A Newer Product Is the Payroll Debit Card

question 203

True/False

A newer product is the payroll debit card. It is cheaper for employers to load your paycheck on a debit card than to cut a check. This is convenient for customers who do not qualify for a regular debit or credit card, because they can use it to pay bills, do online purchasing and even get cash from an ATM machine.

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Definitions:

Performing Job

The act of carrying out the duties, tasks, and responsibilities associated with a specific role or employment.

COBRA

A federal law (Consolidated Omnibus Budget Reconciliation Act) that allows employees and their families to retain health insurance coverage after losing their job or experiencing a reduction in work hours.

Benefits

A range of privileges or advantages provided to employees or members, typically including health insurance, retirement plans, and paid time off.

Termination

The act of ending or concluding a contract, agreement, or employment.