States mandating direct deposit telecaster dating
Many employers offer direct deposit as an alternative method of wage payment because it is generally a more secure, efficient and inexpensive method than paying employees in cash or with paper paychecks.Federal Regulation E sets the overall rules for electronic payments, including direct deposit.That way, employees can view their gross wages, deductions, and net wages.Because pay cards involve a payroll card program vendor, verify that the vendor complies with the following rules: Follow pay card regulations when deciding to offer pay cards to employees. Over half of the states have laws regarding whether employers can use pay cards.Pay card fees can lower an employee’s wages below the minimum wage.Let employees know about withdrawal and replacement fees. The Electronic Fund Transfer Act and Regulation E prohibit employers from forcing employees to receive wages via pay card.Many states have laws in place that prohibit, limit, or allow employers to use pay cards.
Author: Alice Gilman This chart summarizes the requirements under state law with which an employer must comply to pay wages to employees by direct deposit into their checking or savings accounts.
For example, there are state laws on mandatory direct deposit that you need to follow.