Employee Advantages

From an employee's perspective, there are intrinsic advantages and benefits to receiving wages via a paycard account rather than receiving paper paychecks each pay period. For example, a paycard allows employees to:

  • avoid check-cashing fees that may be incurred accessing wages each payday;
  • save time as they no longer need to wait in line to cash their paychecks at banks or check cashing establishments;
  • access their wages via 24-hour ATM networks;
  • access wages on days off or during vacation;
  • enjoy immediate access to their wages rather than waiting for their paychecks to arrive in the mail;
  • experience increased safety and security associated with not having to physically carry cash after cashing a paycheck;
  • purchase goods and services at point-of-sale terminals within stores and, if the card is branded, over the internet or by telephone;
  • decrease exposure to identity theft;
  • decrease the chance of not being paid timely due to unforeseen circumstances, such as natural disasters.