Navy Cash Standard Operating Procedures - Financial Management ...

Working Draft8.2.3 Navy Cash Card Limitsa. Individual Cardholders(1) A $400 daily maximum limit has been pre-set on funds transfers from anindividual’s bank or credit union account to his/her Navy / Marine Cash account.(2) No more than $1,000 can be loaded on the e- purse.b. Merchant Cardholders(1) For merchants who settle to bank or credit union accounts, a $5,000 dailymaximum limit has been pre-set on funds transfers from the bank or credit union account to theNavy / Marine Cash account.(2) No more than $9,999.99 can be loaded on the e-purse. This limit preventspurchases of $10,000 or larger on the ship in a single payment. For example, a CV/CVNwardroom treasurer pays a monthly food invoice to the general mess that can be as much as$30,000. In a situation like this, the shipboard merchant can elect to make more than onepayment with the organization’s Navy Cash card or simply pay by check.c. Modifying Navy Cash Card Limits(1) These individual and merchant cardholder limits can be modified for particularaccounts by the Disbursing Officer through the Navy Cash application (see paragraph 8.4.22,Account Information Update) or the Navy Cash Center web site (see paragraph 8.14 andAppendix E) or by contacting the Customer Service Center (CSC) (see paragraph 8.14).(2) Any updates to card limits done through the Navy Cash application are effectiveimmediately on board the ship and will regulate any subsequent funds transfer requests thecardholder attempts at the K80 Cashless ATM. Updates done through the Navy Cash Center website do not go into effect on board the ship until a round trip is completed between ship andshore. Updates done through the CSC do not go into effect on board the ship until the CSCreceives the information, processes the request, and a round trip is completed between ship andshore.(3) For individual cardholders, reducing the maximum amount that can betransferred from a bank or credit union account ashore and/or reducing the maximum amountthat can be loaded on the chip are options available to discipline a cardholder who continues tohave problems with negative account balances or other personal financial responsibilities.8.2.4 Navy Cash Card Expirationa. Navy Cash cards expire three years from the initial date of issue. The actualexpiration date is the last day of the month indicated in the “Valid Thru” date embossed on thefront of Navy Cash permanent and temporary cards and the date printed on the back of the NavyCash visitor cards. When a card expires, the chip on the card no longer functions.NC SOP Ver 1.12 Chpt 8 Disbursing.doc 8-9 8.16.2007Working Draft