Payroll debit card definition

Payroll debit card means a stored-value card issued by or on behalf of a federally insured financial institution that provides an employee with immediate access for withdrawal or transfer of his or her wages through a network of automatic teller machines. The term includes a card commonly known as a payroll debit card, payroll card, and paycard.
Sample 1Sample 2Sample 3
Payroll debit card means a card issued by a financial
Sample 1
Payroll debit card means a card issued by a financial institution to provide an employee with the means of obtaining the full amount of all wages earned in a pay period in a form that is equivalent to payment in lawful money of the United States, payment by check or payment by direct deposit.
Sample 1

Examples of Payroll debit card in a sentence

  • Additional Account if applicable Additional Financial Institution NameRouting NumberAccount Numberspecify Dollar Amount or "Remaining"Type of AccountSavings, orChecking PNC Payroll debit card PLEASE SPECIFY DELIVERY ADDRESSThis option is only available for Payroll Earnings.

Related to Payroll debit card

  • Debit Card means a card issued by the Financial Institution that allows the holder of the card to deposit cash and/or Instruments or withdraw cash from the Account through an ATM, authorize Transactions on the Account through an ATM, and that operates like an Instrument to purchase goods and services from merchants.

  • Payroll means the total salary and wages to be paid in a Taxable Year to a New Employee and Retained Employee.

  • Card Account means the account maintained with the Bank in respect of the card;

  • Payment card means a credit card, charge card, debit card, or any other card that is issued to an authorized card user and that allows the user to obtain, purchase, or receive goods, services, money, or anything else of value from a merchant.

  • Client Account means the unique personalised account of the Client consisting of all Completed Transactions, Open Positions and Orders in the Trading Platform, the balance of the Client money and deposit/withdrawal transactions of the Client money.

  • Merchant Account means the merchant account facility agreed between you and the Merchant Acquiring Bank.

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Credit card means any card, plate, coupon book, or other credit device ex- isting for the purpose of obtaining money, property, labor, or services on credit.

  • Payday means the regular and recurring established day for payment of Compensation to an Employee of the Company or any Designated Subsidiary.