If you have or are applying for a Corporate Current Account you can apply for a Business Debit Card to make payments and withdraw cash from your account.
This could be right solution for you if
- you want to reduce cost - business debit card transaction do not incur cost*
- you want to initiate payment any time - business debit cards can be used to make vendor/supplier payment any time
- you want to be safe when making online transcations - Business Debit Cards are 3D secure enabled for participating merchants
* Foreign Currency Fee is levied for international transactions and non AED transactions
Key features
- Business Debit Card is linked to Corporate Account
- Ability to restrict ATM usage
- Ability to restrict card usage to specific merchant categories, or specific merchants
- Apple Pay compatible
- Ability to set monthly transaction limit
Added flexibility
HSBC Business Debit Card now comes with ability to issue Virtual Debit Cards for B2B payments
Virtual Debit cards:
Virtual Debit card provides capabilities distinct from a traditional plastic based Debit Card. It provides the capability for you to move your existing B2B payments to a card solution with controls and features that are not available in a standard domestic payment route.
With Virtual Debit cards you get:
- No physical cards issued. You can request for virtual cards for your payment requirements at any time through the virtual cards platform
- Ability to restrict the generated card number to a single or multiple uses
- Transaction level controls – limit amounts, velocity, merchant category specific, and time periods of when and where payments can be made on a particular card
- Ability to capture additional data which can help in reconciliation
