Click hyperlinked numbers above to view important disclosures.
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Click hyperlinked numbers above to view important disclosures.
The Savings Account is made available to Cardholders through The Bancorp Bank, Pathward, N.A., and Republic Bank & Trust Company; Members FDIC. To participate in the Savings Account program, Cardholder must consent to and continue receiving communications from us in electronic form. If Cardholder is subject to Internal Revenue Service backup withholding at the time of the request to open a Savings Account, the request will be declined. Interest is calculated on the Average Daily Balance(s) of the Savings Account and is paid quarterly.
The interest rates and APYs of each tier may change. The APYs were accurate as of May 7, 2020. These are promotional rates and may change without notice pursuant to applicable law. No minimum balance necessary to open Savings Account or obtain the yield(s). Because Savings Account funds are withdrawn through the Card Account (maximum 6 such transfers per calendar month), Card Account transaction fees could reduce the interest earned on the Savings Account. Card Account and Savings Account funds are FDIC-insured through The Bancorp Bank, Pathward, N.A., and Republic Bank & Trust Company, Members FDIC upon verification of Cardholder’s identity. For purposes of FDIC coverage limit, all funds held on deposit by the Cardholder at The Bancorp Bank, Pathward, N.A., and Republic Bank & Trust Company will be aggregated up to the coverage limit, currently $250,000.00.
Netspend does not charge for this service, but your wireless carrier may charge for messages or data.
When you choose the Skylight PayOptions Program, you are helping your employees to prioritize their financial well-being.
And those are just the basics.
Potential savings estimates are from NACHA, The Electronic Payments Association, https://www.nacha.org. NACHA’s calculation is based on industry averages for over thirty variables and is for directional guidance only. Actual results may vary. NACHA, Republic Bank & Trust Company, and Netspend do not in any way warrant the savings results obtained using this calculation.
Employees prefer direct deposit to other payroll options to improve their financial well-being,[4] and are more likely to stay with your business and recommend you to others when they have them. Giving employees strong financial tools help boost workplace performance,[5] and our paycard product can help make your processes more efficient. With Skylight PayOptions, you can:
We support you and your employees from day one with a seamless implementation experience, and top-of-the-line client and cardholder support.
The Savings Account is made available to Cardholders through The Bancorp Bank, Pathward, N.A., and Republic Bank & Trust Company; Members FDIC. To participate in the Savings Account program, Cardholder must consent to and continue receiving communications from us in electronic form. If Cardholder is subject to Internal Revenue Service backup withholding at the time of the request to open a Savings Account, the request will be declined. Interest is calculated on the Average Daily Balance(s) of the Savings Account and is paid quarterly.
The interest rates and APYs of each tier may change. The APYs were accurate as of May 7, 2020. These are promotional rates and may change without notice pursuant to applicable law. No minimum balance necessary to open Savings Account or obtain the yield(s). Because Savings Account funds are withdrawn through the Card Account (maximum 6 such transfers per calendar month), Card Account transaction fees could reduce the interest earned on the Savings Account. Card Account and Savings Account funds are FDIC-insured through The Bancorp Bank, Pathward, N.A., and Republic Bank & Trust Company, Members FDIC upon verification of Cardholder’s identity. For purposes of FDIC coverage limit, all funds held on deposit by the Cardholder at The Bancorp Bank, Pathward, N.A., and Republic Bank & Trust Company will be aggregated up to the coverage limit, currently $250,000.00.
Netspend does not charge for this service, but your wireless carrier may charge for messages or data.
We built the paycard market from the ground up, with over 15 years of experience in providing proven paycard solutions to our clients. We are company that has the industry experience and know-how that you need.