An easy payroll solution for businesses and their employees.
Payroll Card Accounts are designed for businesses that employ individuals who do not typically maintain a checking account at a bank.
How does a payroll card work?
- When an employer opts to pay workers with a payroll card, the money that would normally be included in their paychecks is preloaded onto a debit card.
- Employees use their payroll card to access their earnings and use it to pay bills and expenses.
- Payroll cards can also be used to get money from an ATM, which makes them similar to debit cards connected to a traditional checking account. Employees access their funds via a debit card through ATMs and Point of Sale Purchases (no checks are issued with this account.)
- Upon direction from the employer, the bank transfers payroll funds into employees' individual Payroll Card Accounts eliminating check writing and check cashing.
Payroll card account details
- No monthly service charge
- Monthly statements are sent to the account holder
- Free Online e-Statements
- KS Bank ATM's available to you, at no charge
- If the average daily balance of your account falls below $10 during the statement cycle, your account will be service charged $1