For security and protection, the Family Money Program has the following transfer and spending limits.
|
Maximum Balance for a Primary Card Account (Wallet) |
$5,000 |
|
Maximum Balance per Vault |
$1,500 |
|
Maximum Balance per Card |
$1,000 |
|
Minimum ACH Load Amount per transfer |
$20 |
|
Maximum Daily ACH Load Amount (Wallet only) |
$250 |
|
Maximum Monthly ACH Load Amount (Wallet only) |
$1000 |
|
Minimum transfer amount between Family Money Accounts (Wallet, Vault, Card) |
$0.01 |
|
Maximum daily transfer between Family Money Accounts (Wallet to Card, or Wallet to Vault, or Vault to Card, or vice versa) |
$500 |
|
Point-of-Sale Daily Spend Limit per Card |
$1,000 |
|
Point-of-Sale Monthly* Spend Limit per Card |
$5,000 |
|
Point-of-Sale Daily Spend Limit per Family (All Cards) |
$1,000 |
|
Point-of-Sale Monthly* Spend Limit Per Family (All Cards) |
$5,000 |
In addition, parents can change a daily spending limit for the child's card in the App to $100, or $500 instead of the default daily spending limit of $1,000. an ACH transfer, from customer’s bank to Wallet, will take 3-5 business days.
For more information, please review our MCB CardholderAgreement.
*30 day rolling period
