Mastercard Business Debit Card ideal for businesses for efficient control and tracking of business expenses, our Mastercard Business Debit can be used anywhere in the world.
Business will be issued with MVR Master Debit Cards and USD Master Debit cards. The cards will be linked to the business’ respective currency accounts.
All Business Shall submit documents required to a convenient Branch or Service Centre
No. If you are applying for a Business Debit Card, please complete all the original documents and submit them to the nearest BML branch or business center.
You can apply for a Business Debit Card at the time you open an account with the bank.
Business Debit Cards will be issued to the nominee authorized by the business. All businesses except sole proprietors will be required to appoint nominees to use Business Debit Cards and submit a board resolution in the format provided by the bank.
For sole proprietors, the card will be issued only to the owner.
Corporate cards are issued to nominated individuals of the business each with a different limit within the company limit. A business can request either an MVR card or a USD card. Each business will be issued one card to the nominee.
USD Corporate Credit Card holders can use up to the approved card limit without any foreign spending limit restriction
The limit of the card will be decided based on the profits disclosed on the financial statements of the business
By default, a Corporate Credit Card is a Rufiyaa Card, which means that the repayment can be made in MVR. However, customers can request for a US Dollar Card to which repayment has to be made only in USD. Bank issues a Visa Gold Card as Corporate Credit Card
A new business can be issued with a cash-backed card holding 110% of the required card limit.
A checklist of documents required are included on the application form.
A rollover interest of 2.65% per month is charged on the outstanding balance which remains unpaid from previous months bill as per schedule of charges published.
Corporate Credit Card will be issued to the nominee authorized by the business. All businesses except sole proprietors will be required to appoint nominees to use business debit cards and submit a board resolution in the format provided by the Bank at the time of application.
For sole proprietors, the card will be issued only to the owner.
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