CashPlus Business Banking Solutions

Business Account Alternative

Cashplus helps to take the complication of high-street banks out of customer’s life, offering solutions which are more adaptive to the current users needs along with offering features of a traditional business account, thereby, enabling the users to lay emphasis on the core activities such as growing/expanding the business. Whether customers are considering a substitute to a partnership bank account, a limited company bank account or a partnership account, Cashplus ensures that customers will appreciate the value for money it offers. Customers will be able to receive and make payments in numerous ways and they be entitled for some additional benefits such as online banking, MasterCard, credit/debit card services.

Business Expense Cards

Whether its travel, employee or office expenses, Cashplus’ Expense Card is the most suitable low-cost way to keep control of employee spending and settle expenses. The card is suitable for small-businesses as High street banks are often seen restraining SMEs, and not providing the adequate service required. A business expense card is a protected, low-cost substitute to corporate credit cards. Whether a business is seeking to replace petty cash or has staff claiming expenses, the Cashplus Business Expense Card is an ultimate solution for organisations. The Expense Card can be used for petty cash expenses, company purchases, and all vehicle and staff expenses. The card also offers a simple solution for cash pay-out across multi-site organisations. Key features include:

  • Control employee expenses
  • Full fraud and purchase protection
  • Manage cards online or via the mobile app
  • Simple expense settlement – automated daily bank feed of all transactions into the company’s accounting software

Key benefits to the business include the following:

  • Elimination of costly petty cash processing
  • Low-cost solution – easy to add supplementary cardholders
  • No credit risk – employees can only spend what is credited onto the card
  • Decrease in exposure to expense fraud
  • Streamlines accounting reconciliations – can export electronic transaction reporting

Low-cost Fuel Card Alternative

Cashplus Business Expense Card permits users to manage their fuel expenses successfully. As users of the card are only able to spend what has been credit onto the card, it ensures that the office employees will only spend what they have been allocated to on their individual card account. This card is an effective way to manage the road expenses. Special Fuel Card services offer cashback up to 0.5% on all qualifying card spend. Other benefits include:

  • It is hassle free and safe to carry
  • It only takes 5 minutes to apply
  • No interview or credit check required to apply
  • Card is suitable for any size business
  • Cut cost and time while managing business spending
  • Manage driver and employee expenditure

    • Decrease employee and administration fraud
    • Instant funds to drivers and employees
    • Manage individual card balances
    • Track, spend and block cards online 24/7
  • Low Cost

    • Annual fee of £69 for the card account
    • Add more cards for a one off fee of £5.95
    • No charge for UK purchase transactions
    • Earn 0.5% cashback on all qualifying card spend

Prepaid Travel Cards Print

For individuals who travel often, Cashplus offers travel cards in two denominations: US Dollars and Euros. Both the denomination cards offer the similar money-saving features which can be used to make transactions in the similar currency as the card. Key benefits include:

  • Highly economical exchange rates
  • No additional monthly fee
  • Free withdrawals from automated teller machine (ATMs) and procurements made in the card’s currency (that means transactions in Euro currency made in the Euros zone and transactions in US Dollar made in Dollars)
  • The card can be used wherever MasterCard is accepted
  • The card comes with PIN and Chip protection
  • Provision to get it re-issued, if stolen or lost

Cashplus prepaid travel cards are used connected to the United Kingdom Cashplus prepaid Gold MasterCard card account, hence users can move funds onto the card with a few clicks through its secure ‘Online Servicing’. This means travellers can easily manage the amount they wish to spend on a trip without exceeding their budget. However, in case additional currency is required in an emergency, users can swiftly transfer additional money onto their prepaid travel card.

Cashplus Euro Travel Money Card

Customers can save a huge amount of money as the card offers highly economical exchange rates, free Euro withdrawals from ATMs within the Eurozone, customers are not charged any additional purchase transaction fees when they make the payment in Euros with the card, and no extra monthly fee. With digital transaction available, it is advisable not to carry large amount of cash – use the Cashplus Euro travel card and make life simpler. Existing customers can easily get their Euro Travel Money Card by following the below mentioned steps:

  • Login to Online Servicing
  • Click on the ‘Foreign Currency Card’ button
  • Approve personal details
  • Choose ‘Euro card’
  • New Euro Card will be with the customer in 3-5 working days

Transfer currency in Pound to Euros in ‘Online Servicing’ by following the below mentioned steps:

  • Login to ‘Online Servicing’ and choose ‘Foreign Currency Card’
  • Once the amount is exchanged, it’s usually available within 30 minutes
  • Customers can top up to €5,000, and can even transfer the remaining amount money back to GBP

Cashplus Dollar Holiday Card

If customers previously have a Cashplus prepaid Gold MasterCard, they can swiftly sign-up for Cashplus’ US Dollar Currency travel Card and this card is beneficial if an individual is travelling to the USA as it’s simple to load the load onto the card and offers a great exchange rate. Advantages of the card encompass highly economical exchange rates, free $ withdrawals from ATMs within the USA, customers are not charged any additional purchase transaction fees when they make the payment in $ with the card, and no extra monthly fee. Existing customers can easily get their US $ Travel Money Card by following the below mentioned steps:

  • Login to Online Servicing
  • Click on the ‘Foreign Currency Card’ button
  • Approve personal details
  • Choose ‘US $ card’
  • New Dollar Card will be with the customer in 3-5 working days

Transfer currency in Pound to US Dollars in ‘Online Servicing’ by following the below mentioned steps:

  • Login to ‘Online Servicing’ and choose ‘Foreign Currency Card’
  • Once the amount is exchanged, it’s usually available within 30 minutes
  • Customers can top up to $7,500, and can even transfer the remaining amount money back to GBP

Public Sector Solutions

On Nov-10, APS and Co-operative Bank signed a partnership to offer prepaid card service for public sector organisations. Through the agreement, customer could choose from alternative methods of payment to traditional cheque issuing for social care, benefits, and localised petty cash. This economical system – predominantly imperative for organisations looking to take full advantage of money and time in the economic downturn – permits stress-free and speedier management of expenditure through a more translucent and malleable payment method. According to Rich Wagner, CEO of APS “This custom-made method of sending and receiving payments is a great substitute to cash payments to decreased cost and this should improve expense management for public sector organisations”. The partnership between Co-operative bank and APS builds on a prevailing five-year association between the APS, Co-operative Bank, and the Post Office to permit small businesses, individuals, and local authorities to add money to the prepaid cards at the Post Office.

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