Prepaid Business Accounts - Alternative to High St Banking

Cashplus Business

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Application Fees£29.99
Transaction FeesFree
Monthly FeesFree
ATM Charges£0.99 in UK - £3.00 using abroad per ATM
Top Up FeesFree

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CaxtonFX Business Card

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Application FeesFree
Transaction Fees1.50 UK - EU Free
Monthly FeesFree
ATM Charges1.50
Top Up FeesFree

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Soldo Business Account

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Application Fees£5
Transaction FeesFree
Monthly Fees£5
ATM Charges£1.00 in UK - £2.00 abroad
Top Up FeesFree

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FairFX Business Card

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Application Fees£10 or Rebate Code: a6wsr
Transaction FeesFree
Monthly FeesFree
ATM Charges£1.50
Top Up FeesFree

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Card One Banking Account

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Application FeesFree subject to £12.50 load
Transaction FeesFree - £1.50
Monthly FeesFree£12.50
ATM Charges£1.00 in UK - £3.00 abroad
Top Up FeesFree up to £2.00

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Prepaid business accounts are an alternative to High St Banking. With raised limits now exceeding £100,000. You can open a guaranteed bank account for your business today.

What can a Business Prepaid Card do for my Business?

Having a business prepaid credit card account can make your business run smoothly. And provide additional support to business life. If used properly could save you time which is the most important factor in any business.

It is like having another account employee that deals with all the little purchases you need to make on a monthly basis and more importantly separating your personal banking cards from your business prepaid cards as this can cause a strain on your personal credit facility.
Above we have listed one of the business credit cards that offer cashback that can save and earn you money when using your prepaid business card.  Check assistance for your business? Invited to look through the various card offers on this website.

Once you have secured a prepaid card account for your business, you'll wonder how you ever managed without it. It can help you in almost every area of running your business from accounting to travel arrangements and pay or receive payments.

Your Prepaid Business Accounts card is also extremely handy when you need to respond quickly to an unexpected opportunity or situation.

Do I need to have a Business account with the bank?

This depends on the issuing bank. Some issuers require you to pay an application fee with them in order to be eligible for you to have Prepaid Business Accounts account. Whereas some banks do not but there is no guarantee you can get a Business banking service. Please read the terms and conditions carefully before you apply.

Prepaid Business Accounts

Reduce financial management restraints

By providing your staff with business prepaid cards you can minimise the number of cheques your business raises and the needs to have petty cash on your premises. In addition, it also replaces the need to organise traveller's cheques and foreign currency when staff are travelling abroad.
They can prove to be effective tools in minimising administration and the time spent reconciling expenses. They can also help you with future budgeting and forecasting.

Protection

Prepaid Business Accounts with no liability clauses. For fraudulent use of your cards if they are lost or stolen providing you notify the issuer. Some business credit card providers online guarantee; with more business travellers booking travel online, this guarantee can cover the business for any unauthorised e-commerce transactions.

Basic Differences Between business Credit Cards And Debit Cards. Debit card holders and credit card holders can probably become a way of classifying people on the basis of choices. Just like do you support Chelsae or Liverpool (football teams), are you Conservative Party supporter or Labour, do you like rock or classical music. Similarly, do you use a credit card or a debit card? There exists a sea of a difference between debit cards and credit cards. Both have their own set rewards and shortcoming.

This article is aimed at those greenhorns yet to join either of the two clubs. So if new and confused? Read on for a comprehensive understanding of the advantages and disadvantages of the two kinds of cards. We must put a disclaimer here, that if any debit card holder hops into the credit card cartel or vice versa, after reading this article, then it is the unintentional and sole choice of the user him/herself. So now read on.

Business Prepaid Cards

Which prepaid account should I open?
Credit cards and debit cards the world today calls plastic money. Which can make the paper money obsolete in future. Without a note in a wallet and yet carry 1000 pounds. Both the cards are issued by your banks.

Debit cards let you spend as much amount as there is in your account at the moment. Swipe it at restaurants, malls, wherever and the amount will be directly deducted from your account and transferred.

They are usually being provided for free these days as soon as you open an account in any bank, along with your chequebook and they also function as your ATM cards. There is mostly no separate application process for it. Open an account anytime ability to demand one once fee paid, without any hassle.

Online banking and mobile app services
Credit cards enable you to spend more than there is in your account. The bank will pay on your behalf, which you can pay back to the bank later. Though you will have a credit limit, as to what is the maximum amount you can spend using your card. Also one needs to apply separately to them.

Then the bank does an inspection of your income and expenditure history and gives you a credit score. This score measured how reliable credit from the bank. Done because the bank to ensures payment can be met. Or the capacity to return any outstanding balance. Otherwise, the banks incur a loss.

So now that you are capable of informed choice, you are ready to join the club of Prepaid Business Accounts!

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