Give your employees access to a percentage of their pay as they earn it, so they can budget better and cover emergency expenses.
Seven in 10 workers regularly face financial shortfalls. When these shortfalls occur they’re forced to borrow and pay interest. By accessing their earned, but previously unpaid wages, employees can significantly reduce the amount of interest they pay.
Having the flexibility to align income and expenses means that employees are able to budget in the way that best suits them, rather than working to their employer’s pay cycle. This freedom removes the financial stress that employees face by putting them in control.
Fluctuations in earnings can impact the financial health of hourly-paid employees by reducing their ability to plan ahead. Having the ability to pick up an extra shift and then access that money instantly provides a way for employees to ensure their cash flow stays positive.
33% of withdrawals are to cover bills and 21% are to buy groceries
88% decrease in reliance on loans and 39% decrease in reliance on credit cards
12 months after making their first withdrawal, people make fewer transfers a month
“I like it because it’s my money that I’ve earned and I don’t pay interest on it.
It feels more like I’ve earned it – and I’m living within my means.”
“It allows me to stay on top of my finances, which helps me keep my days
running smoothly. I have full control over when I can spend my earnings.”
Withdrawal limits are set to prevent overspending and help employees stay within budget.
Earnings can be withdrawn whenever they’re needed and should hit bank accounts instantly.
Each withdrawal is able to be categorised so that employees can keep track of what they’re using Flexible pay for.
Depending on the arrangement with an employer, a flat fee of $2.49 may be charged when a withdrawal takes place so there’s no ongoing interest snowballing over time.
Withdrawals are automatically deducted from pay like other deductions such as student loans.
We're the mission-led responsible experts in financial wellbeing, providing award-winning innovative solutions to solve the number one employee concern — financial stress. We can have a financial wellbeing program up and running in your business in 4 weeks.
Automated transfers so saving becomes second nature, helping employees to reach their goals faster.
Making it easy for employees to see their earnings grow in real-time, so they can budget confidently and pick up extra shifts when needed.
1:1 live chat money coaches available to employees 24/7 to work through financial behaviours and setting goals.
Personalised financial education to help employees with money management principles and break behavioural barriers that hold people back.