Thread Starter: MNCompliance
Title: Re: Employee Banking
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This is my understanding. So in some states (this is state specific), employers can require employees to receive payroll through direct deposit. However, even in states where employers can mandate direct deposit, employers cannot require employees to use a specific bank for the direct deposit. So in other words if you require direct deposit (if your state allows it), you cannot make an employee open an account at a specific financial institution for purposes of receiving their direct deposit. This would apply to the financial institution as an employer.
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