Imagine if you could boost employee retention and morale at no cost to your organization. Sounds like a big win, right? Well you can — simply by implementing earned wages access (EWA) through Express Wages. We stand out by offering a slew of features and benefits that appeal to both employers and employees.
No Cost and No Hassle for Companies
Providing employees access to wages they’ve already earned but have not yet been paid doesn’t cost employers anything with Express Wages. There are no hidden fees. As long as you use direct deposit for payroll, we take care of the rest — from transferring funds to back-end accounting, with no extra bookkeeping on your part. Express Wages integrates seamlessly with existing payroll and HR systems because everything is handled through an API. The money disbursed to employees comes from Express Wages and is deducted from their next paycheck.
Low/No Employee Fees
The cost to receive money from earned wages is only $4.95, which is paid by the employee. If they apply for and receive an Express Wages Visa card, however, they can transfer their wages to that card at no cost. The Visa card can be obtained by applying through the Express Wages app. Employees need to be over 18 years of age, but there’s no credit check and no overdraft fees — they don’t even need a bank account to use Express Wages. Workers have the option to receive funds through instant transfer, ACH transfer — or their Express Wages Visa card.
Quick and Easy Access for Employees
The Express Wages platform makes accessing earned wages simple. Once your organization signs up, it receives a unique ID number. All your employees need to do is download the Express Wages app, create an account and enter their company ID. Once connected, they can request up to $200 from their earned wages daily. Our convenient dashboard lets employees request wage payments, apply for the Express Wages Visa card and manage their account right from their mobile phone.
Financial Wellness Features
Reducing financial stress for employees is our mission. Express Wages can help reduce the need for workers to take on high-interest credit card debt and predatory payday loans, providing financial flexibility and a critical safety net when they’re faced with unexpected expenses. They can even explore our extensive financial education library designed to help employees make smarter choices when it comes to their money. And all this allows them to focus more on their work and families instead of worrying about how they’ll make ends meet until the next payday.
Express Wages has put the best features of EWA into a program that’s free for companies, scalable, easy to use and packed with valuable benefits that employers and employees appreciate. The Express Wages difference is making a big difference for organizations and their workers. Learn more today!