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Restrictions on Cardholders’ Access to Cash and Restrictions on Loading Funds onto the PEX Card

The PEX card does not support access to cash (e.g., at an ATM, or as “cash back” at point-of-sale).

The PEX card also does not support “quasi-cash” transactions, such as:

  • Money orders
  • Loan payments
  • PayPal
  • Venmo
  • Any other similar money transfer options

The Administrator Loads Funds onto the PEX Card

Only Administrators can load funds onto the card.

  • Cardholders cannot load funds onto a PEX card

A cardholder has access to funds on the PEX card as soon as the Administrator (a) activates the card, and (b) loads funds onto it.

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