March 1, 2023 - 12:24pm
#1
Hello. Does anyone's policy allow for a cash advance to be performed on a corporate credit card? If so, when are the situations you allow for it? During an audit of our corporate credit card usage, I came across one, but it is not addressed in our policy that it is allowed. It seems off to me, I can't think of a purpose for having to do it. This also caused interest to accrue immediately on the card. Curious how other FIs handle this?
Thank you in advance for your insight.