Tapcheck Earned Wage Access for ADP Workforce Now®

Tapcheck is offered at no cost and is risk-free for employers to pilot and implement. We fund all early wage withdrawals so there are no changes to cash flow. In addition, our deep integrations avoid changes to your processes and additional burden for your staff.

Free earned wage access (EWA) transfer options may be available to employees who use the optional Tapcheck Mastercard. Employees can also choose to transfer funds to a third-party account for a nominal fee.

Our payroll and time and labor management integrations use more data to calculate a precise accrued net wage amount from which EWA withdrawal limits are based. This provides more accuracy than platforms that use gross wage estimates or algorithms instead of time data. As a result, Tapcheck has improved balance availability, higher withdrawal balances, lower effective fees, lower probability of overdraft, and equal accessibility for new and tenured employees. These collectively drive employee adoption that is often twice the industry average of 10%-15%—and better adoption equates to better business impact!

When employees can access their wages early and as needed, they gain greater financial stability, resulting in increased productivity, higher attendance, better engagement, and overall job satisfaction. Research from the Georgetown Journal reports that 89% of EWA users feel more productive at work and 74% had fewer unplanned absences. Offering Tapcheck as an on-demand pay benefit reduces employee stress by helping them cover financial needs while avoiding overdraft fees, high-interest loans, and predatory payday loans.

How well is your company positioned to attract young talent? According to ADP’s study, 76% of all employees say it’s important for their employer to offer on-demand pay and 75% of millennials say that availability of EWA would influence their acceptance of a job offer. Nearly all employers (96%) that offer earned wage access as an employee benefit, report it helping to attract talent.

Employees are willing to leave a job for one that offers EWA. Visa’s research shows that 79% of employees are more willing to switch to an employer that already offers on-demand pay, and 89% would work longer for a company that has EWA. ADP’s study states that 93% of employers credit EWA with helping to retain employees. By giving employees 24/7 access to their earnings, employers can improve retention, avoid the high cost of replacing staff members, and strengthen overall business profitability.

Tapcheck is more than a high-precision EWA solution, but a full-service financial wellness platform that offers free financial tools and education to employees, the option to use our convenient payroll card program, and ability for employers to make off-cycle pay disbursements.

What sets Tapcheck apart from other solutions is that we use more data from ADP Workforce Now® and over 100 third-party time and labor management systems with which we integrate. This allows us to provide improved balance availability, higher withdrawal amounts, lower probability of overdraft, and equal accessibility for new and tenured employees. With our precise EWA calculations, employees can take larger withdrawals for the same flat transfer fee, equating to lower effective fees versus other platforms.* This gives a simple, reliable, and user-friendly experience for employers and employees alike and drives the highest employee adoption and business impact. *Relevant only when EWA transfers fees apply; not applicable to free transfers.

The total amount an employee transfers in a pay period will be automatically deducted from their next paycheck via a payroll-based deduction. Employees can see this deduction on their pay stub and in the Tapcheck app, while employers can view it in ADP's payroll register and the Tapcheck admin dashboard. This creates a clear reconciliation process compared to other solutions that recover funds outside of payroll, which often creates confusion and perceived inaccuracies for both employees and employers.

Tapcheck offers a simple, quick, flexible, and cost-effective way for employers to disburse payments to employees outside of normal pay cycles. The most common examples of disbursements are final paychecks, spot bonuses, tips, and payroll corrections. With Tapcheck’s payment Disbursements feature, employers can:

Our optional Tapcheck Mastercards are designed to meet the needs of underserved employees, providing them with a reliable payment solution and free alternative to the traditional banking system. Tapcheck Mastercards can be issued to employees before they show up in payroll, allowing for quick enablement of direct deposits during employee onboarding. You can request a stack of payroll cards to hand out to any employee during onboarding, or your employees (18 years of age or older) can easily apply online for our advanced card that they can load cash to themselves —no credit checks, overdraft fees, or bank account required!

Tapcheck has a flexible and employee-centric payout system, where we prioritize individual preferences and do not force the use of a specific payout account. Employees can choose to send their direct deposits and EWA transfers to their:

• Bank account
• Tapcheck Mastercard
• Third-party debit card

Mobile payment app (Venmo, CashApp, Zelle, Chime, Paypal, and others) This approach ensures that each employee can select the account that best suits their financial needs and convenience, promoting a positive and inclusive work environment.

Financially healthy employees help strengthen your company’s bottom line. That’s why it’s our top priority to provide the financial education and wellness tools your employees need to reduce money stress and gain financial control. Using our free resources, employees can learn more effective ways to budget, save, and increase their credit score.

Tapcheck is SOC 2 compliant and adopts appropriate data collection, storage and processing practices, encryption, and other security measures to protect your sensitive information transmitted both online and offline. The computers/servers on which we store personally identifiable information are kept in a secure environment.

Tapcheck has achieved the highest recognition as an ADP Marketplace Platinum Partner, providing Earned Wage Access and Financial Wellness solutions tailored for midsize and enterprise businesses. We are committed to making a difference in the lives of our customers through our exceptional technology and customer service.