Money Network ® Payroll Distribution Service

As employers increasingly seek to reduce expenses, the elimination of company printed paper paychecks presents one such opportunity. While direct deposit is a long-standing solution, millions of American employees remain unbanked, or choose not to have their pay deposited into a traditional bank account.

With the Money Network® Payroll Distribution Service provided by Bank of America Merchant Services, employers can provide employees with the benefits of electronic pay while at the same time reducing administrative costs. Our "pay to the penny" solution includes the Money Network® Card and Money NetworkT Checks, enabling employers to comply with payroll distribution laws while providing a safe and convenient pay alternative for employees.

Features

• 100% electronic pay disbursement across your organization even for exception pay, termination pay and employees without bank accounts
• Accounts are FDIC insured
• Cardholder access to one of America's largest surcharge-free ATM network
• Money NetworkT Checks
• Instant-issue network-branded individual accounts
• 24/7 bilingual (Spanish) cardholder support