Verve
Naira MasterCard
Visa Debit
Platinum MasterCard
Process time
15 minutes
15 minutes
15 minutes
15 minutes
Is secured by Chip & PIN technology
Yes
Yes
Yes
Yes
Can be used for payments on local websites and POS
Yes
Yes
Yes
Yes
Can be used for payments on international websites and POS
No
Yes
Yes
Yes
Requires PIN for all ATM and POS transactions
Yes
Yes
Yes
Yes
Requires a CVV2 Code for all internet transactions
Yes
Yes
Yes
Yes
Requires One-Time-Password for local website purchases
Yes
Yes
No
Yes
FEES
Getting a new card
₦1000
₦1000
₦1000
₦1000
Replacing a lost or stolen card
₦1000
₦1000
₦1000
₦1000
PIN re-issue
Free
Free
Free
Free
Monthly maintenance
₦50
₦50
₦50
₦50
Annual maintenance
Free
Free
$20 for Dollar variant of the card
Free
FirstBank ATMs in Nigeria
Free
Free
Free
Free
Other ATMs in Nigeria
N65 from the 4th transaction/month
N65 from the 4th transaction/month
N65 from the 4th transaction/month
N65 from the 4th transaction/month
ATMs abroad
N/A
₦1,000
$3
₦1,000
POS in Nigeria
Free
Free
Free
Free
POS or websites abroad
Free
Free
Free
Free
DAILY TRANSACTION LIMITS
ATMs in Nigeria
₦150,000
₦150,000
₦150,000
₦300,000
ATMs Abroad
N/A
$300
$1,000
$300
POS In Nigeria
₦500,000
₦2,500,000
₦2,500,000
₦3,000,000
POS abroad
N/A
$5,000
$2,500
$5,000
Web in Nigeria
₦1,000,000
₦1,000,000
₦1,000,000
₦2,000,000
Web Abroad
N/A
$5,000
$6,250
$5,000
