Payments
Greenshades Software partners with Branch to offer zero-fee bank account
December 17, 2021
Greenshades Software, a payroll, HR and compliance solutions provider, has partnered with Branch, a workforce payments platform to provide a zero-fee bank account and debit card option to employees of its customers. The company has integrated Branch into its employee self-service portal to provide direct deposit for employees, including unbanked ones, according to a press release.
Employees can set up a Branch Wallet backed by an FDIC-insured checking account from Evolve Bank & Trust through this partnership. Users can also get a Branch Card upon sign-up via Apple Pay or Google Pay and access more than 55,000 fee-free ATMs.
Payroll administrators also have real-time visibility of account creation and direct deposit updates. This helps eliminate the costs of paycard and paper checks, according to the release.
"We're incredibly excited for this partnership because of Greenshades' shared mission of empowering workers and providing easier access to financial services," Atif Siddiqi, CEO, Branch, said in the release. "With our deep integration, we look forward to bringing Greenshades customers and their workers a seamless, mobile-first banking experience that can help them grow financially."
