Payroll debit cards can be issued to individuals without bank accounts, and can be used to access cash from an ATM machine, making them a convenient option for those who may not have access to traditional banking services. They can also be used to pay bills online, providing added functionality. Additionally, payroll debit cards may offer fraud protection if lost or stolen.

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Payroll Debit Cards

Question 284

Multiple Choice

Payroll debit cards:

A) are protected if lost or stolen.
B) have limited use because they can only act as a credit card,and the recipient does not have access to cash.
C) must go through the Federal Reserve's Automated Clearing House system.
D) can be issued to persons without bank accounts who can use it to pay bills online,or access cash from an ATM machine.

Correct Answer: