All Items: Direct Deposit

  • New York Paycard and Direct Deposit Final Regulations Impose Many New Employer Requirements, Restrictions

    September 29, 2016

    The New York State Department of Labor has issued final regulations governing the use of paycards and direct deposit to pay employees' wages. Although the law in New York already permits employers to pay employees via these two popular wage payment methods, the final regulations provide many new detailed requirements and restrictions. Employers should act now to be sure their procedures, policies and required forms will be in compliance by the March 7, 2017, effective date.

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News: Federal and state laws affecting payment of employee wages by direct deposit.