Using the virtual card

What is the virtual card?

How does the virtual card work?

What is the daily limit for the virtual card?

What is the virtual card?

Your Nearside Business Checking account comes with a Mastercard debit card.  Your virtual card is a temporary debit card number that can only be used for purchases until you receive and activate your physical card.

How does the virtual card work?

The Virtual Card works similarly to your debit card: purchases are withdrawn directly from your Hatch Business Checking account. You can track your transactions on your dashboard! Once you activate your physical card, your virtual card will be deactivated. 

Any transactions that were pending when the virtual card is deactivated will continue to be processed. You must activate your physical card within 60 days of it being sent to you or it will expire and you will have to contact us to order a replacement card.

If you report your physical debit card as lost or stolen, your virtual card will reactivate so you can continue to make important business purchases while you’re waiting for your replacement card. Locking your card will not reactivate your virtual card.

What is the daily limit for the virtual card?

The Nearside virtual debit Mastercard is limited to a daily transaction limit of $1,000. If your Nearside virtual debit Mastercard limit is reached, no additional transactions will be approved for the remainder of the day.

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