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Commuter Accounts
If a percentage of your workforce regularly uses mass transit to commute for work, commuter accounts can be a great option to add to your benefit account offerings.
• Employees can use the account to set aside pre-tax dollars to help pay for commuting costs and reduce taxable income
• Employees can receive cash reimbursement for parking plans, vanpool, and transit passes
• Ridesharing charges through eligible service providers —with at least six passenger spots—can be reimbursed
Other UMB Bank Products
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