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Old August 6th, 2016, 09:51 AM
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Join Date: Nov 2011
Default Re: Bank of America My Money Network

Money Network solutions offered by Bank of America are designed to help to optimize payroll process. By offering employees 100% electronic pay disbursement, one can reduce payroll administration costs and reliance on company-issued paper checks to effectively streamline operations.

Some of the benefit from Money Network’s “pay-to-the-penny” solutions include:

• 100% electronic pay disbursement
• 50-state payroll compliance
• Cards and checks widely accepted
• Implementation expertise
• Industry recognition

Employer Benefits
• Maximize direct deposit participation
• Reduce payroll costs (printing, distribution, overhead)
• Streamline administrative responsibilities
• Access dedicated training and implementation assistance
• Improve payroll security and control
• Reduce check fraud
• Ensure prompt disbursement and access for all employees
• Deliver uninterrupted pay in the event of a disaster

Employee Benefits
• Net pay goes straight to FDIC-insured FBO account
• Less time waiting in line to cash checks
• Can buy virtually anything, anywhere Visa® credit and debit cards are accepted
• At least one free cash withdrawal per pay load at in-network ATMs
• 24/7 English/Spanish customer support
• No need to carry large amounts of cash on payday
• Offers fraud protection similar to that of other Visa-branded debit products
• Free check cashing at participating locations
• Free domestic money transfers
• Simple employee verification process
• No credit or background checks

Money Network Customer Services

Employer Services –
Call 866-711-4609,
Monday-Friday 7:00am-7:00pm CST or emailmnclientservices@firstdata.com

Employee (cardholder) Services –
Call 800-845-8683
Available 24 hours a day, 7 days a week.
Answered By StudyChaCha Member
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