The Flex Wage application for companies works only a little differently from DailyPay and PayActive. You receive a reloadable debit card for your wages, which takes the place of a paper paycheck when you sign up for the app as an employee. This provides you instant usage of your hard earned money on payday, unlike a check you deposit during the bank.
If you’d like cash before payday comes, the OnDemand Pay feature allows you request an advance. Nevertheless, itвЂ™s up to your boss to often decide how that function can be obtained and exactly what the restriction in the advance is. The cost you purchase this ongoing solution additionally differs by manager.
An extra function, called FlexPay, is specifically for tipped workers, such as for instance restaurant servers. It allows them to receive almost all their great tips on their pay card immediately at the end of the change. ItвЂ™s quicker than looking forward to guidelines submitted with credit cards re re payment and safer than making use a sum that is large cash. FlexPay additionally allows employers spend agreement employees or make one time re re re payments such as for example commissions, bonuses, and per diems for their workers that are regular.
FlexWage offers you use of a monetary health program called Sum180 too. It permits you to:
- Link and see your entire accounts that are financial one destination
- Make a beginner spending plan in moments
- Accept day-to-day tips that are financial challenges
- Read more information that is detailed financial subjects of great interest
- Speak with a wellness coach that is financial
- Build relationships a network
Along with worker that is improving, FlexWage assists employers spend less by removing the significance of paper paychecks. (more…)