EverBank Corporate Card (Charge Card)

The EverBank Corporate Card (Charge Card) is a comprehensive payment solution designed for businesses that require precise control, centralized billing and enhanced security for employee spending. Built to streamline corporate purchasing, travel and expense management, the EverBank Corporate Charge Card offers a robust set of features for finance teams, procurement officers and company administrators seeking predictable reconciliation, consolidated reporting and flexible program controls.

Key Features

• Centralized Billing: All charges are billed directly to the company with consolidated invoicing, simplifying accounts payable and eliminating the need for employee reimbursement.
• Customizable Controls: Set spend limits, merchant category restrictions, and transaction level approvals to match corporate policy and reduce unauthorized expenditures.
• Detailed Reporting: Receive itemized transaction data with merchant-level details, timestamps and receipt capture for faster reconciliation and audit readiness.
• Virtual and Physical Cards: Issue virtual cards for one-time purchases or recurring subscriptions, and physical charge cards for traveling employees and on-site procurement.
• Real-Time Authorization: Transactions are authorized in real time with alerts and decline codes that help enforce policy adherence at the point of sale.
• Security and Fraud Protection: Advanced fraud monitoring, tokenization, and EMV chip technology protect against unauthorized use and reduce fraud risk.
• Integration-Ready: Seamless integration with leading ERP, accounting and expense management systems through API and file-based connectivity for automated posting and reconciliation.

Benefits for Finance and Operations

EverBank’s Corporate Charge Card eliminates manual expense reporting for many common employee purchases by routing charges to a single monthly invoice. This approach accelerates month-end close by minimizing petty cash workflows and reducing the administrative burden of individual expense reimbursements. With granular transaction data and exportable reporting formats, finance teams can categorize expenses automatically, reconcile accounts faster and maintain robust audit trails.

The card program supports multiple billing hierarchies and departmental chargebacks, so companies with complex organizational structures can centralize vendor relationships while distributing costs internally. Dynamic spend controls and programmable card rules empower procurement to enforce corporate purchasing policies before a transaction is completed, lowering exceptions and off-policy spending.

Control and Compliance

Governance features help legal, compliance and finance departments apply regulatory and internal controls. Merchant category code blocking, geographic limitations, and time-bound virtual cards reduce exposure to non-compliant purchases. Role-based administrative access ensures that only authorized staff can issue cards, change limits or view sensitive data. Audit logs capture administrator actions and policy changes for transparency.

Expense Management and Automation

The EverBank solution includes native receipt capture and automated matching tools that associate receipts with transactions and flag discrepancies. Automatic expense categorization leverages machine learning to reduce manual coding, and customizable approval workflows route exceptions to managers for review. Export formats are compatible with common accounting systems, and APIs enable scheduled data transfers for continuous reconciliation.

Travel and Procurement Support

The charge card is optimized for corporate travel needs, providing traveler safety features, travel-specific merchant controls and centralized airline, hotel and car rental billing options. Procurement teams can issue single-use virtual cards for supplier payments, enabling better vendor spend visibility and reducing card-on-file risk for recurring suppliers. Program administrators can set spend windows and supplier constraints to align with negotiated contracts and corporate sourcing agreements.

Rewards and Cash Management

EverBank’s Corporate Charge Card offers configurable rewards structures that can be tailored to company priorities, such as travel rebates, supplier-specific discounts or cash-back incentives tied to category spend. Consolidated billing supports predictable cash flow management, and flexible payment terms can be aligned to corporate treasury practices to optimize working capital.

Security and Risk Management

Security is built into every aspect of the card program. EMV chip technology and dynamic data elements protect physical transactions, while tokenization secures card details for digital and mobile payments. Real-time fraud detection monitors patterns and anomalies, generating alerts and automatically suspending suspicious activity. Granular card control allows immediate lock/unlock of individual cards, limits on merchant categories, and geofencing of acceptable transaction regions.

Implementation and Support

EverBank provides a structured onboarding process, including program configuration, administrator training and data migration support. Dedicated account teams guide customers through policy definition, card issuance workflows and integration testing. Ongoing support includes account management, technical assistance for integrations, and periodic program reviews to optimize usage and cost savings.

Who Should Use It

The EverBank Corporate Charge Card is ideal for mid-size and large enterprises that require centralized billing, enhanced control over employee spending and tight integration with finance systems. Organizations with high travel volume, complex procurement needs or those seeking to reduce administrative expense processing will find this solution particularly valuable.

Summary

The EverBank Corporate Card (Charge Card) delivers a secure, controllable and scalable payment platform that simplifies corporate purchasing, improves spend visibility and strengthens compliance. With options for virtual and physical cards, advanced controls, robust reporting and integration capabilities, the program empowers businesses to manage expenses with confidence, reduce administrative burden and protect corporate assets.

Address Bank: EverBank Plaza 301 W Bay St Jacksonville, Florida, U.S.
Bank: EverBank
Headquarters: Jacksonville, Florida
Products: Cards
Type: Corporate Card (Charge Card)