Cash widthdrawal on creditcard

During your travels and while utilizing your credit card, it may frequently be necessary to withdraw cash using your credit card. There are certain locations worldwide that do not accept credit cards and only permit payment in cash.

At Acubiz, it is important to understand that cash withdrawals made on your credit card will be regarded as personal funds. Consequently, if you withdraw cash and subsequently settle the credit card transaction with that cash withdrawal, the amount will be deducted from your salary; however, this will only occur when you submit it for approval to your manager.

Settlement for your cash withdrawals:

Let us assume that you withdraw DKK 1,000 on the credit card in Denmark and now owe the company DKK 1,000.

DEBT to the company = DKK 1,000.00

You may now utilize the withdrawn cash and capture images of your receipts using the Acubiz application, as well as make cash expenditures to offset your debt, as previously mentioned.

• 688,00 DKK on Taxi
• 36,00 DKK on a sandwitch
• 28,00 DKK on a cop of coffee
• 55,00 DKK on books and newspapers

In total, you have spent DKK 807.00 on the withdrawn money

CREDIT at the company = 807.00 DKK

The overview looks like this:

DEBT = DKK 1,000.00
CREDIT = 807.00 DKK
DIFF: = -193.00 that you owe the company

You now have 193.00 DKK in your pocket and will be deducted this amount in your next salary (this of course depends on the specific setup in relation to the company's rules and methods)