Our PayActiv Debit Card gives you all the benefits of a Visa account. Apply for the PayActiv card through the app and it will be automatically linked to your account No application fees and no reoccurring fees Card will arrive within 7-10 business days No ATM fees with Money Pass ATMS Link your direct deposit to this card, pay bills, make Payactiv CEO and Co-Founder Safwan Shah called the approval a "watershed moment." With just a $5 fee, avoid hundreds in late fees … Nights, weekends, and holidays. Always know your balance and transaction history with the PayActiv mobile app. Workers can opt for direct cash pickup, a PayActiv prepaid card, an instant Visa or Mastercard debit card load, an ACH payment, or use their wages to pay bills, make purchases on Amazon, or purchase rides on Uber. • 31% of users avoided payday loans • 38% of users avoided late fees • 31% of users avoided overdraft fees Over 1 Million Users “I have paid a lot of money in fees. PayActiv provides employees with on-demand instant access to earned wages between paychecks as a benefit through the employer. The card is issued by the Central Bank of Kansas City, and PayActiv is the program manager. After you apply in the app or online, please allow 5 to 7 business days for the card to arrive in the mail at your place of residence. The PayActiv Visa Prepaid Card is the first general purpose reloadable prepaid card that offers real-time and recurring access to already earned, unpaid income. Load earned wages to the PayActiv prepaid Visa card - real-time access, no extra cost. The PayActiv card is not a credit card, because there is no underwriting involved when issuing the card and no credit or trade line is created when a card is issued. You may check your card balance at any time by using the PayActiv mobile app, website (payactiv.com), or by calling our customer service at (877) 747-5862. Direct deposit your paycheck directly to your card Use wherever Visa debit is accepted No monthly fee, and access to 25,000 surcharge-free MoneyPass ATMs across the country The company also offers financial wellness and planning tools that help employees to save, budget, and manage their money. According to PayActiv’s research, the average American worker can save $250 every month by tapping into earned wages and avoiding the fees associated with alternative financing sources. Request a card in minutes by answering just a few basic questions. All the Benefits of a Debit Card. “The PayActiv Visa Prepaid Card changes the paradigm of how workers get paid. The PayActiv Visa Prepaid Card is issued by Central Bank of Kansas City, Member FDIC, pursuant to a license from/by Visa U.S.A., Inc. Visa and the Visa Brand Mark are registered trademarks of Visa U.S.A. Save time and money on printing paper checks and issue off-cycle payments whenever you need to. You can load the card with cash at many locations. Your account goes with you wherever life takes you. You can load cash on your PayActiv Prepaid Card at participating Green Dot retail locations for a fee. Rules and forms of the NAF may be obtained and all claims shall be filed at any NAF office, on the World Wide Web at www.arb-forum.com, by telephone at 800-474-2371, or at "National Arbitration Forum, P.O. Zero. 277 0 obj <>stream 1.6K. When using the Payactiv Payroll Card for direct deposit, employees pay zero program fees for Earned Wage Access. Over 85,000 billers. ... sliding fees, straight fee ... Drop In Card … None of the headaches. PayActiv's approval comes a month after the bureau issued an advisory opinion in an attempt to resolve regulatory uncertainty surrounding the conditions under which earned wage access programs offer "credit" under Regulation Z. Beginning with your second direct deposit of at least $5 from the same source, Central Bank of Kansas City (CBKC) will post the funds to your (Program Name) prepaid card when we receive it, rather than on the effective date. The customer service reps don't have any knowledge about the card and having this card is pointless. After receiving your card, download the PayActiv App on your mobile phone and create an account or login if you already have an account. Why it Matters. PayActiv does not charge any enrollment or activation fees, so there is no cost to get the card. The PayActiv Visa Prepaid Card is FDIC insured and protected by Visa's Zero Liability protection. NO MORE!” Employee adds card information, a micro deposit ($0.10 to $0.90) is sent to their account and once it is received, employee must provide this deposit amount to PayActiv … Use as you would any debit card and make online or store payments everywhere Visa and Mastercard debit cards are accepted. 