Payroll card account definition

Payroll card account means an account that is directly or
Payroll card account means an agreement providing that an employer pays each participating employee's wages by making an electronic fund transfer to an account, and participating employees receive a payroll card to access their funds.
Payroll card account means an account that holds funds drawn upon by a payroll card.

More Definitions of Payroll card account

Payroll card account means an account that is directly
Payroll card account means an account that holds funds
Payroll card account means an account in a federally insured depository institution that is directly or indirectly established through an employer and to which electronic fund transfers of the employee’s wages, salary, commissions, or other compensation are made on a recurring basis, whether the account is operated or managed by the employer, a third person payroll processor, a depository institution, or another person.
Payroll card account means an account that is directly or indirectly established through an employer and to which deposits of a participating employee's wages are made.
Payroll card account means an account in a federally insured depository institution
Payroll card account means a payroll-card account as defined in Regulation E, 12 C.F.R. Part 1005, as amended.
Payroll card account means an account in any bank, Connecticut credit union or federal credit union that is directly or indirectly established through an employer to which transfers of the employee's wages, salary or other compensation are made and accessed through the use of a payroll card and that is subject to the requirements of Regulation E, 12 CFR Part 1005, as from time to time amended.