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Introducing Vault: A Payroll Card to Boost Hiring and Retention

Your employees work hard to drive your business. Don’t they deserve more convenience and flexibility with how they get paid? The Vault Visa® Payroll Card unlocks this power and gives you a competitive edge in this tight labor market. And it gives your employees the ability to get paid up to two days earlier.* After all, while their needs vary, every worker is affected by one thing: their pay.

Vault is available exclusively to Paycom clients. The Vault card empowers employees with a new, electronic option to receive and manage their pay — in part or in full — with no monthly fee. Vault cardholders also receive:

  • Visa Zero Liability protection against fraudulent purchases††
  • access to Visa Offers and Perks
  • 24/7 phone support via Vault Customer Service
  • freedom from check-cashing fees for greater financial wellness

Easy enrollment

Vault isn’t just a payroll card, but a vehicle for financial wellness by giving employees — even those without traditional bank accounts — greater control and convenience over how they get paid.

After your organization signs up, you can give your current employees and your newest hires the ability to enroll in Vault. And because enrollment is completed through Paycom’s easy-to-use app, employees are able to self-enroll in the Vault card and update their information with ease. Since the employee’s Vault information automatically updates to Paycom after enrollment, the risk of miskeying routing and account numbers is eliminated.


Plus, employees will have immediate digital access to their Vault card — including the ability to add it to their mobile wallet for easier transactions — even before their personalized card arrives.

How Vault empowers employees

Today’s employee needs flexibility, versatility and convenience in every aspect of their work life, including payroll. In a time of high inflation, Vault eliminates the need for cardholders to spend money on costly check-cashing fees. And for the 7.1 million households without a bank account,1 Vault isn’t just a benefit; it offers financial freedom.

Vault gives employees looking for a powerful financial tool the ability to deposit some or all of their check onto the Vault card. The My Vault Card app provides a convenient way for your workforce to check funds and manage their account.

By allocating a specific portion of their pay, Vault can help employees with family budgeting, vacation planning and more. Whether it’s for next week’s grocery list or a future expense, Vault gives households one less concern about their financial security. Instead, it helps them build toward a better tomorrow.

In addition to a physical Vault card, employees can access Vault on the go by placing it in their mobile wallet. Vault can be used at millions of retailers that accept Visa debit cards, and it also gives employees access to over 40,000 no-fee, Allpoint® ATMs in the U.S. and Puerto Rico.§

How Vault benefits businesses

Offering Vault helps organizations stay in tune with their employees’ needs by giving them a payment option that can fit their lifestyle. After all, the best candidates need accommodations that enhance their well-being in and out of the workplace.


In addition to being a helpful recruitment tool, Vault helps simplify and streamline the payroll process and the depositing of wages. According to a 2021 survey from OnePoll, 58% of respondents said they had issues with employee direct deposit and inaccurate banking information, causing them or their employer to be liable for unnecessary costs.2 Vault also helps employers by:

  • reducing the inconvenience of paper-based payroll
  • providing an edge in hiring and retention with attractive payday options for employees
  • enhancing benefits to combat turbulence in the labor market
  • reducing check fraud with secure electronic funding

By providing an additional and powerful option to pay your workforce, Vault helps HR and employees focus on driving your business’s success.

Learn more about how Vault empowers employees and enhances operations.


1Federal Deposit Insurance Corporation, How America Banks: Household Use of Banking and Financial Services,, Dec. 17, 2021.

2A survey of 300 US HR, Payroll or Accounting professionals that regularly work in the payroll process was conducted by OnePoll on behalf of Paycom in October 2021.

*Early direct deposit availability depends on timing of payor’s payment instructions, and fraud prevention restrictions may apply. We generally make these funds available on the day the payment file is received, which may be up to two days earlier than the scheduled payment date. As such, the availability or timing of early direct deposit may vary from pay period to pay period.

†See the Cardholder Agreement linked on for a complete list of fees associated with the card.

††Subject to its terms, under Visa’s Zero Liability Policy, your liability for unauthorized Visa debit transactions on your Card Account is $0.00 if you are not negligent or fraudulent in the handling of your Card. You must notify Vault Customer Service immediately of any unauthorized use. For specific restrictions, limitations and other details, please consult Vault Customer Service.

Offers are made by participating merchants. The Bancorp Bank, N.A., and Paycom are not the sponsor of Offers and Perks and are not responsible for fulfilling orders.

§See app or visit or for surcharge-free ATM locations. Fees apply for out-of-network withdrawals. See your Cardholder Agreement for full list of applicable fees for your card. ATM limits apply.

Cards are issued by The Bancorp Bank, N.A., Member FDIC, pursuant to a license from Visa U.S.A., Inc. and can be used everywhere Visa debit cards are accepted. Opinions, advice, services, or other information or content expressed or contributed here by customers, users, or others, are those of the respective author(s) or contributor(s) and do not necessarily state or reflect those of The Bancorp Bank, N.A., (“Bank”). Bank is not responsible for the accuracy of any content provided by author(s) or contributor(s).

DISCLAIMER: The information provided herein does not constitute the provision of legal advice, tax advice, accounting services or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional legal, tax, accounting or other professional advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation and for your particular state(s) of operation.