United States
activeFeaturedVirtual card
- HQ
- New York
- Fee
- Free personal
PEX Card
US virtual and physical spend cards for teams, field staff, and programs.
Rate this app
6.6Mixed
AlternativesOur take
Desk verdict
PEX is the grown-up virtual card. Privacy.com is the consumer cousin. Ramp is the start-up cousin. RedotPay is not a substitute.
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.
PEX Card lists Prepaid / commercial card programme under Program bank partners in United States. On safeguarding we currently write: Prepaid commercial funds at program banks — not your operating deposit account. Holder / issuer line: Program bank (see current PEX bank partner). An AML programme is claimed. There is no IBAN-class local rail on the flags we store. We list 1 live markets on the product. As we score the sticker: monthly Program-priced per card / user; FX US-first; overseas on scheme; ATM ATM on prepaid rules. This desk would open it for: US operators who need controlled cards for people, not a start-up checking account.
What it does well: Real virtual-card plumbing; Controls older than the neobank wave; Physical + virtual. What to watch: Not pretty; Not a bank account; US-centric. Desk score 6.6 / 10 (safety 7.2, fees 6.8, features 7.8, app 6.8). Last verified 2026-08-01. Headquartered in Tennessee, United States; founded 1999. None of this is advice — it is a file so you can read the entity before the card colour.
Best for: US operators who need controlled cards for people, not a start-up checking account.
Pros
- +Real virtual-card plumbing
- +Controls older than the neobank wave
- +Physical + virtual
- +Program-scale
Cons
- −Not pretty
- −Not a bank account
- −US-centric
- −Pricing is enterprise
Account facts
- 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 it actually works
- Custody
- Issued / held via Program bank (see current PEX bank partner)
- Local rails
- ACH / USD
- Built for
- Business
- Settlement
- Card auth in seconds
- Review risk
- Fintech reviews can pause inbound while they check a transfer
- Pay surface
- visa · physical · virtual · Apple Pay · Google Pay
Safety
Prepaid commercial funds at program banks — not your operating deposit account
Holder / issuer: 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
FAQ
Is PEX Card a bank?+–
PEX Card is not a licensed deposit-taker in the classic sense. Money, if any, sits with Program bank (see current PEX bank partner).
How is money protected?+–
Prepaid commercial funds at program banks — not your operating deposit account
Where is PEX Card available?+–
We list 1 market desk on the desk. Residency and onboarding rules still sit with PEX Card.
Card and wallets?+–
visa · physical · virtual · Apple Pay · Google Pay
Ratings and reviews
No published user reviews yet. The desk score still comes from licence, fees, and the product — not from a empty star average.
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