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The Business Debit Card from ABC Bank is a convenient payment tool for any size business. It eliminates timely reimbursement procedures and with the use of Online Banking, your business can efficiently track everyday use.
Here's how it works…The MasterMoney Business Debit Card from American Bank of Commerce works like any ATM card and MORE. A PIN (Personal Identification Number) is assigned to the card for security purposes and allows the cardholder to authorize transactions. (Normal ATM fees apply.) That is not all... your MasterMoney Business Debit Card from ABC Bank allows the cardholder to make purchases at restaurants, office supply stores, hotels, gas pumps, airlines, and limitless other places that would accept payment by cash, check, or credit. As the cardholder completes the purchases, the amount of the transaction is deducted from the checking account balance.
You can use the MasterMoney Card just about anywhere...Most Merchants displaying the MasterCard logo will take your card. You may use any ATM machine displaying the logos you see on the back of your card.
Card purchases will appear on your monthly checking account statement...The amount, date, and place where you use the card will appear on your statement, along with the checks you write and your ATM transactions. You can keep better track of your total spending with all transactions on one statement.
Flexibility in Card Limits and Usage…You as a business owner will have the ability to limit ATM or POS access and also have the option to block ATM usage if you choose. Daily Card limits are not set at the account level but rather at the card level offering you the flexibility to manage funds per cardholder.
To obtain a MasterMoney Card, just fill out the application...Pick up an application at any ABC Banking Center. Fill it out and return it to us for approval. Once approved the new Business Debit card will be mailed to the business address of the account OWNER where the business owner will be able to monitor the cards and PIN's effectively. After the card is received, two to three days later, the PIN (Personal Identification Number) will arrive in the mail.
When shopping with your MasterMoney Card, funds are deducted from your available balance immediately...Please realize you are spending money you have deposited, rather than money you are borrowing. You need to ensure that you have sufficient funds available in your checking account. If you do not have sufficient funds available, then just as with insufficient checks, you can expect to pay the applicable fees and charges. Insufficient funds may also result in your card transaction being declined.
Fill out application...It's quick and easy to fill out.
- Only owners and authorized signers may have a debit card.
- It is the owner's responsibility to notify us in writing to revoke an Authorized Signer/User.
- Cards may not be transferred to persons in the same organization as cards are issued to individuals not just the business.
Submit application for approval...Bring your completed application by any American Bank of Commerce location or simply mail it in.
Watch your mailbox...Once you are approved, your MasterMoney Card will be mailed to you. You will receive your PIN(Personal Identification Number) two to three days after your card arrives.
Activate your card...You may visit any ATM or POS(Point of Sale) terminal to activate your card with the PIN that you receive in the mail. Once your card is activated, you are ready to make purchases and ATM transactions.
Use your card...Use your MasterMoney Card anywhere MasterCard is accepted or at any ATM.
Record transactions...Record transactions in your checkbook register.
Watch your account...Transactions will be memo posted to your account immediately. Actual charge may not be deducted from your ledger balance for several days.
Review transaction activity...Review your transaction activity on your monthly checking account statement or anytime with our convenient online banking service.
A full fee schedule is available at any ABC Banking Center Location.