Income Artist

What To Look For In A Business Debit Card

Author: Jimmy Barron
Published:October 23, 2023
4 mins

A debit card is essential if you own a business. It enables you to access your business funds quickly and conveniently without waiting for hours in a bank.

All you need to do to withdraw the money you need is to go to your nearest ATM.

Similar to how a credit card works, you can also use your debit card to purchase goods and services, and not just for personal expenses.

If you are a business owner but don’t have a debit card, you should consider getting one. When applying for a business debit card, remember  the features listed below: 

FDIC-Insured Account

When picking a business debit card, make sure it’s a FDIC-insured account. This ensures your money is protected if the bank fails or a disaster strikes.

This is an important factor to remember whether you’re looking into applying at a traditional bank or an online debit card provider.

If you would like to find out more about FDIC-insured online banking, you can visit sites like

FDIC Insured Account

Cashback And Rewards

Another feature to consider when getting a business debit card is its cashback and rewards. These benefits can help to limit debt. 

If you’ve been struggling with overspending, a cashback and rewards debit card will help you accumulate points and rebates whenever you make purchases.

Aside from these benefits, you won’t have to worry about racking up credit card debt. 

Even though the risk of overdrawing your account is present, there will be little to no impact on you as you won’t have to pay off various interest rates.

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Another benefit you can get from having cashback and reward perks is that you won’t need to pay high monthly fees. 

You’ll also be able to enjoy other features from your cashback and reward debit card, like ATM fee reimbursement, waived overdraft fees, etc. 

Expense Tracker

To streamline your business spending and improve tracking, the ideal business debit card should provide you with expense-tracking features.

When shopping for a debit card, look for options that categorize your transactions and monitor spending to generate accurate reports about your business finances. 

Most of the debit cards that offer expense trackers are those that offer mobile banking. The app itself can be used for tracking your business expenses. 

Online And Mobile Banking 

As mentioned before, debit cards that allow you to access your account via a mobile device are a great option if you want to track your debit card account.

That’s why it’s important, when deciding on what card to get, that you consider ones that offer accessibility online through your mobile or computer devices.

This enables you to simply log into the app and instantly see all your transactions in real time.

You can also carry out transactions online via your mobile, laptop, or PC. No need to visit a physical bank to make transfers or withdrawals.

Mobile Banking

Good Customer Service

Having good customer service is vital, especially if it concerns money. A bank that provides good customer service means they value you and aim to help you meet your needs efficiently and effectively. 

The characteristics to look for in your bank to gauge whether they have good customer service are:

  • They are attentive to your concerns.
  • They care for you and your relationship with them.
  • They are patient even during tough times.
  • They stay positive when dealing with issues.
  • They promptly reply to your queries.
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When a bank puts a lot of effort into providing their clients with good customer service, they are showing that they value you.

This brings with it a sense of assurance that the bank has a team of experts willing to help you professionally solve any issues.

Top-Notch Security Feature

Having a top-notch security feature is a crucial thing to consider when getting a business debit card. Remember, you are entrusting your business funds to the bank. 

As you will be doing all business transactions from the account, it’s important to familiarize yourself with its security features.

Good security is even more vital when you open an account with an online bank.  This ensures that your money is safe if you make transactions online. 

Offers Additional Features

Some business debit cards are better than others because of the additional features they provide.

It’s highly recommended that you compare business debit cards first and decide which features will benefit you.

The most common features are spending limits, software integration, and many more. 

Wrapping It Up

A business debit card is a must-have for businesses. It will not only provide you with a business account separate from your personal finances but also help you access this fund with ease and convenience. So, what are you waiting for? Start your business debit card shopping now!