This example of a business credit card usage model was written for use in a situation where a company provides a company card to its employees. The agreement is designed to be employer-friendly and makes the employee personally liable for any fees related to the misuse of the card. Make a free request to a Priori Legal employment lawyer to customize this agreement and other working documents relevant to your business. 8. A lost or stolen card must be reported immediately by calling First Bankcard Customer Service at (1-800-477-4941) and the business office at (308) 385-5900 ext. 144. You can use a company card to pay only for work-related expenses. These include: Sometimes we may issue credit cards that can only be used for specific purposes (e.B payment for gasoline). Once an employee`s credit card application has been approved by the CFO and/or General Manager, he/she must sign and comply with a credit card agreement for employees. In this Agreement, the Employee signs that he/she acknowledges that the Company`s credit card belongs to [Company Name] and that management has the right to investigate charges with or without cause. The credit card agreement is issued and submitted by the Finance Department and the Human Resources Department. As a rule, our company takes a credit card in your name. You can use it for business expenses and our company will pay the card bills.
Your participation in the Visa Corporate Credit Card (hereinafter “Card”) is a convenience that bears responsibility for it. Although the card is issued in your name, it should be considered the property of Grand Island Public Schools (hereinafter “District”) and must be used in the context of prudent “professional judgment”. Your signature below confirms that you understand the Card Policies, that you agree to comply with them, that you are bound by the terms described below and by the policies, administrative procedures and procedures of the Board Office regarding the use of the Card. 3. Misuse of the card may be considered misappropriation of district funds, which may result in disciplinary action up to and including dismissal. [Company Name] acknowledges that each case is different and that an employee may charge additional fees depending on the service, frequency of use, and case-specific circumstances. Therefore, employees have the right to apply for an exemption, but must explain the reasons for the additional purchase. Any purchase that exceeds the limit must first be approved by the Financial Manager and/or the General Manager. You may not use the corporate credit card for personal or unauthorized expenses. Never withdraw money with the company`s credit card.
You are also not allowed to purchase large amounts of alcohol or drugs, weapons, pornography, or fees for other adult entertainment. 10. ALL transactions processed on a district card are subject to review by internal and external auditors. The limits of the card depend on your level of seniority, your service, and the frequency or type of expenses you incur. Typically, you will see the limits of your card in the employee`s agreement, but generally the monthly limits are: 9. The cardholder must surrender the card in the event of termination of employment (i.e. retirement or voluntary or involuntary termination). No other use of the card or account is permitted at this time. 2. The card is reserved for business purchases. The card may not be used for personal or other purposes unrelated to the district. Businesses use corporate credit cards to manage small to medium-sized expenses related to business maintenance and development.
Due to the financial impact and risks associated with corporate credit cards, [company name] created this policy to clearly define protocols, restrictions, and terms of use. This provision is more effective for companies that apply an advanced disciplinary system that takes into account immediate action in the event of serious violations, but does not cancel the employee`s employment at will. Some companies may want to impose harsher penalties for non-compliance. An employment lawyer can advise you on options, such as . B sue the employee civilly and/or criminally for unauthorized use of the card. 1. The card is provided to district employees based on their needs for business-related goods and services. A card can be revoked at any time due to a change in assignment or location.
The card is neither an authorization nor does it reflect the title or position. I am the above employee and I have received the credit card indicated above, which is linked to the Company`s business credit account (“Card”), and I confirm that all my information is correct. By signing this Agreement, I agree to comply with and be bound by the following terms: The purpose of this Company Credit Card Policy is to (a) describe eligibility and authorization procedures, (b) specify the terms of the Corporate Credit Card, (c) define limitations and exceptions, and (d) report card violations and disciplinary measures. A company credit card policy clarifies the protocols and terms of use associated with a credit card issued by the company. The main purpose of the company`s credit card policy is to protect the company from unauthorized payments and to clearly describe the effects of improper use. 7. Cardholders are responsible for reconciling their monthly card billing and resolving discrepancies by contacting the provider first, then the bank and finally the branch. .