Wages include all amounts due for labor or service performed by an employee for which the employee has a reasonable expectation of payment. Wages include the basic hourly rate of pay, including revocable and irrevocable contributions made by an employer to a trustee or third party for the benefit of the employee and contributions that may be reasonably anticipated in providing benefits to employees under an enforceable agreement to provide medical care, compensation for death or injury, or other fringe benefits.
Employers must pay all employees on a monthly or semimonthly basis, at the employee's election, unless the employer and employee agree to monthly payments in an annual initial contract of employment (AK Stat. Sec. 23.05.140).
Wages must be paid in lawful U.S. currency or with negotiable checks, drafts, or orders payable upon presentation without discount by a bank or depository in the state of Alaska (AK Stat. Sec. 23.10.040).
Direct deposit. Private employers may not deposit wages directly in a bank, savings and loan association, or credit union without the employee's permission. All such direct deposits of wages must be made at the financial institution of the employee's choice (AK Stat. Sec. 23.10.043). All state agencies must pay their employees by (1) an electronic funds transfer to an account in a financial institution or (2) an electronic payment card issued by a financial institution, unless another state or federal law requires that a different method be used, use of direct deposit would cause substantial hardship to the employee, five or fewer payments will be made to the employee, an employee elects not to be paid by direct ...