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 updated in October of 2021 by the Wex Definitions Team]