Has the bank told you that the rules about branch cards have been changed? In any case, the bank’s rules are clear: a debit card is always personal. This is why it is a hassle to issue debit cards to teams or employees.
Sometimes you can get a debit card without a bank account or credit. But this type of anonymous prepaid card is extremely limited in use. Every employee who uses the debit cards will have to be verified by the bank. Unfortunately, this involves a lot of paperwork.
The branch card
Previously, the office debit card (branch card) could be used as an anonymous payment card. Practical, because organizations regularly have employees who are paying for small expenses while they do not have a business payment card. The fact that they used the branch card for business expenses means that there was no need for cash advances.
Justifications were not necessary either. The fact that a bank card always needs to be assigned to a person makes it difficult. The best advantage of the office debit card or branch card was that employees could use the card anonymously. With a SimpledCard anonymous prepaid payment card this is also possible.
Prepaid debit card for business expenses
SimpledCard payment cards can be used as anonymous prepaid cards. You can assign them to individuals, teams or departments. You issue and activate the cards yourself from your own stock and then hand them over to a team.
The anonymous prepaid card can easily be reassigned to a person, team or department.
Part of the expense management process
SimpledCard offers a bank-independent solution for all employee spending. Which can serve as a replacement for the branch card. It is the way to solve all the hassle with petty cash and expense claims, user-friendly and safe.
Even the processing in the financial administration is fully automated in line with the obligations of the accountant. SimpledCard not only replaces the
branch card, but also all cash flows. So that you can eliminate all cash and work cashless.
The monthly cost of SimpledCard depends on the use and the necessary functionalities. In order to use SimpledCard as effectively as possible for your organization, we would like to discuss how the current payment and expense management process at your organization is set up.
Anonymous prepaid card vs. anonymous bank account
For some organizations, it is difficult to open a bank account. Many banks have a strict acceptance policy.
In the past, a so-called anonymous bank account was used. An anonymous bank account was then opened by number instead of by name. Such anonymous accounts may no longer be offered by amended legislation.
An anonymous prepaid card as we know it today is different from an anonymous bank account. To apply for an anonymous prepaid card with SimpledCard, a bank account in the name of the organization is always required.