Since launching our Receipt Bank branded Mastercard in January 2019, a number of our customers have told us they want Receipt Bank to receive and process data from all credit card providers, not just one. And we’ve listened to them.
Following consultation, from January 31st 2020 we will not be continuing with the Receipt Bank Mastercard.
We aim to make the business of bookkeeping as simple and efficient as possible. In the past 12 months we’ve learned a lot about our customers’ card needs, and these ongoing conversations mean that we will be making it as easy as possible to capture, process and publish data from any card and bank account on the market.
Existing Receipt Bank card holders will retain their accounts with current provider Capital On Tap from January 31st. They will need to switch to the new, replacement Visa card.
Your Visa card will still be connected to your Receipt Bank account and you will still continue to be able to use Bank Feed and Bank Match features with your new Visa card.
We have communicated directly with each member, who will receive a replacement CoT Visa credit card by this date.