Here at rapid! PayCard® we do more than maintain adherence to state and federal regulations. We keep our clients well-informed of the ever-evolving payroll laws. A consistently updated, interactive map serves to deliver current, state-by-state updates on legal requirements and how rapid! PayCard complies.
The following include some current legal requirements for pay cards and how rapid! PayCard complies:
Cash Access
Legal Requirement – State Statute of West Virginia:
Funds deposited into the pay card account must be immediately available to the worker.
W.V. Code § 21-5-3(a)(3).
rapid! PayCard Program:
The rapid! PayCard provides numerous ways for employees to access their pay each pay period, including:
- Over the counter bank teller transactions at banks displaying the logo of the applicable payment brand (Visa® or MasterCard®)
- Electronic transfer to a bank account
- US Post Office Money Order
- ChekToday1 convenience checks
- ATM withdrawals at more than 55,000 locations in the Allpoint® ATM surcharge-free network
- Cash back with POS purchases using a PIN
- See your fee schedule for methods of accessing wages, including full net wages, in cash without cost.
Employer Costs and Incentives
Legal Requirement – State Statute of West Virginia:
No provision expressly addressing employer costs or incentives in the pay card context.
rapid! PayCard Program:
rapid! PayCard does not offer cash incentives to employers, or pass employer costs onto their employees.
Convenience Checks
Legal Requirement – State Statute of West Virginia:
State law does not authorize the use of convenience checks tied to a pay card account as a replacement for employer-issued paychecks.
rapid! PayCard Program:
rapid! PayCard offers ChekToday1 convenience checks which can be used by cardholders to access wages at Walmart stores with Money Centers free of charge. ChekToday also can be used at check cashing facilities or to make other direct payments.
Transaction Histories
Legal Requirement – State Statute of West Virginia:
No express requirement relating to transaction histories on pay card accounts.
See federal requirements.
rapid! PayCard Program:
rapid! PayCard makes transaction information available to cardholders online, via the rapid!Access mobile application2 and over the telephone2. Transaction data can be printed from the cardholder website or upon request, rapid! will provide a written transaction history.
Ability to Change Payment Method
Legal Requirement – State Statute of West Virginia:
No express provision that addresses whether employees must be allowed to change the manner in which they receive their wages, but such a requirement could be inferred.
See federal requirements.
rapid! PayCard Program:
Employers who offer the rapid! PayCard are responsible for complying with applicable state and federal requirements regarding an employee’s ability to change payment methods.
1 This optional offer is not an issuing bank product or service nor does the issuing banks endorse this offer.
2 While rapid! PayCard does not charge for this feature and service, standard text messaging, data and cellular rates may apply. Please check with your cell phone carrier and inquire about fees your carrier may associate with these services.
The rapid! PayCard® MasterCard Card is issued by MetaBank®, Member FDIC, pursuant to a license by MasterCard International Incorporated. Prepaid card can be used wherever Debit MasterCard is accepted. MasterCard is a registered trademark of MasterCard International Incorporated.