March 6, 2023

The Benefits Of Same Day Pay For Workers

In this article, we’ll unpack everything about same day pay: from what it is exactly, to how it works, how you can benefit from it, and how you can enjoy this financial solution.

What Is Same Day Pay?

Same day pay refers to a service that allows people to receive their pay on the same day they earn it—rather than waiting for the typical bi-weekly or monthly pay schedule. It can be done through various methods, such as direct deposit, pay cards, or mobile app-based services.

Same day pay is often offered as a benefit to employees and can be particularly useful for unexpected expenses or for those living paycheck to paycheck. As more and more companies in the United States adopt this service, it's clear that it's quickly becoming a popular choice among businesses looking to boost employee satisfaction and retention.

How Does it Work?

In a same day pay system, employees often access a portion of their wages per pay period while the balance is held until the next regular payday.

Companies that exclusively offer on-demand pay services—such as Earned Wage Access programs—typically offer this service.

They then automatically recover the funds either through a single installment on or around the next scheduled payday or scheduled debit date as designated in the Services. Depending on the provider you choose, they may offer the service for a flat fee, charge per transaction, or even provide it at no cost.

Here's what to expect from Earned Wage Access (EWA) programs:

  • To provide Earned Wage Access services, the EWA provider can either work with the employer or directly with the employees.
  • The amount provided is limited to the employee's earnings up to the time and date of the transaction.
  • The Earned Wage Access provider has no legal recourse against an employee if they are unable to recover the funds. However, they may deny future transactions from that worker.
  • The Earned Wage Access provider does not participate in any debt collection activities.

How Does Same Day Pay Benefit Employees?

Same day pay is making waves in the world of employee compensation, and this is no surprise. Allowing employees to receive their pay on the same day they earn it is providing a level of control and flexibility that was once unimaginable.

Let's take a look at some of the benefits of same day pay service for workers.

1. Helps Manage Unexpected Expenses

For employees living paycheck to paycheck, same day pay provides a much-needed financial cushion in times of emergency. They can manage any unexpected expenses that may arise—such as car repairs or medical bills.

2. Reduced Dependence on Credit Cards

For many employees, credit cards are a lifeline to make ends meet—but with a same-day payday, they will have the cash on hand when they need it.

It will help them avoid using credit cards to bridge the gap between paychecks—saving them from high-interest debt and financial distress.

3. Improves Employee Morale

Faster access to earnings means happier workers. When employees get paid everyday, the reliability that comes from it helps them feel more secure in their jobs and increases their productivity.

This not only means better results for their employers but also improved mental health for employees. Everyone wins!

4. Helps Them Pay Bills on Time

With same day pay, employees can pay their bills on time—which may help them avoid late fees and penalties. This can be especially beneficial for employees who have a hard time making ends meet each month.

5. Reduced Risk of Financial Exploitation

By providing employees with access to their wages in real-time, same day pay can reduce the risk of financial exploitation from predatory lenders and high-interest loans. It can help employees take control of their financial lives and make sure they're getting a fair deal.

6. Peace of Mind

Same day pay gives employees peace of mind by providing them with the financial security and stability they need to manage their expenses. This reduces stress and anxiety, which in turn can improve their overall well-being and quality of life.

You Work. You Get Your Money. It’s That Simple

Are you tired of waiting for your next paycheck to access the money you've already earned? EarnIn offers a solution with our innovative Earned Wage Access product.

With it, you'll be able to transfer up to $100 of your hard-earned money per day or up to $750 per paycheck whenever you need it. Plus, our app seamlessly integrates with your existing bank account, so you can easily transfer your money via direct deposit.

At EarnIn, we understand the importance of financial flexibility, which is why we don't charge any hidden fees, interest for transactions. Tipping is always optional, so you are free to decide if and how much you would like to tip. Say goodbye to the stress of waiting for your next paycheck and hello to the freedom of being in charge of your finances—download the EarnIn app today.


