Frequently Asked Questions for Employers

Employers typically pay for the cost of the enrollment and educational/promotional materials used to communicate details of the Money Network™ Service to employees. The fee structure is tailored to meet the objectives of each client.

By offering direct deposit and the Money Network payroll distribution service you can deposit all pay electronically while meeting state payroll requirements that employees have the option of a paper check.

Money Network provides proprietary Money Network Checks that enable employees to access 100% of their wages on pay day.

Our enrollment requirements are minimal, only information that employers are already required to maintain on employees is needed.  Enrollments can be provided through various options.   For high volume enrollment, we offer batch file enrollment. For mid-range volume, we offer on line enrollment through web access. For low volume, we offer fax enrollment.

Employers can use their current ACH payroll funding for their Money Network employee payroll deposits. No system modifications or process changes are needed for this option. For maximum savings, Money Network offers direct file transmission of employee pay.

Funds can be transferred to individual employee cards instantly via web access. Off cycle payments can also be posted via standard ACH funding.

You are supported with a appointed implementation team responsible for engaging with your organization at the beginning and continuing throughout the relationship. 

Administration of the program is minimal and limited to training, enrollment and standard ACH funding.

The employer is not responsible for lost or stolen cards once the employee has received his or her card.  As soon as an employee reports a lost or stolen card to Money Network, a new card is issued to the employee. The new card is linked to the original account, so there is no update to the employer payroll system. In addition we offer immediate access to the employee's funds via the Money Network Check, until the new card arrives.

Yes and all cards are issued through FDIC insured MetaBank, Sioux Falls, SD.