Free Earned Wage Access
Instant Pay allows employees to access up to 50% of their daily earned pay. Upon completion of their shift, an employee receives a notification on their smart phone through the Instant Financial app that their pay is available for them to claim. If the employee choses to accept the offer, funds immediately go to their Instant Visa® debit card that can be used to make purchases, withdraw cash from more than 33,000 surcharge-free ATMs, save for future or move to an existing bank account using regular or real-time transfer services. If an Instant Pay offer is not claimed, employees will be paid in full on payday.
True Financial Wellness
Instant Pay is always free to employees. We believe in doing business the right way and truly helping employees when they are in need the most. By providing the Instant Pay benefit and not charging employees to access their hard-earned money, you empower them to have more control over their wages, which allows them to get out of the debt cycle and build financial stability.
Improved Engagement and Absenteeism
By offering the Instant Pay benefit, employers show that they care about their employees’ financial well-being because with free flexible access to earnings, employees can improve their financial stability by being able to cover unexpected expenses, pay their bills on time, and avoid high-cost financing options like overdrafts, credit cards, and payday loans. As a result, employees become less stressed, more loyal and engaged at work. They tend to stay with the company longer and are motivated to pick up extra shifts knowing that they can get paid instantly.
Become the Employer of Choice
Differentiate yourself from the competition by offering the most desirable employee benefit and become the employer of choice.
Improved Bottom Line
Employers who offer Instant Pay, gain competitive advantage, attract more talent, and see a drastic improvement in turnover, which saves the expense of recruiting, onboarding, and training new workers.
Instant Financial Provides Funding
Instant Financial provides funding at no cost to your company. There are no changes to the employer’s payroll processes. If employees accept their Instant Pay offers between pay cycles, they receive the rest of their pay on payday. Instant Financial is repaid by the employer for the early transfers made to employees on payday as well.
Simple and Compliant
Instant works alongside existing human capital management, payroll and time and attendance solutions. Instant is compliant with wage and hour laws in all 50 states.
No Bank Account Required
The Instant Pay benefit is available to all employees through the Instant Financial app and Instant Visa® debit card. There are no employee credit checks and qualifications required.