Prepaid Reloadable Cards provide a convenient avenue of payment for businesses to pay their employees who are unable to have direct deposit to a regular bank account.
Some employees may not qualify for a regular checking account due to credit problems. Until now, employers were forced to cut them a paper check, incurring expenses. Additionally, many of these employees then turned to expensive check cashing services to get their money. This product provides a Visa branded card that can be direct deposited to and the employee can use at an ATM to get cash or like a debit card at a store to make purchases.
The convenience and simplicity of use are complemented with the following features and benefits to provide an optimized experience for you:
- Online banking
- Get cash at ATMs**
- Direct deposit payroll
- Easily replaced if lost/stolen
- Text messaging and alert setup
- Use online and alert setup
- Use online and over the phone
- No minimum balance requirements
- No credit check* - just load and go
- Use where debit cards are accepted
- Spend only what you load on the card
- Less setup than check processing and maintenance
- Load through direct deposit, online or at Western Union locations**
With no opening deposit, a low purchase fee and no monthly fee with direct deposit, the prepaid reloadable cards can be a valuable investment for your company and an easy way for your employees to access their money. To learn more about adding this service to your Online for Business package, contact Amy Yochum.
*Subject to identification verification
**Fees may apply
To learn more about how to add this service to your Online for Business package, call:
Mon - Fri: 8:30 AM - 5:00 PM EST
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