A majority of U.S. consumers live paycheck to paycheck. Not only is waiting every two weeks for payday a struggle for many, it could soon be considered a thing of the past.
Employees are grappling with economic hardships that were exacerbated by the public health crisis, such as pay cuts, debt and insufficient savings. According to Expectations & Experiences: COVID-19 and Household Finances, only 38 percent of Americans would be able to cover a $500 emergency from existing funds. Put simply, many can’t afford to wait for their next payday. It’s more important than ever that organizations offer their workforce the financial freedom to get paid how they want – and when they want.
More and more people-centric employers are looking for ways to alleviate stresses and foster financial well-being within their workforces, giving rise to more immediate, flexible forms of payroll delivery. Earned wage access is an option growing in popularity as organizations rethink their wage frequency options.
Help your employees build financial stability by providing free access to a portion of their earned pay after each shift.
Increase loyalty with an on-demand payroll benefit that helps employees stay engaged, not financially distracted.
Improve productivity and performance, and save the expense of recruiting, onboarding and training new workers.
Employees complete their workday
Employees request earned wages through mobile app*
Up to 50 percent of their earned pay is available to load conveniently on their Money Network Card
Your inquiry has been successfully submitted. We will route it to the appropriate member of our team and they will respond within two business days.
*Standard message and data rates may apply.
The Money Network name and logo are registered trademarks of Money Network Financial, LLC, and are used with permission. Cards issued by MetaBank®, N.A., Member FDIC, pursuant to a license from Visa U.S.A. Inc. and accepted everywhere Visa debit cards are accepted.