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Getting Paid or Getting Played?

KAHOOT VERSION

Career

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If my employer offers to pay me using a payroll card, do I have to accept it?
Yes
No

GETTING PAID OR GETTING PLAYED? | APRIL 5, 2019 EDITION | NEXT GEN PERSONAL FINANCE

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If my employer offers to pay me using a payroll card, do I have to accept it?
Yes
No

GETTING PAID OR GETTING PLAYED? | APRIL 5, 2019 EDITION | NEXT GEN PERSONAL FINANCE

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2. The CFPB's Prepaid Rule that took effect on April 1, 2019 says that…

Companies can only pay employees using a payroll card
Employee must receive terms and conditions for payroll card
Companies must offer at least 1 alternative to payroll card
Companies must pay all the fees for the payroll card

GETTING PAID OR GETTING PLAYED? | APRIL 5, 2019 EDITION | NEXT GEN PERSONAL FINANCE

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2. The CFPB's Prepaid Rule that took effect on April 1, 2019 says that…

Companies can only pay employees using a payroll card
Employee must receive terms and conditions for payroll card
Companies must offer at least 1 alternative to payroll card
Companies must pay all the fees for the payroll card

GETTING PAID OR GETTING PLAYED? | APRIL 5, 2019 EDITION | NEXT GEN PERSONAL FINANCE

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3. What industries commonly issue payroll cards to pay their employees?

Fast food restaurants & retail stores
Technology companies & start ups
Architecture & Law firms
Research & Education/Teaching

GETTING PAID OR GETTING PLAYED? | APRIL 5, 2019 EDITION | NEXT GEN PERSONAL FINANCE

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3. What industries commonly issue payroll cards to pay their employees?

Fast food restaurants & retail stores
Technology companies & start ups
Architecture & Law firms
Research & Education/Teaching

GETTING PAID OR GETTING PLAYED? | APRIL 5, 2019 EDITION | NEXT GEN PERSONAL FINANCE

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4. In a 2018 survey, what percent of payroll card holders incurred fees?

5%
17%
30%
44%

GETTING PAID OR GETTING PLAYED? | APRIL 5, 2019 EDITION | NEXT GEN PERSONAL FINANCE

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4. In a 2018 survey, what percent of payroll card holders incurred fees?

5%
17%
30%
44%

GETTING PAID OR GETTING PLAYED? | APRIL 5, 2019 EDITION | NEXT GEN PERSONAL FINANCE

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5. Which of the following are common fees associated with payroll debit cards?

Fees applied at point of purchase at a store
Checking the balance available on the debit card
ATM fees for getting cash out of ATM using the card
All of the above

GETTING PAID OR GETTING PLAYED? | APRIL 5, 2019 EDITION | NEXT GEN PERSONAL FINANCE

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5. Which of the following are common fees associated with payroll debit cards?

Fees applied at point of purchase at a store
Checking the balance available on the debit card
ATM fees for getting cash out of ATM using the card
All of the above

GETTING PAID OR GETTING PLAYED? | APRIL 5, 2019 EDITION | NEXT GEN PERSONAL FINANCE

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You’ve completed the exercise, now it’s time to learn

more about the current event:

GETTING PAID OR GETTING PLAYED? | APRIL 5, 2019 EDITION | NEXT GEN PERSONAL FINANCE

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Discussion Prompt:

What would you do if your employer told you that you would get paid via

a payroll card?

GETTING PAID OR GETTING PLAYED? | APRIL 5, 2019 EDITION | NEXT GEN PERSONAL FINANCE

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Extend Your Learning

Relevant Resources from NGPF:

Pay Stub (Fine Print)
MATH: Income Tax Brackets (Activity)
82% of employees receive their paycheck through…(Question of the Day)

References:

How Workers Get Paid Is Changing: Consumer Protections Need to Catch Up (American

Progress)

If My Employer Offers Me A Payroll Card, Do I Have To Accept It? (CFPB)
The Pros and Cons of a Payroll Card (Business.com)

GETTING PAID OR GETTING PLAYED? | APRIL 5, 2019 EDITION | NEXT GEN PERSONAL FINANCE