How do I fund my card transactions?

The Verto card can be spent from 11 currency wallets (10 major currencies + NGN), as listed below:

US Dollar (USD), Euro (EUR), Japanese Yen (JPY), Pound Sterling (GBP), Swiss Franc (CHF), Canadian Dollar (CAD), Australian Dollar (AUD), New Zealand Dollar (NZD), Norwegian Krone (NOK), Swedish Krona (SEK), and Nigerian Naira (NGN).

This means if you are doing a card transaction in any of the above currencies, you can be debited in the same currency with no FX and no fees. For example, if you are doing a card transaction for 100 USD and you have sufficient USD available in your Verto wallet, you will be debited 100 USD for the transaction with zero fees*.

*The only exception is NGN where the NGN funding fee applies for card transactions.

For card transactions, where you do not have sufficient funds available in the card transaction currency or you’re doing a card transaction in a currency not mentioned above - you will be debited in your Card Default Currency.

Every Verto card has a Card Default Currency. This is the wallet your card uses whenever a purchase isn't in a currency your card holds directly, or when you don't have enough in the transaction currency. Your admin can choose a different default currency for each card and change it at any time, while keeping the same card details.

You can select USD, EUR, GBP, or NGN as the default currency for any card you issue. This effectively enables you to toggle between the native currency of your card while always benefiting from the multi-currency features to cut down on your FX costs.

When you make a purchase, your card checks your balances in this order:
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1. The currency of the transaction itself. If you're paying in a major (G10) currency or NGN, your card first checks your balance in that currency.
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2. Your card's default currency wallet. If the transaction currency isn't available or the balance is too low, your default card currency wallet is used instead.
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3. Your USD, GBP and EUR wallets. If your default currency wallet doesn't have enough funds, your card checks your USD, GBP and EUR wallets and pays from one of those wallets.
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If your card pays from a wallet in a different currency to the purchase, the amount is converted automatically. See Are there fees for Verto cards? for details.
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Choosing the default currency where you hold most of your balance keeps your payments simple and reduces conversions. And because your card can also use your USD, GBP and EUR wallets, a payment will only be declined if none of these wallets has enough funds.

Your card only uses your default wallet for each currency. If you hold more than one wallet in the same currency, such as two USD wallets, only the one set as your default can be used for card payments.
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Want to keep some funds out of card payments? Create a new currency wallet that isn't set as your default, and move any funds you want to keep separate into it. Your card will never pay from that wallet.

4. Navigate to Card Default Currency.

5. Choose from USD, EUR, GBP, or NGN.

Your change applies to future transactions only, any transaction already in progress will not be affected.

3. Select the card you want to change the default card currency for.

4. Click on the card Settings button just below the card.

5. Click on the default currency dropdown and select the currency you wish to choose as the default.

If your default currency wallet doesn't have enough funds, your card will pay from your USD, GBP or EUR wallet instead. It checks them in that order and uses the first one with enough balance.
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A payment will only be declined if none of the following has enough funds:
- the wallet in the transaction currency (for the 11 eligible currencies)
- your card default currency wallet
- your USD, GBP and EUR wallets
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To avoid currency conversions, we recommend keeping your default currency wallet topped up to match your typical spending.