Payroll Prepaid Card®

Overview

Oxford Payroll Prepaid Card® is an exceptional solution for employers and employees. It is easy to set up, to use and is available for all employees. The Oxford Payroll Prepaid Card® can be used everywhere.

Employer
No more time wasted for ...

Employee
Finally...

Employer

Benefits
Oxford Payroll Prepaid Card® benefits to Employers are:

Employer Frequently Asked Questions

1. What is an Oxford Payroll Prepaid Card®?
2. Why is the Oxford Payroll Prepaid Card® an advantage to an employer?
3. Do we need a minimum of number of employees participating to get access to this service?
4. Do we need additional software or systems to manage direct deposits on the Oxford Payroll Prepaid Card®?
5. Can we eliminate all paper payroll cheques?
6. How much does it cost?
7. How can our employees get access to an Oxford Payroll Prepaid Card®?
8. What are the advantages for our employees?
9. What if an employee doesn't have a bank account?
10. How long will it take to get started?
11. How do we know that the money will really be deposited?
12. What if an employee's card is lost or stolen?

Please refer also to the Employees' "Frequently Asked Questions" section.

1. What is an Oxford Payroll Prepaid Card®?

The Oxford Payroll Prepaid Card® Card is the smartest way to handle money. It works like a debit card and your employees have access to the Cirrus® network without having to pay any interest. Oxford Payroll Prepaid Card® allows your employees instant access to their pay on the morning it's due and it is far safer than carrying cash. The card is a perfect tool for a direct-deposit option for all your employees, with or without bank accounts, whether they are seasonal, part-time, contractual or on the road.

2. Why is the Oxford Payroll Prepaid Card® an advantage to an employer?

Payday will become simpler and easier. There will be less paper and the overall operation will be more efficient. The card permits substantial savings by eliminating all current pay cheque costs, including reconciliation, fraud and reassurance. The card improves productivity and streamlines your whole payroll process.

3. Do we need to have a minimum of number of employees participating to get access to this service?

No. There is no minimum of employees. Oxford Payroll Prepaid Card® is available to all employers and their employees.

4. Do we need to have additional software or systems to manage direct deposits on the Oxford Payroll Prepaid Card®?

No. It's not necessary. You may transmit a detailed payments list by e-mail, fax, telephone or by secure WEB and funds will be automatically deposited on each employee's card.

5. Can we eliminate all paper payroll cheques?

Depending on your agreement with your employees, you may be able to eliminate all of your paycheques.

6. How much does it cost?

The processing cost of the Oxford Payroll Prepaid Card® is similar to direct deposit costs. Please contact one of our representatives.

7. How can our employees get access to an Oxford Payroll Prepaid Card®?

Each employee signs an application form with his or her employer. They will receive their personalized cards within 10 days. We also provide additional customized support services based upon your individual requirements.

8. What are the advantages for our employees?

Employees with a Oxford Prepaid Card® will get instant access to their pay first thing on payday and will save money, as they will not have to pay high cheque cashing fees. It is a prepaid card that protects against fraud and identity theft because there are no bank accounts linked to it. The card is an ideal tool to facilitate purchases and works everywhere payment cards are accepted. Your employees can withdraw cash through thousands of Cirrus® network ATM's. Oxford Payroll Prepaid Card® is also safer than carrying cash and facilitates budget planning.

9. What if an employee doesn't have a bank account?

Everyone qualifies for the Oxford Payroll Prepaid Card®* - there's no bank account needed. Oxford Payroll Prepaid Card® is not a credit card.

* Oxford Financial Services Inc. performs only an identity check of the applicant. Must be at least 16 years of age to apply.

10. How long will it take to get started?

You may have your payroll on Oxford Payroll Prepaid Card® in as little as 10 working days.

11. How do we know that the money will really be deposited?

The Oxford Payroll Prepaid Card® works just like Direct Deposit, so that the payroll funds will be on the card within the same amount of time that a Direct Deposit would be in employees' bank accounts. You will get access to detailed reports.

12. What if an employee's card is lost or stolen?

Your employee will merely have to call our service centre and they will receive a new Oxford Payroll Prepaid Card® and the balance of their card will automatically be transferred.

Interested in learning about the Oxford Payroll Prepaid Card® Card as employee? View our Employee FAQs.

Employee

Benefits
Oxford Payroll Prepaid Card® benefits to Employees are:

* Oxford performs only an identity check of the applicant. Must be at least 16 years of age to apply.

Employee Frequently Asked Questions

1. How does the Oxford Payroll Prepaid Card® differ from a credit card or bank debit card?
2. How does the Oxford Payroll Prepaid Card® protect my identity and money from theft?
3. How can I get a Oxford Payroll Prepaid Card®?
4. Where can I use my Oxford Payroll Prepaid Card®?
5. What are the fees for using my Oxford Payroll Prepaid Card®?
6. Can I load cash onto my Oxford Payroll Prepaid Card®?
7. What are the ATM withdrawal limits on my Oxford Payroll Prepaid Card®?
8. How am I protected if I lose my Oxford Payroll Prepaid Card®?
9. How do I change my account information and personal PIN number?
10. What if I forget my PIN?
11. What should I do if my card is lost or stolen?
12. Can I let anyone use my Oxford Payroll Prepaid Card®?
13. How can I check my balance, review transactions or download statements?
14. Can I return merchandise purchased with my Oxford Payroll Prepaid Card®?
15. Can I make a purchase if I don't have enough money in my account?
16. What if I disagree with a transaction posted to my account?

