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Business

Prepaid business cards

published: 26 September 2022

Need to offer your staff a way to make essential business purchases, but don’t want to give them a credit card? A business prepaid card allows them to spend, while leaving you firmly in control. Compare the best deals with MoneySuperMarket.

Prepaid business cards - Ordered alphabetically A-Z

Anna Money

ANNA Business Expense Card

  • Annual fee

    Free

  • Transaction fee

    Free

  • UK ATM fee

    £1.00

  • International ATM fee

    £1.00

  • Foreign transaction fee

    £5.00


Great for

  • Sign up online and get a business account and debit Mastercard in under 5 minutes
  • Get an instant Sort Code and Account number, a virtual card to use instantly, a debit Mastercard and 24/7 customer support
  • Say goodbye to admin tools for invoices, expenses, taxes and VAT

But be aware that

  • For UK based only businesses and residents
More Details

THE BASICS

  • Card issuer: PayrNet Ltd

  • Card type: MasterCard

  • The card is valid for 0 months

ACCOUNT FEATURES

Great for

  • Sign up online and get a business account and debit Mastercard in under 5 minutes

  • Get an instant Sort Code and Account number, a virtual card to use instantly, a debit Mastercard and 24/7 customer support

  • Say goodbye to admin tools for invoices, expenses, taxes and VAT

But be aware that

  • For UK based only businesses and residents

BENEFITS

  • ✅ Online account management

  • ✅ 24 hour service

  • ❌ No fee on foreign transactions

  • ✅ Accepted online

  • ✅ Sort code & account number included

Benefits notes: The card is available for as long as you require it; there is no validity period

CARD

  • Card application fee - Free

  • Monthly service fee Free

  • Annual service fee - Free

  • Card replacement fee - Free

  • Card cancellation fee - Free

  • Dormancy fee - N/A

Card fee notes: 

Monthly Fees:

  • Pay As You Go plan - no monthly fee

  • Business plan - £14.90 + VAT per month

  • Big Business plan - £49.90 + VAT per month

Additional cards:•

  • Pay As You Go plan - £3 per card per month

  • Business plan - Up to 5 included, then £3 per card per month•

  • Big Business plan - Unlimited additional cards

TRANSACTION FEES

  • Foreign transaction Fee

  • Purchase fee - Free

  • Internet Purchase fee - Free 

Transaction fee notes:

International payment fees:

  • Pay As You Go plan - £5 per payment

  • Business plan - 1 free per month, then £5 per payment

  • Big Business plan - 4 free per month, then £5 per payment

ATM WITHDRAWAL FEES

  • ATM withdrawal fee (UK)

  • ATM withdrawal fee (International) 

ATM withdrawal fee notes: 

UK ATM withdrawal fees:•

  • Pay As You Go plan - £1 per withdrawal

  • Business plan - 3 free withdrawals, then £1 per withdrawal

  • Big Business plan - unlimited withdrawals

  • International ATM withdrawal fees - Subject to foreign service charges

ELIGIBILITY

Great for

  • You must be 18 years old or over to apply

  • You must be a director of a limited company or a sole trader

  • You must have a UK registered business and be a resident in the UK

You are advised to check the lenders Terms & Conditions for information relating to interest rates, fees and charges.

Card one

Card One Money Business

  • Annual fee

    Free

  • UK ATM fee

    £1.50

  • International ATM fee

    £3.00

  • Foreign transaction fee

    2.75%


Great for

  • No credit checks
  • New and established businesses
  • Limited companies, partnerships and sole traders.

But be aware that

  • To acquire your pre-paid business card customers must open a business account.
More Details

THE BASICS

  • Card issuer: Fair Payments Limited

  • Card type: MasterCard

  • The card is valid for 36 months

ACCOUNT FEATURES

Great for

  • No credit checks

  • New and established businesses

  • Limited companies, partnerships and sole traders.

But be aware that

  • To acquire your pre-paid business card customers must open a business account. 

