Business Check Card FAQs
What are the primary changes associated with the new Business Check Card?
The primary changes are:
- Newly designed Business Check Card appearance.
- Each Business Check Card holder will be issued a separate check card number.
- One ScoreCard Reward Point earned for each $3 in purchases.
- Regulation E does not apply to the Business Check Card for unauthorized PIN-based transactions, i.e. fraud.
Why does Regulation E not apply to Business Check Cards?
The Business Check Card is viewed as a commercial card rather than a consumer card. Consumer cards only receive the benefit of Regulation E protection for unauthorized PIN-based transactions. Refer to
Business Check Card Terms & Disclosure Agreement for more information.
Since each Business Check Card number is different, what changes does this bring?
A lost or stolen Business Check Card can now be reissued one card at a time, meaning that all cards on the Business Account do not have to be cancelled and re-ordered.
How do the ScoreCard Reward Points work for different Business Check Card numbers?
Exactly like the ScoreCard program on the Gold and Platinum cards except the Business Check spends $3 to get one point. However, because of separate account numbers the points will accrue separately for each card.
How are the Business Check Card ScoreCard points combined?
Inquire through our Contact Center, or visit a
branch for more information.
How are the ScoreCard Points redeemed?
To check your accumulated points or redeem points for rewards:
Does the card qualify for Rainbow Rewards?
Yes.
What happens if, by using my Check Card, I overdraw my Business checking account?
Funds (excluding the $25.00 minimum balance) will automatically transfer from the Business savings account to checking to cover the overdraft up to six times per month. Existing Courtesy Pay practices also apply.
Is there a Business Check Card fee?
There is no monthly fee. Please refer to the current
fee schedule for applicable Business Check Card fees.
