As a Business account holder, you can issue department cards that let your departments manage purchases and subscriptions within set limits and restrictions.
Key Features of Department Cards:
- Shared Access:
- Every member of a department can use the department card.
- Makes managing shared expenses simple and efficient.
- Virtual-Only Cards:
- Department cards are virtual cards for online transactions only.
- Customizable Settings:
- Set spending limits for transactions.
- Limit card usage to approved merchants.
- Control fund transfer permissions for team members.
Benefits:
Department cards make team spending easier by enabling collaborative financial management. You, as the account owner, maintain complete oversight while ensuring transparency and accountability.