paycheck

A paycheck is a check that an employer gives to the employee for the payment of wage . The employee may cash the check to receive the money or deposit the check into a bank account. Commonly, paychecks are printed on paper and have a pay stub attached. The paystub contains detailed information regarding the wage paid by the employer to the employee.

A paper paycheck usually contains the following information, which ensures that the money paid through the paycheck is delivered to the correct person:

• The name and address of the paying company.
• The employee's name and address.
• The number of the check.
• The amount paid to the employee.
• The date of issuance.
• The employer's bank routing and account numbers.

[Last reviewed in October of 2021 by the Wex Definitions Team ]

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