Card of America™ Prepaid MasterCard® Payroll Check Card
If you had the opportunity to provide your employees a real financial benefit at the same time saving your company time and money, would you offer it? The US Treasury Department estimates that employers pay between $2 and $4 to issue a paper check. Moreover, employees without a bank account typically wait in line and pay a 3% fee to turn their paycheck into cash. The Prepaid MasterCard® by Card of America™ allows every legal US resident the ability to get paid via direct deposit and avoid the high fees associated with check cashing; saving them and you valuable time and money!
- Approximately 60 million Americans or 24 million households have no bank account.
- The “unbanked” are reported to spend $8 billion per year to cash paychecks.
- Only 55% of working Americans use Direct Deposit.
- Payroll Card direct deposits can reduce payroll expenses.
Paperless Payroll and Direct Deposit
Employers have been searching to find a practical method to pay unbanked workers electronically. Card networks, financial institutions, and third-party vendors throughout the country have developed payroll debit card products and services as a cost effective way for payroll professionals to electronically pay their population of unbanked workers.
Card of America™ presents a no hassle, no risk payment option to employers throughout the nation. The entire Card of America™ Prepaid line of products are fast becoming the safest and most convenient way for employers to issue payroll and other recurring funds without the hassle and cost of traditional checks.
Sign Up Now! or call us at 1-866-981-0034
Employer Costs:
- NO setup fees
- NO monthly access fees
Card of America™ provides a reloadable, prepaid MasterCard® which allow the employer to place their employee’s wages onto the card each pay period. The employees in turn can use the cards anywhere you see the MasterCard®, Maestro® or STAR® Acceptance Marks for PIN and ATM transactions and also use their card to make signature purchases anywhere they see the MasterCard® logo. It’s like having a bank in your wallet!
Everyone qualifies (with OFAC identity check)
- No credit check
- No bank account required
The Card of America™ Prepaid MasterCard® can be loaded via direct deposit from your employer. In addition, you get access to our Bill Payment and Long Distance Phone services. The card allows you many of the benefits associated with having a checking account without having to worry about bank approval. The best part is that the Card of America™ Prepaid MasterCard® can be yours with no credit check.
Features for:
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- Significant savings on payroll expenses
- Create employee loyalty - all employees qualify
- No start-up costs
- New employees can be instantly issued a card
- Account represantives assist with set-up and support
- Eliminate hassle and expense of lost and stolen payroll checks
- Eliminate paper payroll stubs - use our electronic and/or phone pay stub system
- Proven to dramatically improve employee retention
- Eliminate off-site employees from having to come in to receive pay checks
- Pay terminated employees immediately
- Incorrect pay amounts can be corrected immediately
- Eliminates check delivery costs
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- Funds available through the use of this card are held on deposit by Palm Desert National Bank, member FDIC.
- No charge to make purchases when using the card as a signature card or purchasing online
- Cash from any ATM machine
- Make purchases wherever MasterCard®, is accepted including online or by phone
- Rent cars, make airline and hotel reservations
- Track spending online - transaction records are always available
- Share money with family nationally and internationally at a very low cost
- Get cash back at merchants with purchase (requires PIN transaction)
- Pay bills by phone or Internet
- Reload prepaid cell minutes
- Make long distance phone calls
- Eliminate costly check cashing fees
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Other Features Include:
- Eliminate Check-cashing fees and money transfer costs
- Card of America Prepaid MasterCard® Card can be used to make purchases or pay bills anywhere PIN-based or MasterCard® Debit is accepted.
- No annual fees or minimum balance required
- Access money at millions of ATM’s worldwide
- Receive cash-back at retail, or purchase goods or services
- Free online statements
- Pay is available immediately on payday
- Companion Card provides a convenient and cost effective way to share funds with family and friends
Click here to learn more about the Card of America™ Prepaid MasterCard®
Sign Up Now! or call us at 1-866-981-0034
The fee schedule for the Card of America™ Prepaid MasterCard® Payroll card can be found here.