Learn about MyLink Card for employers
See how BB&T can help reduce your payroll expenses and allow your employees to easily access their pay.
Have you considered using BB&Ts MyLink payroll card as an alternative to paper checks for your employees? If you have employees that don't have a bank account, this could be the perfect solution. Give your employees a convenient, safe way to get their pay, and increase participation and direct deposit, while saving your company time, and reducing costs. Here's how it works.
Your employees sign up for BB&Ts is MyLink payroll card. Your company transmits payroll funds to BB&T through a single direct deposit ACH file. This can be done directly for through your third party service provider. Funds are then automatically loaded into each employee's MyLink account, which they can access immediately using a MyLink payroll card. It's that simple.
Get the benefit of eliminating a lot of the time and expense involved in processing pay checks. Everything from account reconciliation to check printing, lost or stolen check replacement, bank processing fees, and more, BB&Ts MyLink payroll card makes it easy to ensure on-time pay.
Even if you operate in multiple locations, across multiple time zones, the savings in effort and cost will enable you to reallocate valuable resources to more important tasks, all while giving your organization a valuable advantage in attracting and retaining employees by providing a convenient and secure alternative to paper checks.
Employees get quick and easy access to their pay. The MyLink payroll card is a Visa debit card that they can use at millions of locations worldwide, in stores, online, over the phone, everywhere Visa debit cards are accepted. And employees have 100% fraud protection thanks to Visa zero liability and BB&T complete client protection.
They can also withdraw funds at ATMs. Their first withdrawal per pay period is even complementary at any BB&T ATM, and employees have access to easy to use account management any time they want it through BB&Ts online banking services and mobile app. It's a true win-win, good for your business and great for your employees. So have you considered using BB&Ts MyLink payroll card? To learn more, contact your BB&T relationship manager, or call 1-810-5625. BB&T, member FDIC.
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The information provided is not intended to be legal, tax, or financial advice. BB&T hopes you find this information useful but we cannot guarantee that it is accurate, up to date, or appropriate for your situation. Financial calculators are provided to assist you in estimating the approximate costs associated with any bank activity. Your actual costs may vary. You should consult with a qualified attorney or financial advisor to understand how the law applies to your particular circumstances or for financial information specific to your personal or business situation.
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Branch Banking and Trust Company is now Truist Bank. Learn more.
BB&T and SunTrust have merged to become Truist. Both institutions will continue to offer independent product lines for a period of time. This may include differing underwriting guidelines, product features, terms, fees and pricing. Our friendly teammates at your local SunTrust branches will be happy to walk you through their respective products. You can also learn more by contacting them at 800-SUNTRUST or SunTrust.com.