| The U.S. Bank AccelaPay Card is Visa® or MasterCard® branded and replaces costly paper checks in a broad range of recurring business cash disbursement needs including payroll, commissions, travel advances and insurance claim distributions.
How It Works
Businesses deposit funds to an AccelaPay account just like a direct deposit to a checking account. Cardholders can then access the funds transferred to the card at most ATMs or by making a purchase at any merchant that accepts Visa or MasterCard debit cards. Anyone is eligible for the card, and there are no customer credit checks or bank accounts required1.
Business Benefits:
- Cost savings - Reduce payment expenses by replacing costly paper checks with an efficient electronic payment solution. All funds are transferred into the account through ACH.
- Versatility - Use the card for a broad range of recurring business cash disbursement needs including payroll, commissions, travel advances, incentives and insurance claim distributions.
Employee Benefits:
- Convenience - Funds are automatically loaded to the card, so there's no need to cash or deposit a check.
- Worldwide acceptance - Accepted at millions of locations that accept Visa or MasterCard debit cards worldwide, as well as most ATMs2.
- Flexibility - It's a great way to keep separate funds for vacations, gifts or day-to-day expenses.
- Security - If the card is lost or stolen, the funds are protected by Visa3 or MasterCard4 Zero Liability for unauthorized purchases and are FDIC insured.
- Track spending - Customers can check their balance 24/7 online or by phone.
- Recurring payments - Cardholders can use it to pay many recurring bills like utilities, health care and subscriptions.
Card Features:
- Online Bill Pay - Manage bill payments like utilities, healthcare and subscriptions online.
- Alerts and Notifications - Receive email or text alerts for specified account activities.
- Mobile Banking Application - View account balances, transaction histories and pay bills from any mobile phone.
- Portability and Reload Networks - Add additional funds and load cash on to the card through the Visa ReadyLink or MasterCard rePowertm Network.
- Access Checks - Write personal checks that are tied to card accounts.
- Companion Cards - Request a second card for a friend or family member.
- Card to Account Transfers - Transfer funds to or from financial deposit accounts.
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