Payroll Card

Filed Under »
Dictionary Says

Definition of 'Payroll Card'

A type of bank debit card. Payroll cards draw on the user's wages or salary instead of a deposit account. Users access their money from an ATM or cash-back purchase in the same manner as with a traditional debit card.

Investopedia Says

Investopedia explains 'Payroll Card'

Payroll cards are offered by banks and employers as a service for low-income employees who do not have bank accounts. They also provide a way to escape bank service charges. The amount that can be spent is limited to the employee's income.

Related Definitions

Search results for

'Payroll Card'

  • What impact does a higher non-farm payroll have on the forex ...

    http://www.investopedia.com/ask/answers/06/nonfarmpayrollandforex.asp
    ... In forex, the level of actual non-farm payroll compared to payroll estimates is
    taken ... Should I pay my mortgage with my credit card to earn credit card rewards? ...

  • 401(k) Debit Cards: Taking A Swipe At Your Retirement Savings

    http://www.investopedia.com/articles/retirement/08/401k-debit-card-loan.asp
    ... No payroll deductions. ... allow workers to have their loan repayment amount automatically
    deducted from their paychecks - not so with 401(k) debit card loans. ...

  • Bag The Best Bank Account

    http://www.investopedia.com/articles/pf/09/choosing-bank-account.asp
    ... $40 payroll processing fee charged by other vendors. Many banks offer free admission
    to museums or discount tickets to theme parks if you use your debit card ( ...

  • What New Tax And Regulatory Changes May Mean For You ...

    http://financialedge.investopedia.com/financial-edge/1211/What-New-Tax-And-Regulatory-Changes-May-Mean-For-You.aspx
    ... TUTORIAL: Personal Income Tax Guide Taxes Payroll Tax Cut Congress is currently
    going back and ... tried to levy a $5 month charge for its ATM-debt card users this ...

  • Starting A Small Business: Financing Your Business | Investopedia

    http://www.investopedia.com/university/small-business/financing-your-business.asp
    ... It can be used to refinance debt as well as to finance working capital, payroll
    and all the same types of expenses as a credit card financing. ...

  • I have a small business, and I'm considering setting up an SEP IRA ...

    http://www.investopedia.com/ask/answers/05/smbizsep.asp
    ... the leasing organization) leases the services of its employee, the payroll clerk,
    to ... Should I pay my mortgage with my credit card to earn credit card rewards? ...

  • Retirement Savings Tips For 25- To 34-Year-Olds

    http://www.investopedia.com/articles/younginvestors/06/tips25to34.asp
    ... the optimal means of splitting available amounts between credit card payments and ...
    offers contributions via tax-deferral or after-tax payroll deductions, you ...

  • Top 3 Challenges Facing Social Security - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0111/Top-3-Challenges-Facing-Social-Security.aspx
    ... In 1936, the first official card was given to John D. Sweeney Jr., and from ... It is
    also estimated that by around 2041, payroll taxes will have to be raised by 28 ...

  • What is the difference between asset-based lending and asset ...

    http://www.investopedia.com/ask/answers/08/asset-based-lending-vs-asset-financing.asp
    ... against collateral often is used to fund short-term needs like employee payroll
    and raw ... Should I pay my mortgage with my credit card to earn credit card rewards ...

  • Debunking 10 Budget Myths

    http://www.investopedia.com/articles/pf/08/debunking-budget-myths.asp
    ... Paying down credit card debt and auto loans can also serve as a form of ... as well as
    how to adjust this figure through changes in payroll withholding throughout ...

Related Articles

Bank Rates
Product Today Last Wk
$10K MMA 0.50% 0.51%
MMA 0.45% 0.46%
6 Month CD 0.46% 0.47%
1 Year CD 0.70% 0.75%
5 Year CD 1.46% 1.46%
1 Year Jumbo CD 0.66% 0.67%
Rate data provided by Bankrate
Product Today Last Wk
$30K HELOC 4.59% 4.60%
$30K Home Equity Loan 5.74% 5.77%
$50K Home Equity Loan 5.45% 5.50%
$50K HELOC 4.24% 4.24%
$100K Home Equity Loan 5.41% 5.46%
$100K HELOC 4.13% 4.13%
Rate data provided by Bankrate
Product Today Last Wk
30 Year Fixed 3.80% 3.80%
15 Year Fixed 3.09% 3.11%
1 Year ARM 3.54% 3.53%
30 Year Fixed Jumbo 4.38% 4.38%
5/1 ARM 2.65% 2.69%
3/1 ARM 2.69% 2.69%
Rate data provided by Bankrate
Product Today Last Wk
60 Month Used Car Loan 4.51% 4.51%
48 Month Used Car Loan 4.35% 4.35%
48 Month New Car Loan 3.24% 3.24%
36 Month Used Car Loan 4.34% 4.36%
36 Month New Car Loan 3.11% 3.13%
60 Month New Car Loan 3.35% 3.34%
Rate data provided by Bankrate
Partner Links