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Why Key3benefits Had Been So Popular Till Now?

The Key2benefits card is an electronic prepaid debit card specifically designed to provide low-cost, secured and convenient means of issuing electronic direct payments including social security, unemployment insurance, retirement/fees, child support and other general government programs. It works just like a credit card, but instead of purchasing something on credit, the cardholder makes payments directly to the issuer on a monthly basis. He can therefore avoid the application and processing fees usually associated with credit cards. He can also avoid being charged a late payment or interest charges.

As you may have guessed, Key2benefits also provides its users with direct deposit of their monthly insurance premiums. Unlike traditional direct deposit, which requires the employer to make the deposits, the key2benefits prepaid debit card allows its users to make the deposits themselves through the internet. They simply go to the site and create an account. Once a dollar deposit has been made, it is automatically deducted from the cardholder's bank account every month, until the balance is depleted.

When the balance is less than the required monthly withdrawal amount, there are a number of options available. One of those options is the option to make a “debit” payment. This is where the user enters in a specific amount that needs to be deducted from his bank account each month. There are four different key features that help the user to pick out the right debit payment option:

The main menu of the key2benefits site contains a section that offers users six different menu selections. The first option, which is the “weekly budget”, allows the user to select from three different menus. These include: monthly budget, the surplus fund, unemployment insurance premium and unemployment insurance deductible. Each menu has its own set of options that relate to how much money is currently in the user's account.

The user can also select a surplus fund menu, which will offer him three different options. The first option allows him to load up a surplus deposit to his key2benefits debit card. The second option allows the user to load up a withdrawal amount from any of the six designated bank accounts. The third and forth menu selections let the user choose from three different withdrawal amounts. Lastly, the last menu option lets the user decide if he wants to transfer money loaded on the debit card to any of the bank accounts.

The “acas” key on the user's key2benefits site can also be used to load money loaded on a keycard to a debit card. This service is usually available only to people living in the U.S., but it does exist in some other countries. A “capitals” key must be entered on both the “acas” and “debit card” tab to unlock the third party services. Once both have been unlocked, the key must be typed in (usually by the customer support service) and then sent as an SMS to the company.

To make a deposit, a customer should go to the “withdrawing” tab of his key2benefits prepaid card and then type in a bank or Credit Union account number, which is usually displayed on the top of the account number on the left hand side. Once the amount has been inputed, the website will check to see if that deposit matches up with an existing deposit on the website. If the new deposit is smaller than the old deposit, then the old deposit will be credited and a new card will be issued. If the new deposit is larger than the old deposit, then the old deposit will be automatically debited from the new card. If this happens, a new credit will be added to the user's key2benefits account.

One of the nice features of this particular key2benefits prepaid card is the online monitoring of activity. The website will email any changes or withdrawals that happen to your account. There is even a detailed withdrawal report that shows the withdrawal date, amount, charge amount, and ATM location. There are even options that allow you to view your statements for the past year and/or quarter. This is definitely a great feature. There is no more need to contact your bank regarding these things as you can now have everything at your fingertips.


What is Key3Benefits? KeyBank – key2benefits


Key3Benefits – New York State Department of Labor KeyBank – key2benefits


What is Key3Benefits? KeyBank – key2benefits

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