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Broxel to Pathward® Transition FAQs.

Why are Financiera para el Bienestar account opening applications paused?

Broxel is partnering with a new bank, Pathward®, National Association, meaning they are not opening new accounts at the moment. This change will allow Broxel to provide you with an enhanced financial experience.
Since your Financiera para el Bienestar is a service and product provided by Broxel, this change will affect your account as well.
But don’t worry, you will be able to open a new account soon. Stay tuned!

Why is my current Financiera para el Bienestar account being closed?

Broxel is changing bank partners from Metropolitan Commercial Bank (MCB) to Pathward®, National Association.
Your current Financiera para el Bienestar account issued by Metropolitan Commercial Bank (MCB) will be closed on October 8th, 2024. After this date, you can no longer use your card or access its associated services.
To avoid disruption to your Financiera para el Bienestar services, you’ll need to opt-in and open a new Financiera para el Bienestar account with Pathward by accepting a new cardholder agreement and terms. You’ll be required to opt-in to the transition process before September 30th, 202.

What does opting-in mean?

Opting-in means you agree to transition your current Financiera para el Bienestar account to Pathward. You’ll need to submit an application and have your identity verified. If approved, you’ll receive a new account with updated details, and we will transfer your balance to your new account.

What happens if I don't opt-in?

If you don’t opt-in by September 30th or your application is not approved, your current Financiera para el Bienestar account will be closed on October 8th, and any remaining balance will be mailed to you by check.

How do I opt-in?

We will be reaching out on multiple channels like email, push notifications, and the Financiera para el Bienestar App with instructions on how to opt-in. The process typically takes a few minutes and requires some basic information like ID, address, email, and phone number.

What are the benefits of transitioning to Pathward?

You’ll enjoy increased spending limits, the ability to send remittances to Mexico, a new Visa® card with contactless technology, and continued access to all your favorite Financiera para el Bienestar features.

What happens after I opt-in?

Once you opt in and if your application is approved, Broxel will send you a confirmation with instructions on when your new account will be ready.

What documents do I need to provide for ID verification during opt-in?

Before you begin, make sure you have the following:

  • One of these valid IDs
    • Mexican documents: INE, passport, driver’s license, consular ID card
    • American documents: SSN, passport, driver’s license
  • Valid address in the US: Your current US residential address (You may be required proof of address)

Once you’ve opted-in, you’ll receive confirmation with instructions on when your new account will be ready.

Can I opt-in after the September 30th deadline?

No, the last day to opt-in to open a new account is on September 30th. If you miss this deadline or your application is not approved, your current Financiera para el Bienestar account issued by MCB will be closed on October 8th, and any remaining balance will be mailed to you by check. After this date, you will no longer be able to log into the app, nor use your card or associated services.
But don’t worry! You will be able to open a new account later this year.

When will I receive my new Visa® card?

We will notify you when your card is on its way. You can expect it to arrive in 10 business days after receiving such email.

Will my account number and routing number change with the new account?

Yes, your account number and routing number will change with the transition to Pathward. We will provide you with the new details once your application is approved and your new account is ready.

How do I update my billers and merchants with my new account details for recurring payments?

You’ll need to contact your billers and merchants directly to update your account information for recurring payments (e.g., subscriptions, utilities) as soon as you receive your new account details.

Will my money be protected or insured by the FDIC if I opt-in?

Yes, funds in your new card will be held at an FDIC-insured institution. When you add money to your new Visa® Prepaid Card issued by Pathward, the funds will be placed with an FDIC-insured financial institution. Once there, your funds are eligible for FDIC pass-through insurance, subject to applicable limitations and restrictions, up to $250,000, in the aggregate, provided certain FDIC requirements are met and your Card is registered. FDIC insurance applies in the event the FDIC-insured institution fails. FDIC insurance does not protect your funds in the event of Servicios Broxel S.A.P.I. de C.V.’s failure or from the risk of theft or fraud.
You can review further details on FDIC pass-through insurance for the funds in your card in the new cardholder agreement.
For general FDIC pass-through insurance information, see fdic.gov/deposit/deposits/prepaid.html.

What happens to my remaining balance during the transition?

Your remaining balance will be transferred to your new Financiera para el Bienestar account with Pathward if you decide to opt-in and your application is approved.
If you decide not to transition to Pathward, or your application has not been approved, your current Financier para el Bienestar account will be closed by October 8th,2024, and a check for the remaining balance will be mailed to the address associated with your account within 30 days following the date of closure.

How do I update my mailing address?

Broxel will provide instructions on updating your mailing address in future emails. Please make sure to check all folders including SPAM.

How can I get help with the transition?

We’ll provide step-by-step guidance and personalized support in English or Spanish if you have any additional questions. You can reach us conveniently through your preferred channel.
Chat with us online at tarjetafinabien.com/us/ or through the in-app chat in the help section.
Or call our customer service team toll-free

  • From the United States: 1 855 279 2720
  • From Mexico: 55 8890 9835
  • Rest of the world: 1 801 677 8612.

BY USING THIS CARD YOU AGREE WITH THE TERMS AND CONDITIONS OF THE CARDHOLDER AGREEMENT AND FEE SCHEDULE.
The Financiera para el Bienestar® Visa® Prepaid Card is issued by Pathward®, National Association, Member FDIC, pursuant to a license from Visa U.S.A. Inc. Card program marketed and administered by Servicios Broxel S.A.P.I de C.V.

Servicios Broxel S.A.P.I. de C.V. is a financial technology company, not a bank or financial institution.

FOR CUSTOMER SERVICE CALL SERVICIOS BROXEL S.A.P.I DE C.V. AT 1-855-279-2720. 2700 Post Oak Blvd, 21st Floor, Suite 22-107, Houston, TX 77056.

Funds in your Financiera para el Bienestar® Visa® Prepaid Card are held at an FDIC insured institution. When you add money to your Financiera para el Bienestar® Visa® Prepaid Card, the funds will be placed with an FDIC-insured financial institution. Once there, your funds are eligible for FDIC pass-through insurance, subject to applicable limitations and restrictions, up to $250,000, in the aggregate, provided certain FDIC requirements are met and your Card is registered. FDIC insurance applies in the event the FDIC-insured institution fails. FDIC insurance does not protect your funds in the event of Servicios Broxel S.A.P.I. de C.V.’s failure or from the risk of theft or fraud. See cardholder agreement for further details on FDIC pass-through insurance for the funds in your Financiera para el Bienestar® Visa® Prepaid Card. For general FDIC pass-through insurance information, see fdic.gov/deposit/deposits/prepaid.html.