Everything You Need To Know About Skylight Pay Card Overdraft

Having access to your paycheck a few days early can be a lifesaver when you need cash in a pinch. Skylight Pay Card offers this perk, allowing cardholders to get paid up to two days faster with direct deposit.

But what happens if you overspend your available balance while waiting for that deposit to hit? Can you overdraft a Skylight Pay Card?

If you’re short on time, here’s a quick answer to your question: Yes, it is possible to overdraft a Skylight Pay card and incur fees. The card offers overdraft coverage up to $100 as a courtesy. This article will go over all the details you need to know about overdrafts with Skylight Pay Card.

What is Skylight Pay Card?

Skylight Pay Card is a payroll card offered by Skylight Financial. It is a convenient and secure way for employees to receive their wages. Instead of getting paid with a traditional paper check or direct deposit into a bank account, employees can choose to receive their pay on a Skylight Pay Card.

A payroll card offered by Skylight Financial

Skylight Financial is a trusted financial institution that provides payroll solutions to businesses. The Skylight Pay Card is one of their offerings, designed to simplify the payment process for employers and employees alike.

By partnering with Skylight Financial, businesses can streamline their payroll operations and provide their employees with an efficient and flexible payment option.

Lets users get paid up to 2 days early with direct deposit

One of the key benefits of the Skylight Pay Card is that it allows users to receive their pay up to 2 days early through direct deposit. This means that employees can access their funds sooner, giving them more time to manage their finances and take care of their financial obligations.

It’s a great feature that can provide peace of mind and help employees stay on top of their expenses.

Acts like a prepaid debit card

The Skylight Pay Card functions like a prepaid debit card. Employees can use it to make purchases online or in-store, pay bills, withdraw cash from ATMs, and transfer funds to other accounts. It offers the convenience and flexibility of a traditional debit card, but with the added benefits of direct deposit and early access to funds.

With the Skylight Pay Card, employees can easily manage their finances and avoid the hassle of dealing with paper checks or traditional bank accounts. It’s a modern and efficient solution that is gaining popularity in the workforce.

Does Skylight Pay Card Allow Overdrafts?

Yes, Skylight Pay Card does offer overdraft coverage for its customers. This feature allows cardholders to make transactions even when they have insufficient funds in their account, up to a limit of $100.

Overdraft fees are $15 per transaction

When a Skylight Pay Card user overdrafts their account, they are charged a fee of $15 per transaction. This fee is deducted from the account balance, and it is important to note that multiple transactions can incur multiple fees.

Therefore, it is recommended to manage your account balance carefully to avoid unnecessary fees.

Opt-in required to overdraft, not enabled by default

To take advantage of the overdraft feature offered by Skylight Pay Card, users must opt-in to the service. It is not enabled by default, so it is important to contact Skylight Pay Card customer service or visit their website to enable this feature if it is something you would like to have access to.

By opting in, you can have peace of mind knowing that you have some flexibility in managing your finances.

Overdraft Coverage Details

Courtesy pay allows overdrafts up to $100

Skylight Pay Card offers a convenient overdraft coverage option called “Courtesy Pay”. With Courtesy Pay, cardholders have the flexibility to overdraft up to $100 on their account. This can be a helpful feature for those unexpected expenses that may arise, providing a temporary buffer until funds are available.

Fee is $15 per overdraft transaction

While Courtesy Pay can be a useful tool, it’s important to note that there is a fee associated with each overdraft transaction. For each overdraft, a fee of $15 will be charged to your Skylight Pay Card account.

It’s essential to consider this fee when deciding whether to utilize the overdraft coverage.

Must opt-in to overdraft coverage

In order to access the Courtesy Pay overdraft coverage, cardholders must opt-in to the program. This means actively choosing to enable the overdraft feature on your Skylight Pay Card account. It’s important to understand the terms and conditions of the program and decide if it is the right fit for your financial needs.

Opting in to the overdraft coverage can provide a safety net for unexpected expenses, offering peace of mind and ensuring that important transactions can be completed even when funds are temporarily unavailable.

However, it’s important to carefully consider the fees associated with overdrafts and weigh them against the potential benefits.

Other Skylight Pay Card Fees

In addition to the overdraft fee, there are several other fees associated with using the Skylight Pay Card. It’s important to be aware of these fees so that you can make informed decisions about your finances. Here are some of the most common fees:

Monthly fee: $3

Every month, a $3 fee is deducted from your Skylight Pay Card. This fee helps cover the cost of maintaining your account and providing you with access to the card’s features and benefits.

