Wednesday, April 29, 2009

Paycards rules changed in Virginia

Virginia has cleared the way for mandating direct deposit, allowing employers to pay their workers with a paycard if the employee has not supplied bank account information for direct deposit of payroll. The paycard must allow for a free withdrawal or transfer per pay period.

According to the Richmond Sunlight,
"Currently, payment via prepaid debit card or card account requires the affirmative consent of the employee, though such consent is not required if the employee has not designated a financial institution to which payment by electronic automated fund transfer could be made and the employee is employed at an amusement park."
Directo paycards are the ideal solution for Virginia's employers, fulfilling all of the legal requirements in addition to providing outstanding service. Now all employers can take advantage of the payroll savings that direct deposit, maximized by Directo's robust paycard program, can bring!





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