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Business

Prepaid business cards

published: 27 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

BENEFITS

  • Online account management

  • 24 hour service

  • 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 FEES

  • 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

Reload notes

  • Bank to bank transfer - Free

  • Payment link - Pay As You Go plan - 1%; Business plan - up to £200 per month, then 1% fee; Big Business plan - Unlimited 

  • QR code invoice - Free

  • Paypoint reload - Free

TRANSACTION FEES

  • Foreign transaction Fee - £5.00

  • 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) - £1.00

  • ATM withdrawal fee (International) - £1.00

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

  • 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

    BENEFITS

    • Online account management

    • 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 FEES

    • Card application fee - £55.00

    • Monthly service fee - £12.50

    • Annual service fee - Free

    • Card replacement fee - £3.95

    • Card cancellation fee - Free

    • Dormancy fee - 0 

    Reload notes: 

    Funds can be moved from your business account to your pre-paid card. Cash deposits in to the account are £2 + 0.75%, UK payments in to the account are 30p

    TRANSACTION FEES

    • Foreign transaction Fee - 2.75%

    • Purchase fee – n/a

    • Internet Purchase fee – n/a

    ATM WITHDRAWAL FEES

    • ATM withdrawal fee (UK) - £1.50

    • ATM withdrawal fee (International) - £3.00

    ATM withdrawal fee notes: 

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

    ELIGIBILITY

    • 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. FSCS protected up to £85,000
      • No credit check required. Simple instant online application, apply in minutes

      But be aware that

      • First 3 payments sent each month are free & £0.99 for every transfer thereafter. Card transactions in the UK are free
      • Additional charges apply for ATM withdrawals, International payments and other special services
      • Overdraft available subject to approval
      More Details

      THE BASICS

      • Card issuer: Advanced Payment Solutions Limited

      • Card type: MasterCard

      • The card is valid for 36 months

      BENEFITS

      • Online account management

      • 24 hour service

      • 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 FEES

      • Card application fee - £9.95

      • Monthly service fee - Free

      • Annual service fee - Free

      • Card replacement fee - £5.95

      • Card cancellation fee - Free

      • Dormancy fee - N/A

      Card fee notes: 

      • Card replacement fee - Free for the first three each calendar year; £5.95 thereafter

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

      RELOAD OPTIONS (Bank Deposit)

      • Debit Card - Free

      RELOAD OPTIONS (Online)

      • Cash - Free

      RELOAD OPTIONS (Post Office)

      • Cash - £3.00

      Reload notes:

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

      • A 0.5% fee will apply to the total amount deposited (£3 minimum 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) - £2.00

      • ATM withdrawal fee (International) - £3.00

      ATM withdrawal fee notes: 

      ELIGIBILITY

      • 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.

        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

        BENEFITS

        • Online account management

        • 24 hour service

        • No fee on foreign transactions

        • Accepted online

        CARD FEES

        • Card application fee - £12.00

        • 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 – n/a

        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) - £1.50

        • ATM withdrawal fee (International) - £1.50

        ATM withdrawal fee notes: 

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

        ELIGIBILITY

        • 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

          • 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. 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

          BENEFITS

          • Online account management

          • 24 hour service

          • 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 FEES

          • Card application fee - £5.00

          • Monthly service fee - £6.00

          • Annual service fee - Free

          • Card replacement fee - £6.00

          • Card cancellation fee - Free

          • Dormancy fee – n/a

          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).

          TRANSACTION FEES

          • Foreign transaction Fee - 1.00%

          • 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) - 1% of amount with minimum EUR/USD 2.00

          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

          • 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.