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United Bank now offers the Visa Payment Card. Business customers can now have the efficiency of depositing an employee's net pay directly to a Visa card each pay period, alleviating the times and money of writing checks to un-banked employees. The funding is similar to direct deposit and businesses can also use the Visa Payment Card for bonuses, or for immediate payment on an employee's last day.
Please note the business owner does not have to do business with United Bank to enjoy this service.
Community Customers will find the following features of this service:
- Reduces Costs
- Reduces Payroll Administration Time
- Provides a new employee benefit
Employees of the Businesses that use the Visa Payment Service will enjoy the following features:
- Immediate Payroll Access
- Saves time and money standing in line and paying check cashing fees.
- The card is accepted world wide
- Online toll free access by telephone and computer 24/7
- A second card can be available to allow other family members access to funds without paying wiring fees.
Fees |
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| Annual Fee | $15.00 |
| Value (payroll) load fee | $1.50 |
| Visa signature card purchase | no charge |
| Online Access 24.7 | no charge |
| PIN based Point of Sale Transaction | $0.50 |
| Printed Statment mailed | $1.00 |
| Transfer of funds to Bank Account | $1.50 |
| Live agent calls | $2.00 |
| ATM Balance Inquiry | $0.50 |
Additional ATM withdrawals:
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$2.00 |
| Change PIN | $0.50 |
| NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE All funds in a "noninterest-bearing transaction account" are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules. The term "noninterest-bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts ("IOLTAs"). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts and money-market deposit accounts. For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov. NOTICE: United Bank is not responsible for and has no control over
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