Regulate Year Voucher
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Below is a list of the most common customer questions. If you can’t find an answer to your question, please don’t hesitate to reach out to us.
Can a gift voucher expire?
The law requires that most gift cards or vouchers be sold with a mandatory minimum expiry period of three years. The period begins from the date a gift card is sold to a consumer. Businesses can choose to apply an expiry period longer than three years and no maximum expiry period applies.
What happens if a gift card expires?
Expiration and Fees Gift cards can only expire five years after the date the card was purchased or the date money was last loaded onto the card. You should not be charged a fee to replace your card if it expires before the underlying funds expire (less than five years).
Can I still use an expired gift card?
Federal Gift Card Law Thanks to the federal Credit CARD Act of 2009, gift certificates and store gift cards can't expire for five years. However, issuers can still charge an “inactivity fee” if the card has not been used within twelve months.
Can gift vouchers legally expire?
Expiry dates on gift vouchers Have no expiry date, or. Must be valid for at least 5 years from the date the gift voucher is issued.
What happens if prepaid card expires?
The Card will expire on the date on the front of the Card. However, the funds do not expire. After expiration of the Card, you may request issuance of a card with the remaining balance, minus a card issuance fee that will be deducted from the remaining balance.
How long are gift vouchers valid for?
The law requires that most gift cards or vouchers be sold with a mandatory minimum expiry period of three years. The period begins from the date a gift card is sold to a consumer. Businesses can choose to apply an expiry period longer than three years and no maximum expiry period applies.
Should gift vouchers have an expiry date?
Expired gift cards The time it takes for a gift voucher to expire is decided by the vendor our advice is to check the expiry date as soon as you receive it. There aren't any specific laws that say how long a gift voucher or card should last, meaning they could last anywhere from a few months to a few years.
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