6 Best Business Prepaid Cards for 2023

You can add or transfer funds to your Bento account through the following:

• Bento transfer: Once your card is linked to your business bank account, you can transfer funds from the bank account to your Bento account online. To complete a Bento transfer:
  • Click the “Bento Transfer” on the Funds tab, then enter your desired transfer amount.
  • Click the “Add Funds” button to initiate a transfer from your linked bank account into your Bento account.

• Automatic deposits via Bento transfer: You can also schedule reloads on a daily, weekly, or monthly basis. Plus, you can set up a low-balance reload to initiate a funds transfer once your Bento card’s balance meets the threshold.
  • To schedule an automatic deposit, log on to your Bento online account, click “Schedule Reload” from the Funds tab, and enter the desired deposit amount.
  • To set up an automatic low-balance reload, click “Low-balance Reload” from the Funds tab, set a balance threshold, and enter your desired deposit amount.

• Bank transfer: You can initiate a funds transfer via your bank’s ACH transfer service. Your bank may offer this option through their website, phone, or in-branch services.
  • Select “Bank Transfer” from the Funds tab, then note the banking information provided.
  • Contact your bank to process an ACH transfer using the provided banking information.
  • Your bank will process the transfer, and your funds will be available within one to two business days.

• Wire transfer: You can also transfer funds through your bank’s wire transfer service.
  • Select “Wire Transfer” from the Funds tab and note the banking information provided.
  • Contact your bank to initiate a wire transfer using the banking information.
  • Your bank will process the wire transfer, and funds will typically be available the same or next business day.

With Bento for Business Visa® Debit Card, you can activate or deactivate the card or your employees’ cards anytime online. You can also set up flexible spending amounts, limit spending to work days only, and restrict merchant categories. Plus, it lets you activate international use only when needed and allows online and telephone purchasing.

You can take advantage of real-time visibility into your transactions. Additionally, you’ll see an overview of your cash flow, allowing you to manage your budget effectively.

Bento is integrated with a variety of accounting software, including QuickBooks, FreshBooks, Oracle, and Xero. Plus, you can check the transactions page using two different views: the simple reporting view shows the basic information, while the accounting-focused view allows for enhanced functionality.

Bento features Bento Pay™, which lets you pay invoices digitally using only your vendors’ email addresses. Vendors don’t need to sign-up for Bento—plus, they can choose when and how they get paid. This feature allows business owners to send B2B payments at any time while tracking all payments and payees in one place.

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To fund your PEX account, you can transfer directly from the bank account through online funds transfer, ACH credit, and outgoing ACH transfer. You may also add funds to your PEX account through a wire transfer from your business checking account or initiate a debit of the funds from your bank account via the PEX ACH Service. Most banks typically take around one to two business days to completely process the fund transfer; however, this may also vary from bank to bank.

You can track your company spending anywhere because PEX reports transactions in real-time. Cardholders can submit receipts and accounting codes through a mobile app, while administrators can manage card restrictions online or via mobile app.

With PEX Prepaid Business Card, you have the option to use physical or virtual cards. You can distribute physical cards to employees and use virtual cards for online purchases and subscriptions.

You can integrate your PEX account with QuickBooks and other major accounting software to provide an automated payment platform based on your needs.

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dash^TM features the “Company Vault,” which is where your company’s funds are securely stored. To deposit funds into it, you need to add your checking or savings account as a funding source to dash^TM. Then, you can transfer funds quickly and securely online when your balance gets low.

Team members can request funds by simply entering an amount and providing a description or reason for the request. The account administrators will receive the request and review it for approval. This feature allows you to approve or reject expenses before they happen. If you approve the request, the funds will be available on the team member’s card. You can also set limits per employee to allow automatic approval if the load requests are just within their limit.

Every transaction is captured in the dash^TM app with the merchant’s name, category, and date of purchase. Users can add additional expense details, such as expense categories, receipt photos, and purchase details.

With daily summaries, you will stay on top of transactions, card balances, and deposits via email or text. You can also opt for push notifications with every transaction for real-time reporting. In addition, you can be notified when the company vault’s account balance is low.

Company owners have full control over the company’s funds by adding team members, approving requests remotely, removing funds, and suspending users. All of these can be done via the dash^TM app.

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There are several ways to load funds onto the Netspend Prepaid Debit Card:

• Direct deposit (ACH deposit)
• Cash reload at a Netspend reload network location (subject to reload fees up to $3.95)
• Bank account transfer from any U.S. bank account
• PayPal
• Transfer money from another debit or credit card
• Tax refunds via direct deposit to your Netspend card account

Through the Netspend mobile app, you can fund your Netspend prepaid account with your checks using your phone. To do this, make sure to download the latest version of the mobile app, select “Mobile Check Load” from the menu to the left, and then follow the instructions provided.

