You will receive a direct deposit form with your card in the mail or you can download it by logging into www.alternacard.com/myAccount or find the form in your AlternaCard App. The routing number and the instructions to obtain your account number are printed on the form. Once you filled out the form, give the form to your employer and begin receiving direct deposit into your Alterna Card account after 1-2 pay periods.
The daily load limit for Direct Deposit is $10,000. The total monthly load limit onto your Alterna Prepaid Mastercard (which includes all types of loads: cash, checks and transfers ) is $15,000, as long as the balance is not higher than $10,000. Therefore, you should always keep track of your balance to avoid having deposit delays.
Alterna gives you access to your money as soon as the funds are electronically deposited into your card account. Your employer will make those funds available on the day you would have received your paycheck, and it may arrive up to two days earlier.6
You will have all of the benefits of the Alterna Card with the added convenience of recurring automatic electronic deposit every pay period. For non-banked employees, this means not only the convenience of access to funds through the ATM network, but you will also not pay a fee when loading via direct deposit,5 unlike many check cashing stores.
Alterna cardholders who receive electronic direct deposit into their Alterna Card account will receive two WAIVED FEE cash withdrawals per month (at least one electronic direct deposit in the previous calendar month is required to receive the two WAIVED FEE ATM withdrawals).
In order to receive direct deposit to your card account, your card account must be active and in good standing. Also the name associated with the direct deposit must be the same as the name associated with the card account