anywhere in Nigeria
WHAT HAPPENS IN CASE OF LOST OR STOLEN CARD?
You can block the card in-app or escalate to the bank to block.
You can request for new card and continue usage of your fund.