Singapore Debit Card, A New Type

Although people can choose from a variety of options for a Singapore debit card, last year something new was developed and introduced to the public.  For smaller business owners, this new type of debit card has made business operations far easier.  Known as the payroll debit card, companies are finding this to be an outstanding solution to many payroll problems.  However, not only is this Singapore debit card a great payroll solution it also provides employees benefits.[br]

Although people can choose from a variety of options for a Singapore debit card, last year something new was developed and introduced to the public.  For smaller business owners, this new type of debit card has made business operations far easier.  Known as the payroll debit card, companies are finding this to be an outstanding solution to many payroll problems.  However, not only is this Singapore debit card a great payroll solution it also provides employees benefits.[br]

With the payroll Singapore debit card, employees can use the card much as a “loaded” or “prepaid” card, meaning once they deposit money funds for spending to purchase items or to make payments on bills is available.  Additionally, with this type of card, the employee would have the ability to send money to countries all over the world.  Then with an online account, the account for this payroll Singapore debit card could be monitored so the employee can see any withdrawals, deposits, inquiries, and balances, or make a money transfer.

For the employer, the payroll Singapore debit card is also beneficial.  In this case, the need to purchase paper to print paychecks, as well as the process of printing and distribution are eliminated.  Not only is this a money saver but it also saves the business owner a tremendous amount of time that could be spent better elsewhere.  To the employer, this alone makes the payroll Singapore debit card worth its weight in gold.

Another benefit is that for employees without a bank account, the payroll Singapore debit card is loaded with the individual’s paycheck amount and then to withdraw funds, the employee would simply visit an ATM.  Since these debit cards are backed by MasterCard or Visa, all the employee needs is an ATM that accepts cards of this type, which is most of them.  The employee would then have the opportunity to withdraw the full paycheck amount or in increments as needed.[br]

Without doubt, being paid on a payroll Singapore debit card has proven to be a highly successful solution.  With so many people living in Singapore, carrying around a lot of cash is risky but having a debit card reduces risk, making this a more secure way of being paid.  If for some reason the employee were to lose the card or have it stolen, they would make a simple phone call to a number provided and immediately, the account would be deactivated.

Businesses throughout Singapore are now adopting this new way of handling payroll.  All types of industries have chosen the payroll Singapore debit card, as well as other paychecks such as social security, civil service retirement, railroad retirement, supplemental security income, etc.  The employer would simply deposit the money to the card without paying a dime.  Once the money is on the card, the employee can choose how and where to spend it, whether to pay utility, mortgage, or car payments, or to make purchases for gasoline, groceries, clothing, etc.

Along with saving money by not purchasing stamps to mail out bills, the employee calls the company, provides the payroll Singapore debit card number, and the transaction is complete.  Even transferring money is inexpensive with this debit card.  In this case, the employee can move  money for as little .50!  Finally, for employees without computer access to check account balance, a phone number could be called.