United States
activeFeaturedVirtual card
- HQ
- New York
- Fee
- Free personal
PEX Card
US virtual and physical spend cards for teams, field staff, and programs.
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6.6Mixed
AlternativesFive questions
At a glance
Is it a bank?
No. PEX Card is not a bank. Your money sits with Program bank (see current PEX bank partner).
If it fails?
Prepaid commercial funds at program banks — not your operating deposit account
Salary?
Not listed. An IBAN or sort code is not automatically a salary account.
Open from abroad?
Residency and KYC are gated. An App Store listing is not proof you can onboard.
Monthly fee
Program-priced per card / user
Account number
No IBAN-class local rail on this file.
NeoBankDB Verdict
Licence first · score second
6.6
/10 · Mixed
PEX is the grown-up virtual card. Privacy.com is the consumer cousin. Ramp is the start-up cousin. RedotPay is not a substitute.
What it is
PEX has issued commercial prepaid and virtual cards in the US since before 'neobank' was a word. It is a spend network, not a current account.
Best for: US operators who need controlled cards for people, not a start-up checking account.
Last checked 2026-08-01. Not advice.
What it does well
- +Real virtual-card plumbing
- +Controls older than the neobank wave
- +Physical + virtual
- +Program-scale
What to watch
- −Not pretty
- −Not a bank account
- −US-centric
- −Pricing is enterprise
Who holds the money
The account
- Platforms
- Web
- Account types
- Prepaid / virtual expense cards
- Minimum balance
- $0
- Lowest monthly fee
- Program pricing
- Who can open
- US organisations
- Availability
- United States
How money actually moves
- Who holds the cash
- Issued / held via Program bank (see current PEX bank partner)
- How money moves
- ACH / USD
- Built for
- Business
- Settlement
- Card auth in seconds
- Freeze risk
- Fintech reviews can pause inbound while they check a transfer
- Card
- PEX Card lists a physical card and a virtual card on visa, plus Apple Pay and Google Pay. Confirm the live product in the app — a card is not a current account.
Licence first
Safety
Prepaid commercial funds at program banks — not your operating deposit account
Who holds the money: Program bank (see current PEX bank partner)
- Program bank partnersPrepaid / commercial card programme · United States
Fees
- Monthly
- Program-priced per card / user
- FX markup
- US-first; overseas on scheme
- ATM
- ATM on prepaid rules
Features
- –IBAN
- –Fee-free core
- –Multi-currency
- ✓Apple Pay
- ✓Google Pay
- ✓Virtual card
- ✓Physical card
- –Metal card
- –Crypto
- –Stocks
- ✓Business
- –Kids
- –Halal
- Instant virtual cards
- Physical cards for field teams
- Spend controls
- Receipt capture
- Program APIs
Score
- Safety25%
- 7.2
- Fees20%
- 6.8
- Features15%
- 7.8
- App15%
- 6.8
- Global15%
- 3.4
- Support10%
- 7.0
Change log
Full logNo dated notes yet. When the licence, fees, or status moves, it lands here.
Available in
Straight answers
FAQ
01Is PEX Card a bank?
PEX Card is filed as Prepaid / commercial card programme. The named regulator is Program bank partners. Still read the entity on the statement before you send money.
02What happens to money in PEX Card if it fails?
Prepaid commercial funds at program banks — not your operating deposit account
03What does PEX Card charge each month?
The monthly fee on this file is Program-priced per card / user. Fees change — open the operator's pricing page if it is linked.
Ratings and reviews
No published user reviews yet. The NeoBankDB score still comes from licence, fees, and the product — not from an empty star average.
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