251 0 obj <> endobj Now I use PayActiv for rent and groceries. And, put money on the card for unexpected emergencies with Earned Wage Access. BANK TRANSFER and CARD LOAD Transfer to any bank account, or to any prepaid, debit, or pay card… According to PayActiv's research, the average American worker can save $250 every month by tapping into earned wages and avoiding the fees associated with alternative financing sources. @� ]�Y It's peace of mind. — Hospital … PayActiv said that the use of its Visa Prepaid Card can help employees avoid fees that might otherwise lower take-home pay by as much as $200 a month. A: If the employee is using a pay card, they must verify the card information first. Fees vary based on what program the employer chooses. Get up to 50% of your hard-earned wages every two weeks. ELECTRONIC BILL PAY Pay bills directly from the PayActiv app. There are no enrollment or recurring fees. No minimum balance, no inactivity fees FDIC insured GET MY CARD Say Farewell to Fees No activation fee … Payactiv is an excellent, feature-rich finance management tool that never lets you pay any late fee charges, overdraft fees, or payday loan fees again. The PayActiv Visa Prepaid Card is the first general purpose reloadable prepaid card that offers real-time and recurring access to already earned, unpaid income. Activation $0.00 You will not … No extra cost. I have a bank account but I used to pay overdraft fees every time my rent was due. The PayActiv® Visa Card is issued by Central Bank of Kansas City, Member FDIC, pursuant to a license from Visa U.S.A. Inc. Certain fees, terms, and conditions are associated with the approval, maintenance, and use of the Card. Your employees have the benefits of electronic payments with no hidden fees. Avoid late fees, overdraft fees, and high-interest loans with on-demand access to the money you've already earned. Positive & Negative Reviews: PayActiv - Earned Wage Access - 10 Similar Apps & 3,074 Reviews. Consult your Cardholder Agreement and the fee schedule for fees, terms, and conditions associated with the approval, maintenance, and use of the Card. You can also load them on the optional PayActiv prepaid Visa card. A: If the employee is using a pay card, they must verify the card information first. 0 Access is more than a paycheck. "Firms such as PayActiv … These fees can reduce take-home pay by up to $200 every month 4. Over 85,000 billers. What is the difference between the PayActiv Prepaid card and the PayActiv Payroll card? %PDF-1.6 %���� Late Fees & Reconnect Charges. How long does it take to receive my card? payroll cards associated with the Payactiv Account are issued on a major network brand that permits use at multiple, unaffiliated merchants; the Payactiv Account does not charge fees for use of an associated card … PayActiv, a provider of earned wage access (EWA) payments, aims to distinguish between users who want instant, on-demand access to payroll and users who are willing to use a PayActiv debit card for banking services. PayActiv will be free from liability under the Truth in Lending Act and Regulation Z while it’s in the sandbox. How it Works. A debit card is a plastic card that you can use to pay for goods and services, or withdraw money, directly from your bank account. The timely access to these … 1 Many (but not all) employers, government benefits providers, and other originators send direct deposits early with an effective date of 1-4 days later. Box 0191, Minneapolis, Minnesota 55405." Nights, weekends, and holidays. Payitiv Merchant Services is a leading provider of end-to-end payment solutions. ... Credit Card Interest & Fees $ billion. The date CBKC receives your direct deposit and the effective date are controlled by the originator. Alex currently pays an annual fee of $199 for her platinum rewards credit card. %%EOF There's no additional cost for getting the Visa card or for using it at stores, online merchants or in-network … PayActiv membership fee is the fee paid by employees only when they access services including their earned but unpaid income. :���h�r��330��i~U�)�*�A� Q! Once you pay the $5 fee, you may make up to 3 transactions against your available balance through the rest of that pay period at no additional cost. PayActiv is an employer-sponsored program that allows employees to withdraw a portion of their earned wages before … If you have any questions regarding the Card or such fees, terms, and conditions, you can contact us toll-free at (877) 747-5862. Welcome to the PayActiv App, our websites www.payactiv.com and web.payactiv.com, and our PayPoint Kiosks collectively called (the “Site”). Load earned wages to the PayActiv prepaid Visa card - real-time access, no extra cost. The functionality of the cards is essentially the same. For example, an employee who is paid $10/hour visits the PayActiv … The timely access to these funds is intended to provide users liquidity and relief from unforeseen fees. Get paid up to 2 days earlier with direct deposit1. The main difference is that the Payroll card is issued through employers to disburse employees' paychecks while the Prepaid card is available directly to consumers via our website. Please read this Agreement carefully and keep it for future reference. Clock in as "Asim Sajjad" to "1st Employer" at MM/dd/yyyy . Payactiv is a classy product of PayActiv Inc. that intuitively ends the stress and tension of waiting for your paycheck. Life's expenses don't wait for payday and neither should you. No fees, no overdrafts, no late fees. Your arbitration fees will be waived by the NAF in the event you cannot afford to pay them. Cardholders receive their pay up to 2 days early.2 Check your balance in the app any time. On average, low-to-moderate income families would pay more than $300/month in fees and interest. Over 85,000 billers. The PayActiv Visa ® prepaid card is issued by Central Bank of Kansas City, member