In some organisations, you may come across this term and wonder, what is payroll card? It is a reloadable prepaid card that your employer uses to pay your salary on your payday. These cards come with numerous benefits, including wide acceptance. You can use these cards wherever electronic payments work. They also offer convenience since you can utilise them in an ATM or as a debit card.
Consider this payroll card example: Your company provides you with a Visa payroll card on which your earnings are automatically deposited. You can use it to make various payments, including electricity bills, restaurant bills, shopping, or simply withdrawing cash from an ATM.
A payroll card eases your access to your salary and is safe to use. It also doesn’t require you to have a bank account or maintain a certain balance.