Can an employer pay an employee's final wages on a paycard?

Author: Alice Gilman

An employer can load final wages onto a paycard, but it is risky to do so. The payment of final wages on a paycard is not currently covered under Regulation E. In addition, many states require that an employee who is fired be paid immediately or within a very short period of time after the termination. In those cases, it might not be possible to load pay onto a paycard in time to meet the payment deadline.