BENEFITS

  • ✅ Online account management

  • ❌ 24 hour service

  • ❌ No fee on foreign transactions

  • ✅Accepted online

  • ✅ Sort code & account number included

Benefits notes:

  • Contactless pre-paid mastercard debit card

  • Up to 3.5% cash back rewards at selected retailers

CARD

  • Card application fee

  • Monthly service fee

  • Annual service fee - Free

  • Card replacement fee

  • Card cancellation fee - Free

  • Dormancy fee - 0 

Card fee notes: 

  • Card Application fee - £55 - A one off application fee• Monthly fee - £12.50

  • Card Replacement fee - £3.95

TRANSACTION FEES

  • Foreign transaction Fee - 2.75%

  • Purchase fee

  • Internet Purchase fee

ATM WITHDRAWAL FEES

  • ATM withdrawal fee (UK)

  • ATM withdrawal fee (International) 

ATM withdrawal fee notes: 

International ATM Withdrawal Fee - £3.00 + 2.75% of the transaction fee

ELIGIBILITY

Great for

  • Must be at least 18 years of age. Must be a UK resident.

You are advised to check the lenders Terms & Conditions for information relating to interest rates, fees and charges.



Cashplus

Business Expense Card

  • Annual fee

    free

  • Transaction fee

    Free

  • UK ATM fee

    £2.00

  • International ATM fee

    £3.00

  • Foreign transaction fee

    2.99%


Great for

  • No monthly or annual account fees
  • Mobile App and online banking available. Make cash deposits via the Post Office
  • Safe and secure way to manage expenses online 24/7, employees can only spend what's loaded

But be aware that

  • A £9.95 one-off card issue fee applies
  • Must have a trading address in the UK & at least one director must be residing in the UK
  • First 3 payments sent each month are FREE, then £0.30 for every transfer thereafter. Card transactions in the UK are free
More Details

THE BASICS

  • Card issuer: Advanced Payment Solutions Limited

  • Card type: MasterCard

  • The card is valid for 36 months

ACCOUNT FEATURES

Great for

  • No monthly or annual account fees

  • Mobile App and online banking available. Make cash deposits via the Post Office

  • Safe and secure way to manage expenses online 24/7, employees can only spend what's loaded

But be aware that

  • A £9.95 one-off card issue fee applies

  • Must have a trading address in the UK & at least one director must be residing in the UK

  • First 3 payments sent each month are FREE, then £0.30 for every transfer thereafter. Card transactions in the UK are free

BENEFITS

  • Online account management

  • 24 hour service

  • No fee on foreign transactions

  • Accepted online

  • Sort code & account number included

Benefits notes:

  • Free to receive bank transfers

  • No monthly or online account management fees

  • No UK purchase transaction fees

  • Free to set up Direct Debits and Standing Orders

CARD

  • Card application fee

  • Monthly service fee - Free

  • Annual service fee - Free

  • Card replacement fee

  • Card cancellation fee - Free

  • Dormancy fee - N/A

Card fee notes: 

  • Card Application fee - £9.95

  • Card Replacement fee - £5.95

  • One-off fee of £5.95 per additional card ordered for each staff member

  • There is a fee of £10 for a refund of the cash value in the account

RELOAD OPTIONS CASH

  • Online - Free

  • Post Office

Reload notes:

  • Free to top up the card accounts via bank transfer or wage deposit

  • Cash can be loaded on to accounts at the Post Office. A fee of 0.3% will apply to the total amount loaded in a calendar month, with a minimum £2 fee 

TRANSACTION FEES

  • Foreign transaction Fee - 2.99%

  • Purchase fee - Free

  • Internet Purchase fee - Free 

Transaction fee notes:

ATM WITHDRAWAL FEES

  • ATM withdrawal fee (UK)

  • ATM withdrawal fee (International) 

ATM withdrawal fee notes: 

  • UK ATM fee - £2.00

  • International ATM fee - £3.00

ELIGIBILITY

Great for

  • You must be aged 18 or over to apply

  • You must have a trading address in the UK & at least one director must be residing in the UK

You are advised to check the lenders Terms & Conditions for information relating to interest rates, fees and charges.

