CashPay is a Visa®-branded card account, which allows the company to offer direct deposit to those employees who do not have a checking account or who do not want their pay, deposited into their existing bank account. The deposit account is FDIC-insured and follows all Regulation E requirements. It enables the company to move toward a totally electronic payroll. The employee has access to their pay 24 hours a day, 7 days a week via purchases everywhere Visa debit cards are accepted, ATMs and PIN-based point-of-sale (POS) terminals.
The principal benefits to CashPay employees are:
Contact your Program Administrator representative.
Once you sign up it will take approximately 5-7 business days to receive your card. It will arrive via U.S. postal mail. Please read all information included with your card carefully to ensure proper activation and use of your card.
Yes, your name will appear on the CashPay Card.
Note: If you receive an instant issue CashPay Visa card directly from your employer, your name will not appear. After 3 value loads or 60 days, whichever comes first, a personalized card will be sent to you via U.S. mail.
No. All CashPay accounts will be issued in your name only, similar to how your paycheck is issued in only your name.
Once your card is received you must call into CashPay Customer Service or visit online customer service to activate your card. Once this occurs, you may use your card as soon as the company makes the deposit.
You can complete a balance inquiry using automated account information via the toll-free customer service number, at an ATM, or you may also check your balance online at www.bankofamerica.com/cashpay. It is recommended you perform a balance inquiry before performing a transaction so you will know how much money is available in your CashPay account.
You can use your CashPay Visa-branded card everywhere Visa debit cards are accepted. Just press “credit” and you will be asked to sign a receipt for your purchase.
Note: If your company issues a CashPay ATM card, you may use your card at PIN-based Maestro and Interlink point-of-sale locations and at Bank of America, Visa and Cirrus ATMs only. These cards will not be accepted for Visa signature purchases.
Many merchants, like grocery and convenience stores and the U.S. post offices, will offer the ability to take up to a certain amount in cash back with a pinned point-of-sale purchase. The amounts could vary by merchant, but usually are $20, $50 or $100.
Yes, if you have an originally-issued CashPay Visa card, you may perform an Online Funds Transfer via the CashPay Customer Service website at www.bankofamerica.com/cashpay (fee will apply) to transfer funds from your CashPay account to a traditional checking or savings account owned by you in the United States. You will need to register a “transfer-to” account prior to performing your first transfer. A minimum value of $20.00 may be transferred and you may only have up to two different “transfer-to” accounts in your profile. To begin this process you will simply sign on to the CashPay Customer Service website and select the “Transfer funds” link within your online Account Summary page.
No. You may use your CashPay card everywhere Visa debit cards are accepted, at pinned point-of-sale (POS) terminals and at ATMs for any portion of your available balance as often as you like. You may withdraw up to $1,000 from an ATM during any 24-hour period, while you may withdraw any amount of your pay at the teller. Safeguard your money and take only what is needed.
Yes, there is a daily maximum ATM withdrawal limit. You may withdraw up to $1,000 from an ATM during any 24-hour period. This is to help protect you against ATM cash out fraud. ATM owners determine how much their ATM’s will dispense per transaction (up to 40 bills) and you may need to make multiple withdrawals to reach the $1,000 limit.
Transaction fees are charged as they occur.
You will be provided the toll-free CashPay Customer Service number when you receive your card. This number is displayed on the back of your card, as well as within your user guide information. You may also obtain account information via online customer service.
The Bank of America “Zero Liability” Policy protects you against fraudulent transactions if your card is lost or stolen (subject to certain conditions). If you lose your card or someone uses your CashPay card without your permission, it is important that you contact us as soon as you can to report your card lost or stolen, report any unauthorized transactions and begin the error resolution or dispute process. The account agreement you receive with your card will provide specific instructions on the dispute process and the time frames that apply to the Bank of America “Zero Liability” Policy. In addition, Visa Purchase Security and Visa Zero Liability programs also protect the consumer for unauthorized card use (Visa-brand cards only).
All account disputes should be directed to CashPay Customer Service. You should contact us as soon as you can if you think your statement or receipt is wrong, or if you need more information about a transfer on the statement or receipt.
If you are a cardholder that does not receive a monthly account statement, we must hear from you no later than 60 days after the earlier of the date you electronically access your account, if the error or problem could be viewed in your electronic history; or the date we sent the FIRST written history on which the error or problem appeared, but in any event you must report the error or problem no more than 120 days after the transaction allegedly in error was credited or debited to your account. If you are a cardholder that receives a monthly statement, we must hear from you no later than 60 days after we sent you the FIRST statement on which the error or problem appeared.
A customer service representative will provide you with a dispute form to complete and return. A dispute form may also be obtained on the CashPay Customer Service website.
For your convenience automated account information, dedicated Customer Service Representatives and www.bankofamerica.com/cashpay are available 24 hours day, 7 days a week.
CashPay automated account information options include:
CashPay Customer Service representatives can help you with the above options, plus:
www.bankofamerica.com/cashpay options include:
Contact your company’s payroll representative -- Do not call CashPay customer service.
No. All CashPay customer service needs must be directed to the toll-free CashPay Customer Service number. Banking centers can assist with standard checking and savings accounts, but not CashPay.
All account maintenance activities should be directed to CashPay Customer Service.
Your pay will generally be available at the traditional opening of business on the payday, or approximately 9 am. After this time, you can access your pay by making purchases or withdrawing funds at any ATM 24 hours a day.
The following items are in your Card package:
Notify your employer that you wish to be paid by another option and call customer service to close the account directly.
Note: Only the account owner or Bank of America can close a CashPay account.