No More Paper Paychecks at Walmart
11th September 2009
Walmart, the nation’s largest employer, has recently made a change that more employers will be making in the next few years. Instead of issuing paper checks and paystubs for employees who do not have direct deposit, they will be issuing payroll debit cards and electronic statements. Pay will be deposited automatically onto these debit cards each payday.
Workers will have one free ATM transaction per pay period, if they want to withdraw all the money as cash. They may also withdraw their money free at Walmart and Sam’s Club registers. The debit card will also function as a regular debit card. Additionally, employees will receive checkbooks, if desired, so that they can write checks on the account.
This is a very clever idea. Read the article to find out how clever.