Give your people a way to build for the future
A simple, rewarding way to set aside money each month.
As used by
Automated contributions take the hard work out of building funds for your staff
Employees set a build goal and a deadline: Wagestream calculates the monthly contribution and automatically moves it to their build pot on payday.
Micro-building means 100% of people can build a buffer
Available to hourly-paid employees, our micro-building feature automatically rounds down shift payments to the nearest pound and moves the extra into a build pot.
Monthly incentives mean more of your staff build
With our monthly prize draw, Wagestream will double whatever has been successfully built over the previous month for a randomly selected group of employees.
-
Yes. The money in their Build Pots is available to withdraw partially or fully at any point and should reach their bank account within two hours.
-
Users can choose to contribute as little as £5 per month via a variety of different building methods. The maximum that can be held in a Build Pot is £500.
-
Any employee that has a Build Pot and has put funds away over the previous month is eligible for a prize draw that Wagestream facilitates and funds. Wagestream will double whatever has been successfully built over the previous month for a randomly selected group of employees.
-
Available to Wagestream users on an hourly salary, our micro-building feature automatically streams ‘extra’ pennies down to the nearest pound into a Build pot. This is very effective for employees who have previously struggled to build funds.
-
Funds in Build Pots are kept in a protected safeguarding account; funds in these accounts must be held separately from the institution’s working capital/other funds and cannot be lent out or used for other purposes. As the funds are safeguarded by the FCA authorised EMI, they are not subject to FSCS protection requirements (which is only required where banks reinvest and take risks with the money).
Having the added security of that little bit of flexibility with your wages is really useful.
Matt, Wagestream user