32:
92:
295:. Instead they are drawn against "available funds" that are not in a bank account so the issuer can delay redemption. In the U.S., warrants are issued by government entities such as the military and state and county governments for payroll to individuals and for accounts payable to vendors. Deposited warrants are routed to a collecting bank which processes them as
174:, is a document received by an employee that either includes a notice that the direct deposit transaction has gone through or that is attached to the paycheck. Each country has laws as to what must be included on a payslip, but this typically includes details of the gross wages for the pay period and the
211:"pay cheque" persists in some languages, but this commonly refers to a payslip or stub rather than an actual cheque. Some company payrolls have eliminated both the paper cheque and stub, in which case an electronic image of the stub is available on a website. Most of the provinces and territories in
239:
to withdraw cash (which usually requires the employee to pay a hefty fee to access their own money and always have daily limits for how much of their own money an employee can access daily) or in stores to make purchases. Most payroll cards will charge a fee if used at an ATM more than once per pay
243:
The payroll card account may be held as a single bank account in the employer's name. In that case, the bank account holds the payroll funds for all employees of that company using the payroll card system, and an intermediary limits each employee's draw to an amount specified by the company for a
206:
system, payment of wages and salaries is increasingly being effected by electronic means, rather than by the use of a physical cheque. This saves the company money on printing and processing cheques and reduce the problem of fraud. However, vocabulary referring to the
235:. A payroll card functions like a debit card and allows an employee to access their pay. A payroll card is typically less convenient than cashing a paper paycheck, because the card can be used at participating
291:
and clear through the banking system like checks and are therefore often called paychecks by their recipients. But they are not checks because they are not drawn against a
251:
Before a company can give a payroll card to a worker, the business must first contract with a payroll card program manager. The payroll card company performs required "
194:, or charitable contributions taken out of the gross amount to arrive at the final net amount of the pay, also including the year to date totals in some circumstances.
143:
to the employee's designated bank account or loaded onto a payroll card. Employees may still receive a pay slip to detail the calculations of the final payment amount.
244:
specified pay period. Some payroll card programs establish a separate account for each employee. Most payroll card accounts in the United States are insured by the
42:
422:
245:
331:
299:
like maturing treasury bills and presents the warrants to the government entity's treasury department for payment each business day.
263:
76:
307:
384:
258:
In the United States, payroll cards are regulated by state wage-and-hour-laws and by a variety of federal laws including the
259:
392:
354:
215:
allow employers to issue electronic payslips if the employees have confidential access to it and are able to print it.
459:
464:
20:
236:
58:
273:, it costs an employer about 35 cents to issue pay electronically but two dollars to write a paper paycheck.
139:
for services rendered. In recent times, the physical paycheck has been increasingly replaced by electronic
224:
96:
182:
the employer is required to make by law as well as other personal deductions such as retirement plan or
269:
Businesses may elect to use a payroll card program in order to reduce payroll expense. According to
208:
426:
282:
252:
179:
100:
454:
296:
292:
175:
338:
227:
can arrange for the net pay of an employee to be loaded onto a payroll card, which is a
303:
140:
448:
366:
203:
54:
397:
311:
228:
91:
191:
232:
136:
128:
223:
For employees that do not have access to a personal bank account, most major
270:
187:
183:
385:"Pinched by Plastic: The Impact of Payroll Cards on Low-Wage Workers"
288:
212:
132:
124:
90:
367:"Dodd-Frank: Title X - Bureau of Consumer Financial Protection"
25:
255:" due diligence as a condition of accepting the application.
50:
103:
paid and yearly bonus entitlement, among other things
39:The examples and perspective in this article
8:
77:Learn how and when to remove this message
323:
123:, is traditionally a paper document (a
246:Federal Deposit Insurance Corporation
7:
306:, warrants are issued as payment by
332:"Understanding Payroll Debit Cards"
202:In most countries with a developed
16:Payment document for employee wages
14:
371:LII / Legal Information Institute
264:Consumer Financial Protection Act
95:An example of a payslip from the
308:National Savings and Investments
99:, showing gross salary, tax and
30:
396:. June 12, 2014. Archived from
423:"Glossary of Accounting Terms"
1:
260:Electronic Funds Transfer Act
393:Attorney General of New York
355:Electronic Fund Transfer Act
287:Payroll warrants look like
53:, discuss the issue on the
481:
280:
18:
237:automatic teller machines
225:payroll service providers
21:Paycheck (disambiguation)
104:
97:John Lewis Partnership
150:, commonly called a
94:
344:on January 24, 2009.
