Bill > SB1026

This bill amends the 1975 law that facilitated the use of electronic funds transfer systems, further providing for electronic funds transfers, consumer protections, and payroll card accounts. Key provisions include: authorizing employers to pay wages, salaries, or commissions by credit to a financial institution account, including a payroll card account, if the employee has authorized it; requiring employers to provide 45 days' notice before eliminating the option to receive payment in cash or by check; and establishing consumer protections for payroll card accounts, such as limiting fees and providing free ATM withdrawals. The bill also specifies that its provisions do not apply to existing collective bargaining agreements.