Exclusive

GET YOUR FIRST YEAR FREE - £50 ANNUAL FEE WAIVED FOR APPLICATIONS THROUGH MONEYSUPERMARKET

Equals

Equals Spend Card

  • Annual fee

    Free

  • Transaction fee

    Free

  • UK ATM fee

    £1.50

  • International ATM fee

    £1.50

  • Foreign transaction fee

    Free


Great for

  • Total visibility of your team's spending in one place
  • Load staff cards in GBP, EUR & USD and spend worldwide with Mastercard cards
  • Upload receipts through the app and remove paperwork hassles

But be aware that

  • A fee of £10+ VAT per card applies
  • A 1.5% foreign transaction fee applies when used in a currency other than: GBP, EUR, USD, CAD, AUD, NZD, DKK, HKD, NOK, PLN, ZAR, SEK, CHF, HUF, JPY
  • ATM fees apply both in the UK and abroad
More Details

THE BASICS

  • Card issuer: Valitor

  • Card type: MasterCard

  • The card is valid for 36 months

ACCOUNT FEATURES

Great for

  • Total visibility of your team's spending in one place

  • Load staff cards in GBP, EUR & USD and spend worldwide with Mastercard cards

  • Upload receipts through the app and remove paperwork hassles

But be aware that

  • A fee of £10+ VAT per card applies

  • A 1.5% foreign transaction fee applies when used in a currency other than: GBP, EUR, USD, CAD, AUD, NZD, DKK, HKD, NOK, PLN, ZAR, SEK, CHF, HUF, JPY

  • ATM fees apply both in the UK and abroad

BENEFITS

  • ✅Online account management

  • ✅ 24 hour service

  • ✅ No fee on foreign transactions

  • ✅ Accepted online

  • ❌ Sort code & account number included

CARD

  • Card application fee

  • Monthly service fee - Free

  • Annual service fee - Free

  • Card replacement fee - Free

  • Card cancellation fee - Free

  • Dormancy fee - £50 per month after 2 years unless at least one transaction is made within the 2 years 

Card fee notes: 

  • Card Application fee - £10+ VAT (£12 in total)

TRANSACTION FEES

  • Foreign transaction Fee - Free

  • Purchase fee - Free

  • Internet Purchase fee- 

Transaction fee notes:

A 1.5% foreign transaction fee applies when used in a currency other than: GBP, EUR, USD, CAD, AUD, NZD, DKK, HKD, NOK, PLN, ZAR, SEK, CHF, HUF, JPY

ATM WITHDRAWAL FEES

  • ATM withdrawal fee (UK)

  • ATM withdrawal fee (International) 

ATM withdrawal fee notes: 

  • UK ATM Withdrawal Fee - £1.50

  • International ATM Withdrawal Fee - £1.50

  • Check ATM’s for notices of any additional charges.

ELIGIBILITY

Great for

  • You must be 18 or over to apply

  • Companies have to be registered in the UK, but cards can be issued to staff worldwide

You are advised to check the lenders Terms & Conditions for information relating to interest rates, fees and charges.

Soldo

Soldo Pro

  • Annual fee

    Free

  • Transaction fee

    Free

  • UK ATM fee

    £2.00 1% of amount with minimum GBP 2.00

  • International ATM fee

    £2.00

  • Foreign transaction fee

    1.00%


Great for

  • Free deposits and withdrawals from domestic accounts
  • Mobile app and administrative web console
  • Spending controls for each user including limits, rules and budgets

But be aware that

  • Card foreign exchange transaction fee is 1.00% above the latest available interbank rate
  • £2 fee for ATM withdrawals in non-GBP based currencies. Account fee is £6 per month per card. Card replacement fee is £5. A new issued card is valid for 3 years
  • Subject to internal risk restrictions and to the costs and limits specified in the Fees and Limits Summary, the Account Holder may transfer money in and out from the Soldo account to/from a bank account held in the name of the Account Holder.
More Details

THE BASICS

  • Card issuer: MasterCard

  • Card type: MasterCard

  • The card is valid for 36 months

ACCOUNT FEATURES

Great for

  • Free deposits and withdrawals from domestic accounts 

  • Mobile app and administrative web console

  • Spending controls for each user including limits, rules and budgets

But be aware that

  • Card foreign exchange transaction fee is 1.00% above the latest available interbank rate

  • £2 fee for ATM withdrawals in non-GBP based currencies. Account fee is £6 per month per card. Card replacement fee is £5. A new issued card is valid for 3 years

  • Subject to internal risk restrictions and to the costs and limits specified in the Fees and Limits Summary, the Account Holder may transfer money in and out from the Soldo account to/from a bank account held in the name of the Account Holder.

