Utilizing reloadable prepaid cards for your payroll distribution lets you offer employees the convenience of a pre-paid card while keeping your costs down.
Some benefits of using reloadable prepaid cards to distribute payroll are:
> Powerful financial education tool because reloadable prepaid cards helps your teen learn budgeting through managing the prepaid amount on the card.
> Reduce payroll-processing costs by eliminating check printing and processing.
> Eliminate costly out-of-cycle checks.
> Avoid charges for reissuing lost or stolen checks.
> Expand your direct deposit program to all employees—including those who do not have a checking account.
> Give employees peace of mind knowing that their pay is automatically available and accessible.
> Welcome anywhere Visa debit cards are accepted, your employees will have the flexibility to shop or pay bills by phone, online, or mail.
> Save your employees check-cashing and money order fees.
Let our experts help you determine how you can best utilize reloadable prepaid cards to provide teen financial education solutions for your credit union, business, and customers.
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