ATM withdrawal fee: $2.50

If you need to withdraw cash from an ATM using your Skylight Pay Card, you will be charged a fee of $2.50 per transaction. This fee may vary depending on the ATM provider, so it’s important to check the fee schedule before making a withdrawal.

Reload fee: $3

When you need to add funds to your Skylight Pay Card, you will be charged a reload fee of $3. This fee applies each time you add money to your card, whether it’s through a direct deposit or cash load.

Inactivity fee: $5/month after 90 days inactive

If your Skylight Pay Card remains inactive for 90 days, you will be charged an inactivity fee of $5 per month. This fee is applied to accounts that have not had any transactions or balance updates for an extended period of time.

To avoid this fee, it’s important to use your card regularly or consider closing your account if you no longer need it.

It’s worth noting that fees and terms may vary depending on the specific Skylight Pay Card program you are enrolled in. Be sure to review the terms and conditions provided by Skylight Pay Card for the most accurate and up-to-date information on fees.

Alternatives to Overdrafting

Overdrafting can be a frustrating experience, but fortunately, there are alternatives that can help you avoid those pesky overdraft fees. Here are some options to consider:

Link to savings account for overdraft protection

One effective way to avoid overdraft fees is to link your checking account to a savings account. By doing so, you can use the funds from your savings account to cover any potential overdrafts. This way, if you accidentally spend more than what you have in your checking account, the transaction will be automatically covered by the funds in your linked savings account.

It’s a great way to have peace of mind and avoid those costly fees.

According to a study conducted by Bankrate, 65% of Americans have less than $1,000 in savings. Linking your savings account to your checking account can help you avoid overdraft fees even if you don’t have a large emergency fund.

Set up text/email alerts for low balance

Another helpful alternative to overdrafting is setting up text or email alerts for low balance. Many banks offer this service, allowing you to receive notifications when your account balance falls below a certain threshold.

This way, you can stay on top of your finances and take immediate action to avoid overdrafting. It’s a simple yet effective way to stay in control of your spending.

According to a survey conducted by GOBankingRates, 35% of Americans don’t regularly check their bank balances. Setting up alerts can help you stay aware of your account balance and prevent overdrafting.

Make timely payments to avoid late fees

One of the main reasons people overdraft their accounts is because they forget to make timely payments. Whether it’s a credit card bill, a loan payment, or a utility bill, missing the due date can lead to costly late fees and potential overdrafts.

By making a habit of paying your bills on time, you can avoid these fees altogether.

According to a report by CNBC Select, the average late fee for credit cards is $35. Avoiding late fees not only helps you save money but also reduces the risk of overdrafting your account.

Pros and Cons of Skylight Pay Card

Pros: Early direct deposit, overdraft option, mobile app

The Skylight Pay Card offers several advantages for its users. One of the key benefits is the option for early direct deposit. With this feature, users can receive their paychecks up to two days earlier than traditional check deposits.

This can be especially helpful for individuals who rely on their paycheck to cover expenses and bills.

Another advantage of the Skylight Pay Card is the availability of an overdraft option. This feature allows users to make purchases even if they have insufficient funds in their account. While this can be convenient in certain situations, it’s important to use this feature responsibly and be aware of the associated fees and limits.

The Skylight Pay Card also offers a mobile app, which provides users with convenient access to their account information and transactions. Through the app, users can easily check their balance, view transaction history, and even transfer funds.

This mobile functionality adds an extra level of convenience for users on the go.

Cons: Monthly and transaction fees, low overdraft limit

One of the drawbacks of the Skylight Pay Card is the presence of monthly and transaction fees. While the exact fees may vary depending on the specific card and account type, it’s important for users to be aware of these potential costs.

It’s recommended to carefully review the fee schedule before choosing the Skylight Pay Card as your payment solution.

Additionally, the Skylight Pay Card has a relatively low overdraft limit. This means that users who opt for the overdraft option may only have a limited amount of funds available beyond their account balance.

It’s crucial for users to keep track of their spending and understand the implications of using the overdraft feature to avoid incurring excessive fees or potential financial difficulties.


While Skylight Pay Card gives cardholders the ability to overdraft up to $100, this feature should be used cautiously and as a last resort. The $15 overdraft fee per transaction adds up quickly. Setting text alerts, linking a savings account, and tracking your balance closely can help avoid overdrafts.

Overall, Skylight Pay Card offers convenience with early direct deposit but has fees to consider.

Understanding the overdraft policy is key to avoiding surprises. Evaluate your options like overdraft protection or looking for cards with higher limits. With planning and responsible spending, you can take advantage of early payday without overextending your budget.

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