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Business & Finance

Benefits Of a Dollar Debit Card

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A dollar debit card offers immense benefits. Changing your travel money before you embark on a trip can be a bit of a hassle; and bringing out wads of cash is less than ideal. However, with the dollar debit card, paying for things in a foreign currency has never been easier.

The US dollar is one of the world’s most common currencies; and it is used in numerous countries. It is therefore important to obtain a dollar card instead of the local currency card.

Exchange rate

You don’t need to bother about the exchange rate your bank will charge you. According to www.moneyuk.com, one of the biggest financial issues most travellers face is the exchange rate. Intending travellers often ask whether they should change all the naira cash with them into dollars at the beginning and swallow up the commission charges or hold some back and hope that the exchange rate will improve.

By opting to have your cash already converted into dollars and paid into your domiciliary account, you don’t need to worry about exchange rate fluctuation.

In addition, one of the biggest problems that occur when paying for transactions abroad is opting to have the purchase debited in pound sterling. By using dollar debit cards instead, you will pay the same price that you saw on the shelf.

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Transaction fees

Most banks do not charge any transaction fee on the dollar debit card. Exchange rate isn’t the only factor that can influence how much money you have to spend.

Global acceptability

The dollar is a global currency. It is therefore accepted everywhere. You are not likely to be stranded.

Payment for sundry expenses

It can be for hotel or air ticket bills. Paying for your hotel bill or airline tickets will become easier.

Entry visa fees

Some Nigerian bank customers are unable to pay for the UK and Canadian visas online. But with a dollar card, such challenge will no longer be there.


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