Does Skylight Bank Offer Online Savings Accounts?


Quick Answer

As of August 2015, Skylight does not offer savings accounts. It is a payroll system used for employers to deposit paychecks directly into an employee's account. The employee then receives a Visa debit card that can be used anywhere that accepts Visa cards.

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Full Answer

The Skylight card can be used to make both PIN number and signature transactions. The benefit to the employee is that he receives his paycheck instantly without having to wait for a check to clear. Employees can also view their pay stubs online. Skylight benefits employers because it saves them money on check processing and printing, as well as printing pay stubs.

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