SunTrust Commercial Prepaid Cards combine the simplicity of cash with the convenience and security of a debit card. They can be a useful part of your card program mix and are an ideal complement to Purchasing Cards and Corporate Cards. And they offer an ideal way to reward employees and customers while giving you a controlled way to distribute funds.
- Pick the dollar amount and design, which can include your corporate logo.
- Pay sales incentives, employee bonuses and more
- Provide rebates or refunds
- Shop for supplies
- Pay for travel expenses
- Control spending with daily use limits
- Customer loyalty programs
- Trade incentives for sales teams and distributors
- General disbursements such as grants, stipends, relocation expenses, and tuition reimbursement
A flexible card solution that gives you a fast, easy and controlled way to distribute funds, while giving recipients the convenience of making purchases at any merchant that accepts debit cards. Designed to meet both one–time and recurring payment needs, our Commercial Prepaid Cards can also be used to make routine purchases like office supplies or for travel expenses. Additionally, we offer customization options that allow you to add your company logo or marketing messages.
Commercial Prepaid Cards provide more safety than cash and more flexibility than gift certificates or store–branded gift cards. Additionally, they eliminate the need for manual reconciliation of lost, stolen or uncashed checks and provide enhanced risk control. For cardholders, Commercial Prepaid Cards provide 100% protection from theft or fraud with a Zero Liability Guarantee, and at the same time gives them access to around–the–clock customer service — freeing your staff from having to handle service requests.
Non-reloadable prepaid cards: Range in values from $25 to $500 and can be used for signature-based debit transactions. One-time-use cards are available in quantities of 21 or more. They are designed to be funded only once and discarded after use and are most appropriate for rebates, refunds, bonuses and other one-time incentives.
Reloadable prepaid cards: Provide an ongoing payment solution. You can fund cards with a balance of up to $8,000 per consumer card or $25,000 for commercial cards, set daily spending limits and replenish funds electronically any time. The cards can be used for multiple signature-based debit transactions, as well as for ATM cash withdrawals with a secure PIN.
- Both cards arrive in five to 10 business days and can be customized with your company logo or marketing messages to help promote awareness of your company.