Florida Paychecks: What you need to know

Wages may be paid in cash or check on demand, without discount, at an established business in the state (FL Stat. Sec. 532.01). An employer may pay wages in coupons, punch-outs, tickets, or other devices in lieu of cash that are redeemable for goods or merchandise (FL Stat. Sec. 532.02). If an employer uses these alternative methods of payment, it will be liable to pay the full face value of the ticket or coupon, in currency, any time after the 30th day from issuance.
For a Limited Time receive a FREE HR Report on the "Critical HR Recordkeeping”.  This exclusive special report covers hiring records, employment relationships, termination records, litigation issues, electronic information issues, tips for better recordkeeping, and a list of legal requirements.  Download Now
Direct deposit. An employer may pay wages via direct electronic deposit of wages into an employee's account if the employee has authorized it in writing and has chosen a bank (FL Stat. Sec. 532.04). An employee may not be fired for refusing to authorize direct deposit.
Payday law. Florida has no payday law. Employers are free to set up pay schemes that best suit their business needs.
The wages of a deceased employee may be paid to the surviving spouse, any children over the age of 18, or the employee's parents, in that order (FL Stat. Sec. 222.15).
Wages remaining unclaimed by an employee for more than 1 year are presumed to be abandoned property (FL Stat. Sec. 717.115). Employers in possession of any such abandoned property are required to file a report with the Department of Banking and Finance on or before May 1 each year.

>> Read more about Paychecks

More on this topic:

State Requirements

National | Alabama | Alaska | Arizona | Arkansas | California | Colorado | Connecticut | Delaware | District of Columbia | Florida | Georgia | Hawaii | Idaho | Illinois | Indiana | Iowa | Kansas | Kentucky | Louisiana | Maine | Maryland | Massachusetts | Michigan | Minnesota | Mississippi | Missouri | Montana | Nebraska | Nevada | New Hampshire | New Jersey | New Mexico | New York | North Carolina | North Dakota | Ohio | Oklahoma | Oregon | Pennsylvania | Rhode Island | South Carolina | South Dakota | Tennessee | Texas | Utah | Vermont | Virginia | Washington | West Virginia | Wisconsin | Wyoming |

Florida Paychecks Resources

Paychecks Products

Final Pay Webinar Recording
BLR Webinar: "Final Pay: Common Pitfalls to Avoid with Final Paychecks, Severance, Unemployment Claims, and More""
Final Pay Webinar - April 17
BLR Webinar: "Final Pay: Understanding Your Rights and Obligations When the Employment Relationship Ends""
Final Pay Webinar Recording
BLR Webinar: "Final Pay: Understanding Your Rights and Obligations When the Employment Relationship Ends""
HR's Compensation Update Webinar Recording
BLR Webinar: "HR's Compensation Update: Tips, Trends, and Tactics for 2013""
Final Pay Webinar and Recording- April 17
BLR Webinar: "Final Pay: Understanding Your Rights and Obligations When the Employment Relationship Ends""
Free Special Reports
Get Your FREE HR Management Special Report. Download Any One Of These FREE Special Reports, Instantly!
Featured Special Report
Claim Your Free Copy of Critical HR Recordkeeping

Record retention is complex and time consuming. However, in addition to complying with various federal and state laws, keeping good, well-organized records can be very helpful in documenting and supporting an organization’s employment actions.
Download Now!

This special report will discuss how you can ensure your records are in good order, and establish a record-retention policy.

Topics covered:
1. Hiring Records
2. Employment Relationships
3. Termination Records
4. Litigation Issues
5. Electronic Information Issues
6. Tips for Better Recordkeeping
7. A List of Legal Requirements

Make sure you have the information you need to know to keep your records in order.