Debit cards for small businesses

What are business debit cards?

Business debit cards are payment cards issued by banks or financial organizations specifically for business use. They are linked to a business bank account and allow businesses to make purchases, withdraw cash, and manage expenses using funds from their business accounts.

Here are some key features of business debit cards in the UK:

1. Employee Cards. Some banks offer the option to issue multiple debit cards linked to the same business account, allowing employees to make purchases on behalf of the company. Business owners can set spending limits and monitor transactions made by employees using these cards.
2. Expense Tracking. Many business debit cards offer features such as online account access and transaction tracking, allowing businesses to monitor spending, categorize expenses, and generate reports for accounting purposes.
3. Linked to Business Account. Business debit cards are directly linked to the company's business bank account. Transactions made using the card are deducted directly from the business's available funds.
4. Separate from Personal Finances. Business debit cards are distinct from personal debit cards and are intended solely for business-related expenses. This helps keep personal and business finances separate, which is essential for accounting, tax purposes, and financial management. 

You can also place free funds on a savings account.

Calculate your future income on a savings account (example): 

Are there Visa business debit cards in the UK?

Yes, Visa offers a range of business debit card options that are specifically designed to meet the needs of businesses, including small businesses, medium-sized enterprises, and larger corporations. These Visa business prepaid debit cards provide convenient access to funds from the company's business account and offer various features and benefits tailored to business needs.

How do I activate my business debit card?

To activate your business debit card in Britain, you typically have a few options depending on the bank or financial organization that issued the card:

1. Check for Activation Instructions. When you receive your business debit card, it may come with instructions on how to activate it. These instructions may be provided in a welcome letter accompanying the card or printed on the card itself.
2. Activate Online. Many banks offer online or mobile banking platforms where you can activate your debit card quickly and conveniently. Log in to your online banking account or mobile banking app and look for an option to activate your new card. Follow the prompts and provide any required information, such as your card number and security code, to complete the activation process.
3. Activate by Phone. Alternatively, you can activate your business debit card by calling the bank's customer service number. This number is usually provided on the sticker affixed to the front of the card or on the bank's website. Follow the automated prompts or speak to a customer service representative to activate your card over the phone. You may need to provide your card number and other identifying information for security purposes.
4. Activate at a Branch. Some banks may allow you to activate your business debit card in person at a branch location. Bring your card and a valid form of identification (e.g., passport, driver's license) to the branch, and a bank representative can assist you with the activation process.
5. Follow Additional Instructions. Depending on the bank's procedures, there may be additional steps or requirements for activating your business debit card. Be sure to carefully read any activation instructions provided by the bank and follow them accordingly.

Once your business prepaid debit card is activated, you can start using it to make purchases, withdraw cash, and manage your business finances.

What is a PayPal debit business card?

A PayPal Business Debit Card is a payment card linked to your PayPal Business account, allowing you to directly access the funds in your PayPal account. The PayPal Business Debit Card has the same features as a regular debit card. That is, you can use it to pay for purchases, withdraw cash from ATMs, etc.

See the similar FAQ about the UK banks: 

• Bank of Ireland corporate banking
• Bank of Ireland keycode app
• Business banking from Bank of Ireland
• Can you pay HSBC cheques in at the post office?
• Clydesdale Bank - how do I switch my account?

Details of companies offering the financial services:

Bank of Scotland

Head office’s address: The Mound, Edinburgh EH1 1YZ

Phone: +44 (034) 5721 31 41

Web-site: http://www.bankofscotland.co.uk/

Swift code: BOFSGB31

Reference number: 169628

Stock code: 0076540

ABN: SC327000

BSB: BOFS

Barclays Bank

Head office’s address: 1 Churchill Place, London E14 5HP

Contact center: 0800-400-100

Phone: +44 (034) 5734 53 45

Web-site: http://www.barclays.co.uk/

Swift code: BARCGB33

Reference number: 122702

Stock code: BARC

ABN: 01026167

BSB: BARC

Cashplus Bank

Head office’s address: Cottons Centre, Cottons Lane

Contact center: 0330-024-0924

Web-site: https://www.cashplus.com/

EasyFX

Head office’s address: 32-38 Dukes Pl, London EC3A 7LP

Contact center: +44 20 7959-6995

Web-site: https://www.easyfx.com/

Equals Money

Head office’s address: London

Web-site: https://equalsmoney.com/

HSBC Bank

Head office’s address: Unit 8, Canada Square, Retail, London E14 5AH

Phone: +44 345 740 4404

Web-site: https://www.hsbc.co.uk/

Swift code: HBUKGB4B

Reference number: 114216

Stock code: HSBA

ABN: 00014259

BSB: HBUK

Lloyds Bank

Head office’s address: 25 Gresham Street, London EC2V 7HN

Contact center: 0345-300-0000

Web-site: https://www.lloydsbank.com/

Swift code: LBGTGB22

Reference number: 119278

Stock code: LLOY

ABN: 00002065

BSB: LBGT

Monzo Bank

Head office’s address: Broadwalk House, 5 Appold St, London EC2A 2AG

Contact center: 0800 802 1281

Phone: +44 20 3872-0620

Web-site: https://monzo.com/

NatWest Bank

Head office’s address: 250 Bishopsgate, London, EC2M 4AA

Contact center: 0800-88-11-77

Phone: +44 345 788 8444

Web-site: https://www.natwest.com/

Swift code: NWBKGB2

Reference number: 121878

Stock code: GBP1

ABN: 00929027

BSB: NWBK

Payhawk

Head office’s address: 1, Waterhouse Square, WeWork, London EC1N 2ST

Phone: +44 20-3318-2561

Web-site: https://payhawk.com/

PayPal

Head office’s address: London

Web-site: https://www.paypal.com/

Pleo

Head office’s address: Techspace Shoreditch South, 32-38 Scrutton street, 1st floor, rear unit

Web-site: https://www.pleo.io/en

Revolut UK

Head office’s address: London

Web-site: https://www.revolut.com/

Royal Bank of Scotland

Head office’s address: 36 St Andrew Square, Edinburgh, EH2 2YB

Contact center: 0345-600-2230

Phone: +44 (070) 3597-88-42

Web-site: https://www.rbs.co.uk/

Swift code: ROYCGB2LCLS

Stock code: NWG

ABN: BR000548

BSB: ROYC

Santander

Head office’s address: 2 Triton Square, Regent's Place, London, NW1 3AN

Contact center: 0800-389-7000

Web-site: http://www.santander.co.uk/

Swift code: ABBYGB3E

Reference number: 106054

ABN: 02294747

BSB: ABBY

Soldo

Head office’s address: North West House, 119 Marylebone Rd, London

Web-site: https://www.soldo.com/en-gb/

TSB

Head office’s address: Henry Duncan House, 120 George Street, Edinburgh EH2 4LH

Phone: +44 (034) 5975 87 58

Web-site: http://www.tsb.co.uk

Swift code: TSBSGB2A

Reference number: 119278

Stock code: 94AQ

ABN: SC095237

BSB: TSBS

Wallester

Head office’s address: London

Web-site: https://wallester.com/

Wise

Head office’s address: London

Web-site: https://wise.com/