FDIC. PayActiv said that the use of its Visa Prepaid Card can help employees avoid fees that might otherwise lower take-home pay by as much as $200 a month. BANK TRANSFER and CARD LOAD Transfer to any bank account, or to any prepaid, debit, or pay card… ELECTRONIC BILL PAY Pay bills directly from the PayActiv app. PayActiv Visa ® Payroll Card Pay card that helps you and your employees Optimize workforce payout management while giving employees any day access as they earn, and early deposit of … PayActiv gives you an early advance on your check, but without the interest rate and fees that are far too common with cash advance and payday loans. With PayActiv App I just access my own cash. ACCESS Freedom provides free use of PayActiv’s benefit program, including earned wage access, for users who direct deposit at least $250 of their wages per pay period onto a PayActiv prepaid Visa card. No extra cost. You should consult your Cardholder Agreement and the fee schedule at http://payactiv.com/u/PACTAgreements. From the app, you can also pay bills, learn money-saving tips, and even get Rx discounts. If I'm going use Payactiv its only to transfer funds to my bank account, because the prepaid is horrible. Certain fees, terms, and conditions are associated with the approval, maintenance, and use of the Card. PayActiv then reduces this pay estimate by half and displays the lower dollar amount as the amount available for you to receive “on the spot” when visiting their app. You may have to pay a fee when you use your debit card. And don't ask for a supervisor. Get early access to your pay with direct deposit from your day job, side job, or next job. Employees who do not have their wages deposited to a Payactiv-branded prepaid debit or payroll card are charged a non-recurring $1 fee for access to an unlimited number of transactions during a one-day access window, with the fees … Machine Operator, Male, Age 31. PayActiv, Inc. (“we”, “us” or “our”) provides the Site and the information and services offered on the Site to you, subject to the following Terms of Use (“TOU”). Pending Approval These fees can reduce take-home pay by up to $200 every month 4. © 2020 PayActiv, Inc. All Rights Reserved. Clock In. NOTE: Fees assessed to your Card Account balance may bring your Card … How Alex avoided annual fees. h�bbd``b`�$��9 �|$�"n VN� "�AJ& �Fq $fbe��8 �?HX {m&F�. Employees can then initiate a transaction. The PayActiv Visa ® Payroll Card is issued by Central Bank of Kansas City, Member FDIC, pursuant to a license from Visa USA, Inc. This is departure from its original per-transaction fee model, in favor of attracting consumers who would use its card … With over 25 years of online payment experience, Payitiv is a full-service provider of processing services and business solutions that enable our merchants to accept all major payment card options, as well as checks, Electronic Benefits Transfer, gift and loyalty cards, and Fleet Management. Load earned wages to the PayActiv prepaid Visa card - real-time access, no extra cost. I used to pay $50 for late fees on my rent. PayActiv also offers a suite of financial services that include savings and budgeting tools, bill payment and financial health measurement. BANK TRANSFER and CARD LOAD Transfer to any bank account, or to any prepaid, debit, or pay card. PayActiv Visa® Prepaid Card Access to Better Banking Get early access to your pay with direct deposit from your day job, side job, or next job. Direct Deposit your paycheck. endstream endobj startxref If you want to access the money, you simply pay a flat $5.00 transaction fee. We may, in our sole discretion, … The PayActiv Visa Prepaid Cardis the first general purpose reloadable prepaid card that offers real-time and recurring access to already earned, unpaid income. Early wage access has at times been controversial, especially when companies have charged large or hidden fees for the service. Participating employers give employees access to on-demand pay to alleviate the financial stress they face living paycheck to paycheck. No change needed to your accounts. I am very grateful to my employer for offering this benefit. ... sliding fees, straight fee ... Drop In Card Spending. PayActiv users can transfer funds directly to a bank account or prepaid card, pay unlimited online bills, or pick up cash at a Walmart location. It is an ATM like flat fee. With this integration, PayActiv users living a cash-based life or lacking a credit card will also be able to enjoy the convenience of Uber," said Michael Goodwin, Head of Business Development, Uber. With direct deposit to your PayActiv Card, you can get paid sooner at no extra cost. PayActiv does not charge any enrollment or activation fees, so there is no cost to get the card. PayActiv Visa Prepaid Card. Employees love PayActiv because it eliminates the expensive between-paychecks tolls of payday loans, bank overdrafts and late fees. Incorporated. The timely access to these funds is intended to provide users liquidity and relief from unforeseen fees. 269 0 obj <>/Filter/FlateDecode/ID[<752A7BF8E4F29E49862DC2FAE008EE33><948C3F33AAB42541902F6E981402B150>]/Index[251 27]/Info 250 0 R/Length 89/Prev 75337/Root 252 0 R/Size 278/Type/XRef/W[1 2 1]>>stream
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