Are you wondering what a Payroll card is and who can benefit from it? – We have answers!

Payroll cards make a real difference for workers with Individual Taxpayer Identification Numbers (ITINs) who don’t have traditional bank accounts. These employees, including non-U.S. citizens and individuals without a Social Security Number, often struggle to access financial services. Payroll cards provide them with a reliable and convenient financial tool, similar to having a bank account in their hands. They can receive wages through direct deposit, pay bills, transfer money abroad, and withdraw cash from ATMs.  In addition to benefiting employees without traditional bank accounts, payroll cards have transformed wage distribution for businesses. They bring efficiency, convenience, and added security. By simplifying payroll processes, reducing reliance on physical checks, and offering advanced security features, payroll cards empower employees and create a more inclusive and secure financial experience.

But it doesn’t stop there. Payroll cards can also benefit family members who are too young to have their own bank accounts. Imagine giving your Fourteen-year-old a payroll card with their name on it and loading it with a portion of your pay. They can have money for activities like going out for ice cream and going to the movies, without the risk of losing cash. And since it’s a debit card, they can only spend the pre-loaded amount.

Payroll cards offer enhanced security by partnering with reputable payroll automated clearing house (ACH) companies. This protects against fraudulent activity and ensures employees’ funds are safe and sound. Employees also enjoy self-service features through their personal dashboard, where they can easily check pay statements and stay on top of their finances. While many payroll companies offer payroll cards, the strongest security measures are found when partnering directly with the payroll company’s ACH provider. By relying on payroll cards exclusively provided by trusted ACH partners, businesses can minimize risks and offer employees a more secure experience.

With access to over 40,000 ATMs, employees can conveniently access their cash. Payroll cards make the payment process hassle-free for “unbankable” employees and provide quick, easy access to their hard-earned money. Best of all, offering payroll cards to employees is free for employers, creating a win-win situation.

Experience the benefits of payroll cards – simplified payroll, increased security, and improved financial accessibility for your employees. Contact your friendly APlus CSS for more details