July "Points from the Pros"
Q. Some banks do not grant customers an account if their credit is bad or if they owe money to a bank. Do payroll cards work like this? E.V.
"Points from the Pros":
Anyone can get a payroll card. No personal bank account or credit check is required.
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Q. Are there monthly account fees charged by Visa for the paycard to the employer or employee? K.F.
"Points from the Pros":
No. Employees must be able to use their paycards without ever incurring a fee.
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June "Points from the Pros"
Q. Are any fees charged to employees who receive their wages on a payroll card? D.M.
"Points from the Pros":
To comply with state wage and hour laws, employees must be able to use their payroll cards without ever incurring fees. Employees may decide to use their cards in ways that result in fees, however.
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Q. Can an employee get cash without having to pay a fee if he or she does not have a bank account? N.C.
"Points from the Pros":
Yes. The wage and hour laws require that employees be able to access their full wages, in cash, each pay period without cost.
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May "Points from the Pros"
Q. How do you deliver pay stubs (if electronic delivery is not available) when pay is made through a paycard? Won't you still have the expense of printing and mailing pay stub? G.S.
"Points from the Pros":
If electronic delivery is not available, the employer can print the pay stubs and distribute them to employees at the workplace. Mailing is also an option so long as the information is available in a timely manner....
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Q. Are employees able to use both direct deposit and paycards? K.H.
"Points from the Pros":
Yes. Employees may receive a portion of their wages on a payroll card and have the remainder directly deposited into their personal bank accounts.
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April "Points from the Pros"
Q. What happens when an employee loses his or her payroll card? How long does it take to receive a new card? How does the employee access his or her wages in the meantime? Can the original card still be used if it is found by the employee or someone else? A.F.
"Points from the Pros":
When an employee loses his or her payroll card, a new card is issued by the vendor. The procedures will vary depending on the particular payroll card program, however... .
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Q. What states require that the employer offer a paper paycheck as a form of payment in addition to a paycard or direct deposit? C.R.
"Points from the Pros":
As of April 2010, 22 states allow employers to eliminate paper paychecks. The remaining states require that employers provide a paper paycheck as an alternative.
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March "Points from the Pros"
