Payroll Cards

Save time. Save money. Save paper. Put your employees’ pay on a payroll card instead of printing checks.

If you have employees that aren’t taking advantage of direct deposit or don’t have a bank account, put their pay on a payroll card. Works just like a debit card and is accepted anywhere Visa is accepted.

Advantages of using the Payroll Card include the following:

  • Never again pay a fee to cash a paycheck
  • Reduced check printing costs
  • Reduced check reconciliation costs
  • Reduced lost/stolen check replacement costs
  • Pay employees located at remote locations
  • Reduced likelihood of check fraud

Complete the form below and someone will contact you with more information on Centennial Bank's Payroll Cards.

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NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS

All funds in a "noninterest-bearing transaction account" are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules.

The term "noninterest-bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts ("IOLTAs"). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, and money-market deposit accounts.

For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.

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