Prepaid business cards
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.
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.