198:Electronic paychecks
59:create a new article
51:improve this article
41:may not represent a
19:For other uses, see
460:Wages and salaries
283:Warrant of payment
253:know-your-customer
105:
101:National Insurance
403:on August 1, 2016
87:
86:
79:
61:, as appropriate.
472:
465:Household income
439:
438:
436:
434:
429:on March 7, 2009
425:. Archived from
419:
413:
412:
410:
408:
402:
389:
381:
375:
374:
363:
357:
352:
346:
345:
343:
337:. Archived from
336:
328:
297:collection items
293:checking account
277:Payroll warrants
148:salary statement
82:
75:
71:
68:
62:
34:
33:
26:
480:
479:
475:
474:
473:
471:
470:
469:
445:
444:
443:
442:
432:
430:
421:
420:
416:
406:
404:
400:
387:
383:
382:
378:
365:
364:
360:
353:
349:
341:
334:
330:
329:
325:
320:
285:
279:
221:
200:
186:contributions,
166:, or sometimes
141:direct deposits
127:) issued by an
111:, also spelled
83:
72:
66:
63:
48:
35:
31:
24:
17:
12:
11:
5:
478:
476:
468:
467:
462:
457:
447:
446:
441:
440:
414:
376:
358:
347:
322:
321:
319:
316:
281:Main article:
278:
275:
220:
217:
199:
196:
178:and any other
85:
84:
45:of the subject
43:worldwide view
38:
36:
29:
15:
13:
10:
9:
6:
4:
3:
2:
477:
466:
463:
461:
458:
456:
453:
452:
450:
428:
424:
418:
415:
399:
395:
394:
386:
380:
377:
372:
368:
362:
359:
356:
351:
348:
340:
333:
327:
324:
317:
315:
313:
309:
305:
300:
298:
294:
290:
284:
276:
274:
272:
267:
265:
261:
256:
254:
249:
247:
241:
238:
234:
231:similar to a
230:
226:
218:
216:
214:
210:
205:
204:wire transfer
197:
195:
193:
189:
185:
181:
177:
173:
169:
168:paycheck stub
165:
161:
157:
153:
149:
144:
142:
138:
134:
130:
126:
122:
118:
114:
110:
102:
98:
93:
89:
81:
78:
70:
60:
56:
52:
46:
44:
37:
28:
27:
22:
431:. Retrieved
427:the original
417:
405:. Retrieved
398:the original
391:
379:
370:
361:
350:
339:the original
326:
312:premium bond
301:
286:
268:
257:
250:
242:
229:plastic card
222:
219:Payroll card
201:
192:garnishments
171:
167:
163:
159:
155:
151:
147:
145:
120:
116:
112:
108:
106:
88:
73:
64:
40:
407:February 1,
314:is chosen.
67:August 2012
449:Categories
318:References
233:debit card
209:figurative
188:insurances
180:deductions
164:pay advice
121:pay cheque
433:March 19,
172:wage slip
117:pay check
113:paycheque
55:talk page
455:Payments
262:and the
240:period.
156:pay stub
137:employee
129:employer
109:paycheck
49:You may
310:when a
302:In the
289:cheques
184:pension
160:paystub
152:payslip
213:Canada
125:cheque
401:(PDF)
388:(PDF)
342:(PDF)
335:(PDF)
176:taxes
57:, or
435:2011
409:2024
271:Visa
170:or
135:an
133:pay
131:to
119:or
451::
390:.
369:.
304:UK
266:.
248:.
190:,
162:,
158:,
154:,
146:A
115:,
107:A
437:.
411:.
373:.
80:)
74:(
69:)
65:(
47:.
23:.
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