Interested in learning about the Oxford Card as a direct deposit option for your employees? View our Employer FAQs.

1. How does the Oxford Payroll Prepaid Card® differ from a credit card or bank debit card?

Oxford Payroll Prepaid Card® is a prepaid card. The card works like a debit card or a credit card, but you can spend only the amount of funds your employer deposits onto your card. No bank account is needed. No credit checks.* Oxford Payroll Prepaid Card® can be used at ATMs and retail stores worldwide anywhere Cirrus® is accepted. You are in control of your spending. It also helps protect against identity theft and fraud because it is not linked to a bank account. The Oxford Payroll Prepaid Card® also helps your budget planning.

* Oxford Financial Services Inc. performs only an identity check of the applicant. Must be at least 16 years of age to apply.

2. How does the Oxford Payroll Prepaid Card® protect my identity and money from theft?

First, the money on your Oxford Payroll Prepaid Card® is not linked to any of your personal information or any of your other accounts. Secondly, if it is lost or stolen, your money is protected with your PIN and Oxford Payroll Prepaid Card® zero-liability protection applies. Last, your monthly statements are online (unless requested by yourself) and not mailed to your home, protecting your personal name, address and account information from mail fraud - one of the fastest growing and quickest ways for thieves to steal your identity. You may choose to receive your account statements by mail for a fee.

3. How can I get an Oxford Payroll Prepaid Card®?

Simply have your employer call us to offer Oxford Payroll Prepaid Card® to all employees, allowing you to deposit your pay cheque directly onto an Oxford Payroll Prepaid Card®.

4. Where can I use my Oxford Payroll Prepaid Card®?

Oxford Payroll Prepaid Card® can be used at thousands of ATM's and retail stores nationwide, or over the phone or online. Use your card to purchase groceries, gas, music or books online, rent a car… or anything you would like. It works like a credit card, but the funds are prepaid. Be sure to check your balance frequently online or call customer service (and use the automated attendant).

5. What are the fees for using my Oxford Payroll Prepaid Card®?

Please see Terms and conditions section.

6. Can I load cash onto my Oxford Prepaid Payroll Card®?

There is only one way to load funds onto your Oxford Payroll Prepaid Card®. Only your employer can deposit onto your Oxford Payroll Prepaid Card®.

7. What are the ATM withdrawal limits on my Oxford Payroll Prepaid Card®?

The daily ATM withdrawal limit is $1,000. Please review the online Terms and conditions section for the most up-to-date information about your Oxford Payroll Prepaid Card®.

8. How am I protected if I lose my Oxford Payroll Prepaid Card®?

Your Oxford Payroll Prepaid Card® can only be used for withdrawal at ATMs with your PIN. Your card is personalized, must be signed by yourself and verification is required in retail stores, preventing unauthorized usage. Your card is also protected by the Oxford Payroll Prepaid Card® Zero-Liability Policy. You should sign the back of your card upon receipt for your protection. Report a lost or stolen card immediately by calling customer service.

9. How do I change my account information and personal PIN number?

You can do this online or by calling customer service. For online changes, simply log onto your account and select the appropriate function on the main page.

10. What if I forget my PIN?

Call customer service. Be prepared to provide your personal account information.

11. What should I do if my card is lost or stolen?

Immediately contact customer service. A customer service representative can assist you by moving any unused balance to a replacement card.

12. Can I let anyone use my Oxford Payroll Prepaid Card®?

Since the Oxford Payroll Prepaid Card® is PIN-protected and must be signed, it is strongly recommended that only the cardholder be allowed to use the card. The cardholder is responsible for any transactions made by someone other than themselves.

13. How can I check my balance, review transactions or download statements?

You can check your account history by either logging into your account online or by calling the customer service automated attendant. If you log in to your account, you can check your balance or review and/or print monthly statements.

14. Can I return merchandise purchased with my Oxford Payroll Prepaid Card®?

Yes, all online and store purchases can be returned in accordance with the retailer's return policy. Any refunds or credits will be credited back to your Oxford Payroll Prepaid Card® account. You will not be charged a transaction fee for credits.

15. Can I make a purchase if I don't have enough money in my account?

No, since your card is prepaid, you can only spend the available balance on your card. However, sometimes a merchant will make a mistake and approve a transaction even though your account did not have the funds to cover the full amount of the transaction. Should this occur, the primary cardholder will be responsible for the transaction, and will be charged applicable overdraft fee(s). Please see your Terms and conditions section for additional information.

16. What if I disagree with a transaction that has posted to my account?

You can call customer service and a representative will assist you.

Interested in learning about the Oxford Payroll Prepaid Card® Card as employer? View our Employer FAQs.