Pay Unbanked Workers & Migrant Employees

Pay unbanked workers using our direct deposit payroll card for employees who don’t have bank accounts. It is estimated that 1 in 7 people in the United States do not have bank accounts, with a significant number in the immigrant and minority populations. If your company has done an assessment on the number of employees who are not receiving payroll direct deposit, your company will recognize an immediate cost savings with our direct deposit pay card. This direct deposit paycard gives your organization a means to pay foreign employees and pay migrant employees who work on the road or even in different countries.

Reasons why employees receiving paper checks will benefit from our direct deposit pay card:

• Unbanked employees are unable to cash paychecks without paying significant fees
• Unbanked labor is unable or unwilling to have a normal bank account for privacy reasons or banking qualification issues
• Unbanked employees must transact business such as paying bills in cash and in person
• Unbanked employees are at higher risk for theft and money lost
• They miss time from work due to paying bills in person, or cashing paychecks
• The average cost for someone without a banking relationship is 3% - 6% of the total value of the paycheck

An employee bank account is no longer required for an employer to benefit from employee direct deposit payroll. With our guaranteed card issue, regardless of credit or banking qualifications, our direct deposit payroll pay card will benefit both the employer and employee like any other debit card banking product. This “virtual bank account on a card” reduces risks and costs for both employer and employee alike.