Use the funds right away. Funds are available the day of payment, so you no longer have to visit a cheque cashing location or wait for funds to clear at the bank.
Keep the card literature. Keep important information about your card in safe place, including terms and conditions, the website address, and the card’s expiration date and policy. Do not keep your PIN information with your card.
Report fraud or loss immediately. If the card is lost, stolen or used for purchases without authorization, it may be reissued and the funds can be replaced. Make sure to report any losses or unauthorized purchases to the customer service number immediately.
Check your balance easily. Corporate disbursement cards offer the ability to check your balance by phone, text, or online. Check your card balance and track your spending.
Corporate Disbursement Card
Given to an employee, vendor or contactor by a business to pay a reimbursement of an expense, commission or wage payment. It offers the business tracking, reporting, cost savings and manual efficiencies. The employee, vendor or contractor gets immediate access to funds through an electronic payment tool. These cards can be single use or reloadable. They are accepted everywhere the card network is accepted including in-stores and online, and can be limited to certain merchants or types of goods. In 2015, the average load onto corporate-funded prepaid cards was CAD$ 125.