AB1683

California AB1683 regulates the use of prepaid cards for workers' compensation payments, specifying permissible fees and account requirements.

California AB1683 amends the Labor Code to regulate the use of prepaid cards for workers' compensation payments. It mandates that employers disclose the use of prepaid cards to employees in writing and limits permissible fees to those for replacement cards, out-of-network ATM fees, and foreign transaction fees. The bill also requires that prepaid card accounts allow employees to withdraw their entire balance without fees, access in-network ATMs, and make point-of-sale purchases without incurring fees. It prohibits linking the prepaid card to any form of credit.