Debit cards can now be ordered for a non-account owner online through the Cash Management Hub in Wealthscape InvestorSM.
Beginning July 15, we will expand our offering to allow account owners to issue debit cards to non-account owners (3rd Parties). Cards can be ordered by the account owner online in Wealthscape Investor in the Cash Management Hub. Accounts eligible to order 3rd Party Debit cards include:
- Individual Accounts
- JTWROS
- Joint Tenants in Entirety
- Joint TOD
- Premiere Select HAS
3rd Party Debit Cards can be ordered by account owners who currently have a VisaTM Debit card on their brokerage account. Account owners may issue 3rd party cards to either minors or adults. Each card is issued with a unique debit card number which allows the account owner to manage the card, track spending and monitor transactions performed by the 3rd party.
3rd Party Debit Cards for Adults:
- Must be 18 years of age or older
- Have a default spend limit of $1000 daily
- Have access to the debit card call center to inquire about their debit card only and will not get additional account details
3rd Party Debit Card for Minors
- Must be 13 to 17 years of age
- Will expire about 90 days after the minor’s 18th birthday
- Have a daily spend limit of $250 daily
- Have access to the debit card call center to inquire about their debit card only and will not get additional account details
Notes:
- The account owner can manage the 3rd Party Debit card through the self-service features in the cash management hub in Wealthscape investor. Self- service features include locking the card to prevent use, activating the card, managing the PIN, and more.
- OFAC/CIP checks are performed on all our debit card holders, including this new offering.
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