For 4.6 million Americans, there is a fee just to access their own paycheck. As of 2012, more than $120 million in payroll card fees are suspected to have been collected, per a Federal Reserve study. These fees can range from -- for one provider -- $1.75 per ATM withdrawal, $2.95 to request a paper-based statement of charges, $6 to replace a card
CFPB Pledges To Enforce Consumer Protection Laws Over Mandatory Payroll Cards
Mandatory payroll cards force employees to consent to a bank fee structure as a condition of employment.