The Money Network Card is a debit card that allows employees to access their paycheck instantly through ATM withdrawals and debit card transactions. Eligibility is based on employment, not credit score, and the card can be used at any ATM or anywhere debit cards are accepted. There may be fees associated with certain transactions.
The Money Network Card is a debit card, issued by MetaBank , that a person can use to access money from their paycheck. When a person has this card, his employer adds to the card the money he would normally receive in a paycheck, based on the employee’s scheduled pay date. The employee then has instant access to their money through ATM withdrawals and debit card transactions. The employee can even write a preauthorized check and cash it to get the money he needs. This card is provided as a convenient way for employees to access their pay.
When a person wants a Money Network card, they usually don’t need to worry about their credit history. A person does not acquire this card based on the credit score of it. Instead, to be eligible for this card, a person must be an employee of a company that offers it as a payroll distribution method. This means that a person can get this type of card even if they have been denied a credit card or declined a debit card through another company.
A person can usually use their Money Network card at an automated teller machine (ATM). However, you are not limited to using an ATM at a particular bank or in a specific city. In most cases, you can use any ATM to access your money. Also, a person can generally use their card anywhere debit cards are accepted. You can even use it to make purchases or pay bills online.
Money that has been deposited onto a person’s Money Network Card generally does not expire. A person can use a little and leave the rest on their card until they are ready. You can also withdraw your money balance through an ATM, although you may be limited in the amount of money you can withdraw each day. You can even withdraw the balance using a preauthorized check. If desired, a person also has the option of withdrawing funds from their card via direct deposit into their bank account.
Although the Money Network card can be convenient, it is generally not free. A person may have to pay a small fee for certain transactions, and ATMs may also charge fees for withdrawals. An individual can find out the rates he will have to pay by consulting the rate schedule provided by his employer.
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