Should Employers Consider Using a Payroll Card For Employees?

A payroll card offers many benefits to employees, including instant access to their money. The use of a payroll card has replaced the traditional practice of paying employees with paper checks. Unlike paper checks, payroll cards don't charge an employee fee to cash them. Some cards even offer savings accounts and budgeting tools. However, it's important to inform employees of the fees associated with using payroll cards. For more useful reference, have a peek here https://www.payactiv.com/earned-wage-access/. 

Payroll cards should be a viable option for employees who do not have a checking account. Whether to opt for a payroll card or a traditional printed check is up to you - it's important to do your research and compare fees and convenience. Regardless of which option you choose, it's important to understand the terms and conditions of using payroll cards before making your final decision. Read more great facts on this company, click here. 

When it comes to payroll cards, consider using one that's secure and intuitive. Money Network provides payroll cards backed by Federal Deposit Insurance Corporation (FDIC). The company also offers zero-liability protection and enhanced security features. You can also benefit from their 20-year experience as a prepaid debit processing company. Please view this site https://www.investopedia.com/terms/p/payroll-card.asp  for further  details. 

A payroll card can also be a good alternative to direct deposit. Instead of sending paper checks, payroll cards can be loaded with an employee's pay each payday. In addition, payroll cards can be used anywhere that accepts electronic payment cards, including ATMs and cashback sites. The best part is that payroll cards are reloadable, so employees don't have to buy new cards each pay period.

Transferring money to a payroll card can be complicated or simple, depending on the payroll card provider. Some providers have built-in transfer services, while others require that employees open a bank account. For the unbanked, there are still more traditional methods. If you decide to go with a payroll card, be sure to check with your bank.