This is normally where most banks charge you fees to apply for a Debit Card and then to use it. We’ve removed the application fees and ATM fees for the Kina Venture Debit Card, simply go into the branch, complete the paperwork and collect your card.
Sole Traders and Partnerships
The Kina Venture Debit card has been designed to support local business in PNG, ensuring business owners have access to their funds and can make secure payments and purchases, whether it’s online, in store or over the phone. If you’re a sole trader or in a business partnership, this is the card for you.
Use your business funds to pay for everyday business expenses, your card is accepted world-wide as part of the Visa network.
The Kina Venture Debit Card is very secure and protected by Visa. In order to use the card, it must be activated at the branch; you can then select your own PIN so only you know it. Every card also has a range of security features including a chip, a ‘CVV’ number on the back of the card and PIN validation requirements.
What About The Fees?
Good question. Consistent with similar accounts, there still are some charges associated with the Kina Debit Card, but we’ve worked to remove as many as we can.
Frequently Asked Questions
What is the Kina Venture Debit Card?
With a Kina Venture Debit Card, you can make purchases and payments for your business, anytime, anywhere using your linked business bank account. The Kina Venture Debit Card allows you “tap to pay” on EFTPOS machines both in PNG and overseas, as well as make online purchases and payments and even withdraw money from any ATM where Visa Cards are accepted. The card is linked to a Kina Bank business transaction account, meaning when you’re making purchases, you’re spending your own money, so there is no credit involved. It just “debits” your account automatically. With a Kina Venture Debit Card, you have access to over 2.2 million ATMs worldwide – the card has global acceptance and allows you to make secure purchases with the Visa fraud protection.
Who can request a Kina Venture Debit Card?
The Kina Venture Debit Card is designed for sole traders and partnerships only.
How old do I need to be to have a Kina Venture Debit Card?
You must be aged 18 years or more to meet acceptance for a Kina Venture Debit Card and be running your own business or be in business partnership.
Can I use my Kina Venture Debit Card for online purchases and payments?
Yes, you can use your Kina Venture Debit Card when making online payments and purchases for your business. You may need to pay for new stock, order new equipment or even pay for training, it can all be done online using your Kina Venture Debit Card. You just need to enter your card number when you’re asked to provide your payment details, provide the card expiry date and confirm the ‘CVV’ which is the 3-digit number on the reverse of the card. It’s that simple.
What are the fees and charges attached to the Kina Venture Debit Card?
All of our fees and charges can be found in the Kina Bank Fees Schedule.
Can I use my Kina Venture Debit Card overseas when travelling for business?
Yes, your Kina Venture Debit Card can be used to access funds from ATMs, for purchases via EFTPOS terminals and when making online payments in a foreign currency.
If I am an existing Kina Bank business customer, am I eligible to apply for a Kina Venture Debit Card?
If you’re an existing Kina Bank business customer (sole trader or partnership), you automatically qualify to apply for a Kina Venture Debit Card. You will still need to complete the standard application process. Your Kina Venture Debit Card will then be linked to your business transaction account.
Can I use my Kina Venture Debit Card for everyday transactions?
Definitely, you can use your Kina Venture Debit Card at EFTPOS terminals, and you simply just Tap to Pay. When completing purchases over a set limit, you will be prompted to enter your pin.
How secure is a Venture Visa Debit Card?
The Kina Venture Debit Card is very secure and protected by Visa. In order to use the card it must be activated at the branch; you can select your own PIN so only you know it. Every card also has a range of security features including a chip, a ‘CVV’ number on the back of the card and PIN validation requirements that help keep your card secure.
How will I be able to view my card transactions?
All your transactions will appear on your statement and also on your Internet Banking transaction history.
What happens if I find fraudulent transactions on my account? Do I get my money back?
As per our Terms and Conditions, if a fraudulent transaction occurs on your account and our investigations prove that you were not responsible, you may not be liable for any losses incurred. However, Visa’s Zero Liability policy may still apply.
What sort of account is the Kina Venture Debit Card?
The Kina Venture Debit Card allows you to make purchases and arrange payments but instead of using a line of credit to fulfill the payment, the account is linked to your business transaction account. This means you access your own funds when making the transaction.