Prexpe review

The monthly fee is PEN 0, so there is no standing charge for keeping the account open. That makes it a low-cost alternative to cards that bill a monthly subscription. Top-ups and any currency conversion are the costs to check before spending abroad.

Free ATM withdrawals are covered under the allowance of PEN 0. Anything taken beyond that allowance would fall under the operator's charges. The card runs on the mastercard network, which is accepted at many cash machines.

The card type is prepaid, and a virtual card is listed among its features in multi currency, virtual card and travel. That suits online bookings and everyday spending. Cash machine use depends on what the account provides alongside the virtual card.

Multi-currency is listed as a feature, and the account covers 2 currencies. Holding a balance in a second currency can reduce the need to convert at a cash machine. Which currencies are available is worth checking against your travel plans.

Support runs through email, chat and help centre. Email and chat give you a written record of what you were told, which is useful for a travel money problem. Phone is not among those channels, so time-sensitive queries go through chat or email.

No regulator, licence or protection scheme is listed for Prexpe, so no deposit cover on the balance is stated. That is worth weighing before holding a larger amount while travelling. Account questions go to email, chat and help centre.

The account is a prepaid card on the mastercard network, with multi-currency and travel among its features in multi currency, virtual card and travel. It fits people who want a PEN 0 monthly fee for online spending and trips.

With a monthly fee of PEN 0 and free ATM withdrawals up to PEN 0, a short trip carries few stated costs. Currency conversion is the term to check, since a conversion fee is not among its features. Spending mainly from a stored currency keeps it simple.