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The BB&T Payroll Card can help your company significantly reduce payroll related expenses and increase employee direct deposit participation. Your employees benefit by having a safer, more secure method to receive and spend their pay.
| BB&T
Payroll Card |
| Employer
Benefits |
- Reduces check printing, processing, and distribution costs
- Reduces Account Reconciliation service fees
- Eliminates need to issue replacements for lost or stolen checks
- Ends stop payment fees
- Simple process to enroll and fund employees' Payroll Cards
- BB&T provides all needed marketing and enrollment materials for your employees
- BB&T assumes cardholder risk
- BB&T manages escheatment
- Reduces potential fraud losses that may result from issuing paper checks
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| Employee
Benefits |
- No more check cashing fees and hassles
- Prevents risk of paper checks being lost or stolen
- Funds are FDIC insured
- Zero
liability for unauthorized use if the card is lost or stolen
- Funds are deposited automatically to the BB&T Payroll Card
- Can be used anywhere Visa debit cards are accepted
- Access to funds 24 hours a day, 7 days a week
- No credit check needed
- Employers cannot view Payroll Card transactions
- Monthly card transaction statement mailed to employee
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| Payroll Card Features |
- Visa debit Point-of-Sale Purchases, both Signature and PIN
- ATM Cash Withdrawals
- Cash Back at Point-of-Sale
- Branch Cash Advances
- Balance Inquiries at ATMs, over the phone, and online
- 24-Hour telephone customer service available in English and Spanish
- The cardholder may not make deposits, add value to the card, or obtain checks or negotiate checks against the card
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