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Paycards, also known as payroll cards, are an alternative way to pay employees who don't have bank accounts. Learn more about paycards with Paychex.
A paycard is a prepaid card used to pay employees in place of more traditional forms such as a direct deposit. Because using a paycard eliminates the need for employees to cash...
A pay card, or payroll card, is one way of getting your paycheck. Pay cards are a kind of reloadable debit card — employers can give them to their employees and deposit paychecks onto the cards instead of printing checks or using direct deposit. They’re good for employees who don’t have bank accounts or other reloadable debit cards.
Employees can enroll quickly and easily through our self-service mobile app. On approval, they’ll enjoy instant access to a digital pay card. A physical card follows by mail. With the free My Vault Card app, employees can review and monitor their pay card funds.
A pay card (also known as a payroll card) is a prepaid debit card employers use to pay employees who don’t have bank accounts. Although regulated by federal and state law, they’re similar to direct deposits in that money is sent electronically, and setup is sometimes free.
With a pay card, wages are loaded on a prepaid card, accessible for immediate use for online or in-person purchases. Direct deposit electronically transfers earnings into a bank or financial account, normally without fees.
A paycard is a convenient way for employees to be paid. Instead of a traditional bank account, pay is loaded into the paycard account. Employees can then save or spend their money using their paycard.