BENEFITS OF A PAYROLL DEBIT CARD PROGRAM
The EleVate alternative to a bank account is easier, faster and more convenient in every way. Both the employeer and employee benefit.
EMPLOYER BENEFITS
- Eliminate paper wage statements using the Electronic Wage Statement feature.
- Employees can access their pay stub via a secure website.
- Deliver termination pay, expense reimbursement, exception pay, bonus pay, funeral and jury duty compensationawards and incentives immediately.
- Pay delivered via a payroll debit card may eliminate ESCHEAT compliance since it is similar to direct deposit and funds are deemed legally delivered to the employee’s account.
- Correct errors quickly and immediately using electronic payment methodology.
- Quickly replace lost, damaged, or stolen cards.
- Inactivate the missing card and transfer remaining funds to a new one.
- Minimize or eliminate check counterfeiting and fraud by eliminating checks.
- Provide employees a secure and convenient way to get their pay.
- Provide an additional employee benefit at minimal cost to the employer and the employee.
- Incur little or no impact on your software or IT Department.
- Payroll debit card employees can be paid just like direct deposit employees.
- Minimize or eliminate the cost and labor of paper checks by allowing all employees to be paid via a direct deposit-type procedure, keeping costs as low as possible.
EMPLOYEE BENEFITS
- Immediate access to pay on the employee’s own debit card.
- A safe, convenient alternative to paper checks
- No need to cash a paycheck or make a deposit
- No check-cashing fees or waiting in lines to cash paychecks.
- Saves time every payday
- No need for a personal bank account
- Can’t be overdrawn.
- Access funds 24 hours a day, 7 days a week from ATMs, retail stores, phone, money transfer, etc..
- Check card balances on the telephone or the internet or ATMs.
- Privacy – limited personal information is required to register a stored-value account.
- Easy to send money to people around the world.
- Reduce international money transfer fees by up to 70%.
- Make purchases with the card and get cashback.
- Safe – No need to carry excess cash.
- Add money to the card from other sources (second job, government benefits, etc.).
- Complete transaction history provides a detailed activity record.
- Proof of payments made to creditors
- Functions as a pre-paid telephone calling card with low rates – USA and International Customer Service and Account Information by telephone and Internet – 24 hours a day – In English and Spanish.
- Each account F.D.I.C. insured up to $100,000.00
Call us at 888-850-7850 to answer questions and enroll in the EleVate program.
The EleVate Prepaid MasterCard is Issued By First Bank of Snook pursuant to license by MasterCard International. Group Card Resources, LLC is an authorized Member Service Provider of First Bank of Snook.
* The USA Patriot Act is a Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account. You will be asked to provide your name, address, date of birth and other information that will allow us to identify you. You may also be asked to provide documentation as proof of identification. Guaranteed Approval is contingent upon successful passing of mandatory identification confirmation.
