How to Get a Virtual Card in Online Banking?11 min read

How to Get a Virtual Card in Online Banking?11 min read

You can use a virtual card from your online bank account to securely purchase goods online and handle your finances through digital means. 

This article examines virtual cards including their purpose, the application process through online banking platforms, any associated fees, and their use for digital shopping. 

After reading this guide you’ll learn the essentials of virtual cards and understand how to use them with your The Kingdom Bank online banking account.

What is a Virtual Card in Online Banking?

A virtual card in online banking serves as a digital payment card which exists only in electronic form with no physical card available. 

The virtual card works like a debit or credit card for online purchases but exists only as a digital entry of a 16-digit card number alongside its expiration date and security code.

You can create and handle virtual cards via your online banking portal. During online checkout you input virtual card information instead of using a physical card. 

Virtual cards provide enhanced convenience for online shoppers because they eliminate the need to provide real debit or credit card details on questionable websites.

The Kingdom Bank along with numerous online banks provide virtual cards as a standard component of their account features which protects customers during online purchases. 

By default, virtual cards expire after one transaction which means their card number can only be used once. Security levels improve because card details become unusable after initial use.

How Do I Apply for a Virtual Card in Online Banking?

Most online banking platforms make virtual card applications very straightforward and they typically take just a few minutes to complete. 

Here are the basic steps to get a virtual card through The Kingdom Bank:

1. Open your The Kingdom Bank online banking session.
2. Within your account dashboard search for the “Cards” section or “Payments” tab to locate the option for generating a “Virtual Card”.
3. Choose how much you want to add to your virtual card by selecting a minimum amount of $10 or its equivalent value in your local currency. The process functions in the same way as adding funds to a prepaid debit card.
4. Check your automatically created card information which includes the 16-digit card number, expiration date, and security code. Some features such as the expiration period can be customized by you.
5. Activate your virtual card number for immediate online use or store it in your The Kingdom Bank account dashboard for upcoming online purchases.

The whole process takes just minutes. The virtual card becomes immediately ready for online transactions without requiring you to wait for delivery of a physical card.

Is It Free to Get a Virtual Card in Online Banking?

Users can generate virtual card numbers through online banking platforms such as The Kingdom Bank at no cost. 

Users typically won’t encounter setup fees, issuance fees or transaction charges when they use virtual cards to make online purchases.

Online banking institutions might implement minimal fees if their virtual cards remain inactive for a duration ranging from six to twelve months. Regular users find virtual cards to be an economical payment solution. Virtual cards eliminate annual membership fees because they connect straight to your main bank account.

Money stored on virtual cards functions exactly as money stored in traditional bank accounts. Your linked checking account shows immediate deductions when you spend money through virtual card numbers. 

Using this method prevents any interest charges from accumulating as they commonly do with credit cards. Virtual cards deliver cost-effective digital transaction services via online banking.

What Documents Do I Need to Get a Virtual Card in Online Banking?

Signing up for online banking services and virtual card applications often requires only basic identity verification documents. 

The Kingdom Bank may require the following during account opening and ID verification:

• Government Photo ID: Your government photo ID should include either a valid passport, driver’s license or national ID card with your name and photo alongside your date of birth.
• Proof of Address: A utility bill or bank statement that shows your current mailing address is necessary for proof of residence.
• Selfie Verification: During signup, certain banks implement facial recognition to compare your ID photos with a current selfie to enhance security measures.

After providing basic KYC documents users require no additional paperwork to create and utilize virtual card numbers through The Kingdom Bank’s online banking platform. 

Customers can finish their verification process digitally from any location without having to come to a physical branch office.

Can I Use a Virtual Card for Online Purchases?

Virtual cards exist to enable secure transactions when shopping online. Virtual card numbers represent one of the safest methods for online shopping because they protect your actual debit or credit card details from exposure on unsecured websites.

Some key benefits of using virtual cards for online shopping include:

• Using single-use card numbers helps protect your actual card details from exposure during website hacks.
• Virtual cards eliminate the possibility of credit card theft because they do not exist as physical cards that could become lost or stolen.
• Virtual cards serve as the ideal solution for single-use subscriptions because they automatically expire after their initial use.
• Transactions are automatically declined when virtual cards are used on an unrecognized device or location providing built-in fraud protection.
• With The Kingdom Bank online portal users can conveniently create new virtual card numbers to use on multiple shopping websites.

Virtual cards offer secure payment options for purchases at major retailers, subscription services and one-off online stores without endangering your bank account or credit lines.

Virtual cards serve as an essential digital payment solution for online money management when used with online banking platforms such as The Kingdom Bank. 

Both individual consumers and business owners can enjoy multiple benefits from virtual cards which help secure online purchases while enabling spending separation and financial management mobility.

Users can create and manage virtual card numbers on The Kingdom Bank at no cost because there are neither setup fees nor transaction fees. Users should use virtual cards for their safety advantages and easy management capabilities both domestically and internationally.

You need just a few minutes to establish your initial virtual card number and experience the enhanced safety and simplicity of modern cashless payments. 

You can discover how to open a The Kingdom Bank online account and access virtual card features by visiting our website or consulting with a representative.