There is now a solution for a direct deposit option, even if you do not have a bank account.
The Sole® Visa® Payroll Card is funded the same way a bank account is when you opt for direct deposit. This is a convenient option for your unbanked employees, saving them the time they would take – on breaks or at lunch – to have their check cashed at a check cashing store. The Sole® Visa® Payroll Card allows them to make purchases online, pay bills and use teh card everywhere Visa debit cards are accepted. You can also get cash back at no cost at point of sale.
Advantages to the Sole® Visa® Payroll Card:
- Employer/Signer does not need to be present on payday
- Disburse payment while Employee or Employer/Signer is on vacation or traveling
- Minimize check reconciliation for the employer
- Eliminate lost, stolen or destroyed checks
- Employees can shop online, download music, access thousands of ATMs, make purchases and pay bills with the millions of merchants that accept VISA debit cards
- Convenient, efficient, secure
- Eliminates check cashing fees and time spent going to have their checks cashed
- Multi-lingual assistance available 24/7/365 to help cardholders with their account
- All employees are eligible — no bank account or credit check necessary
For more information click here!