During the enrollment process to open a Planned-Spend Account, we’ll ask you to designate up to three primary beneficiaries that can receive your benefits. If you were to pass away, each beneficiary would receive their portion of your remaining Planned-Spend Account as a lump sum. If you designate more than one primary beneficiary, the remaining benefit of your Planned-Spend Account will be split equally between beneficiaries, unless otherwise directed.
Relay customers can also establish up to two contingent (secondary) beneficiaries, who would continue receiving the monthly payouts of your Planned-Spend Account in the event that your primary beneficiaries have already passed away at the time of your own death. To modify your Planned-Spend Account primary or contingent beneficiaries, please sign and complete the Beneficiary Form in your Document Center when you log into your account at www.relayrewards.com.
Note: any outstanding balance on a customer’s Relay Card will be sent to his/her estate, not to beneficiaries, and no further cash back rewards will be earned. A Relay Card is non-transferrable. Please refer to the Cardholder Agreement for more information regarding the terms and usage of your Relay Card.