What are payroll cards?

Question

Zippia Team · Accepted Answer

Payroll cards are a form of debit cards that are provided to employees by their employers. Payroll cards are used by employers to deposit an employee's wages or salary they have earned directly onto a debit card (payroll card).

An employee can use a payroll card just like a regular debit card. They can use it to make purchases and also use it to make cash withdrawals from ATMs. Here are some other ways employees can use a payroll card:

To make purchases via online shopping
Set up automatic bill payments linked to their payroll card
Pay bills online using their payroll card

Companies use payroll cards to save on costs accrued from issuing printed checks. Payroll cards also have the added benefit of being able to be offered to employees that do not have a bank account.

Here are some of the negative aspects of payroll cards:

Some payroll cards require monthly maintenance fees
Fees associated with out-of-network ATMs for cash withdrawals
Some payroll cards have balance inquiry fees

What are payroll cards?

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