Paying Employee Wages with Payroll Cards | Practical Law

Paying Employee Wages with Payroll Cards | Practical Law

A Practice Note discussing payroll cards (or paycards or payroll debit cards) as a method of wage payment. This Note outlines the costs and benefits for employers and employees, Fair Labor Standards Act (FLSA) and Electronic Fund Transfer Act (EFTA) restrictions, and common requirements under state wage and hour laws. This Note also suggests best practices for employers implementing a payroll card program.

Paying Employee Wages with Payroll Cards

Practical Law Practice Note 6-587-7365 (Approx. 17 pages)

Paying Employee Wages with Payroll Cards

by Practical Law Labor & Employment
MaintainedUSA (National/Federal)
A Practice Note discussing payroll cards (or paycards or payroll debit cards) as a method of wage payment. This Note outlines the costs and benefits for employers and employees, Fair Labor Standards Act (FLSA) and Electronic Fund Transfer Act (EFTA) restrictions, and common requirements under state wage and hour laws. This Note also suggests best practices for employers implementing a payroll card program.