CT HB05315

Allows employers to offer payroll cards as a method to deliver wages to employees, effective October 1, 2014, in addition to cash, checks, and direct deposit.

Requires employers to provide employees written notice that they can choose alternative payment methods and that failure to opt out within two weeks constitutes consent to payroll card payment.

Prohibits employers and card issuers from charging employees fees for card issuance, wage transfers, account maintenance, replacements, closures, low balances, inactivity, and other similar costs during employment and for 60 days after termination.

Mandates employees receive at least one free withdrawal or transfer per pay period, access to balance checks without cost, and the ability to switch to direct deposit into a personal bank or credit union account within 14 days of request.

Requires payroll cards to be linked to FDIC or NCUA-insured accounts with no credit features or overdraft fees, and mandates employers provide clear written notice of all terms, conditions, and fees associated with payroll card accounts.