Payroll Debit Cards Pluses for Employees and Employers in 2024 – Part Two

Payroll debit cards are a hot topic these days. Companies and employees both have lots of questions. How do payroll debit cards work? What are the benefits? Do employees have to use them?

This post will break it all down for you!

Save Some Cash, Pay Your Team in a Flash

First up, payroll debit cards save you money. Say bye-bye to the cost of paper checks and postage. With cards, your payroll service probably charges less per employee per pay period. Cha-ching!

Your people get their money way faster too. On payday, funds land instantly in their account instead of them having to wait around for a check. Sweet, right? No more expensive check cashing. People can use their card to get cash from ATMs. And they can shop online or swipe their card like a credit card. Useful? Heck yes!

Debit Cards Are Super Handy

I don’t know about you, but I love the convenience of paying with a little piece of plastic instead of cash. Well, payroll debit cards give your staff that same ease of use. They can tap their card to pay at checkout. Shop online. Pay bills electronically. All things tough to do with a paper check.

Remote workers will really appreciate payroll debit cards. No need to mail them checks way out in Timbuktu. The money just lands in their account on payday. Easy peasy! And not having to carry around loads of cash? Awesome sauce! The card gives them access to their dough anywhere major credit cards are accepted.

Keep Track of Your Dough on the Go

With payroll debit cards, your people get fancy online and mobile apps to monitor their balances and transactions. They can keep tabs on their money from their phones! The apps make it a cinch to catch any weird charges or errors too.

Say your employee has a question about a fee or charge. They can just ring up customer support for help. Payroll debit cards give your staff tons of control and visibility over their hard-earned pay.

Help Your Unbanked Employees

Got people on your team who don’t have traditional bank accounts? Payroll debit cards are a total game changer for them. No more insane check cashing fees! They can access their full pay, save money, and avoid carrying piles of cash around.

The cards give the convenience of electronic payments to employees who otherwise couldn’t get it. Having the card builds up their payment history too. All useful steps towards financial security. Pretty neat, huh?

Perks for The Employer 

Ok, beyond the obvious convenience and cost savings, some payroll companies throw in extra incentives for employers too. You might score discounted fees for enrolling a certain percentage of your team in the payroll card program.