Help Your Employee's Take Control of Their Finances

Help employees reduce withholding:

Work with employees to help them withhold the proper amount of taxes. Withholding too much is simply an interest-free loan to the government. By reducing withholding to the proper amount, employees increase take-home pay that can be added immediately to interest-earning savings.

Offer payroll Direct Deposit:

Payroll Direct Deposit allows employees to have their pay electronically credited to their accounts at most financial institutions, including banks, credit unions or savings and loan institutions.

Pay can also be allocated among accounts such as checking, savings and even mutual funds or money market accounts. This is important because it may reduce the temptation to spend the money rather than save it. Because pay is deposited directly into an account, employees can begin accruing interest immediately.

Help employees improve money management skills:

Many employees do not have checking accounts and may consequently find it more difficult to stay on top of their finances. It is now possible for employers to help their employees establish a FDIC-insured debit card account specifically for using payroll Direct Deposit and withdrawing money with our new CashCard GOLD plan. Cardholders have immediate access to their funds, 24/7, so they always know the status of their finances. There is no credit verification and no minimum balance, and the card can be used at ATM machines and retailers across the United States.