What Is a Paycard and How Does It Work? – Whitney Vandiver

A paycard is a prepaid card used to pay employees in place of more traditional forms such as a direct deposit. Because using a paycard eliminates the need for employees to cash checks or deposit funds at a bank, it’s a good way for employers to accommodate those who don’t have bank accounts. Employees can…

Whitney Vandiver writes for NerdWallet. Email: wvandiver@nerdwallet.com.

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