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How to Fund From Admin Site

 

You can create a transfer of funds from your bank to PEX, or schedule a transfer of funds from your bank to PEX, through the Administrator Site.

Funds will deposit to your PEX account in four (4) business days.

Note:

If your bank rejects an ACH request, they may charge you a fee (e.g., for insufficient funds). In addition, if your bank rejects an ACH request, PEX will charge a Transfer Request Return Fee of $25.    

How to Create a Transfer of Funds from Your Bank to Your PEX Account:

  1. Log into the Administrator Site
  2. Click the "Transfers" tab
  3. Click “Make a transfer” in the blue bar
  4. Select an external bank account from the drop-down list to transfer funds “From”
  5. The transfer will be made “To” the pre-selected PEX account
  6. Enter the amount to transfer from the external bank account to the PEX account
  7. Click the green “Transfer” button

Transfer_from_Admin_Site_4.png

Click the green "Transfer" button 

 

Through the Administrator Site, you can also schedule regular transfers of funds from your bank account to your PEX account.

How to Create a Scheduled Transfer of Funds from Your Bank to Your PEX Account:

  1. Log into the Administrator Site
  2. Click the "Transfers" tab
  3. Click “Make a transfer”
  4. Select an external bank account from the drop-down list to transfer funds “From”
  5. The transfer will be made “To” the pre-selected PEX account
  6. Enter the amount to transfer from the external bank account to the PEX account
  7. Click the checkbox "Make this a scheduled transfer"
  8. From the drop-down, select the frequency for the scheduled transfer:
    • Every 1st of the month
    • Every Sunday
    • Every Monday
    • Every Tuesday
    • Every Wednesday
    • Every Thursday
  9. Click the green “Transfer” button
  10. Important: Scheduled transfers are specific to the external bank account. If your bank account on file changes, you must delete the scheduled transfer and create a new one.

Transfer_from_Admin_Site_Scheduled.png

Check the "Make this a scheduled transfer" box. Select the day for the scheduled transfer. Click the green "Transfer" button.

 

If you need to add funds to your PEX account faster, you may find the following articles useful:

  1. "How to Fund by Wire Transfer" (fastest way)
  2. "How to Fund by Bank ACH"

 

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