You can easily get a virtual card for your online transactions if you know how to apply for a virtual card on Polaris Bank mobile app.
Virtual cards are available from Polarise Bank as part of their banking services.
With a virtual card, their bank users can conduct online transactions without a physical card thanks to a digital replica of a typical debit or credit card.
A virtual card can be used for subscription services, online shopping, and making payments for digital products and services.
Customers are able to regulate how the card is used and establish spending restrictions, adding an additional degree of protection to online transactions.
Since managing the card details is simple, this helps to reduce the risk of fraud.
You must have an account with Polarise Bank in order to be eligible for a virtual card.
The requirements could include possessing a legitimate identity certificate and meeting a minimum age, which is typically 18 years old.
You might also have to show that you meet other financial standards specified by the bank, such as having a steady source of income.
A wide range of online activities, including shopping on e-commerce sites, paying for streaming subscriptions, and even making donations, can be done using the virtual card.
The fact that it is connected to your bank account makes managing your money simple.
Customers can obtain virtual cards from Polarise Bank, which specializes in online transactions.
These cards are perfect for online shopping and digital payments because they are safe and convenient.
In order to be eligible, you just need to meet age and identity requirements, establish an account, and maybe demonstrate financial stability.
For customers who prefer digital transactions, the virtual card improves their entire online banking experience.
Let’s now put you through the practical steps required.
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How to Apply for a Virtual Card on Polaris Bank Mobile App
Step 1: Download and Install the Polaris Bank mobile app.
Start by installing the Polaris Bank mobile app from the Google Play Store or the Apple App Store if you haven’t already.
Verify that you have enough storage on your device and that you are online.
Step 2: Sign up or log in
After downloading the app, open it. You must register if you are a new user. Take these steps:
- Select “Register.”
- As prompted, provide your information, including your email address and phone number.
- Make sure your password is safe.
To complete your registration process, adhere to the on-screen directives.
Just enter your phone number and password to log in if you already have an account.
Step 3: Navigate to the Card Section
Once you’re logged in, navigate to the “Cards” area on the app’s main dashboard.
There are other ways to name this area, like “Manage Cards” or “Card Services.”
To access settings relating to cards, tap on it.
Step 4: Choose the Virtual Card Option
You have different options for managing your virtual and actual cards under the Cards area.
Search for the “Virtual Card” or “Apply for Virtual Card” option. To continue, tap on it.
Step 5: Check the conditions Required
Go over the necessary requirements for getting a virtual card before submitting an application.
This can entail making sure your Polaris Bank account is funded appropriately and keeping it active.
If you fulfill these conditions, press “Next” to proceed.
Step 6: Complete the Application form Field
Now, an application form will appear. Complete the necessary fields, which could contain:
- Name
- Your account number
- The card’s preferred currency, which is often Nigerian Naira
- The upper bound you want to apply to the virtual card
Make sure you verify the accuracy of your information twice.
Step 7: Agree to the Terms and Conditions Provided
You will need to read and agree to the terms and conditions related to using a virtual card after completing the application form.
These terms define your legal rights and responsibilities, so it’s important that you understand them.
Check the box to indicate your agreement and press “Continue.”
Step 8: Verify your identity
The app may require you to confirm your identity for security reasons.
Entering a One-Time Password (OTP) that was provided to your registered phone number may be required for this.
Open the app, check your messages, enter the OTP, and select “Verify.”
Step 9: Create a security PIN
Setting a security PIN for your virtual card is the next step.
Select a PIN that is simple for you to remember but challenging for others to figure out because it will be used for transactions.
Enter the PIN you want to use, then enter it one more to be sure.
Step 10: Review Your Application
Examine every piece of information you submitted before submitting your application.
Verify that everything is accurate, including the card limit you chose and your personal information.
You can go back and adjust the required fields if any adjustments are needed.
Step 11: Submit Your Application
Once you are certain that all the data is accurate, find and touch the “Submit” button.
Your application will be sent to Polaris Bank for processing as a result.
Step 12: Obtain Verification
You need to get a confirmation notice on the application after submitting it, telling you that it is being processed.
You might also receive an email or SMS from the bank verifying the status of your application, depending on how quickly it processes.
Step 13: Access Your Virtual Card
You can access your virtual card straight from the app’s Cards area once your application has been accepted.
The CVV, expiration date, and virtual card number will be shown.
These specifics can be used to make online transactions.
Step 14: Keep an Eye on Your Transactions
It is important to monitor the money that you spend.
You can look at your virtual card’s transaction history on the Polaris Bank app.
To make sure all transactions are accurate and to properly manage your expenditure, check this daily.
Step 15: Contact Customer Support if Needed
Please do not hesitate to contact Polaris Bank’s customer service if you have any queries or if you experience any problems throughout the application process with your virtual card.
The contact information is available on their official website or within the app.
FAQs
- What conditions must be met in order to apply for a virtual card through the Polaris Bank mobile app?
You need to be signed up for the Polaris Mobile App and have an active Polaris Bank account.
During the application process, you might also need to make sure that your email address and phone number are up to current for verification.
- What is the duration for receiving my virtual card from Polaris Bank?
If your application is approved, you will normally receive your virtual card immediately or in a few minutes.
The virtual card details will be delivered to you through the app, and you can use them right away.
- Will you be charged a fee for using the Polaris Bank Mobile App to apply for a virtual card?
Sure, there can be a little fee associated with issuing a virtual card from Polaris Bank.
Before applying, you can see the fee details in the “Card Services” area of the app or get further specifics by referring to the bank’s price schedule.
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