A payroll card, or paycard, is a prepaid debit card employers use to pay employees. Payroll cards receive their funds electronically and are used as an alternative to direct deposit or printed checks, or to pay employees without bank accounts. Payroll cards can be more cost effective, convenient and safer than issuing paper checks.
The Skylight ONE Prepaid Mastercard is issued by BofI Federal Bank pursuant to a license by Mastercard International Incorporated. BofI Federal Bank, Member FDIC. Netspend, a TSYS® Company, is a registered agent of BofI Federal Bank. Use this card everywhere Debit Mastercard is accepted. Certain products and services may be licensed under U.S. Patent Nos. 6,000,608 and 6,189,787. Use of the Card Account is subject to funds availability and ID verification. Transaction fees, terms, and conditions apply to the use and reloading of the Card Account. See the Cardholder Agreement for details. Mastercard is a registered trademark of Mastercard International Incorporated.
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For more information about Bank of Utah’s Business online banking, contact a Treasury Management Relationship Manager.