ReadyFUND$

Educating the World about Payroll Cards, one blog at a time…

Tag: readyfunds

How Can I avoid Fees on My Payroll Card?

All payroll cards and prepaid cards have fees. Sorry, that’s the way it is. While some payroll cards fees may be higher than others, there is always a way to use your payroll card without every paying a fee. Want to know how? Don’t worry I am going to tell you. Read on…

First: All payroll cards have to let you access your payroll deposit 100% free of charge after you get paid. The way that payroll cards usually do this is after you get paid, each time, there are certain transactions that allow you to access all of your paycheck without incurring fees. So if you wanted to transfer your paycheck to a bank account-FREE. Or, if you wanted to withdrawal all of your money at the bank-FREE. There are usually multiple transactions that give you this ability. If you don’t want to take all your money off the card, but still want to limit fees, keep reading.

Second: While not all payroll or prepaid cards offer this, especially not prepaid cards, good payroll card companies will offer free POS purchase transactions. That means when you are buying something at the register, whether you select credit or debit, you won’t get charged a fee from your card. Some even allow you to get cash back with no charge. Prepaid cards are not usually this way, and like I said not all payroll cards are, but there are some good companies out there that do this.

Third: Sign up for text alerts! Or email alerts, or whatever makes you happier. I cannot stress this feature enough.  Balance alerts help cardholders avoid those pesky “Non Sufficient Funds” fees. You can sign up for balance alerts daily, so you know your balance first thing each morning. Or even anytime your balance changes. That is what I do. I know automatically when my payroll hits my card and my balance after every transaction. If I don’t know if I have enough on my card I can either look at my last text or simply request it. If you receive text alerts to your cell phone, there’s a number you can text something to, like BAL or BALANCE, and receive a reply back to you with your current balance. This is a life saver if you are ever in line with a cart full of groceries and can’t remember if you had $50 or $150 left.

Fourth: See if there is a “partner” network your payroll card uses. While you will get charged for withdrawing money from an ATM, if your payroll card partners with a specific network you may be able to avoid additional fees. Some ATMs charge fees beyond what your payroll card company charges. Find the network that does not charge users of your specific payroll card any additional fees. You may still pay the ATM withdrawal fee to your card, but it will be less than paying one to the card and one to the ATM.

Some of these suggestions will help you avoid fees all together. But that may not be practical for everyone. If you can’t eliminate, at least you can minimize.

www.readyfunds.net

Mobile Apps vs. Mobile Web …Does it matter to me?

Mobile apps are the latest craze in the mobile device market.  And it’s no wonder why, businesses are developing custom programs designed to perform very sophisticated services through a person specific device market. Everything from games to financial transactions to GPS driven locater services are now available, largely at no cost to the user.  The three primary “smart” platforms for mobile apps are the Android, iPhone and Blackberry.

Mobile web sites on the other hand are designed to function on any device with a web browser. This includes the three mobile platforms above, but also includes millions of other mobile phones that have web browsers for internet access.  A mobile website is simply an alternative version of an existing website designed to deliver an effective display of features to the mobile screen.  When accessing a standard website, the platform will typically recognize the incoming mobile device and automatically redirect access to the mobile site version for a better consumer website experience, with or without a “smart” phone platform.

The bottom line:  Whether an app or just a mobile site, most mobile platform web access has some limitations when compared to the accessing from a full screen computer.  With that in mind, both mobile aps and mobile websites can be very handy and helpful for accessing certain types of information.  For example, maybe I’m out and about and looking for a specific ATM network for using my debit card or ReadyFUND$ payroll card.  It’s nice to pull up an app (if I have a smart phone) or a mobile website (works for any web enabled phone) and it will tell me exactly where to go.

Does it matter to me which one I use?  Not at all, as long as it gives you the information you need in an easy to access and easy to read format.

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