BREAD Prepaid MasterCard® Terms And Conditions



For a summary of the terms and conditions associated with your card, please review the following summary box. For the full cardholder terms and conditions, please read on.



SUMMARY BOX
The information contained in this table summarises key product features and is not intended to replace any terms and conditions
On Application
Card issue fee £7.50 (£10.00 if paying by SMS)
Additional card fee£7.50 (£10.00 if paying by SMS) for your secondary card
LimitsMinimum load amount £10
Maximum load amount £3500
Maximum card balance £3500
If we have issued you with a limited use card, the maximum that can be loaded in a calendar year is £1650 and the maximum cash withdrawal is £650
Usage Restrictions Secondary cards may only be loaded by money share from the primary card
Primary card holders must be over 18 years, secondary card holders must be over 14 years old
You may not use your card at Pay at Pump petrol stations
Ongoing Features
Replacement card fees£7.50 per card to replace expired, lost or stolen card
Transaction fee2% of the purchase transaction amount
£1.50 to share money between primary and secondary cards, maximum £3500
Cash withdrawal fee£1.50 per ATM withdrawal in the UK
£1.99 for ATM withdrawals outside the UK
Maximum £250 per day
Please note some ATM operators may charge an additional fee.
Balance enquiry By Txt - Cost of SMS (charged by phone operator)
By Web - FREE
By Phone - 10p per min
Top up fees / Daily limitsBy BACS - FREE, Limit £3500
By Post Office - FREE, Limit £500
By PayPoint - 3% of value, Limit £500
By UK Debit Card - £1.00, Limit £250
You may only top up your card twice per day to the limits indicated and you cannot exceed the card maximum balance
Other FeesForeign Exchange Fee 2.75% of the transaction value for transactions in other currencies
Non-Use Fee £1 for each month where there is no account activity in the previous 3 months.
Closure
Cancellation / redemption£10.00 redemption fee (if you decide to close your account after 14 days)
ExpiryCard valid for 2 years

These terms and conditions apply to your Prepaid Card. You must read them carefully. In these terms and conditions "you" means the named Prepaid Cardholder and the authorised user of the Prepaid Card. "We", "us" or "our" means Wirecard Card Solutions Limited or Quantum Card Services Ltd acting on its behalf. “Website” means our website at www.breadcard.com

1. Your Prepaid MasterCard® Card

You can use the Prepaid Card at any location that displays the MasterCard Acceptance Mark, including shops, restaurants, online, or on the telephone. You can also use your Prepaid Card overseas. You may not use your prepaid card at automated fuel dispensers. Before using the Prepaid Card you need to make sure there are enough funds loaded on it. You will not be able to use your Prepaid Card after its expiry date.

Your Prepaid Card is not a credit card and is not in any way connected to your bank account. You will not earn any interest on any funds loaded on your Prepaid Card.

Where you have requested Additional Prepaid Cardholders, you authorise us to issue Prepaid Cards and a PIN to the Additional Prepaid Cardholders and you authorise each Additional Prepaid Cardholders to authorise transactions on your behalf.

2. Applying for and activating your Prepaid Card

To apply for our Prepaid Card you must be at least 18 years old and a UK resident. We will require evidence of who you are and your address. We may ask you to provide some documentary evidence to prove this and/or we may carry out checks on you electronically.

You must sign the signature strip on the back of the Prepaid Card as soon as it is received. Please refer to our Website for all Prepaid Card loading options, or refer to the “Loading your Prepaid Card” section below.

You card will normally be delivered to you within 10 working days of receipt of your application unless otherwise notified on the Website

By using the Prepaid Card you are agreeing to these terms and conditions.

3. Loading your Prepaid Card

Funds can be loaded to your Prepaid Card in a number of ways: internet top-up, phone top-up, cash top up at selected retail outlets and top ups from your bank account - Simply follow the instructions at the Website.

The maximum initial load on your Prepaid Card is £3,500. Your Prepaid Card cannot be loaded more than twice in any one day. The balance on your Prepaid Card can never exceed £3,500 at any time. We reserve the right to refuse to accept any particular loading transaction. If available for your card product, the maximum daily cash load on your Prepaid Card is £500.00 when made at a Post Office or PayPoint terminal.

Upon Receipt, your funds will be available for use without delay. If applicable, A PayPoint load will usually be available within one hour of loading. BACS and Post Office loads will take up to a maximum of three working days to be received by us.

A Load/Reload Fee may apply for each load/reload that you make. Please see Section 12 below for details of when a Load/Reload fee will apply and how much it will be.

