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Unclaimed Property

Fair Treatment of Payroll Card Accounts Under State Unclaimed Property Laws

Over 5.9 million Americans use payroll card accounts to receive their wage payments. Payroll Card Accounts are non-traditional deposit accounts held at a financial institution that allows employees without traditional bank accounts and those with limited access to traditional financial services to enjoy the convenience and security that their coworkers experience with direct deposit.  Without Payroll Card Accounts, many underserved workers are forced to operate outside of the financial mainstream and are unable to enjoy the benefits of electronic wage payment. Thus, because Payroll Card Accounts are distinct from wages or checks, they should not be treated in the same manner as wages or checks under unclaimed property regulations.  
  • Full statement on Fair Treatment of Payroll Card Accounts Under State Unclaimed Property Laws
  • IPA Letter to Maine - Unclaimed Property Act (August 2020)
  • IPA's Position Brief: Unclaimed Property and Payroll Cards (May 2019)
  • ULC Revised Unclaimed Property Act (November 2016)
  • NBPCA Memo to ULC on Payroll Cards (February 2016)
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Montvale, NJ 07645
(202) 548-7200
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April 29 - May 1, 2026 

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  • About Us
    • Our Team
    • Board of Directors
    • Members
    • Partnerships
  • News & Events
    • Non-Member Newsletter
    • Newsroom
    • Events
    • Blog
    • Podcast
  • Member Resources
    • Glossaries & Reports
    • GRWG
    • Recordings
    • Government Update
    • State Legislative Tracker
    • Financial Crimes Investigators
  • Issues & Advocacy
    • Comment Letters
    • Payments Litigation
    • Current Issues >
      • Earned Wage Access
      • Fraud Prevention
      • Prepaid Rule
    • Ongoing Issues >
      • Arbitration
      • Artificial Intelligence
      • Banking as a Service
      • Brokered Deposits
      • CFPB
      • Covid Response
      • Durbin Amendment
      • FDIC & OCC
      • Privacy Legislation
      • Unclaimed Property
  • Join the IPA
    • IPA Wins
  • Boot Camp