Bank of America Corporate Card (Charge Card)

The Bank of America Corporate Card (Charge Card) is designed for mid-size and large organizations that demand a powerful, secure and flexible payment solution to manage company expenses and supplier purchases. Combining centralized billing with granular controls and advanced reporting, this corporate charge card helps finance teams streamline reconciliation, enforce policy, reduce administrative overhead and gain visibility into corporate spending across departments, projects and locations.

Overview

A charge card differs from a traditional credit card by typically requiring full payment of the balance at the end of each billing cycle, while offering tailored commercial features that support corporate procurement, travel and entertainment, and recurring supplier payments. Bank of America’s corporate charge card is built to integrate with treasury operations and accounts payable workflows, offering detailed transaction data, configurable cardholder limits, and a single monthly invoice to simplify accounting and cash management.

Key Benefits

• Centralized Billing: Consolidate employee and department spend into a single statement and invoice to simplify reconciliation and reduce the number of vendor invoices the company must process.
• Enhanced Spend Visibility: Receive merchant-level transaction data, itemized receipts and custom reporting to analyze spend by category, department, merchant or project.
• Policy Controls: Set per-card, per-merchant or per-category limits, restrict transaction types and apply pre-authorization rules to ensure compliance with corporate spending policies.
• Improved Cash Flow Management: Control payment cycles and leverage predictable billing to align with cash flow planning and treasury needs.
• Streamlined Reconciliation: Exportable data and integrations with major accounting and expense management systems reduce manual entry and accelerate month-end close.

Security and Risk Management

Security is a priority for corporate payments. The Bank of America Corporate Charge Card incorporates industry-standard protections and enterprise-focused risk management tools. EMV chip technology and robust authentication reduce card-present fraud. Advanced fraud monitoring, real-time alerts and chargeback support help detect and respond to suspicious activity quickly. Administrative controls enable immediate card suspension, limits adjustments, and rapid replacement to minimize disruption.

Expense Management & Integration

Efficient expense management is essential for growing organizations. The corporate charge card supports:

• Integration with leading expense management platforms for automated receipt capture and matching;
• AP and ERP connectivity to accelerate invoice processing and general ledger posting;
• Custom reporting APIs and file export options to feed internal analytics and BI tools;
• Virtual card options for secure, single-use or supplier-specific payments, reducing reliance on physical cards for online and recurring purchases.

Administrative Tools

Administrators can manage the card program through an intuitive online portal that enables fast issuance and provisioning, easy control of cardholder permissions, and bulk enrollment. Role-based access ensures finance, procurement and program managers have appropriate visibility without compromising security. Automated workflows support card enrollment, limit changes, and reconciliation tasks, reducing manual workload and accelerating program scaling.

Implementation and Support

Deploying the Bank of America Corporate Charge Card is supported by structured onboarding services and dedicated commercial support teams. From program design and policy configuration to employee enrollment and training, implementation guidance helps align the card program with corporate objectives. Ongoing account management and customer service provide timely assistance for billing inquiries, dispute resolution and program optimization.

Who Should Consider This Card

The corporate charge card is ideal for organizations that need:

• Greater control and visibility over employee and supplier spending;
• Efficient consolidation of payments to reduce AP burden;
• Integrated reporting to support budgeting, forecasting and compliance;
• A scalable commercial payment solution that adapts to complex corporate structures and multi-entity operations.

How It Works

Once issued, cards are assigned to authorized employees or departments with predefined controls and limits. Transactions are captured and aggregated on a single monthly statement, accompanied by detailed transaction-level data for reconciliation. Finance teams can review, code and approve charges through linked expense platforms or export files directly to accounting systems. When needed, cards can be temporarily suspended, limits adjusted, or replaced immediately to maintain continuity of operations.

Why Choose the Bank of America Corporate Charge Card

Organizations choose this corporate charge card for its combination of enterprise-grade controls, comprehensive reporting and integration capabilities backed by experienced commercial support. The product is engineered to reduce administrative complexity, strengthen spending oversight and provide flexibility for diverse purchasing needs — from daily departmental expenses to strategic supplier engagements.

Features at a Glance

• Consolidated monthly billing with detailed transaction data
• Customizable card limits and merchant controls
• Integration with expense and ERP systems
• Virtual card provisioning and single-use card numbers
• Real-time alerts and fraud monitoring
• Dedicated commercial account support and implementation services

The Bank of America Corporate Card (Charge Card) empowers finance and procurement teams to manage corporate spending with precision, efficiency and confidence. By centralizing payments, enhancing oversight and simplifying reconciliation, the card program helps businesses focus on strategic priorities while maintaining tight control over expenses.

Address Bank: Bank of America Corporate Center, Charlotte, North Carolina, US (corporate/legal) Bank of America Tower (Manhattan), New York City, US (executive), USA
Bank: Bank of America
Headquarters: Charlotte
Products: Cards
Type: Corporate Card (Charge Card)