Payroll card account
nouncandidate·updated May 9, 2026
A bank account that is established directly or indirectly by an employer on behalf of an employee to which an electronic funds transfers the employee's wages or compensation on a recurring basis. The payroll card, often branded by one of the credit/debit card associations, provides the employee access to the funds.
Framework senses
Federal Financial Institutions Examination Council (FFIEC) IT Examination Handbook Infobase, Glossary1 senseview framework →
- §1
- A bank account that is established directly or indirectly by an employer on behalf of an employee to which an electronic funds transfers the employee's wages or compensation on a recurring basis. The payroll card, often branded by one of the credit/debit card associations, provides the employee access to the funds.