4. Using your Prepaid Card

Detailed instructions on how to use your Prepaid Card are found on the Website. You will need to follow these instructions when using your Prepaid Card.

We will deduct the value of your transactions from the balance on your Prepaid Card as soon as they are made. We will also deduct any applicable fees as soon as they become payable by you, see our Fees section below for details of our fees.

The Prepaid Card belongs to us. We may ask you to stop using your Prepaid Card and return it to us or destroy it. We may at anytime suspend, restrict or cancel your Prepaid Card or refuse to issue or replace a Prepaid Card for reasons relating to the following:

  • we are concerned about security of your account or Prepaid Cards we have issued to you;
  • we suspect your account is being used in an unauthorised or fraudulent manner;
  • or we need to do so to comply with the law.

If we do this, we will tell you as soon as we can or are permitted to do so after we have taken these steps.

Like other payment cards, we cannot guarantee a retailer will accept your Prepaid Card. We may also refuse to pay a transaction:

  • if we are concerned about security of your Prepaid Card or we suspect your Prepaid Card is being used in an unauthorised or fraudulent manner;
  • If sufficient funds are not loaded on your Prepaid Card at the time of a transaction to cover the amount of the transaction and any applicable fees;
  • if there is an outstanding Shortfall on the Prepaid Card in accordance with condition 12;
  • if we have reasonable grounds to believe that you are acting in breach of this agreement;
  • if we believe that a transaction is potentially suspicious or illegal (for example, if we believe that a transaction is being made fraudulently); or
  • because of errors, failures (whether mechanical or otherwise) or refusals by merchants, payment processors or payment schemes processing transactions.

If we refuse to authorise a transaction, we will, if practicable, tell you why immediately unless it would be unlawful for us to do so. You may correct any information we hold and which may have caused us to refuse a transaction by contacting us on via the Website.

5. Authorising Transactions

Subject to the features of the particular Prepaid Card, the authorisation of a transaction can include authorising any single transaction, a series or recurring transactions (including transactions for an indefinite period) or pre-authorising future transactions of a certain or uncertain amount.

A Prepaid Card transaction will be regarded as authorised by you where you;

  • authorise the transaction at the point of sale by following the instructions provided by the merchant or retailer to authorise the transaction, which may include:
  1. entering your PIN or providing any other security code;
  2. signing a sales voucher;
  3. providing the Prepaid Card details and/ or providing any other details as requested;
  4. waving or swiping the Prepaid Card over a card reader
  • insert a Prepaid Card and enter your PIN to request a cash withdrawal at an ATM;
  • make a request for a cash advance at any bank counter;

Authorisation for a transaction may not be withdrawn (or revoked) by you after the time it is received. However, the following transactions may be withdrawn if you or an additional Prepaid Cardholder gives notice to the supplier (providing a copy of the notice to us):

  • any transaction which is agreed to take place on a date later than the date is was authorised as long as notice was provided no later than the close of business on the business day before it was due to take place;

We may charge you a fee if a transaction is revoked by you under this condition, please see our fees table in section 12 below.

We will pay the funds required by the retailer or merchant to cover the transactions authorised by you within 3 days of us receiving their request. A transaction (the payment order) will be received as follows:

  • for purchases and ATM transactions, at the time we receive the transaction instruction from the merchant acquirer or ATM operator;
  • for other transactions which are communicated directly to us, at the time you ask us to complete the transaction.
  • If, in relation to;
  1. purchases and ATM transactions, we receive the transaction instruction from the merchant acquirer or ATM operator; or
  2. other transactions communicated directly to us, you ask us to complete the transaction after 1pm, the transaction instruction or request will be deemed to have been received by us on the following business day.

6. Cancellation and expiry of your Prepaid Card

This agreement between Us and You will always be valid for a period of 12 months longer than the validity of Your current Prepaid Card unless terminated. Your first Prepaid Card is valid for 24 months.

Providing that we have sufficient evidence of identity from you, you have used your Prepaid Card within the last 3 months of your current card's validity and / or have sufficient funds to cover any replacement card costs and unless we have been told otherwise, we will replace your Prepaid card automatically with a validity of a further 24 months to the address that we have on record approximately 21 days prior to its expiry. At this point, this agreement will automatically renew with a validity of 12 months longer than that of your replacement Prepaid Card.

When we issue a replacement card we may charge a fee. Please see section 12 for a summary of fees.

