Increasing retention and productivity starts with increasing your employees’ savings.Request a demo
With Instapay, employees can access part of 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 $100M in fees and interest associated with credit, overdrafts, and loans. We designed Instapay to let employees access up to 50% of their current net pay, ensuring they’ll still receive a substantial paycheck on payday.
Even removes stressful ambiguity around managing schedules, timesheets, and paychecks. The app provides a fast way for employees to check their next shifts and glance at their current earnings. Through our Earn tab, employees can see how much they’ve earned so far, and what their next paycheck will amount to.
Even paves the way to financial wellness 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 and moves the savings into a separate bank account managed by Even.
Even creates a number that’s better than a bank balance, because it takes the whole picture into account. We take the total dollar amount of upcoming bills, and subtract it from the employee’s bank balance—no mental math or guessing required.
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’s simple for employers and employees
Even solves immediate needs
Financial health comes standard
A typical integration takes weeks, not months, and a dedicated Even partner success manager makes sure it goes smoothly.
After using Even for three months, employees go from spending more than they make to having money left over to save.
Even is the only financial wellness provider that tailors its operating model to the need of each state, ensuring we can handle the compliance and minimize overhead for payroll teams. Even aligns with consumer-friendly and sound practices with respect to state wage-and-hour laws and employment tax laws.
Offering Even to your employees can cost you nothing; or you can choose to subsidize the cost of the app as much or as little as you like.
Even helps employees make progress, because they’re highly engaged with the platform. Learn how businesses have drastically reduced turnover and increased productivity.
72% use the platform weekly.
That’s an engagement rate comparable to social media platforms.
It's really helping me manage money in a helpful way that doesn't hurt me in the long run or put me behind later on.
Just started using this app and I find it extremely beneficial in today’s fast paced environment. Being able to view my upcoming check and bank account in one place as well as bill planning is awesome.
Great app. I can use it to keep track of finances, schedules and even how much I make each day. It makes budgeting much easier.