The Money Network™ card is a debit card, issued by MetaBank™, that a person can use to access money from his paycheck. When a person has this card, his employer adds the money he would normally receive in a paycheck to the card, based on the employee’s scheduled pay date. The employee then has instant access to his money via ATM withdrawals and debit card transactions. The employee can even write a pre-authorized check and cash it to get the money he needs. This card is provided as a convenient way for employees to access their pay.
When a person wants a Money Network™ card, there is typically no need for him to be concerned about his credit history. A person doesn’t acquire this card based on his credit score. Instead, to be eligible for this card, a person has to be an employee of a company that offers it as a method of payroll distribution. This means a person can get this type of card even if he has been denied a credit card or turned down for a debit card through another company.
An individual can typically use his Money Network™ card at an automated teller machine (ATM). He is not limited to using an ATM at a particular bank or in a specific city, however. In most cases, he can use any ATM to access his money. Additionally, a person can usually make use of his card anywhere debit cards are accepted. He may even use it to make purchases or pay bills online.
The money that has been deposited on a person’s Money Network™ card doesn’t usually expire. A person can use some of it and leave the rest of it on his card until he is ready. He may also withdraw the balance of his money through an ATM, though he may be limited in the amount of money he can withdraw each day. He may even withdraw the balance using a pre-authorized check. If desired, a person also has the option of withdrawing the funds on his card through direct deposit to his bank account.
Though the Money Network™ card may be convenient, it isn’t typically free. A person may have to pay a small fee for certain transactions, and ATMs may charge fees for withdrawals as well. An individual may learn about the fees he’ll have to pay by checking the fee schedule his employer provides.