You have a legal right to cancel your Prepaid Card up to 14 days after you receive the Prepaid Card without being charged the Redemption Fee – this 14 day period is known as the “Cooling-Off Period”. Under these terms and conditions, you also have the right to cancel your Prepaid Card at any time after the 14 day Cooling-Off Period without notice and any funds remaining on your Prepaid Card will be returned to you within 5 days subject to satisfactory checks being completed.

We may also cancel your agreement for any reason by giving you at least 2 month's notice:

  • if this agreement or your card expires on a set date and we have not agreed to renew this Agreement;
  • if you break an important part of this agreement, or repeatedly break the agreement and fail to resolve the matter in a timely manner;
  • if you act in a manner that is threatening or abusive to our staff, or any or our representatives;
  • if you fail to pay fees or charges that you have incurred or fail to put right any shortfall;
  • in the event of your death

We may also cancel this agreement or suspend your card or account immediately if we believe your Prepaid Card is deliberately being used by you to commit fraud or for other illegal purposes. If we do this we will tell you as soon as we are permitted to do so.

If this agreement is cancelled, we will immediately block your Prepaid Card so it cannot be used.

You will not be entitled to a refund of money you have already spent on transactions authorised, or pending or any fees for use of the Prepaid Card before the Prepaid Card is cancelled or expires. You can cancel your Prepaid Card by sending an email to us using the “contact us” function on the Website, and confirming that you have destroyed your Prepaid Card.

If you cancel your Prepaid Card, once all transactions and fees have been deducted, we will arrange for any unused funds to be refunded to you, see "Your Rights to Redemption of Funds and Refunding of Transactions on your Prepaid Card" section below for further information. A Redemption Fee may be charged (see Fees section below) unless you have arranged to transfer any unused funds to another Prepaid Card managed by us, or you cancel your Prepaid Card within 14 days of receiving it.

7. Keeping your Prepaid Card secure

You should treat your Prepaid Card like cash. If it is lost or stolen, you may lose some or all of your money on your Prepaid Card, in the same way as if you lost cash in your wallet or purse. As a result, you must keep your Prepaid Card safe and not let anyone else use it.

If you are issued with a PIN, you must keep it secret at all times. You should memorise the PIN, destroying the notification and never disclose the PIN or security information to anyone. If you suspect that someone else knows your PIN, you should change it as soon as possible. You can change your PIN to something more memorable at most ATM machines by following the on screen instructions.

We recommend that you check the balance on your Prepaid Card regularly online at the Website. We will provide you with your Prepaid Card balance and a statement of recent transactions either by electronic means or on our secure webpage at any time. Your statement will show:

  • information relating to each Prepaid Card transaction which will enable it to be identified;
  • the amount of the Prepaid Card transaction shown in the currency in which the transaction was paid or debited to the account;
  • the amount of charges for the transaction
  • the date the transaction is authorised or posted on to the account.

8. Lost and stolen Prepaid Card and unauthorised or incorrectly executed payments

You must tell us without undue delay by calling us on our 24 hour lost and stolen card helpline 020 3475 5351 if you know or suspect that a Prepaid Card is lost or stolen or that the PIN or password is known to an unauthorised person or if you think a transaction has been incorrectly executed.

We will refund any incorrectly executed transaction immediately unless we have any reason to believe that the incident has been caused by a breach of this agreement, gross negligence or we have reasonable grounds to suspect fraudulent activity.

However, if the investigations show that any disputed transaction was authorised by you, or you have acted fraudulently or with gross negligence (for example by failing to keep your Prepaid Card or PIN secure), you may be liable any loss we suffer because of the use of the Prepaid Card.

9. Our liability

We will not be liable for any loss arising from:

  • any cause which results from abnormal or unforeseen circumstances beyond our control, consequences which would have been unavoidable despite all our efforts to the contrary; or
  • a retailer refusing to accept your Prepaid Card; or
  • our compliance with legal and regulatory requirements;
  • loss or corruption of data unless caused by our wilful default.

We are also not liable for:

  • business interruption, loss of revenue, goodwill, opportunity or anticipated savings;
  • any indirect or consequential loss.

10. Your Rights to Redemption of Funds and Refunding of Transactions on your Prepaid Card

Redeeming the funds on your Prepaid Card

You have the right to redeem the funds on your Prepaid Card at any time in whole or in part. To do so, please either send us an e-mail using the “contact us” facility on the Website, or contact us by telephone using the number on the Website, requesting redemption and indicating the amount to be redeemed.

