How to Start Spending with Float Cards

Understanding Float Pre-Funded Cards

Float pre-funded cards allow your business to spend using the balance available in your Float Cash account (or Charge account for Charge customers).
Here’s what you need to know:

• Your business must have an available cash balance to fund card spending.
• Each card must have an active spending limit with available balance remaining.
• Cards can only spend up to the lower of:
  • Your business’s available cash balance
  • The card’s remaining spending limit

If either the business balance or the card limit is too low, cardholders will not be able to spend.

Step 1: Fund Your Float Cash Account

To get started, your Float cash account must have a sufficient balance.

• CAD cards draw from your CAD cash account.
• USD cards draw from your USD cash account.

You can add funds by:

• Connecting your business bank account to Float and transferring funds
  (See Connecting CAD Bank Accounts to Float and Connecting USD Bank Accounts to Float)
• Sending an Interac e-Transfer
  (See Funding Your Business Float Balance with Interac e-Transfer)
• Setting up Auto-Funding for automatic top-ups
  (See Auto-Funding and Auto-Paydowns)

To view your cash balances, navigate to the Accounts page in Float.
(See Accounts Page Overview)

Step 2: Create and Issue Cards

Once your cash account is funded, create cards for your team:

• Virtual cards can be created instantly through Float.
  (See Creating Virtual Float Cards)
• Physical cards can be ordered and shipped to employees.
  (See Ordering Physical Float Cards (Admin Overview))

Tip: Virtual cards can also be added to mobile wallets like Apple Pay and Google Pay for faster use.

Step 3: Set Spending Limits on Cards

Each card must have a spending limit assigned before it can be used.

When setting card limits:

• Choose between monthly, annual, or one-time limits.
• You can edit or remove limits at any time.

(See Setting and Editing Limits on Float Cards)

Reminder: Even if a card’s limit is high, spending is capped by the business’s available cash balance if it is lower.

For common spending power questions, review:

• Why does my card show $0.00 in Spending Power, but the business has an available balance?
• Why does my card say "Business Funds are lower than card’s remaining limit"?
  
  

Recap: To Start Spending with Float Pre-Funded Cards

You’ll need:

• A funded Float cash account
• Cards created and issued
• Active card limits set up

Need help? Email us at support@floatfinancial.com.