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Apr 02, 2019

QoD: If my employer offers to pay me using a payroll card, do I have to accept it?

Hat tip to Leigh Weldin of Conrad Schools of Science (DE) for this Question of the Day idea. She mentioned how many of her students were asking her about these payroll cards. 

Answer: No

Questions:

  • Would you tell your employer you don't want to get paid using a payroll card? Why or why not?
  • What do you think are alternative ways for you to get paid?
  • Why do you think that companies like using payroll cards? 

Here's the ready-to-go slides for this Question of the Day that you can use in your classroom.

Behind the numbers (consumerfinance.org):

Your employer can’t require you to receive your wages on a payroll card. Your employer has to offer you at least one alternative.
 
Some employers will give you a choice between direct deposit to a payroll card, direct deposit into your bank account, or a paper check. Others may only give you a choice between a direct deposit to your own bank account or a prepaid card you choose, or a payroll card. State law determines what choices your employer has to offer to you, or if your employer must obtain your written consent before paying you with a payroll card.
 
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For more QoDs, be sure to check out our Question of the Day Library! 
 
 
 
 
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About the Author

Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.

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