Product features

  • Company payment cards are intended for legal entities and individual entrepreneurs – natural persons as part of business current accounts in CZK and foreign currencies.
  • A payment card can be issued to your staff without further authorisation to handle your business account.
  • Maestro and VISA Electron cards are electronic payment cards designed for transactions that are verified online in the card centre – this kind of verification is used by a large majority of shops and cash machines. These are debit cards, which means they are linked directly to the balance of your account. Payment transactions are charged to your account as they are made. These payment cards have daily limits.
  • Embossed cards MasterCard and VISA are designed to make withdrawals from cash machines and to pay in shops with the sign of the card. The adjective “embossed” that gives the name to this category of payment card is derived from the printing technology of embossing raised letters of the cardholder’s name, the card number and expiry date, which makes it possible to use these cards in shops with imprinters.
  • MasterCard and VISA embossed payment cards are available to you in two forms – debit and charge:
    • MasterCard debit cards (weekly limits) are linked directly to the balance of your account. Payment transactions are charged to your account as they are made.
    • MasterCard charge cards (monthly limits) work in a similar way as credit cards. They have a special system of repaying. Transactions are charged as at the 15th day of the following month, when you settle the whole debt. No interest is charged on the amount drawn. Charge cardholders can thus use interest-free credit for up to 45 days.
  • The validity term of these cards is two years with the option of automatic renewal.

Company card benefits

With these cards you are getting a payment tool with a lot of benefits:

  • Cashless payments for goods and services and cash withdrawals from cash machines in the Czech Republic as well as abroad, 24 hours a day.
  • No charges for payments by debit card.
  • By paying by card you eliminate the risks associated with holding cash and the need to carry around enough cash. When paying by card abroad, the amount spent is converted into Czech crowns at a more favourable exchange rate and no other fees are charged
  • Card transactions are secured by the use of PIN code and/or verification of your signature
  • A phone line is available 24 hours a day for you to block your card in the event of its loss
  • Standard daily limits (Maestro and VISA Electron debit cards), weekly limits (VISA and MasterCard debit cards) or monthly limits (charge cards) for your card transactions can be changed.
  • Embossed cards increase the number of places where you can pay by card – particularly thanks to the fact that you also pay in shops with mechanical card readers (so-called imprinters)
  • Cover against loss/theft of your payment card.
  • Prestigious cards MC Business and Gold, MC Charge Business and Gold, VISA Business and Gold, VISA Charge Business and Gold include insurance for your business and private trips abroad; with MC Standard and MC Charge Standard cards such insurance can be arranged extra (Standard/Standard Family, Exclusive/Exclusive Family)

Eligibility criteria

  • The account holder’s application for electronic/embossed payment card MasterCard
  • A current account with Volksbank CZ, a. s.
  • The issue of an embossed payment card is subject to the balance of the account; (for further details ask at a Volksbank branch)
  • Several payment cards can be issued with one account (a higher balance is then required for embossed payment cards)