For those who don’t know, payroll cards, such as the rapid! PayCard, are prepaid cards that are loaded up by employers every pay period. The rapid! PayCard® lets you collect, manage, and spend your money with the convenience of a prepaid card, while providing greater security1 than carrying cash. Our rapid! PayCard requires no credit check2 and can be issued3, 4 instantly by your employer.
Using the rapid! PayCard gives employees lots of benefits and an easy, hassle-free user experience. This means less stress, less aggravation and less worry when it comes to actually getting your hard earned pay check.
With rapid! PayCard you can have all of your payments loaded directly onto your card. Our system works with more than just paychecks. You can also use your rapid! PayCard with your financial aid refund checks, military pension, retirement benefits or any other payment that is tied to a direct-deposit capability. This makes rapid! PayCard a smart, easy choice for more than just employees. The rapid! PayCard accepts standard direct deposits. You can also Deposit Funds from Approved Checks5 with Ingo Money6 mobile app.
Our PayCards eliminate a lot of time and stress that comes along with paper paychecks. You can load payroll direct deposits onto your rapid! PayCard simply by giving your employer your card account and routing numbers. You also can conveniently reload your card7 at most Western Union® Agent locations, Green Dot® financial service centers and retailers or MoneyGram® location. After the money is deposited on your card, users have immediate access to their funds. You no longer have to find the time to go to the bank and wait in line to cash or deposit your paycheck each pay period. This reduces the stress of actually having to figure out just how you are going to go get your money on payday. You can even set up text alerts6 with rapid! PayCard. These alerts will tell you when your paycheck, or other payments, have been loaded onto your card.
Another great feature of rapid! PayCard is that you will always get paid on Payday. Never again will you not get your money on payday. You can be home, off or even on vacation and your paycheck will be loaded on your card. You no longer have to go into the office on your day off, just to get your hard-earned check. rapid! PayCard can also follow you if you move jobs. You do not ever need to get a new card with a new job!
Also, because rapid! PayCard is a prepaid Visa or MasterCard card, it can be used wherever Debit MasterCard or Visa debit cards are accepted, eliminating the need to ever carry large sums of money on your person. This means you can pay all your bills8 with your rapid! PayCard as well. However, if you do need some cash you always have the ability to withdraw cash from any Automated Teller Machine (ATM). There’s no need to worry, because with rapid! PayCard there are no overdraft fees. There are also no more paycheck cashing fees as with traditional paper checks.
The rapid! PayCard has benefits for everyone and can be used anywhere with ease and convenience! If you’re interested in learning more about how the rapid! PayCard can benefit you (or your employees), contact us today!
1 Funds are FDIC insured. MetaBank® or The Bancorp Bank® are FDIC-insured members. For additional information regarding FDIC insurance and what it means for you as a cardholder visit fdic.gov/consumers
2 Because this is not a credit card, your credit will not be checked.
3 The rapid! PayCard® MasterCard Card is issued by MetaBank®, Member FDIC, pursuant to a license by MasterCard International Incorporated. Prepaid card can be used wherever Debit MasterCard is accepted. MasterCard is a registered trademark of MasterCard International Incorporated.
4 rapid! PayCard® Visa® Payroll Card is issued by The Bancorp Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted. The Bancorp Bank; Member FDIC.
5 All checks subject to review for approval. Some bank issuers may take up to 48 hours to post funds to your card account. Fees may apply.
6 While rapid! PayCard does not charge for this feature and service, standard text messaging, data and cellular rates may apply. Please check with your cell phone carrier and inquire about fees your carrier may associate with these services.
7 While rapid! PayCard does not charge for this service, a service fee by the reload agent may apply.
8This optional offer is not an issuing bank product or service nor does the issuing banks endorse this offer.
The information contained in this article and any other article do not reflect the views of rapid! PayCard®.