Real-time control of employee spending unavailable in other prepaid, credit, or bank products.
Cards are personalized with the cardholder's name.
The funds on deposit are corporate funds - not employee-owned.
The PEX Card Account is not a bank account.
Cards have individual balances. Corporate balance is displayed separately from cards.
Funds on deposit belong to corporate customers until cardholders spend, or until we post fees. If need be, funds can be transferred back to the registered bank account.
Cards don't expire until three years after the issue date. At that point, a new card will be issued and the card balance will be transferred back to the PEX Card Account.
Fees are charged to the PEX Card Account not to card accounts.
