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You can select from 10 billing cycles to coordinate statement dates with your company's payroll periods or reimbursement schedules.
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Individual Payment
With Individual Billing/Individual Payment (IB/IP), each Cardmember receives a
monthly billing statement from Maybank and is responsible for reconciling the
account and remitting payment directly to Maybank. Each Cardmember submits an
expense report in accordance with your reimbursement policy. IB/IP reduces your
company's administrative workload and encourages timely expense report
submission.
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Central Payment
The option combines individual billing with centralised payment of all approved
business expenses charged to the Corporate Card. Each Cardmember is responsible
for monthly statement reconciliation, timely expense report submission and
direct payment to Maybank for personal and unapproved business charges. Your
company issues a single payment to Maybank for all Cardmember authorised
charges, streamlining the payment process.
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All Cardmember balances are itemised in a summary statement that is centrally paid by your company. Individual monthly billing statements are printed and included with the summary statement.
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Payment can be made in many ways, the most convenient options are:
- In cash at the American Express office and Bank Simpanan Nasional; or
- By mail with a cheque
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