Which financial tool allows employees to access their wages via ATMs?

A payroll card is a financial tool specifically designed for employees to access their wages electronically. It operates similarly to a debit card, allowing employees to receive their payroll directly onto the card instead of receiving a traditional paper check. Once the wages have been deposited onto the payroll card, employees can use it to withdraw cash from ATMs, make purchases, or transfer funds.

This mechanism provides convenience, allowing employees to easily access their earnings at any time without having to visit a bank to cash a check. Additionally, payroll cards can help employees manage their finances more effectively, as they often come with online account management features that help in tracking expenditures.

In contrast, while debit cards and credit cards are widely used for transactions, they are not specifically intended for wages and do not typically facilitate direct deposits from an employer. A checkbook is primarily used for writing checks and managing personal finances rather than providing immediate access to wages through an ATM. Hence, the payroll card stands out as the correct answer for accessing wages via ATMs.