BENEFITS

  • Online account management

  • 24 hour service

  • No fee on foreign transactions

  • Accepted online

  • Sort code & account number included

Benefits notes:

Soldo accounts come with an IBAN (sort code and account number) which enables free and instantaneous deposits to your Soldo account from a domestic bank account.

CARD

  • Card application fee

  • Monthly service fee

  • Annual service fee - Free

  • Card replacement fee

  • Card cancellation fee - Free

  • Dormancy fee - 

Card fee notes: 

  • £6 per card per month. £5 card issuance fee for each physical Soldo card you order (virtual cards cost £1 to issue, if you only need to make online purchases). Billing engine stops when account balance gets to zero

  • Card Application Fee - £5.00

  • Monthly Service Fee - £6.00

  • Card Replacement Fee - £5.00

TRANSACTION FEES

  • Foreign transaction Fee1.00%

  • Purchase fee - Free

  • Internet Purchase fee - Free 

Transaction fee notes:

Withdrawal via Bank Transfer International Payments - EUR/GBP/USD 16.00 

ATM WITHDRAWAL FEES

  • ATM withdrawal fee (UK) - 1% of amount with minimum GBP 2.00

  • ATM withdrawal fee (International) 

ATM withdrawal fee notes: 

  • Card denominated in GBP but withdrawal in other currency - 1% of exchanged currency amount (to GBP) with a minimum of GBP 2.00 

  • Card denominated in EUR with withdrawal in other currency - 1% of exchanged currency amount (to EUR) with a minimum of EU 2.00

  •  Card denominated in USD but withdrawal in other currency - 1% of exchanged currency amount (to USD) with a minimum of USD 2.00

ELIGIBILITY

Great for

  • You must be a registered business in the UK

You are advised to check the lenders Terms & Conditions for information relating to interest rates, fees and charges.



Prepaid cards are not eligible for protection under the Financial Services Compensation Scheme

Business prepaid cards 

Offering a convenient and secure alternative to paying by cash or debit or credit card, a prepaid card can be loaded with money in advance and then used to make purchases or withdraw cash from an ATM, just as you would with a credit or debit card.Unlike with a business credit card, however, you can only spend the amount that has been put on the card, making them ideal for budgeting.What's more, business prepaid cards don't require a credit check to be carried out – either on you or your employees.

Greater flexibility and control

Even if you issue business credit or debit cards to some people in your business, the number of cardholders is generally kept as low as possible.But this can be inconvenient, and in comparison, business prepaid cards allow you to issue a larger group of employees with the means to make business purchases, while limiting the sum of money they have access to.To help you do this, you'll have access to online spending reports and be able to arrange credit “top-ups” when needed. You'll also be able to decide how employees can use the cards – for example by banning cash machine withdrawals.

Easier expenses

Traditionally, employees who incur expenses such as those related to travel often have to use their own cash or cards to make the payment, before claiming the money back from the company.With a business prepaid card, however, the need to keep a wallet or purse full of receipts and make expense claims can become a thing of the past.

No credit checks

In contrast to business credit cards, prepaid cards do not require a credit check. You can't get into debt with a prepaid card, so acceptance is guaranteed so long as the card provider can verify your identity using your personal details.This keeps the application process simple and also means that businesses with short-term or seasonal employees who do not have bank accounts can pay them by loading their wages on to a prepaid card.

Lower charges

The cost of issuing employees with business prepaid cards will generally be lower than giving them business credit cards. But do look out for monthly fees, as well as charges for making purchases, withdrawing money and issuing a new card. 

Find the best deal

With MoneySuperMarket, you can compare and apply for a range of business prepaid cards with just a few clicks of your mouse. So take a look at our tables to ensure you're getting the right one for your particular needs.