Bankcards

PayLink Visa Electron Card

This card can be required for employees, who make purchases or withdraw money on behalf of the company. This card is an ideal tool for corporate purchases, it reduces the physical cash requirements of the daily transactions.

Features and benefits:

• Free of charge purchases.
• Accepted at over 16,500 merchants in Hungary, and many more abroad.
• Cash withdrawal from automated teller machines (ATMs) with Visa Electron logo all over the world. In Hungary it means more than 2300 ATMs.
• PIN number ensures security.
• Daily limits can be set in accordance with the users' requirements.
• Based on your request our bank issues an unlimited number of PayLink Visa Electron cards for your employees. We open a card account linked to your main account for card transaction settlement only.
• The daily available limit of the transactions made by all of the card holders equals to the balance of your card account. Once a day Citibank automatically transfers funds from the main account to the card account to ensure that the balance on the card account is brought to the level defined by you. The sum of the cards' limit may exceed the limit of the card account, however, the card holders cannot spend more than the daily opening balance of the card account.

Transaction fees and costs AND Cut-off times Actual Corporate List of Conditions

Further information

• Information on card requests and activations
• Card services

1. Information on card requests and activations

When requesting a card you have to define the opening balance of the card account and the individual limit of the cards linked to it. This limit and the opening balance can be modified upon request.

A couple of days after requesting the card we will mail the PIN code and the card separately. Cards are mailed in inactive status. When you submit the duly signed Card Receipt form we will activate your cards. You can start to use your cards two days after the activation. We automatically renew the cards free of charge in every two years.

PayLink Visa Electron Card Contract and Application Form (pdf)

2. Card linked services

All card transactions will be debited on the card account the next business day with value date being the day of transaction. You receive a detailed daily statement on the card account containing all card spending. Cardholders can retrieve information about the card transactions and the account from our CitiService and CitiDirect electronic banking system. A 24-hour hotline service for cancelling the cards is available on +36 (1) 421 2299 in case of stolen and lost cards. Losses ocurring after card cancellation are borne by Citibank.