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General FAQs |
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 | What is the Butterfield Business Debit MasterCard? |
| The Butterfield Business Debit MasterCard is a traditional debit card designed specifically for businesses. This debit card provides the purchasing power needed for inventory, business supplies, travel, dining, entertainment and much more. Added benefits include the ability to distribute debit cards among selected employees with limits of up to $25,000. Cardholders must be signatories on the account. |
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| What are the main benefits of the Butterfield Business Debit MasterCard? |
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- Guaranteed acceptance at millions of businesses worldwide—you can use your card anytime, anywhere.
- Ease of making purchases linked to your Butterfield business chequing account—all you have to do is sign the receipt or type in your PIN number. Butterfield Business Debit MasterCard purchases are automatically deducted from your business chequing account.
- Increased purchasing power with daily limits of $12,000 or $25,000.
- Eliminates the need to write numerous cheques.
- Online shopping with the safety and security that MasterCard SecureCode™ offers—registration is fast and easy.
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| How do I apply for a Butterfield Business Debit MasterCard? |
| You can apply by filling out the application form found in the Butterfield Business Debit MasterCard brochure and dropping it off to your Relationship Manager or at any of our five Banking Centres. Remember, because the debit card is directly linked to a chequing account, it is necessary to open a chequing account first. |
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| Can spending limits be increased temporarily? |
| Each card is assigned a daily spending limit based on the initial set up request; however, customers can request a temporary increase for larger purchases. Temporary increases will incur a BMD $15 processing fee. |
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