How to transfer money from Payactiv to a bank account?

The Payactiv app has used in banking, where an employee can get funds for paying bills. Read the article below to learn more about the app’s processes and features and how to transfer funds to a bank account.

Payactiv App

Payactiv app Overview:

Nowadays, every employee has different types of bill payments. In some conditions, getting salaries or having no balance to pay the bills might be late. So Payactiv has used to get funds before the due. Through this app, the user can get funds. Delay payments may lead to a fall in CIBIL scores. This app helps the user during good times in many ways.

It uses to pay the bills on time. This app is only for employees whose workplace employer offers it to them. This app’s main advantage is that it reduces the employees’ financial stress. There is no membership fee for getting membership in this app but a $5 charge for every withdrawal.

How does Payactiv works?

The Payactiv app is used for paying bills in advance by borrowing funds. It can be used only if the workplace employers offer it to their employees. To register as an employee in the app, you must get the account and router numbers.

After creating an account, it automatically connects your working hour’s details. The funds in the app are the wages you are getting for your work hours. As it is not a loan, the money you use from the app will deduct from your salary by the employer.

How to sign up for a Payactiv account?

The following are the steps for opening an account on Payactiv.

  • Firstly, Go to the official website.
  • Secondly, On the screen, you will see Create account option. Click on it.
  • Then click on the Employers offers option.
  • Enter your mobile number and click on Create account.
  • You will get a code to your mobile number. Enter the code you got to your phone.
  • Next, please enter your contact info and create a password for it.
  • Then, give your workplace details like address, employer’s ID, etc.
  • Enter your SSN’s last four digits and your driver’s license number.
  • Lastly, click on set up your account.

You can also enroll in it by sending a message to 1-877-937-6966 or emailing: [email protected]

Payactiv Features:

Some of the features of Payactiv are,

  • It has an automatic bill payment option.
  • You can use the app’s savings tool to build an emergency fund.
  • There are many discounts available for prescription medication.
  • You can also sign-up for financial counseling.

How to transfer money from Payactiv to a bank account?

While signing up for an account in Payactiv, connect your bank account to the app. So the work wages you can transfer the work wages funds to your account.

Direct deposit is one of the best and easy ways to move money electronically to a bank account. The money you get from the app will directly transfer to the connected bank account through direct deposit. Because sometimes liquid cash payments or withdrawals might be difficult.

How to set up a direct deposit?
  • Firstly, go to your employer’s Payroll Department HR or Direct supervisor.
  • Then, ask for the direct deposit form you will get with the Payactiv card.
  • Fill in the form with your details like name, employer’s name, SSN, etc.
  • Now, sign the form with the date.
  • Give the form to the Payroll contact. They will update your info.

You can set up a direct deposit online.

  • Open the app and log in to your account using your username and password.
  • Now, please search for the card icon in the menu and tap on it.
  • Next, you can see three dots in the right corner. Tap on it.
  • You will get your routing number and account number.
  • Get a copy, and fill in the form with your details.
  • Lastly, submit the form.

How to connect a bank account to the app?

To connect a bank account to Payactiv, follow the below steps.

  • Firstly, open the app on the device.
  • Next, go to the settings option.
  • You can see the Bank accounts icon and then click on it.
  • Then, click on Add New account option to add a new account.
  • Now, select the bank account name from the list (or) types your bank account name in the search option.
  • Enter your bank details, and lastly, save the details.

How to get the amount from the app?

After opening an account in Payactiv, you will get 50% of your salary amount as work wages based on your work hours. To get that money, you can transfer it to your bank account and withdraw it (or) get it from the Walmart money center.

Frequently asked questions (FAQs):

Can we use Payactiv even if our employer is not enrolled in it?

Yes, even though your employer is not enrolled, you can apply for the card.

Is there any fee to open an account on Payactiv?

No, it is free of cost to open an account. But $5 is charged for every withdrawal.

Is there any interest added to the funds we take?

No, there is no interest as it is not a loan. But the amount you used is deducted from the salary by the employer.

How small is the amount accessible?

50% of your net earnings amount is transferred to your account. You can use that work wage.

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