After July 1, CU will permanently swap paper payroll checks for paycards, giving you an easier, greener and more secure means of getting paid. The university has teamed with security services provider Brinks to issue CU employees Brink's Money cards, alternatives to paper paychecks and traditionally managed direct deposit accounts.
Any pay processed after July 2, 2014, will be processed via paycard. Each pay period, your pay will be loaded onto your paycard at 7 a.m. MDT. From here, you can withdraw money at a bank or ATM or transfer it to another account.
Paycards are safer than paper checks. They allow you to place your money in an FDIC-secured bank without participating in traditional banking. You can immediately report a lost or stolen card to Brinks to ensure it is canceled, your money is safe and you receive a new card.
Paycards will be CU’s default pay option. If you fail to sign up for direct deposit, you will be mailed a paycard. Note: If you are currently signed up for direct deposit, you will continue to get your pay via direct deposit.
A Colorado statute requires all state employers to pay its employees by direct deposit. Switching to paycards will allow CU to comply with regulations while bestowing a variety of benefits to its workforce. The change will save CU more than $50,000 each year on printing and mailing paper checks.
How paycards work
Paycards present a fast, easy and more secure method to get paid.
- Employees who do not set up an account for direct deposit by July 1 will be mailed a paycard.
- Employees must call the number on the front of the card to activate it, at which point they may begin using them for normal banking transactions. Follow the instructions on your card to set your PIN at least 24 hours prior to your first deposit.
- The first card you receive is a temporary card. It can be used to make signature-based purchases in restaurants, stores, online and by phone anywhere Debit MasterCard is accepted. Once you enroll in the program, a card with your name on it will automatically be sent to your mailing address.
- Want all of your pay in cash? You can do that. When you are mailed your paycard, you will receive two checks, which allow you to write yourself a check for the full amount in your account and cash it at a U.S. Bank branch. Full instructions on how to use these checks will be included in the paycard packet.
- Each pay period, your newly deposited funds will be available starting at 7 a.m. Mountain Time on payday.
Benefits of paycards
In many ways, paycards provide increased security and services compared to paper checks:
Free bank and ATM use—You will have access to hundreds of banks and ATMs within a short distance of each CU campus, and you won’t be charged additional fees. To find an Allpoint Network ATM visit allpointnetwork.com or brinksmoney.com.
Get your money faster—You’ll be able to use your card to withdraw or transfer the newly deposited funds starting at 7 a.m. MDT on payday.
Free replacement of lost cards—If you lose your card, call Brinks customer service for a free replacement. You’ll be eligible to receive one free replacement card each year.
Online money management—Access everything from your balance to your account history via Brinks’ online account center.
Free checks from Skylight Financial, the processing side of Brinks—Order and receive free checks for your personal use.
Ask for cash back at stores—When making a PIN-based purchase at participating stores, including grocery stores, discount outlets and convenience stores, simply ask the cashier for cash back or use the PIN pad to indicate you’d like cash back.
Take your card with you—If you leave your position at CU, you can use your paycard to set up direct deposits with your new employer.
Sign up for Direct Deposit
If you have any questions, please call Employee Services at 303-860-4200 or toll-free at 1-855-216-7740.
What is the Brink's Money Program?
Where can I use my Brink's Money Card?
What are Skylight Checks and how can I use them?
If you prefer, you can use Skylight Checks to write your own paycheck! Each payday, whether you’re at work, at home or on vacation, you can use a Skylight Check to withdraw all of the cash from your Brink’s Money Account. Skylight Checks can be cashed free of charge at any U.S. Bank branch and at participating ACE Cash Express locations.
You will receive two checks in your new account packet. You can order additional checks for free by calling Customer Service at the number on the back of your card.
What does the Brink’s Money Program cost?
Will I get a new card each payday?
My Brink’s Money Card doesn’t have my name on it. Can I still use it to make purchases?
Can I request more than one card?
What happens if I lose my card?
How can I check my balance and track my spending?
What if I want to talk to someone about my account?
Based on how you use your card, some fees pay apply. These fees will be automatically debited from your account. Please review the following list, so you understand the fees related to your account.
|Maintenance Fee - Primary Card||No Charge|
|Signature Debit Purchase||No Charge-At participating MasterCard merchants|
|MasterCard Over-the Counter Cash Withdrawal (down to the penny)||No Charge - Available at any MasterCard Member banks|
|Balance Inquiry by calling the automated phone system (IVR)||No Charge|
|Balance Inquiry via Anytime Alerts||No Charge - Cardholder must opt-in for free Anytime Alerts, which are sent via email or text. Cardholder's standard rates or other charges for receiving text messages may apply.|
|Balance History Inquiry via Live Customer Agent||$0.50|
|Domestic AllPoint ATM withdrawal||No Charge - ATM transaction on the Allpoint network are fee-free and surcharge free|
|Other Domestic ATM withdrawal||$1.50 - ATM transaction are surcharge free within Skylight's sponsored networks; other ATM owners may assess a surcharge|
|International ATM withdrawal||$1.50|
|International (Foreign) Transaction-Conversion Surcharge Fee||3.5 percent of transaction amount -Skylight charges a fee of 3.5% of the U.S dollar amount of any international transaction, including ATM withdrawals, signature-based purchases and internet, mail or telephone orders processed in countries outside the US. Funds dispensed in local currency. The amount of any foreign transaction will post to the cardholder's account in U.S. dollars|
|PIN Debit Purchase||No Charge - At participating MasterCard merchants|
|Skylight Checks||No Charge - using/cashing and reordering|
|Purchase transaction Decline||$1.25|
|Balance inquiry via ATM||$1.25|
|ATM Transaction Decline||$1.25|
|Maintenance Fee -Secondary Card||No Charge|
|Card Replacement||No Charge - Delivered regular mail|
|Card Replacement - expedited delivery||$20.00|
|Overdraft Fee||If you DO NOT enroll in overdraft protection, your transactions will be declined if there is not enough money in your account.
If you DO enroll in overdraft protection, you will be charged:
$25.00 - for any overdraft transaction Brinks chooses to pay; fee is per transaction, up to five (5) fees per month.
|ACH Return Fee||No Charge|
|Stop Payment Fee||No Charge|
|Monthly Electronic Statements||No Charge|
|Monthly Paper Statement||No Charge - Must opt-in for paper statements|
|Paper Statement Reprints||No Charge|
|Inactivity Fee||$2.50 - Per Month. Assessed after 90 days of continuous inactivity. For former employees/ported cards only.|
|Live Customer Support||No Charge - Other than balance inquiries|
Paycard forms and fliers
Direct deposit authorization
Paycard flier (Spanish)