Daily auto-debit
Why consider daily auto-debit?
If you want to avoid all the logistical challenges and additional burdens of managing payments with corporate cards, you can consider connecting your bank account for daily settlement of all business travel expenses made through Routespring. By configuring daily auto-debit, you will enjoy the following benefits:
- No need to use or distribute any corporate cards to travelers
- Payments are centrally managed, so you don’t need to add overheads to reimburse these expenses
How to configure daily auto-debit?
Reach out to us at trip@routespring.com and request configuring your account for a daily auto-debit. Depending on your bank account, your account will be ready to book travel within 24 hrs or up to 5 business days.
How does daily auto-debit work?
Typically, we recommend you to maintain a prepaid balance worth the anticipated travel for the next 14 days. We try to maintain the same balance by auto-debiting your bank account with amount equal to the total sum of transactions each day. Since bank auto-debit is an ACH transaction, it takes up to 5 business days to complete the transaction.
What is the cost of using daily auto-debit?
There’s no additional cost of utilizing this payment method.