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Which of the following are advantages of paycards?(all that apply)

A) Have excess fees for ATM use

B) Must have a bank account

C) Secured access to payroll

D) Do not need a bank account

User Douglass
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1 Answer

5 votes

Final answer:

The advantages of paycards are secured access to payroll and the fact that they do not require a bank account.

Step-by-step explanation:

The advantages of paycards include:

  • Secured access to payroll: Paycards provide employees with a secure way to receive their wages. The funds are directly deposited into the paycard, which can only be accessed by the employee using a PIN or other security measures.
  • Do not need a bank account: Paycards are an alternative to traditional banking, as they do not require the employee to have a bank account. This can be beneficial for individuals who may not meet the requirements or preferences for opening a bank account.
User Bdls
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