Even makes it easy for employees to get fast access to their paychecks when it matters most, while also providing the tools necessary to create a more financially-secure future.
With Instapay, employees can access their earned wages when they’re short on cash. Instapay is available at no additional cost to Even members, and is significantly less expensive than overdrafts, credit cards, and payday loans. In fact, Even members have saved over $150M in fees and interest, helping them avoid the financial pitfalls of credit, overdrafts, and loans.
Even removes stressful ambiguity around managing schedules, timesheets, and paychecks. Our app provides a fast way for employees to check their next shifts and glance at their current earnings. Through the Earn tab (used by 66% of Even members), employees can see how much they’ve earned so far, and what their next paycheck will amount to.
Even paves the way to strong financial health with an easy, achievable way to save money. Employees set a savings goal, and a percentage of each paycheck they’d like to save towards that goal. Then every payday, the app calculates how much money to take out of the employee’s bank account. We move the savings into a separate bank account managed by Even, which helps members reduce the chance of misspending and ensures progress towards their savings goals. To date, Even members have put more than $82 million of their paychecks into savings through our platform.
Even takes the guesswork and number crunching out of budgeting. Our app creates a number that’s better than a bank balance, because it takes the employee’s entire financial picture into account. With Even’s budgeting tools, employees gain a daily measure of their financial health, making it easier to make more informed financial decisions.
Most bills are due once a month, and traditional budgeting works on a monthly basis, too. But employees tend to form their budgets around paychecks. Even automatically finds and surfaces the bills becoming due during the current pay period, and shows the amount needed to cover those bills. This gives employees a clear picture of what they need for bills until their next paycheck arrives, so they can cover their expenses more reliably and with less stress.
Even is easy for employees to use. We have a 4.9-star rating in the app store, and 51% of employees use the app every day.
Even gives your employees an instant way to access the earned wages they need, when other options are predatory or expensive.
Employees using Even have put over $82 million of their paychecks into savings, building long-term stability.
Even offers a smooth and secure integration process designed to fit into existing workflows. We collaborate with your teams to ensure successful implementation, leveraging our extensive payroll expertise gained from launching our product to over 600,000 employees at companies such as Walmart, PayPal, and Humana.
On average, employees place $308 into their emergency savings within the first three months of using Even, reducing their reliance on payday loans and increasing their financial standing.
Even is the only on-demand pay company that tailors its operating model to the needs of each state, ensuring we can handle compliance and minimize overhead for payroll teams. We ensure our product is compliant with all applicable requirements at both a federal and state level.
Offering Even to your employees as a 100% voluntary benefit can cost you nothing; or you can choose to subsidize the cost of the app as much or as little as you like.
Trusted by more Fortune 500 employers than any other on-demand pay platform, Even is the only on-demand pay platform achieving real results for both employees and employers. We help employees make real progress towards their financial goals—more than $150 million saved to date in interest and fees by using our Instapay feature. And by implementing Even, our customers have dramatically reduced employee turnover.
Even helps employees make financial progress, because they’re highly engaged with the platform. Learn how businesses have drastically reduced turnover and increased retention and productivity.
of users turn into monthly active users. That’s an engagement rate comparable to social media platforms.
reduction in turnover among employees using on-demand pay along with budgeting and saving
of employees’ paychecks have been put into savings, building long-term stability
It’s the company trying to take care of you. If I was going to move to a new corporation, I would check and see if they had the Even app.
You should be able to offer your employees more than just a check. You want your employees to feel like they’re secure.
Awesome! Even is a wonderful thing. It allows you to get emergency funds from your already earned paycheck so that you don’t have to take out a loan or use high interest rate credit cards. Thanks Even!