Do you have someone running errands for you and want to monitor how, when and where they spend? Or do you need to separate your household or utility bill payments immediately after your salary is paid? Then you will need the FCMB utility card.

Sometimes, you want a card you can dedicate to household expenses, but the thought of opening another account is too stressful. Or it could be that Grandpa needs a way to make payments and collect cash, even though he does not have a bank account.

Benefits:

  • Get several Utility Cards issued on your account – which means you can assign separate cards to your children, family staff, driver, housekeeper etc.
  • Easily transfer money from your FCMB account or other banks to the Utility Card.
  • Safe and easy to use.
  • Accessible on ATM, POS and web transactions (*Mastercard variant also supports international transactions)
  • Available to corporate account holders with multiple signatories (Verve Utility Card only).
  • The Utility Card can be issued in customer’s preferred name and not necessarily the account name.

Ready to get started? Simply visit any of our branches to pick up an FCMB Utility Card instantly for just N1,075.

Frequently Asked Questions

  1. What is the FCMB Utility Card?
    It is a multi-purpose card, that serves as a financial management tool, designed to enable you to set aside funds to cater for your periodic expenses such as payments, monthly/periodic budgets, and recurring transactions. It gives customers the power to control their spends as well as restrict unauthorized access to their checking account balance. It also allows you to issue a supplementary card to a third party to manage payments on your behalf. The card is Naira denominated and is available in Verve and MasterCard variants.
  2. Why do I need the FCMB Utility Card?
    Do you have someone running errands for you and want to monitor how, when and where they spend? Or do you need to separate your household or utility bill payments immediately after your salary is paid? Then you will need the FCMB utility card. It is also ideal for fleet management, etc.
  3. What makes the Utility Card different from a regular debit card?
    Unlike the regular debit card which draws funds from the balance on the operating account (current or savings) of a customer, expenses from the Utility Card is limited to the amount of money it is prefunded with per time.
  4. How does the FCMB Utility Card work?
    • Utility Card is only available to existing customers as a supplementary card. Therefore, you must have an account before you request one.
    • Funds on the Utility Card can only be utilized via card transactions through any channel – ATM, POS or WEB.
    • Across-the-counter withdrawal is not permitted.
    • The Utility Card can be funded through your FCMB account or other bank accounts.
    • Fund transfers from this card can only be done with the ATM.
  5. What is the cost of the FCMB Utility Card?
    The Utility Card costs N1,075.
  6. What are the daily transaction limits on the FCMB Utility Card?
    ATM – N50,000
    POS/Web - N50,000
    (Limit can be increased based on request)
  7. How do I activate my FCMB Utility Card?
    Your card can be activated immediately using the in-branch POS terminal. Please see the Customer Service Manager at any FCMB branch to activate your card.
  8. What happens if the FCMB Utility Card is stolen, damaged, or expired?
    Please contact our 24/7 contact centre on 07003290000 or send an email to customerservice@fcmb.com.
  9. Can I fund my FCMB Utility Card from any account?
    Yes, the card can be funded through another FCMB account or another bank’s account. However, funds received cannot be transferred out except when the transfer is to the primary FCMB funding account of the customer.
  10. How can I check the available balance on my FCMB Utility Card?
    -ATM,
    -FCMB New Mobile
    -FCMBOnline
    -*329#
  11. Can the FCMB Utility Card be issued to a corporate customer?
    Yes, the Verve Utility Card can be issued to corporate customers.
  12. Can the FCMB Utility Card be issued to a large corporate customer with multiple signatories?
    Yes, the Verve Utility Card can be issued to large corporate customers with multiple signatories provided they meet the following conditions:
    • A Board resolution agreeing that the bank should issue such cards on their account and designating a custodian to the Utility Card.
    • The written request for the Utility Card must have the concurrence of all the signatories to the account, stating the custodians of the debit cards.
    • A statement/letter indemnifying the bank of any loss that may arise from the issuance of the card on their account.
    • For multiple card requests, a list of the beneficiaries of the cards and their respective phone numbers for transaction alerts.