If your request redemption of all funds on your Prepaid Card, please confirm in writing that you have destroyed your Prepaid Card by cutting it up. When we process your redemption request, we may require you to provide us with documents such as identification so we may process your request in accordance with legal requirements. We may also charge a Redemption Fee if one of the following circumstances applies:

  • You are requesting redemption before termination or expiry of this agreement;
  • You cancel this agreement before any agreed termination date; or
  • You request redemption more than one year after the date of termination or expiry of this agreement

Please see section 12 for a summary of all fees including Redemption Fees.

We will not redeem the value of the funds on your Card to you if your request for redemption of the funds is more than six years after the date of termination or expiry of this agreement.

We will send a cheque to your last notified address or arrange an electronic transfer to a bank account nominated by you. However, to enable us to comply with our legal obligations, we may ask you to provide us with certain information before we can process your refund request.

Refunding Transactions

You may be entitled to claim a refund in relation to transactions where:

  • the transactions was not authorised under this agreement;
  • we are responsible for a transaction which was incorrectly executed notified us in accordance with section 8 above;
  • a pre-authorised transaction did not specify the exact amount at the time of its authorisation and the amount charged by a supplier is more than you or an additional Prepaid Cardholder could reasonably have expected taking into account normal spending patters on the Prepaid Card or the circumstances of the transaction.
  • A claim for a refund in the circumstances set out above will not be accepted if the amount of the transaction was made available to you at least 4 weeks before the transaction date or it is made more than 8 weeks after being debited to your account.
  • We were notified of the unauthorised/incorrectly executed transaction within 13 months of the debit date.

11. Changes to these terms

We may change these terms at any time by notifying you by e-mail or other agreed means at least 2 months before the change is due to take effect. The up-to-date version of the Prepaid Card terms and conditions will always be available on the Website. The change will automatically take effect and you will be taken to have accepted the notified change unless you tell us that you do not agree to the change. In that event, we will treat that notice as notification that you wish immediately to terminate. In such circumstances we will refund any balance on the card in accordance with section 10 above and you will not be charged a Redemption Fee.

We may make immediate changes to the exchange rate used to convert foreign transactions into Sterling. For all transactions made in a foreign currency you can find out what the applicable exchange rate was at the time of the transaction via the MasterCard website https://www.mastercard.com/us/personal/en/cardholderservices/currencyconversion/index.html

12. Fees and usage restrictions

We do not charge any fees for checking your balance and transactions online or for requesting your balance via SMS. However the following fees do apply:

Fee TypeAmount
Prepaid Card Purchase Fee£7.50 (£10 if paying via SMS)
Purchase Fee for Optional Secondary Card£7.50 (£10 if paying via SMS)
Monthly Management Fee£FREE per month
Point Of Sale Transaction2% of transaction value
Domestic (UK) ATM Transaction£1.50
International ATM Transaction£1.99
Card to Card Transfer Fee£1.50
Lost and Stolen block£FREE
Foreign Exchange Fee2.75% of transaction value
Customer service telephone enquiries£0.10 per minute
Customer Services email enquiries£Free
Card Replacement / Renewal Fee£7.50
PIN Issue / Re-Issue£Free
Non-Use Fee£1 for each month where there is no account activity in the previous 3 months
Redemption Fee£10.00
Administration Fee£10.00

When your Prepaid Card is topped up, a load fee applies as set out in this table:

Loading money onto your card

Load Point Size of LoadLoad fee
Post Office£0-500.00 (Max £500.00 per transaction) FREE
PayPoint£0-500.00 (Max £500.00 per transaction) 3% of load total
Standing Order£0-3500.00 (Max £3500.00 per transaction)FREE
Payroll£0-3500.00 (Max £3500.00 per transaction)FREE
Bank Transfer£0-3500.00 (Max £3500.00 per transaction)FREE
UK Debit Card£0-250.00 (Max £250.00 per transaction)£1.00

When you use your Prepaid Card at an ATM, you may also be subject to applicable fees, surcharge rules and regulations of the relevant ATM, or other financial institution or association.

If we decide to increase or impose any new fees, we will tell you by e-mail, text, or post, at least two months before any changes take effect. Authorisation will be requested for all transactions at the time of each transaction. In the unlikely event, for any reason whatsoever, a transaction is completed when there are insufficient funds on the Prepaid Card for that transaction (a "Shortfall"), the Shortfall shall be reimbursed by you unless it is due to an error on the part of the retailer where the Prepaid Card was presented, in this circumstance we may seek the Shortfall from the retailer.

