Fidelity Bank Virtual Card 2024

Fidelity Bank Virtual Card 2024: For contactless and online transactions, a virtual card is an electronic replica of a real payment card. It offers a safe method of making payments without disclosing the actual credit card number. Virtual cards create distinct card numbers for each transaction or group of transactions and are usually linked to an existing credit or debit card account. Because the virtual card number can be restricted to particular merchants, transaction amounts, or time intervals, this feature minimizes the chance of fraud and offers an extra degree of security. Through their banks, other financial institutions, or fintech services—often through mobile apps or online banking platforms—users can receive virtual cards.

Virtual cards are a desirable alternative because of their security and convenience for both customers and companies. Because users can establish spending restrictions and deactivate the card after just one usage, virtual cards give consumers the ability to monitor their expenditure.

This is very helpful for regular payments, subscriptions, and internet shopping. Virtual cards let organizations better control and track their spending by streamlining procurement and expense management procedures. Furthermore, by lowering the possibility of card information being lost or abused, virtual cards improve overall financial security and lessen the administrative load associated with keeping physical cards.

Table of Contents

Essential Elements of Virtual Cards

Physical cards do not exist in virtual form. They can only be accessed digitally through online banking systems or mobile apps.
Like a real card, each virtual card has a distinct card number, expiration date, and CVV code.
Virtual cards can be configured for one-time use or repeated use. Single-use cards provide an additional security measure by expiring after a single transaction.
For virtual cards, cardholders can frequently specify spending caps, expiration dates, and merchant limitations.
Usually issued instantaneously, virtual cards enable instantaneous use for online transactions.

Does Fidelity Bank have a Virtual Card?

Yes. Among its many uses, the Fidelity Virtual Card can be used for online shopping (domestic and foreign), bill payments, service subscriptions, and other online transactions. It is specifically made for web transactions.

How to Get a Fidelity Bank Virtual Card

To get a Fidelity Bank virtual card, simply follow the steps below:

Download the Fidelity mobile app (Android and iOS)
Log in to your account using your username and password or biometric.
On the dashboard, click on “Do More or Services.”
Click on “Cards.”
Click “Virtual Cards.”
Input a token (from the token app).
Click on “Create card.”
Open a new account or use an existing account.
Select account, select purpose.
Type in the name that will be on the card.
Click on “Create card.”
Your card PAN will be generated with an expiration date and CVV.

Benefits of Using Fidelity Virtual Card

Lower Fraud Risk: Virtual cards lower the risk of fraud because they can be restricted to particular transactions or merchants and have unique numbers.
Controlled Use: To reduce the possibility of unauthorized use, users can establish spending caps and expiration dates.
Anonymity: By preventing the disclosure of your primary card information during transactions, virtual cards can help safeguard your privacy.
Instant Availability: Virtual cards are available for instant issuance and use for online purchases and subscription services. 24/7 access to funds on the card anywhere in Nigeria.
Contactless Payments: The addition of numerous virtual cards to digital wallets like Apple Pay, Google Pay, or Samsung Pay makes contactless in-store payments possible.
Subscription Management: You may easily cancel and manage recurring charges when you use virtual cards for subscriptions.

Frequently Asked Questions

How to Block Fidelity Bank ATM Card

*770*911# is the code to block your ATM card; however, there are other actions you need to take to make sure your ATM card account is blocked.

Launch the dialer app on your phone.
Dial *770*911# on your mobile phone.
Select the ATM card you want to block.
Enter your Fidelity 4-digit transfer pin to authenticate the ATM card block.

Does blocking my Fidelity Bank ATM card cost money?

If your Fidelity Bank ATM card is lost or stolen, you can usually stop it without paying any money. The security of your account is a top priority for Fidelity Bank, and barring a card in certain situations is typically free of charge.