Heritage bank business credit card. The limits, fees and need-to-knows
If you’re on the hunt for a suitable business credit card in Australia, there are several offerings available. A mutual or ‘customer-owned’ bank, Heritage...
If you’re the owner of a business or run the finances of one, you might be considering business debit cards. These cards are usually connected to the business’s bank account and can help manage business finances.
Zeller offers Zeller Corporate Cards as its business debit card offering. This article will give you some information on Zeller Corporate Cards, the features, cons, limits, the process of getting one, and more. You’ll also find how its fees fare against Wise Business Card.
💸 Looking for a stress-free international business account to pay and receive money from abroad like a local? With multiple cards, AUD and foreign currency account details? |
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Zeller launched Corporate Cards in December 2023 to manage business expenses, track employee and project-related spending, and reconcile accounts.
Zeller Corporate Cards are employee debit cards linked to the Zeller Transaction Account. They help allocate set budgets and limit the risk of unauthorised transactions.¹
Zeller Corporate Cards can be useful to all kinds of businesses, be it large companies or smaller enterprises. Small business owners, CFOs, finance teams, bookkeepers, and accountants can all consider Zeller Corporate Cards to manage business expenses.¹
Here are some features of the Zeller Corporate Cards¹:
No product comes with only benefits. Here are some cons of Zeller Corporate Cards that you should keep in mind:
Zeller Corporate Cards are Mastercard debit cards that can be used in Australia and abroad wherever Mastercard is accepted.
When you purchase from a merchant overseas, the transaction will be processed in the local currency and then converted into Australian dollars as per Mastercard’s exchange rates at the time.⁴
Wise also offers business debit cards for business expenses that can be tracked in real-time. Here is how Zeller Corporate Cards and Wise Business card fees fare against one another:
Zeller Corporate Card* | Wise Business card* | |
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Card fee¹ | AUD$9 per active card, per month (free until 1 April 2024) | First card free (though the Wise Business account costs 22 AUD 1-time fee), AUD$6 one-time cost for each card thereafter |
Domestic transaction fees¹ | AUD$0 | AUD$0 |
Foreign exchange fee | 1.69% + AUD$0.79² | From 0.43% |
Max limit on card | AUD$25,000 transaction limit⁵ | AUD$78,750 monthly spending limit⁶ |
Digital card available? | Yes | Yes |
18 February 2024
Please see Terms of Use for your region or visit Wise Fees & Pricing for the most up-to-date pricing and fee information. |
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When you use a Zeller Corporate Card for a transaction in a currency other than AUD, the payment is processed in the local currency and then converted into AUD. The foreign exchange fee applied is 1.69% + AUD$0.79.²
With the Wise card, you get the mid-market exchange rate.
Zeller Corporate Cards come with a maximum transaction limit of AUD$25,000.⁵
Here’s how you can order a Zeller Corporate Card as a verified Zeller Account holder⁷:
For your employees or team members to be able to become assigned cardholders, you’ll need to first add them as a user via the Zeller Dashboard.
Read more: Zeller Transaction Account in Australia |
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You’ll need to fulfil the following eligibility requirements to be able to get a Zeller Corporate Card²:
If you’ve ordered a physical card, it’ll arrive at the designated address within 5-10 business days.⁷
If you’ve opted for a virtual card, it’ll be issued immediately. The assigned team member will receive an email asking them to set their PIN and they will be able to begin transacting right after.⁸
Zeller Corporate Cards are linked to the Zeller business transaction account and the funds are drawn from the account.¹
The spending limits or recurring budgets have scheduled reset windows. You should be aware of this schedule to ensure that your card has enough budget to conduct necessary transactions. The reset windows, based on your registered business address timezone, are as follows⁵:
Zeller can be contacted via call, SMS or email between 9AM to 1AM AEST throughout the week.
The customer support team is also available to chat on social media Monday to Friday, 9AM-5PM AEST. You can send a tweet on X or post a question on Facebook.
Streamlined and hassle-free, the Wise Business Account with linked debit card delivers an all-in-one solution for businesses.
At home or abroad, you can shop online or in-store via the Mastercard network and make easy ATM withdrawals using the Wise business debit card. With no monthly fees, hefty rates or hidden charges, Wise makes it easier to spend, send and receive funds.
Manage your money via your local Australian account while also benefiting from access to accounts in over 9 major currencies.
Access additional cards for your team as needed and pay a single fixed card-creation fee per card with no monthly fees applied.
Able to integrate with most major APIs, the Wise Business Account also facilitates better cash flow management and consistent, reliable reporting across all additional cards.
Find out more about how the Wise Business Account can save you time and money.
Register your Wise business
Account in minutes
Please see Terms of Use for your region or visit Wise Fees & Pricing for the most up-to-date pricing and fee information. |
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Sources:
*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.
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