Acceptable payment methods
The Protection of Wages Law of 2007 (the "Law"), as
amended in 2022, stipulates the permissible methods for payment of
wages, which according to the Law are the following:
- Payment to a bank account or payment account of the
employee's choice
- Payment by bank cheque in the employee's name
Provided that the employee is in the process of opening of a
bank account, the employer may pay the wages in cash for a period
not exceeding four (4) months from the date of employment. The
employer may continue to pay wages in cash only in case that the
request for opening of a bank account is rejected. In this case the
employer must provide evidence of the rejection (a relevant
attestation from the credit institution that rejected the
employee's application for the opening of a payment account) to
the Director of Director of the Department of Labour Relations of
the Ministry of Labour and Social Insurance.
