A payroll card is a prepaid card that employers can use to pay their employees instead of using paychecks. Funds can be issued to a payroll card at whatever interval an employer chooses, whether that’s daily, weekly, or however frequently they’d like. This allows employees to access their money when they need it rather than having to wait for a paycheck. Payroll cards can be used like a debit card wherever Mastercard is accepted.
With a Fintwist payroll card, employers have the ability to opt to allow employees to access advanced pay. Employers can allow employees to access up to two weeks of advanced pay with a payroll card. By nature, employees also can’t overdraft a payroll card as anything over their current balance will automatically be deducted from their future pay.
Payroll cards streamline getting paid by removing bureaucratic barriers, eliminating fees, and improving accessibility for all employees. With a payroll card, employees don’t need to have a bank account: the funds can go straight to the card in the employee’s pocket. Tips, bonuses, and any other form of payment disbursement are also automatically added to the card hassle-free. With a payroll card, employers don’t have to wait until payday to access the money they’ve earned.
Employees can use a payroll card the same as a debit card. They can use it to make online purchases, set it up to cover recurring expenses like utilities, or for any other form of electronic payment like Venmo. Funds issued to paycards are also accessible in real-time and can be used at ATMs across the country to withdraw cash. The Fintwist OnDemand app is the easiest way for paycard users to manage their money.
Fintwist OnDemand is an app specifically designed for the Fintwist paycard. The app is available for iPhone and Android, and can be downloaded from the App Store and Google Play. The app can tell employees how much money they have on their paycard, where to find the nearest paycard-friendly ATM, and more.