- Replaces cash and cheque as a payroll method
- No need for a bank account
- Secure PIN protected card
- Can be used at any Visa outlet worldwide
- Can be used at ATMs (Daily cash withdrawal limit £250)
The secure salary solution
Barclaycard Prepaid Payroll card is a badged Visa card onto which employers can load wages. It acts as an ideal replacement for cash or cheque, particularly when paying employees who do not have access to a bank account, either through choice, or, for example, because they are new to the UK.
The card provides security for each employee’s money, and eliminates the need to pay for cheque-cashing services, which can be expensive. Cardholders then have the ability to use their card wherever Visa is accepted, to withdraw cash (subject to a maximum daily limit of £250), and to shop online or over the telephone.
Should the card be lost or stolen it can be replaced – and as it is PIN protected the money should be safe. As every transaction requires authorisation there is no risk of going overdrawn. Moreover, cardholders no longer have to take the risk associated with carrying around large sums of cash.