The Fund is introducing a new alternative for receiving your FMSMF funds. Instead of by Check or Direct Deposit you can now apply for a "Paycard." This may not be for everyone, but it is an ideal method of payment for those who travel, tour, and/or do not have a regular bank or bank account. This method allows you to have your regular and/or omission distribution funds placed directly onto your own MasterCard debit card. You will avoid lost, stolen or misplaced checks. It is flexible, convenient, secure and enables you to have instant access to your money from anywhere in the world.
The "Paycard" is a great direct deposit alternative for our participants who bank with foreign financial institutions or do not have an established bank account.