Payroll Receipt Using A Trustee Account Systems And Methods

A method of receiving payroll, comprising:

• enrolling an employee into a payroll system, wherein enrolling the employee comprises:
• assigning to the employee at least an account identifier that identifies an account for receiving payroll funds due the employee;
• and
• providing activation instructions to the employee;
• activating the account on behalf of the employee, wherein activating the account comprises:
• receiving an activation request from the employee to activate the account;
• providing to the employee disbursement options including at least receiving payroll funds by negotiable instrument and receiving payroll funds by presentation instrument;
• receiving from the employee a selection from among the disbursement options;
• and
• establishing the selection;
• depositing payroll funds due the employee into the account, wherein the account comprises a trustee account for the benefit of the employee;
• and
• disbursing at least a portion of the funds to the employee.

A payroll receiving system, comprising:

• enrolling means for enrolling an employee into a payroll system, wherein the enrolling means comprises:
• means for assigning to the employee at least an account identifier that identifies an account for receiving payroll funds due the employee;
• and
• means for providing activation instructions to the employee;
• activating means for activating the account on behalf of the employee, wherein the activating means comprises:
• means for receiving an activation request from the employee to activate the account;
• means for providing to the employee disbursement options including at least receiving payroll funds by negotiable instrument and receiving payroll funds by presentation instrument;
• means for receiving from the employee a selection from among the disbursement options;
• and
• means for establishing the selection;
• depositing means for depositing payroll funds due the employee into the account, wherein the account comprises a trustee account for the benefit of the employee;
• and
• means for disbursing at least a portion of the funds to the employee.