what is a payroll card?

Answer 1

A payroll card is a card that allows you to access the money from your paycheck using a card that looks like a bank debit card. The money is held in an account, and you withdraw it or spend it by using the card. A payroll card can be more convenient than using a check casher, because you can make ATM withdrawals and use the card to buy things. Some payroll cards also are cheaper than a check casher, but others are not. You will usually have to pay a fee if you use the card at an ATM more than once per pay period. You may have to pay other fees.

A payroll card is not the same as having your own bank account. The payroll card account usually is held as a single account in the name of your employer. That account holds the payroll funds for you and all of the other employees using the payroll card. Some payroll card programs establish a separate account for each employee, but others do not.

Source: http://www.consumersunion.org/pub/core_financial_services/000920.html

Answer 2

A Payroll Card is a stored-value card offered by some companies to their employees as an alternative to payroll checks or direct deposit. Payroll cards are similar to debit cards and can be used to make purchases or withdraw cash at ATMs.

Answer 3

Its a debit card. Every Friday when we pay you, the money goes into your account. Then you can spend it.