Skip to main content

About us

We're the Consumer Financial Protection Bureau (CFPB), a U.S. government agency that makes sure banks, lenders, and other financial companies treat you fairly.

Learn how the CFPB can help you

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

Answer:
No. 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.

Your employer or the card issuer must provide you with the card’s terms and conditions. Before you agree to receive your wages on a payroll card, make sure you understand those terms and fees. For example, some cards charge fees for out-of-network ATM withdrawals, receiving paper statements, or checking your account balance at an ATM. Some cards charge fees every time you make a purchase.

The CFPB’s prepaid rule, which came into effect April 1, 2019, requires providers to give you certain disclosures before you choose to be paid through a payroll card. However, due to phase-in rules, it may take some time before you start seeing the required disclosures. The disclosures include a “short form” that includes key fees and other important information and a “long form” that includes all fees and other information about the card.


Was this answer helpful to you?

Please do not share any personally identifiable information (PII), including, but not limited to: your name, address, phone number, email address, Social Security number, account information, or any other information of a sensitive nature.

The content on this page provides general consumer information. It is not legal advice or regulatory guidance. The CFPB updates this information periodically. This information may include links or references to third-party resources or content. We do not endorse the third-party or guarantee the accuracy of this third-party information. There may be other resources that also serve your needs.