FinFit Makes Early Wage Access Free for Employees
Early wage access has gained significant traction as a benefit employers can offer to their employees. Should employees have to pay for this service? They’re simply asking for access to their already earned wages. Early wage access providers typically charge employees a subscription fee, a flat rate per transaction or a percentage of the funds requested (as illustrated in this article).
Employees want the ability to choose when they get paid. Now, FinFit gives them this flexibility for free through WageNow. Early wage access is one of many services included in FinFit’s suite of financial wellness tools and resources. Access to earned income does not replace the need to establish healthy spending, saving and planning behaviors. Financial wellness at its core is about empowering employees to make smart financial decisions that improve their overall well-being. FinFit’s holistic financial wellness program affords employees the ability to become financially healthy.