How to Fund Your PEX Account

When it comes to funding your PEX account, you have three options:
Please review below to determine which option best fits your timeframe and budget. Costs for bank-initiated ACH and wire transfers vary by bank. Contact your bank representative for charges that would apply to your business.

Option #1: ACH Credit (bank-initiated)

Funding your PEX account with an ACH credit initiated from your bank is simple. There is no setup required, and your money is usually transferred within 1-2 business days. The service is typically free, or a couple dollars at most, for this type of ACH transfer. 

To make an ACH transfer from your bank, you’ll need to provide your bank with PEX routing and deposit numbers. Here’s how you find them:
 
1. Log in to your PEX admin account:

 
  • Go to www.pexcardadmin.com and enter your username and password.
  • If this is your first time logging in, you’ll also need to enter your verification code that we sent to you in a separate email.
  • Call us at 866-685-1898 if you need help.
2. Click on the Transfers tab in the main menu, at the top. Once you’ve done this, you’ll see a new sub-menu underneath the Transfers tab. Select “ACH Instructions” from the sub-menu.


 
3. Provide this information to your bank, so they can perform the transfer to PEX. Clicking on “ACH Instructions” will bring you to a screen with the ABA # and Account Number your bank will need. For your convenience, you can print these instructions by clicking the link at the bottom of the page.
 
PEX ACH transfers initiated from your bank take approximately 1-2 business days to complete. Once it’s complete, you can distribute funds to your employee cards and they can start spending. When the transfer has taken place, you’ll notice that the balance in the upper left of your PEX admin site has increased by the amount you transferred. You’ll also see this reflected on your admin dashboard page.

Option #2: Wire Transfer

Funding your PEX account with a wire transfer initiated from your bank is simple. There is no setup required, and your money is usually transferred either same or next business day. Your bank may charge a fee for this type of wire transfer.

To make a wire transfer from your bank, you’ll need to provide your bank with PEX routing and deposit numbers. Here’s how you find them:

1. Log in to your PEX admin account.

 
  • Go to www.pexcardadmin.com and enter your username and password.

  • If this is your first time logging in, you’ll also need to enter your verification code that we sent to you in a separate email.

  • Call us at 866-685-1898 if you need help.


2. Click on the Transfers tab in the main menu, at the top. Once you’ve done this, you’ll see a new sub-menu underneath the Transfers tab. Select “Wire Instructions” from the sub-menu.



3. Provide this information to your bank, so they can perform the transfer to PEX. Clicking on “Wire Instructions” will bring you to a screen with the ABA # and Account Number your bank will need. For your convenience, you can print these instructions by clicking the link at the bottom of the page.

PEX wire transfers initiated from your bank are completed either same or next business day. Once it’s complete, you can distribute funds to your employee cards and they can start spending. When the transfer has taken place, you’ll notice that the balance in the upper left of your PEX admin site has increased by the amount you transferred. You’ll also see this reflected on your admin dashboard page.

Option #3: ACH Debit (PEX Service)

Another method of funding your PEX account is to utilize the PEX ACH service. It's free, requires only a one-time setup, and you can request the transfer anytime (from admin desktop or app). This type of transfer typically takes up to 4 business days. Here's how to set up the PEX ACH service and transfer funds.

1. Complete and return the PEX ACH authorization form.

  • Click here to download a copy of the simple, one page authorization form.

  • Scan or attach a voided check from your business checking account.

  • Email the signed form to us at accountsetup@pexcard.com.

  • Call us at 866-685-1898 if you need help.

2. Log in to your PEX admin account.

  • Go to www.pexcardadmin.com and enter your username and password.

  • If this is your first time logging in, you’ll also need to enter your verification code that we sent to you in a separate email.

  • Call us at 866-685-1898 if you need help.

3. Verify the mini-deposits made to your business checking account. In order to verify that the link with your bank is working properly, we will send two small credits (both under $0.20) to your business checking account. They should be received 1-2 business days after we get your completed ACH form. We’ll send you an email.

Find out the exact amount of those credits from your bank and enter them into the PEX admin system:

  • Log into the PEX admin website, then go to Transfers, Manage External Accounts

  • Press the green validate button

  • Enter one amount per box

Optional: linking other accounts
If you want to link more than one business checking account to your PEX account, just repeat the steps above. It’s a simple one-time setup and easy transfers from then on.




4. Once your account is set up, transferring funds into your main PEX account is easy. From the PEX admin website, go to the Transfers page, then select “New one-time transfer.”



5. Enter the amount you wish to transfer, and click “Transfer”.

6. Your transfer now shows as pending. 

PEX ACH transfers take approximately four business days to complete. Once it’s complete, you can distribute funds to your employee cards and they can start spending. When the transfer has taken place, you’ll notice that the balance in the upper left of your PEX admin site has increased by the amount you transferred. You’ll also see this reflected on your admin dashboard page.

If you wish to create a regular transfer, rather than a one-time transfer, this can be accomplished in the transfers tab. See below.

Questions?