When the funds on the card are owned by the sponsor or organization, cards can be defunded at
any time and put back into a PEX Account. However, with cardholder owned-funds, funds cannot
be defunded.
For PEX Expense: The easiest way to manage unused funds on any card is to transfer them back
to the main PEX account where they can be redistributed to other employee cards. If you need to,
you can also initiate an ACH transfer from your PEX account back to your business checking
account, for a $5.00 fee.
For PEX Rewards & Grants: Sponsor owned funds can be defunded at any time, however,
cardholder-owned funds are irremediable once uploaded to a card.