How does the Business Check Card work and where can it be used?

The Business Check Card is a card that works like a check. It can be used at any of the merchants worldwide that accept MasterCard®.

At stores, restaurants, hotels, gas stations and other MasterCard merchants, it works like a check and purchases are deducted right from the checking account associated with the card.

Please be aware that some merchants pre-authorize transactions for a higher amount than expected to assure funds are available for adding a tip, using hotel room service, extending a stay or other such incidentals. A hold for the pre-authorized amount is temporarily placed on the checking account until the final transaction is paid (usually within 3 business days). The dollar amount of the hold will not be available for use in other transactions until final settlement of the transaction occurs, at which time, in most cases, the hold will be released and the transaction will post to the account.

On special request, the Business Check Card can be customized to allow use at ATMs and other locations to get cash and perform additional types of transactions by using a PIN. For more information, contact Customer Service.

How are Business Check Card purchases tracked?

A receipt will be provided, just like a cash, check or credit card transaction, every time the card is used. All of the Business Check Card transactions will appear on the monthly bank account statement, in Bank OnLine and on Bank-By-Phone. Bank OnLine is an excellent way to see Check Card transactions, including holds placed on funds for transactions which have not yet reached final settlement.

Is the Business Check Card safe?

Yes. The Business Check Card can be replaced if it is lost or stolen. MasterCard also provides liability protection from certain kinds of employee misuse.

The Business Check Card has a MasterCard symbol on it, but it's not a credit card, right?

The Business Check Card is not a credit card. Although it is accepted by merchants just like any other MasterCard, the amount of the purchase is always deducted directly from the checking account associated with the card, so there is no finance charge or bill at the end of the month.

What are the Business Check Card daily limits?

The standard Business Check Card limits allow puchases up to $1500 on a daily basis, as long as the funds are available in the checking account associated with the card. Limits can be customized, however, for each cardholder. Contact Customer Service for more information on customizable limits.

Can the Business Check Card access overdraft protection?

Some types of overdraft protection can be accessed by using the Business Check Card at ATMs (if ATM access is set up on the card), in point-of-sale (POS) transactions and through other electronic means, up to established daily limits. If the checking account associated with your Business Check Card has overdraft protection, contact Customer Service or a Personal Banker for the details.

Who can get the Business Check Card?

The card can be issued to any employee within a company, so long as the person(s) authorized to sign on the checking account associated with the card have signed the card application. There is no limit to the number of cards that can be issued to any given company.

Which of the company's checking accounts will be associated with the Business Check Card?

The card can be associated with any checking account the company desires. At the time of application for cards, the company will provide the number of the account where they want the card(s) linked.

Where can more information about the Business Check Card be obtained?

Call Customer Service at (361) 992-9911 in Corpus Christi or toll-free at (800) 257-8316.