TransferWise Nigerian Naira Travel Card - TravelCardFinder

Traveling internationally can be exciting, but handling your money in foreign currencies can often lead to confusion and unexpected fees. If you’re planning a trip to Nigeria or any other country, the TransferWise Nigerian Naira Travel Card (also known as the Wise Card) offers a great way to manage your money while saving on high exchange fees. This travel card is designed to help you avoid the hidden charges that often come with traditional travel cards and bank accounts.

In this article, we’ll cover everything you need to know about the TransferWise Nigerian Naira Travel Card. From its features and benefits to the fees and best ways to use it, you’ll find all the information needed to make the most of your card.

What is the TransferWise Nigerian Naira Travel Card?

The TransferWise Nigerian Naira Travel Card is a prepaid debit card linked to your Wise multi-currency account. It allows you to hold, exchange, and spend Nigerian Naira (NGN) as well as other currencies. Wise gives you access to real exchange rates, which helps you avoid high conversion fees that can be associated with regular banks and other travel cards.

With the Wise Nigerian Naira Travel Card, you can load multiple currencies, including NGN, and spend them globally at the best available exchange rates.

Key Features of the TransferWise Nigerian Naira Travel Card

Benefits of Using the TransferWise Nigerian Naira Travel Card

1. No Hidden Fees or Markups

Unlike traditional banks or currency exchanges, Wise offers the real exchange rate when converting currencies, meaning you don’t pay hidden markups. This is especially useful for travelers who want to avoid the extra costs that can add up when exchanging money at airports or local currency exchange offices.

2. Affordable and Transparent Fees

Wise only charges low conversion fees of 0.35% to 1%, depending on the currency pair. This is far more affordable than the fees imposed by traditional banks or other travel cards.

3. Easy to Use Around the World

With the Wise Nigerian Naira Travel Card, you can use it to make purchases online or in-store anywhere Mastercard is accepted. Whether you’re in Nigeria or traveling abroad, this card makes it easy to manage your finances.

4. Free ATM Withdrawals (Up to Limit)

Withdraw cash at ATMs around the world for free up to a monthly limit. After that, there is a small withdrawal fee (usually around 2%) for additional withdrawals, making it more affordable than many other travel cards.

5. No Monthly Fees

Unlike many traditional bank accounts or other prepaid cards, the Wise Nigerian Naira Travel Card has no monthly maintenance fees. You only pay for the services you use, such as currency conversions and ATM withdrawals.

Supported Currencies

The TransferWise Nigerian Naira Travel Card supports over 50 currencies, allowing you to hold and convert a wide range of money for travel. Some of the supported currencies include:

• Nigerian Naira (NGN)
• US Dollar (USD)
• Euro (EUR)
• British Pound (GBP)
• Australian Dollar (AUD)
• Canadian Dollar (CAD)
• Japanese Yen (JPY)
• Indian Rupee (INR)
• South African Rand (ZAR)
• Singapore Dollar (SGD)

This broad support for multiple currencies means you can travel seamlessly across many countries without worrying about multiple cards or paying high conversion fees every time you change currency.

Fees and Charges

How to Use the TransferWise Nigerian Naira Travel Card

1. Load Your Card with Nigerian Naira

Before you travel, load your card with Nigerian Naira (NGN) to ensure you have the local currency on hand. You can easily convert from NGN to other currencies within the app.

2. Use for Daily Purchases

You can use the TransferWise Nigerian Naira Travel Card for daily expenses like food, shopping, transportation, and even entertainment. The card is accepted globally wherever Mastercard is accepted, making it ideal for both local and international travel.

3. Withdraw Cash from ATMs (Within Limits)

While it’s often more convenient to use the card for payments, you can withdraw cash from ATMs when necessary. Keep in mind that Wise offers free ATM withdrawals up to a certain limit. Once you exceed that limit, you’ll be charged a small fee.

4. Track Your Spending in Real-Time

One of the best features of the Wise app is its real-time transaction tracking. Whenever you use your card, the app will send an instant notification, allowing you to keep track of your spending. This is helpful for managing your budget while traveling.

5. Freeze Your Card When Needed

If you lose your card or think it’s been stolen, you can freeze it instantly through the Wise app. This ensures no one can make unauthorized transactions with your card.

How to Apply for the TransferWise Nigerian Naira Travel Card

Applying for the Wise Nigerian Naira Travel Card is a simple process that you can complete in just a few steps:

Step 1: Sign Up for Wise

To get started, download the Wise app or visit the Wise website to sign up. You’ll need to provide basic details such as your name, email address, and a secure password.

Step 2: Verify Your Identity

For security reasons, Wise requires you to verify your identity. This process typically involves uploading a government-issued ID and proof of address. The verification process may take a few hours to a day.

Step 3: Order the Card

Once your account is set up and verified, you can order your Wise card directly through the app or website. There is a small fee to get your card issued, but it will be delivered to your address within a few business days.

Step 4: Add Funds to Your Account

Once you receive your card, you can start adding funds to your Wise multi-currency account. You can load money through various methods such as bank transfers, debit cards, or credit cards.

Step 5: Start Using Your Card

Now, you can start using your Wise Nigerian Naira Travel Card for purchases, ATM withdrawals, and more.

Do’s and Don’ts of Using the Wise Nigerian Naira Travel Card

Do’s:

• Do convert your currency in advance: Load the card with Nigerian Naira (NGN) or any other currency you plan to use during your travels.
• Do use the card for online purchases: The Wise card is great for paying for flights, accommodation, and other online purchases.
• Do track your spending: Use the app to monitor your expenses and manage your budget effectively.

Don’ts:

• Don’t withdraw too much cash: ATM withdrawals beyond the free limit come with a fee, so try to limit your withdrawals.
• Don’t choose dynamic currency conversion: Always select to pay in NGN (or your chosen currency) when given the option at the point of sale.

Why Choose the TransferWise Nigerian Naira Travel Card?

The Wise Nigerian Naira Travel Card offers several advantages for travelers:

• Low Fees: Enjoy some of the lowest currency conversion and withdrawal fees available.
• Real Exchange Rates: Avoid hidden markups and always get the mid-market exchange rate.
• Global Acceptance: Use the card wherever Mastercard is accepted.
• Multi-Currency Flexibility: Hold multiple currencies in your Wise account, including NGN, USD, EUR, and more.

Top up and spend your holiday money in over 40 currencies

Which all countries can apply for Wise Travel Card

The Wise card is currently available for personal customers that live in these countries and regions:

• Australia
• Brazil
• Canada
• EEA + Switzerland*
• Japan
• Malaysia
• New Zealand
• Philippines
• Singapore
• UK + European microstates and overseas territories*
• USA except for residents of Nevada (US cards temporarily unavailable)

Conclusion

The TransferWise Nigerian Naira Travel Card is an excellent choice for anyone traveling to or from Nigeria. With its low fees, real exchange rates, and broad currency support, it makes managing your money while traveling easier and more affordable. Whether you’re making payments for goods and services, withdrawing cash from ATMs, or tracking your spending, this travel card offers a convenient and cost-effective way to handle your finances.

Get your Wise Nigerian Naira Travel Card today and start enjoying hassle-free travel with lower fees and better exchange rates!