You agree that once we make this Shortfall known to you, we may charge you for the Shortfall amount. We may charge the amount of the shortfall from any other Prepaid Cards that you hold with us, to any other payment method which you may designate at that time, or against any funds which you may subsequently load onto your Prepaid Card or on any additional Prepaid Card ordered by you. Until we are reimbursed the Shortfall amount, we may suspend your Prepaid Card and any additional Prepaid Cards connected to you. In addition, we reserve the right to charge you an Administration Fee for each transaction that you make using your Prepaid Card that results in a Shortfall or increases the Shortfall amount on your Prepaid Card.

13. Your details

You must let us know as soon as possible if you change name, address, phone number or e-mail address. If we contact you in relation to your Prepaid Card, for example, to notify you that we have cancelled your Prepaid Card or to send you a refund by cheque, we will use the most recent contact details you have provided to us. Any e-mail to you will be treated as being received as soon as it is sent by us. We will not be liable to you if your contact details have changed and you have not told us.

14. Data Protection

In purchasing the Prepaid Card on the Website and using it, you agree that we can use your personal information in accordance with our Privacy Policy. Our Privacy Policy is set out on our Website, it includes details of the personal information that we collect, how it will be used, and who we pass it to. You can tell us if you don't want to receive any marketing materials from us.

15. Disputes with Retailers

If you have any disputes about purchases made using your Prepaid Card, you should settle these with the person you bought the goods or services from. We are not responsible for the quality, safety, legality or any other aspect of any goods or services purchased with your Prepaid Card. Remember that once you have used your Prepaid Card to make a purchase we cannot stop that transaction.

16. Communication

If you have an enquiry relating to your Prepaid Card, you can use the "Contact Us" facility on the website. We will deal with your enquiry promptly. If you do not wish to enquire in this way you can alternatively call our customer service telephone line on 0871 288 3272 or if your card has been lost or stolen on 0845 603 2378. The customer services telephone line is a chargeable service. Calls cost 10p per minute from a fixed BT landline. Call costs from other networks may vary.

17. Complaints

The Prepaid Card programme is managed by Payment Card Solutions (UK) Limited and Quantum Card Services Ltd. If you are unhappy in any way with your Prepaid Card or the way it is managed, tell us by using the email enquiry facility on the Website or write to us at the address above so we can investigate the circumstances for you. Any complaints you have will be dealt with quickly and fairly. You may be able to take unresolved complaints to the Financial Ombudsman Service at Exchange Tower, London, E14 9SR. Telephone: 0800 023 4567 or 0300 123 9123 and e-mail: enquiries@financial-ombudsman.org.uk

18. Compensation

The Prepaid Card is an electronic money product and although it is a product regulated by the Financial Conduct Authority, it is not covered by the Financial Services Compensation Scheme. No other compensation scheme exists to cover losses claimed in connection with the Prepaid Card. This means that in the event that Wirecard Card Solutions Ltd becomes insolvent your funds may become valueless and unusable and as a result you may lose your money.

19. Assignment

We may assign the benefit and burden of these terms and conditions to another company at any time, on giving you 2 month’s prior notice of this. If we do this, your rights will not be affected.

20. Moving to a new Prepaid Card

We may Move your unused balance to a new Prepaid Card provided by a Prepaid Card issuer other than Wirecard Card Solutions Ltd at any time. Before we do this, we will give you 2 month's notice of the new Prepaid Card arrangements and the new Prepaid Card terms and conditions. Unless you advise us within the 2 month period that you do not want a new Prepaid Card from the new Prepaid Card issuer, you agree that we can automatically transfer the unused balance on your Prepaid Card to a new Prepaid Card provided by the new Prepaid Card issuer.

21. Governing Law

This Agreement is concluded in English. All communications with you will be in English. These terms and conditions will be construed in accordance with English law.

22. Fund Protection

As a responsible e-money issuer, Wirecard Card Solutions Ltd ensures that once it has received your funds they are deposited in a secure account, specifically for the purpose of redeeming transactions made by your Prepaid Card. In the event that Wirecard Card Solutions Ltd becomes insolvent funds that you have loaded which have arrived with and been deposited by Wirecard Card Solutions Ltd are protected against the claims made by creditors.

23. Prepaid Card Issuer

Your Prepaid Card is issued by Wirecard Card Solutions Ltd (“WDCS”) pursuant to licence by MasterCard International Inc. WDCS is authorised by the Financial Conduct Authority to conduct electronic money service activities under the Electronic Money Regulations 2011 (hyperlink to the Regs>) (Ref: 900051) Your Prepaid Card is the property of WDCS and is not transferable to anyone else.