Monthly Fee (per card)

£3 per month.

Credit Limit

To be confirmed following successful application.

Credit Balance

In the event of a credit balance on the account, no interest will accrue or become due to you.

Cardholder Limit

The maximum amounts of spending permitted by the cardholder during a billing cycle (including any card transactions not yet debited and any authorisations the Bank has given in respect of prospective card transactions).

Card re-issue fee

£10 (excluding lost, stolen, damaged or expired).

Cash Advance fee

2.5% of Transaction (Minimum fee £2.50 & Minimum withdrawal £50).

Urgent card request*

£25 (excluding delivery).

Late payment fee

2% of the outstanding balance, or £10, whichever is greater.

Returned payment charge

£30.

Set up fee (one-off)

£50.

Non-sterling card transaction

Any transaction performed with the card in a currency other than Sterling. (This incurs a fee of 2.75%)

UK transaction fee

Free

Opening an Account

To open an account you can visit www.unity.co.uk/corporate-multipay-card/ and download and complete a business application form (this sets up the card account for your business), a cardholder application form (for each individual who requires a Unity Corporate MultiPay Card) and read and sign the indemnity agreement.

To help us to process your application as quickly as possible, please make sure you provide all information requested. All forms must be signed in accordance with your Unity Trust Bank Mandate. Failure to do so will result in delays to the application process. Send all completed forms to us at: Unity Trust Bank, PO Box 7193, Planetary Road, Willenhall, WV1 9DG or via email to BSO@unity.co.uk. Once the verification process is complete, we will send your documents to Lloyds Bank to set up your account. Lloyds Bank will contact you directly to confirm receipt of your application. It takes around 15 working days to process applications from receipt of your documents by Unity Trust Bank.

Please be advised all applications are subject to status and eligibility criteria. For existing customers, we typically require evidence of 12 months’ account activity. For new customers, as part of the application process you will need to provide us with the last 2 years of audited/certified financial accounts. Please include this with your completed application form.

Eligibility Criteria

The application must be made from a UK based organisation and the person processing this application/main account contact must be 18 years or older. Please note we cannot offer this account if your organisation is a Relevant Financial Institution (RFI), see below for more information on RFIs. All accounts are subject to our decision criteria and we reserve the right to decline any application.

A Relevant Financial Institution (RFI) is a credit institution, investment firm, or bank that meets Ring Fencing’ requirements imposed by The Financial Services and Markets Act 2000 (Excluded Activities and Prohibitions) Order 2014.

Cancellation Period

If you change your mind within one calendar month of entering into the agreement you must notify us in writing to the above address. The notice must be signed in accordance with the existing bank mandate. You must repay any outstanding balance within 30 days of giving notice. Any account fees already paid will be refunded to you. If you notify us later than one calendar month, or if you fail to pay the outstanding balance in time you will not be entitled to a refund of fees.

Closing Account

To close a Corporate MultiPay Card Unity Trust Bank must receive written confirmation to the above address signed in accordance with the existing bank mandate. All cards will be blocked from the date upon which the notice is processed by Lloyds. Any outstanding balance must be paid in full in the next payment cycle. The account will be closed once final payment is received.

Changes to your account

An increase request or cardholder cancellation must be submitted in written format signed in accordance with the existing bank mandate or by an existing programme administrator (Please note any increase is subject to our credit review and approval process as well as an annual review. You may also ask us to decrease your credit limit subject to any minimum we require).

To add a new cardholder, or to add/remove a programme administrator you can visit www.unity.co.uk/corporate-multipay-card/ and download and complete a cardholder application form or a programme administrator form. Please note that the declaration must be signed in accordance with your existing Unity Trust Bank mandate.

Programme Administrator(s)

A representative or representatives nominated by the business from time to time.

Cardholder, you or your

The person identified on a card who is authorised by the business to use that card.

User (EPS only)

Any employee, contractor or agent of the business authorised by the business from time to time to use embedded card details that are in a cardholder’s name to make purchases through a Supplier.