You can get notified of your transactions with Netspend’s Anytime Alerts feature, which will notify you through text and email. Plus, you can manage your preferences to only receive the alerts that are important to you and customize how often you want to get notified. Alerts can be sent daily, weekly, or with each individual transaction—including transaction details, deposits, declined transactions, spending limits, and available funds.

The Netspend Prepaid Debit Card allows you to manage your account online—you can see your transaction details, set up direct deposit, and activate your payback rewards. It also offers online budgeting tools that allow you to set spending limits and set up Anytime Alerts™ to get notifications when you almost reach your limits.

Netspend Payback Rewards lets you earn cash back on some of your everyday purchases. This offer is personalized based on your spending habits, and the rewards that you redeem will be automatically credited to your account at the end of the following month.

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You can add money to your Brink’s Money Prepaid Mastercard through any of the following:

• Brink’s Transfer: You can load your Brink’s account by navigating to the Funds tab on your mobile app. Then, click the Brink’s transfer icon, enter the amount, and select “add fund.” The maximum deposit limit is $10,000 per day. Funds transfers may take up to three business days.
• Automatic Deposit via Brink’s Transfer: You can schedule a reload daily, weekly, or monthly. Just go to the Funds tab, click “Scheduled Reload,” enter the amount of your desired deposit and its frequency, and save the transaction. Additionally, you can schedule an automatic reload if your account balance meets a certain threshold. To do this, go to the Funds tab, click “Low-Balance Reload,” enter the desired deposit amount, set the balance threshold, and save the transaction.
• Bank Transfer: You can transfer funds from your bank through ACH transfer. Your funds will be available in your Brink’s account within one to two business days, but some banks offer same-day ACH functionality.
• Wire Transfer: You can contact your bank to initiate a wire transfer. Funds are usually available the same day or the next banking day when transferred through wire.

You will have access to a centralized dashboard, so you can track top-spending employee cards and detect suspicious transactions. It also allows you to monitor expenses by spend categories, employee cards, and date ranges.

With automatic transfers, you don’t need to worry about having a low card balance. You can schedule reloads to your Brink’s account at a specific frequency (daily, weekly, or monthly) or when your available balance reaches a certain threshold.

You can opt to receive real-time alerts for any potential fraud activity and turn any card off if used outside of your expense policy. Plus, you can receive notifications for declined transactions, whenever a transaction exceeds a specific amount, or when your card balance reaches a certain limit.

Brink’s allows you to create and access virtual cards instantly. Your information will be readily available as soon as you create a virtual card. What’s more, your card information is securely stored, and you have the option to create either single-use virtual cards or cards for recurring purchases.

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You may add funds to your Mesh card at any time via reload locations. You may also load your card through a direct deposit by providing Mesh’s routing number and the account number to your bank. Note that you cannot load your card by check or money order.

For every transaction you make using your Mesh card, you can earn 1% cash back. You can enjoy saving on your expenses without having to pay any fees.

Mesh allows you to create unlimited virtual cards free of charge. You can easily set up your virtual cards online, assign cards to employees, and set controls on your virtual cards based on the amount, vendor, number of transactions, and other custom filters.

Mesh Plug & Pay™ cards are physical cards that have all the benefits of virtual cards. These cards are numberless, making them more secure and safe to use. Additionally, you can track all your payments in real-time using one platform.

Mesh Card features one centralized payment platform. This allows you to manage your company expenses from one centralized hub and monitor your financial transactions in real time. Moreover, it connects directly to your business tools, including QuickBooks, Xero, and Okta.

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To determine the best business prepaid cards, we considered cost, load limits, spending limits, and convenience. We also looked at additional features and the process of loading funds to the card.

• Small Business Credit Cards: Small business credit cards allow you to float expenses while growing your business. Grow your credit score, and save money with low introductory and ongoing interest rates and relevant rewards.
• Purchasing Cards (p-cards): Purchasing cards are for business-to-business purchases. Like a charge card, the balance must be paid in full monthly.
• Secured Business Credit Cards: Secured business credit cards are a good option for those who cannot qualify for a non-secured card due to poor or low credit or no credit history, as you only need to make a security deposit to qualify. In time, with consistent on-time payments, you can grow your credit score and qualify for a non-secured card.

Prepaid business cards work like regular business credit cards—you can use them to make purchases and pay for other business expenses. However, unlike credit cards, you need to load funds to your prepaid card to be able to use it. When you make purchases using one, the amount of your purchase will automatically be deducted from your card’s balance. Also, these are easier to qualify for than business credit cards since there’s no credit check.

Once you’re approved, there are often several ways to load funds onto the card. The most common way is to simply transfer funds from your bank account directly to the card. Using the issuer’s online or mobile dashboard, you can set spending limits, select which merchants can be paid with the card, and freeze cards in case of fraud.

Keep in mind that most prepaid cards don’t offer rewards, and there are often fees associated with account setup, monthly maintenance, and withdrawing funds from ATMs.