Financial Services > Business Loans > Business Debit Cards
Debit-cards are the most straightforward cards to use and are issued in conjunction with a business bank account. They act as a substitute for cheques , rather than allowing a period of interest free credit, payments are deducted immediately from the bank balance. Spending is limited by available funds and only business account signatories can use these cards.
A debit card can save the business money by cutting down on bank charges for cheques. Many business owners hold one in conjunction with a company credit card. When choosing debit cards the interest rate - usually expressed as the annual percentage rate (APR) - should be compared. The length of any interest-free period is also an important factor.
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