Corporate Card - Virent Global Bank

BUSINESS EXPENSES

A structured way to manage business spending

Corporate card solutions can help eligible organisations separate business expenditure, set internal controls, streamline approved purchasing, and improve expense visibility. Availability, limits, fees, and controls depend on the approved business arrangement.

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AT A GLANCE

What you can expect

Business expense separation
Cardholder and limit controls
Centralised transaction visibility
Support for expense reconciliation

HOW WE CAN HELP

Practical support, clearly explained

Every request is considered on its individual circumstances, applicable criteria, and the information available at the time of assessment.

Controlled Spending

Set approved cardholder access and spending parameters consistent with the organisation’s internal policies.

Clearer Reconciliation

Centralised transaction information can support faster coding, review, and reconciliation of approved business expenses.

Security Controls

Authorised use, prompt card blocking, transaction monitoring, and strong internal approval procedures help reduce misuse risk.

PROCESS

What happens next

1
Define who needs a card and the legitimate business purposes for use.
2
Establish internal approval, spending, receipt, and reconciliation policies.
3
Apply with the required business and authorised-person information.
4
Review activity regularly and report lost cards or suspicious transactions promptly.

BE PREPARED

Information commonly requested

Business registration and ownership details
Authorised officer and cardholder information
Expected spend and usage profile
Internal expense and approval requirements

Exact requirements vary by product, customer type, jurisdiction, purpose, and assessment. Additional information may be requested.

COMMON QUESTIONS

Helpful answers before you start

For product-specific pricing, eligibility, contractual terms, or a decision on an application, contact us directly.

Can individual employees receive cards?

Approved organisations may be able to nominate authorised cardholders subject to the facility terms and limits.

Can spending limits be controlled?

Available control features depend on the corporate card arrangement and system capabilities.

What happens if a card is lost?

Report the loss immediately through the official card or banking support channel so appropriate action can be taken.