Payroll Cards
Payroll Cards, which are prepaid, offer employers an alternative to traditional paychecks for compensating employees. The employers can load these cards with funds at any frequency, whether daily, weekly, or at other intervals. This feature allows employees to access their earnings on demand, eliminating the wait for a standard paycheck. These payroll cards function similarly to debit cards and can be used anywhere that accepts Visa cards.
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initial fee
No initial fees or hidden fees to open account with us.
0
maintenance fees
Enjoy hassle-free banking services with no maintenance fees.
0
minimum deposit
Start your banking journey with zero minimum deposit.
Advanced Pay Options and Payroll Cards
ZilBank’s payroll cards offer employers the option of providing advanced pay to their employees. They can enable employees to access up to a fortnight’s salary in advance. In addition, the payroll card safeguards employees against overdrafts, as any amount exceeding their current balance will be automatically subtracted from their upcoming pay.
Advantages Of Payroll Cards
ZilBank Payroll cards simplify the payment process by reducing red tape, eradicating extra costs, and enhancing accessibility for every employee. These cards eliminate the need for an employee to have a bank account, as funds can be directly transferred to the card in their possession. Any additional income, such as tips or bonuses, is seamlessly added to the card. Payroll cards also offer employees immediate access to their earned money, eliminating the need to wait for a traditional payday.
Streamlining Salary Disbursement with ZilBank Payroll Cards
ZilBank Payroll Cards offer an innovative solution, ensuring a seamless salary disbursement process. They provide a direct pathway for employers to transfer wages, eliminating the cumbersome traditional check-cashing process. These cards are a time saver and conserve valuable resources, making them a superior choice to conventional banking methods for wage distribution.
Banking Access for All Employees with ZilBank Payroll Cards
Importantly, ZilBank Payroll Cards are designed to empower employees without bank accounts. The system allows wages to be directly credited to the cards, ensuring quick access to the employees’ hard-earned money. These cards can seamlessly handle all forms of payment, be it regular wages, bonuses, or tips. As an all-in-one payment solution, ZilBank Payroll Cards ensure secure and immediate access to earnings, thus offering a versatile and user-friendly payment method.
FREQUENTLY ASKED QUESTIONS
What is payroll card?
A payroll card is a type of stored-value card that allows employees to receive their wages without having to rely on paper payroll checks or direct deposits. Employers can now create employee payroll cards using Zil, a cloud-based banking platform.
How does payroll card work?
A payroll card works exactly like a debit card. It is a plastic card that has been loaded on payday with the employee's wages. Zil allows employers to create payroll cards that will be sent to the employees and can use to withdraw funds.
Is a payroll card a debit card?
A payroll card is a debit card provided by the employer to which your payroll transfers an employee's wages. Then, your employees can use this card like a debit card to retrieve their money. Employers can create payroll cards for their employees under one bank account with Zil and transfer funds instantly to their employees' accounts.
Payroll Card vs Direct Deposit
While a payroll card is merely a prepaid, reloadable card that does not require a bank account, direct deposit necessitates the employee to have a savings or checking account to deposit payments. Zil now allows employers to create payroll cards for employees under one bank account and instantly transfer funds to their accounts.
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