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Small Businesses

If you own or manage a small business you know the challenges of making a payroll. What you might not realize is that some of your employees may not have a bank account in which to deposit their paycheck. If that is the case, each payday they must find a way to cash their paycheck. This takes time and money.

Prepaid Card for Employers and Employees

The Benefits of a Prepaid Card for Employers and Employees

It is easy to have your employees sign up for a MiCash Prepaid MasterCard®, simply direct them to the MiCash website for registration. Then, all the employee needs to do is fill out the MiCash direct deposit form, provide it back you, the employer, and you can direct deposit their salary to the MiCash Card in the same way you are able to directly deposit wages into a bank account. No additional effort is required on your part.

Benefits for Employees:

Get your employees to sign up for a MiCash prepaid card and fill out our direct deposit form.

  • Immediate employee access to payroll funds on payday.
  • Safer than carrying cash.
  • Eliminates check cashing trips and fees.
  • 24x7 access to 1.1 million ATM locations and 25 million MasterCard merchants worldwide.
  • Full bilingual customer support (English/Spanish)
  • Speedy, low-cost domestic & international money transfer services
  • Instant text messaging of card account information to cardholder wireless phones
Payroll with a prepaid debit card

MiCash Prepaid Payroll MasterCard®

MiCash also offers a Prepaid Payroll Mastercard for large employers

Our Prepaid Payroll MasterCard® allows you to reduce the costs of distributing payroll checks, improve efficiencies, and help employees manage their money. Now you can expand your direct deposit program to all employees—including those who do not have a checking account.

Reduce Costs

  • Decrease the costs of producing paper checks and replacing lost or stolen checks.
  • Reduce the time of reconciliation against your payroll disbursement account.
  • Reduce the costs of special disbursements and out-of cycle checks, such as final paychecks.

Improve Efficiency

  • Simplify payroll distribution for unbanked, contract, temporary, part-time and remotely-located workers.
  • Keep your existing payroll processor and systems to manage payroll account processing.
  • Increase employee productivity by eliminating time-consuming off-site trips to cash paychecks.