Consent to Payroll Card Account
I hereby designate MetaBank as my financial institution to accept the direct deposit of my wages from my employer into an account at MetaBank. I choose to receive a Visa Payroll Card issued on my behalf by MetaBank for the purpose of accessing my wages from my Payroll Card account. I acknowledge that third parties other than MetaBank may impose fees and charges in connection with the use of the Visa Payroll Card; however, I understand that I may choose one of several transactions each pay period, which are outlined in the Cardholder Terms and Conditions, by which I can withdraw my entire net pay without the payment of a fee.
Your Prepaid Card Account and associated direct deposit account number cannot be used for preauthorized direct debits from merchants or from utility or Internet service providers. If presented for payment, these preauthorized direct debits will be declined and your payment to the merchant or provider will not be processed. The bank routing number and direct deposit account number are for the purpose of initiating direct deposits to your Prepaid Card Account only. You are not authorized to provide this bank routing number and direct deposit account number to anyone other than your employer or payer.
Direct deposit capability is subject to payer’s support of this feature. Check with your payer to find out when the direct deposit of funds will start. Funds availability is subject to timing of payer’s funding.
Important Information about Procedures for Creating a Payroll Card Account
To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for me: When I apply for a Payroll Card, I will be asked for my name, address, date of birth, and other information that will allow you to reasonably identify me. I may also be asked to see my driver’s license or other identifying documents at any time.
Use of Payroll Card
I may withdraw funds or make purchases through use of the Visa Payroll Card issued by MetaBank. The features and rules of the Payroll Card and applicable fees are described in the Cardholder Agreement. By signing below, I acknowledge receipt of the Cardholder Agreement and agree to abide by all terms and provisions contained therein.
Ownership of Funds
Funds will be electronically deposited into a deposit account on the books of MetaBank, for my benefit. I may withdraw funds by using the Visa Payroll Card. I may withdraw only the amount of my separate amount deposited pursuant to this Agreement in such deposit account.
< b> FDIC Insurance
MetaBank is a member of the Federal Deposit Insurance Corporation (“FDIC”): All value on the Card is shown in United States dollars. Your deposits are FDIC insured up to $250,000.
Record keeping and Customer Service
By signing this Acceptance Form, I agree that FSV Payment Systems, Inc. (“FSV”) will maintain the records related to the Payroll Card and the Visa Payroll Card account balance as an Independent Sales Organization of MetaBank and will provide customer service for such Visa Payroll Card.