Virtual Card

Instant virtual cards. Total spend control.

Give your team the freedom to spend wisely with instant virtual cards tailored to specific budgets. Set spending limits, streamline approvals, and stay in control, no more overspending.

Get started for free

Take a virtual tour

What are virtual cards?

Similar to traditional bank cards, virtual cards also have a 16-digit card number, CVV security code and expiry date.

Expense management made easy with the OFX Virtual Card.

Goodbye chasing receipts. Hello real-time visibility. Save time on tracking your card expenses with our in-app receipt capture and OCR technology. Map the expense data to the right spend categories and submit for approval through the built in workflows, available in the Full Suite plan.

Eliminate the need for card sharing.

No more sharing cards across teams, you can issue virtual cards for team or project budgets, subscriptions and recurring costs. If an employee leaves you can cancel in an instance. With the ability to set spend controls right down to the merchant categories you can control spend before it happens.

Client love us. Here’s why.

All case studies

PlasmaLeap CFO, Nick Bishop

Real uplift in productivity

“Previously, reconciliation was a bottleneck, but now with virtual cards and automated processes, we’ve seen a real uplift in productivity. Staff can now manage their expenses seamlessly, which has been a game changer for us.”

Read PlasmaLeap’s story

Virtual cards for every type of business spend

Virtual Employee Cards

For individual employee purchases online or in person like travel, entertainment and resources needed for their job.

Give your team and employees the autonomy to spend as they need to without going over budget.

Eliminate the need to share cards and reduce the risk of unauthorised spend.
Set each card’s spend limits, categories and merchant restrictions to allow individuals to make necessary purchases.

Virtual Company Cards

For business purchases online such as software subscriptions, supplier payments and advertising expenses.

Get better oversight and more control of your recurring business expenses.

Create unique virtual cards to track each recurring expense and see how much you’re spending on Google ads, subscriptions or other bills.
Lock or cancel the card anytime from your phone, or if you want to end a subscription to prevent unwanted charges
Save time tracking, canceling and reissuing cards. When employees leave, simply cancel the company cards they have access to.

More savings and control with easy virtual cards

Seamless local and global payments wherever you go

Pay like a local and eliminate international transaction fees 
As well as NZD, use your virtual card and spend like a local in USD, EUR, AUD, CAD and GBP. Simply fund your account in the currencies you need.
Competitive exchange rates 
Travelling overseas? Use the virtual card to make purchases in over 30+ currencies with competitive exchange rates.
Simple and hassle-free payments 
Use the card in the OFX Business Platform and the OFX Business App to pay your suppliers or make online purchases.

Keep your payments secure with built-in protection.

2-step verification
We keep your account secure with 2-step verification to ensure only you have access to your card and funds.
Lock or cancel your card immediately
If you think your card has been compromised, you can lock it temporarily or cancel it permanently anytime. Our card fraud monitoring gives you an additional layer of control.

Creating your first virtual card

1. Open a Global Business Account

Access multiple currencies, enjoy competitive exchange rates, and issue cards to employees without visiting a bank. Create your OFX Global Business Account here.

2. Create a budget

This is the budget created for your card in your account. You can set single-use and/or recurring budgets* and give specific team members access to this budget.

Pro-tip: You can also set individual spend limits and controls within each budget for different users and teams.

*Not all features are available on all plans.

3. Invite a new user to your team

Invite a new user to your team and assign them a role and permissions.  
Employee cards for individual employees with spend limits. 
Company cards for subscriptions, bills and spend management.

4. Create your new card

You’re now all set to issue virtual cards for employees, and create virtual company cards for your business subscriptions and other recurring expenses. No waiting or going to the banks.

Note: You’ll need money in your OFX Global Business Account to spend on the card.

Virtual cards FAQs

What are the benefits of using virtual cards for business spend?

Using virtual cards offers a range of benefits. With OFX virtual cards, you can streamline business expenses while offering control, security and global spending convenience.

Enhanced oversight on employee expenses: Issue virtual cards to employees in seconds, making it easy to track and manage spending.
Stronger spend controls: Set automated approval policies and spending limits to prevent overspending before it happens, and ensure approval of spend.
Global flexibility: Pay in over 30+ currencies using funds held in your OFX Global Business Account, with local bank details in NZD, CAD, USD, AUD, GBP, and EUR.

How can I get virtual cards for my business?

With an OFX Business Account, you can create and issue virtual cards in seconds, once your account has been approved. You and your team can access the cards securely via the online Business Platform or the OFX Business app.

Can I get OFX virtual cards for free?

Yes, get unlimited^ virtual employee cards for free with an OFX Global Business Account. There are no extra or hidden fees to create virtual cards.

See all the features included on our pricing plans page.

^In line with our fair use policy.

Can I use the OFX virtual cards in another country?

Yes. You can use your virtual card internationally. Exchange, pay and hold 30+ currencies with the virtual card, by using funds held in these accounts with no cross-border transaction fees.