Signature Bank offers two commercial card programs designed for various sized firms and various levels of transaction activity. Both programs offer reporting functions that help your managers and principals track expenses and limit budgets while providing an important flexible spending tool to your employees.
Membership fees range up to $75 and balances must be paid in full as billed.
For companies that want purchasing and corporate card functionality, the Visa® One Card is a single charge card that combines travel and entertainment with procurement and fleet card features for unified processing, simplified management and maximized savings. It allows companies to maintain control over travel and entertainment (T&E) expenses with centralized information sharing. The Visa® One Card provides multiple reports, such as T&E vendor and spending analysis, as well as spending summary reports on an annual, monthly and/or quarterly basis. The Visa® One Card, also allows limits to be set on a flexible (daily, weekly, monthly) basis.
- Designed for companies with annual sales greater than $5MM or those companies who project minimum card volume of $250,000, and 100 or more employees
- Automated transaction allocation, which reduces the burden of manual reconciliation
- Comprehensive spending controls, such as daily and monthly spending limits, Merchant Category Code Blocking and budgetary limits
- Liability insurance and fraud screening to protect from credit losses
For medium to large sized established companies with 2 years of financial statements and at least $350,000 of annual income. Enhanced reporting helps document expenses, track purchases, reveal spending patterns, organize budgeting information and save time on accounting procedures.
- No annual fee.
- No Personal Guarantee Needed.
- Free Optional Rewards Program – earn one point for every net dollar spent, no points earning cap, points expire in 3 years.
- Dedicated Account Manager.
Designed for non-profits and municipalities seeking an easier way to manage cash flow and expenses. Enhanced reporting helps document expenses, track purchases, reveal spending patterns, organize budgeting information and save time on accounting procedures.
- No annual fee.
- No Personal Guarantee Needed.
- Dedicated Servicing Group.
- Free Optional Rewards Program – earn one point per dollar spent, no points earning cap, points expire in 3 years.