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#17207 - 01/30/03 02:20 PM Re: Free Accounts
Anonymous
Unregistered

Sorry--
In reply to:

Massachusetts does not prohibit the fees, but has a labor law that requires employers who pay by check to have a reasonably convenient arrangement (with a bank) whereby employees may cash their paychecks at par (no fee).




I was just wondering if you had a cite for this law.

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General Discussion
#17208 - 01/31/03 04:09 PM Re: Free Accounts
Anonymous
Unregistered

No cite?

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#17209 - 01/31/03 07:47 PM Re: Free Accounts
John Burnett Offline
10K Club
John Burnett
Joined: Oct 2000
Posts: 40,086
Cape Cod
Gee, Anon, I do have a life, and don't stare at BOL all day! (Some would argue that point.)

Anyhow, I'm happy to give you the cite -- It's Mass. General Laws (MGL) ch. 148, ยง149, which includes the following paragraph:

Any employer paying wages to an employee by check or draft shall provide for such employee such facilities for the cashing of such check or draft at a bank or elsewhere, without charge by deduction from the face amount thereof or otherwise, as shall be deemed by the attorney general to be reasonable. The state treasurer may in his discretion in writing exempt himself and any other public officer from the provisions of this paragraph.

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John S. Burnett
BankersOnline.com
Fighting for Compliance since 1976
Bankers' Threads User #8

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#17210 - 01/31/03 07:53 PM Re: Free Accounts
Anonymous
Unregistered

Thanks. Sorry for pestering you--I feel sufficiently chastised.

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#17211 - 01/31/03 08:04 PM Re: Free Accounts
John Burnett Offline
10K Club
John Burnett
Joined: Oct 2000
Posts: 40,086
Cape Cod
Sorry. Feeling a little put upon today. Maybe it's HMDA/CRA, BSA CTR Exemption reviews, prepping for OCC arrival. TGIF!

Have a good weekend!
_________________________
John S. Burnett
BankersOnline.com
Fighting for Compliance since 1976
Bankers' Threads User #8

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