Discussing the advantages of CJSC “ZEPTER BANK” Visa Business corporate payment card
Analyzing the benefits of CJSC “Zepter Bank” Visa Business corporate payment card from
“Today it is difficult to imagine a company or a private individual entrepreneur who would not want to control and optimize the costs associated with economic activities while preserving and multiplying the funds planned by the budget, for example, for the purchase of office equipment, stationery, software, fuels and lubricants, vehicle fleet repair and maintenance, purchase of airline tickets, booking and payment for hotels, car rental, etc. We are used to active communications, meetings and events involving representation allowance, business trips and foreign business trips still we don’t always remember that most of the business’s operating expenses can be paid with CJSC “Zepter Bank” Visa Business corporate payment card, ” said Tatyana Cherkasova, Head of the Department of Small and Medium Business and Corporate Sales of CJSC “Zepter Bank”.
Consider the benefits in detail:
Simple registration and release within one banking day will allow you to control and use funds from a separate current (settlement) account of the company, providing the authority to make payments on the Internet, to pay for goods, services, budget payments only to authorized representatives of the organization. You can reduce the number of payment instructions, cash transactions, trips, paperwork and other actions of employees of the organization related to the implementation of business activities.
If you want to open a corporate payment card to the current (settlement) or deposit (deposit) account of the organization (individual entrepreneur), then it will be a debit card and money on it can be used within the balance of the account. If the payment card is opened to the credit account, then the bank will set a credit limit (maximum amount of one-time debt).
More and more trade and service enterprises are offering their customers to use electronic forms of payment on the Internet or pay on the spot using payment equipment.
Pay Wave technology will provide maximum comfort in settlements at trade and service enterprises as payment can be made with one easy touch of the payment terminal.
Reliable protection 3D-Secure allows you to pay on the Internet budget, utilities and other payments for services and goods, including through the United Payment and Information Space system without worrying about unauthorized write-offs.
The possibility of round-the-clock calculations will allow you to quickly manage your business from anywhere in the world and devote more time to the primary tasks and goals of the organization.
Monitoring and tracking the balance with the help of SMS alerts will allow you to own information on the movement and balance of funds, track the date and time of each payment online, its amount, name of the recipient, calculate and plan the next payments within the balance of the current account. This function will also help in case of suspicious transactions to avoid fraud by third parties and to quickly block a payment card by instantly contacting customer support. We have also provided for the possibility of changing the PIN code for customers at bank ATMs.
Crediting funds is carried out without charging commissions and additional payments.
The client can independently adjust the amounts of funds available for use on his current account and plan future expenses.
Cash withdrawals at ATMs and cash desks (including exchange offices) of CJSC “Zepter Bank” are carried out without commissions and additional payments, 2.5% of the amount are withdrawn from ATM networks throughout the Republic of Belarus, 5% (minimum 5 BYN ) in a network of ATMs outside the Republic of Belarus.
Depending on the needs, funds can be used in both national and foreign currencies. Restrictions (limits) on cash withdrawals both in the Republic of Belarus and abroad are set by the organization itself or an individual entrepreneur. Here, I would like to remind you that only authorized persons (on the basis of a power of attorney) can manage the funds of the organization and / or individual entrepreneur on their accounts, and when withdrawing cash from an ATM from CJSC “Zepter Bank” Visa Business payment card one should remember allowed Legislation conditions (to control the purpose and amount of spent cash, regions and countries of card use, to provide supporting documents and reports), since the head of the legal entity / individual entrepreneur is liable for receiving, keeping and use of corporate payment cards.
The basic concepts of the operation of bank payment cards can be found in the Instruction on the procedure for transactions with bank payment cards dated January 18, 2013. No 34.
The main purposes for which a corporate bank payment card can be used:
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You invite a partner for a lunch or you have a business dinner in a restaurant, buy airline tickets or travel tickets, pay for a taxi or gas up a company car, order flowers at the office or buy new notebooks for employees, remember at home or in the hotel that tax has expired or duties - you can safely use a payment card in your calculations. A corporate card can pay utility bills and communications, fuels and lubricants, insurance, fees, advertising and other expenses permitted by law for the needs of the organization. Depending on which tax system the organization and / or individual entrepreneur apply, you will need to save checks, card checks and attach them to the report to the accountant; in some cases it is necessary to submit invoices, acts and strict reporting forms. I draw your attention to the fact that the holder of a corporate card cannot pay in cash in Belarusian rubles received using a corporate card for alcohol and tobacco.
One of the most important regulatory documents governing cash settlements is the Instruction on the procedure for cash transactions and the procedure for settlements in cash in Belarusian rubles on the territory of the Republic of Belarus dated March 29, 2011. No.107 with amendments.
If an employee, including chief executive received cash using a corporate card for a report on future expenses then the employee must no later than 3 working days after the expiration of the period for which they are issued submit to the accounting department a report on the spent amounts and return unused cash to the cash desk. Persons who received money using corporate cards for reporting future expenses are required no later than 15 business days from the date of payment in non-cash form, excluding the day of payment, or when making payment partially in non-cash form, partially in cash, excluding payment day, submit to the accounting report on the spent amounts. I draw your attention to the fact that legislation currently limits the amount of cash withdrawals by the holder of a corporate payment card in the territory of the Republic of Belarus - to withdraw cash in Belarusian rubles for settlements with organizations (individual entrepreneurs) for goods and services is allowed only in the amount determined by order of the head of the organization and / or individual entrepreneur (but not more than 100 base rate per day).
In order to ensure control over the movement of corporate cards it is advisable to include in the accounting policy of the organization a form for the register of issuing and returning corporate cards, where the card number, date and purpose of its issue, name and signature of the person who received the card are recorded. A trusted card holder (employee of the organization) can make cashless payments, withdraw cash, deposit cash; all operations are confirmed by a bank statement from the account of the organization and / or individual entrepreneur. It is forbidden to transfer a payment bank card or cash received under a report using a card to other persons.
CJSC “Zepter Bank” corporate payment card Visa Business is unnamed, it does not contain information about the holder, it can be issued to any employee of the organization.
Note to the accountant: the correspondence will be drawn up for the amounts written off on the card in accounting: D 71 “Settlements with accountable persons” - K 51 “Settlement accounts”. The issuance of an advance payment is reflected in accounting not upon the issuance of a corporate payment card to an employee, but upon the fact that the bank debited the funds in the account of the organization and / or individual entrepreneur. The exchange rate when accounting for cash flow in foreign currency on a corporate payment card is applied as of the date of actual crediting or debiting funds to / from the account to which the bank card is open. When withdrawing cash in foreign currency outside the Republic of Belarus from a corporate payment card opened to a current (settlement) account in Belarusian rubles, the payment will be carried out at the bank’s internal rate in Belarusian rubles. All expenses on the corporate payment card will be reflected in the bank statement to the account, so it will not be difficult for an accountant to compare transactions with an advance report of an employee.
Tangible savings when using CJSC “Zepter Bank” Visa Business corporate payment card and a lot of ways of its application are far from all the advantages. The bank accrues interest on a cash balance on a monthly basis (from 0.01% per annum), and trade and service companies around the world offer bonuses and discounts to Visa cardholders, hold promotions, sweepstakes, events, special programs that help to significantly save money and precious time, get privileges and become part of the global VISA payment network.
Laconic design and strict business style will not leave you indifferent and emphasize high status, modernity and practicality of its owner. We will be glad to see our dear customers as owners of CJSC “Zepter Bank” Visa Business corporate payment card!,” Tatyana Cherkasova finishes the story.