By integrating Perk Cards with expense processing, you can speed up your spend management process.
This is a no-fee debit card that is fully integrated into your existing finance and HR systems. You get a seamless view of costs, enable real-time transaction matching and automated reconciliation, and control spend by setting daily, weekly , or monthly spending limits.
Perk Cards are currently offered in accordance with the acceptance and service regulations of the issuer bank Modulr in:
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The process applies to both physical and virtual cards. Card admins can use the Perk website and app to manage both card types. Cardholders can access their own card using the website or app.
If you‘re looking to acquire Perk Cards, reach out to your account manager.
To create a Perk Card account and order your cards in Perk:
Note: Modulr offers accounts in EUR and GBP. The funding of the account must match the Modulr account currency.
The account opening process typically takes four to eight weeks. Make sure you take these timelines into account when requesting a Perk Card account.
Complete the Perk KYB process
To open a bank account with our issuing bank, Modulr, you must complete the account opening process, Know Your Business (KYB). This process involves providing information about your business and corporate setup, completing identification verification, and determining a business contact for cards.
If you are approved by the bank Modulr, you‘ll receive a notification from your Perk account manager confirming that the card account was opened successfully. Once you‘ve been approved, you can order Perk Cards.
Assign card admin in Perk
Once you’ve received confirmation that your account was opened successfully, you need to give a Perk user the card admin role so they can manage your company cards. In most cases, this is someone from your Finance or Accounting team. To do this, your Perk account admin needs to follow the instructions on Assign roles and permissions.
Once assigned, they can start to order cards for your employees and manage card spending.