The card will automatically decline if you purchase something or try to take out more money from an ATM than you have on the card. The DoorDash Daser Direct card solves the problem that millions of Americans have by eliminating ATM and overdraft fees, saving Dashers tons of money.
Can you ever go into the negative?
When you have a pending transaction, if your card does go into the negative, it will show as a negative and will balance out once you get paid without any fees.
For example, if you purchase $20 in gas and the $20 will show as pending for a short period of time, but your card will still show $20 as a balance. You can still spend $20 but will be $-20 when it posts; you,
however, will not be charged any fees for this overdraft. It’s possible, albeit difficult, to go into the negative with this card; however, even if you do go into the negative, you won’t receive any overdraft fees. This is great for the millions of Americans who are unbanked or underbanked to have access to their money without hidden fees. Millions of Americans don’t have access to a savings or checking account and therefore pay massive fees when accessing their money or lose out on cashback savings that debit and credit cards receive.
Why is the DoorDash Direct card doing this?
The Dasher Direct card is a part of DoorDash Main Street Strong Pledge, which is DoorDash’s $200 million pledge over the next 5 years to empower local communities. The pledge has included investments, partnerships, and support to give Dashers greater financial freedom and the flexibility to meet their professional goals, help local merchants gain greater access to their local economies, and strengthen the communities in which they operate. The DasherDirect card accomplishes these goals and keeps its Main Street Strong Pledge by giving drivers greater control and access over their funds and eliminating excessive fees that banks and other financial institutions may charge. DoorDash has found, especially during the coronavirus pandemic, that those who live in minority communities are more likely to work for DoorDash and are more likely to be unbanked or underbanked. The DasherDirect card and the associated app allow drivers to receive their funds quickly, be able to send and receive their money without any fees and allow greater access to financial institutions. The underbanked lose out on a lot of access to our modern financial institutions and must pay tons of fees without receiving the safety benefits that banking provides through the FDIC. The creation of the DasherDirect is an honest effort to tackle inequality and help those who have greater access to financial freedom.
What benefits do I receive from the card?
The DaserDirect card comes with a state-of-the-art app and financial platform. From DoorDash, you will receive fee-free daily deposits into your card. This allows drivers to have easy access to the money they have earned and get paid every day. They can also use the world-class app to send money and pay bills, which helps remove fees associated with paying cash or buying money orders to pay bills. Secondly, you can use 20,000 ATMs without any fees throughout the United States and find these ATMs in the app. Saving your time by finding an ATM associated with your bank and saving money by not paying fees to access your cash. Additionally, the card allows you to avoid overdraft fees and will help millions of drivers by not worrying about going into debt and avoiding the predatory fees that other banks may charge.
Overdraft fees affect the unbanked and underbanked the most, and DoorDash creating this card allows for a reasonable faith effort in tackling inequality associated with the lack of access to our modern banking system. Finally, drivers will be able to receive cashback on the purchases that they make most, especially at gas stations, receiving 2% cash back throughout the United States. This also allows drivers to better keep track of their business expenses by having all their gas purchases recorded on the app, saving tons of time at the end of the year when deducting business expenses on taxes.
The DoorDash DasherDirect card makes it easy for drivers to access their funds daily, avoid fees, and receive cash back at gas stations. This card helps millions of unbanked and underbanked Americans have easy access to their money through the DoorDash app. Drivers now have better access and control of their funds than ever before. One of the best features is the avoidance of overdrafts and overdraft fees. The avoidance of fees will help dashers save money and avoid debt by the card rejecting overdrafts.
Is this the same as the Red Card?
No, the Red Card is the card you may have received when you joined DoorDash, and it is used to pay some DoorDash orders while working for DoorDash. The DoorDash Daser Direct card is your card that you can receive the funds that you have earned onto it.
Which bank does the DasherDirect work with?
DasherDirect is provided by Stride Bank, which is a member of the FDIC, meaning that your funds up to $250,000 are protected against fraud and illegitimate use. Additionally, you can use 20,000 ATMs throughout the United States without any fees.
What banking features do I get with the DasherDirect card?
Through the DoorDash app, you can quickly get access to your funds. For example, you can access fee-free ATMs and find their locations through the DoorDash app, where you can withdraw cash for free. Additionally, you can spend, pay bills, and send funds through the app.
