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The PayDay Visa® Card From Heartland
One of the most innovative and beneficial products to be introduced into the payroll market in recent years is the versatile "payroll card" — a replacement for the paper pay check. The PayDay Visa Card from Heartland is issued to your employees and on payday, their earnings are deposited to their card account in a manner very similar to direct deposit.
Offered in conjunction with Visa, the PayDay Visa Card is a PIN-based debit card featuring immediate access to deposited funds. The card is a tremendous benefit for employees who are mobile, who may not have a traditional bank account, or who simply want the convenience of using a card for their purchases.
It is also an excellent way for you to save money and offer your employees the additional convenience...truly a win-win situation.
Employer Benefits
By choosing this method of payment, you may realize substantial savings associated with traditional paper checks. Your employees receive their pay immediately and they will appreciate the versatility of this method of payment.
- Eliminates lost or stolen checks
- Eliminates check verification and reconciliation process
- Eliminates check fraud
- Accommodates immediate issue/termination
- Increases efficiency with payroll administration
- Increases employee retention and loyalty
Employee Benefits
Your employees have 24-hour, seven-day-a-week access to their payroll funds and do not have to be present every payday to receive a traditional pay check. The PayDay Visa Card can be used at any ATM or point of sale system that displays the following logos or at any Bank of America ATM.
Your employees will also have the security of knowing that their pay is protected even if the card is lost or stolen. Additional benefits include:
- Pay is available immediately on payday
- No high check cashing fees
- No need to have or qualify for a bank account
- Easy access to payroll funds through ATMs and POS systems throughout the country
- Spanish speaking cardholder support
- Lost or stolen cards replaced immediately
- Monthly employee statements
- No need to carry large sums of cash
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