ReadyFUND$ is offered by Performance Benefits, Inc® and was established in 2005 to provide payroll cards. We help clients achieve the benefits of paperless payroll, which allows their employees a convenient way to receive their pay and manage their finances.
• No Cost Solution
• Improve payroll logistics and distribution
• Convert to 100% electronic pay
• Save money by eliminating paper checks
• Eliminate lost check costs and escheatment
• Safer than paying in cash
• eZpay® – Eliminate the cost of ACH
• Instant Issue cards for new hires
• Secure web portal for card management
Feel free to contact us at: https://readyfunds.net/contact-us/
or e-mail Michael – [email protected]
The process is identical to traditional direct deposit except funds are deposited to their ReadyFUND$ card account, not a traditional bank account.
No problem, use eZpay® through the ReadyFUND$ Client Portal to load payroll to employees’ cards online quickly and securely. Simply request an eZpay account be set up on the ReadyFUND$ Client Portal. The employer pre-funds the account by depositing money into their ReadyFUND$ account. The employer is then able to load payroll to their individual cardholders through the ReadyFUND$ portal, drawing from those funds on deposit. Employers can also use eZpay for termination and exception pay funding to any of their active ReadyFUND$ cardholders.
All payroll processors provide direct deposit service to their customers. Our process works just like direct deposit and won’t impact your payroll processor. Simply provide the payroll processor with the routing # and account number provided above and the employee is paid directly on the ReadyFUND$ card.
Having your company set up to begin enrolling employees will happen within just a few days. If your payroll system/provider requires a “pre-note” process, it may take two pay periods for payroll funds to be deposited on the card. The ReadyFUND$ card DOES NOT require a “pre-note” process. If you provide the Instant Issue ReadyFUND$ card, employees can be paid on the next paycheck.
“Pre-note” = Some ACH originators require a test transaction be sent to confirm a valid account before sending the first “real” transaction, although it is becoming less common.