1. Subject to your available earnings, Daily Max and Pay Period Max.

2. EarnIn does not charge hidden fees for use of its services. EarnIn does not charge interest on Cash Outs. Restrictions and/or third party fees may apply, see EarnIn.com/TOS for details.

EarnIn is a financial technology company, not a bank. Bank products are issued by Evolve Bank & Trust, Member FDIC. The EarnIn Card is issued pursuant to a license from Visa USA Inc.

1Subject to your available earnings, Daily Max and Pay Period Max. EarnIn does not charge interest on Cash Outs.

2Fees apply to use Lightning Speed. Lightning Speed may not be available to all Community Members. Cash Outs may take up to thirty minutes, actual transfer speeds will depend on your bank connection. Restrictions and/or third party fees may apply, see Earnin.com/TOS for details.

1Restrictions on use of Services and/or third party fees may apply, see earnin.com/privacyandterms for details.

2Balance Shield cash out is subject to your available earnings and daily pay period max. Other restrictions and/or third party fees may apply. For more information visit earnin.com/privacyandterms.

3Tip Yourself Account funds are held with Evolve Bank & Trust, Member FDIC and FDIC insured up to $250,000. Tip Yourself is a 0% APY and $0 monthly fee service. Other restrictions and/or third party fees may apply, see earnin.com/privacyandterms for details.

1Fees may apply to use Lightning Speed. Lightning Speed may not be available to all Community Members. Cash Outs may take up to thirty minutes, actual transfer speeds will depend on your bank connection. Restrictions and/or third party fees may apply, see  Earnin.com/TOS for details.

2Restrictions and/or third party fees may apply, see Earnin.com/TOS for details.

3Balance Shield cash out is subject to your available earnings and your daily pay period max. Other restrictions and/or third party fees may apply, see Earnin.com/TOS for details.

4Tip Yourself Account funds are held with Evolve Bank & Trust, Member FDIC and are insured by the FDIC up to the standard maximum deposit insurance amount per depositor, per FDIC-insured bank, and per ownership category. Tip Yourself is a 0% Annual Percentage Yield and $0 monthly fee service. Other restrictions and/or third party fees may apply. For more information/details visit earnin.com/tos.

5Up to two days early is based on comparison with traditional banks. Exact timing is dependent on your employer’s payroll policies. For more information on eligibility and requirements of Earnin Express, visit Earnin.com/TOS.

6Your Max on Earnin Express is up to 80% of your payroll or $1000, whichever is less. The 80% is dependent on you routing your full paycheck to Earnin Express. For more information on eligibility and requirements of Earnin Express, visit Earnin.com/TOS.

7Learn how we collect and use your information by visiting our Privacy Policy.

1Disclaimer: Restrictions and/or third party fees may apply, see earnin.com/privacyandterms for more details. Lightning Speed may not be available to all Community Members. Cash Outs may take up to thirty minutes, actual transfer speeds will depend on your bank connection.

2Disclaimer: Lightning Speed may not be available to all Community Members. Cash Outs may take up to thirty minutes, actual transfer speeds will depend on your bank connection. Restrictions and/or third party fees may apply, see earnin.com/privacyandterms for details

3Disclaimer: Community Member must have had at least 1 successful debit with EarnIn. Limit to 1 Max Boost per pay period. A boost will not adjust a Community member's daily max. Restrictions may apply, see earnin.com/privacyandterms for more details

*Disclaimer: Balance Shield Cash Out is subject to your available earnings and daily pay period max. Other restrictions and/or third party fees may apply. For more information visit earnin.com/privacyandterms

1Restrictions may apply, see earnin.com/privacyandterms for more details. Tip Yourself Account funds are held with Evolve Bank & Trust, member FDIC and FDIC insured up to $250,000. Tip Yourself is a 0% Annual Percentage Yield and $0 monthly fee service. Your Tip Yourself Account and any Tip Jars are not Savings Accounts. For more information/details visit earnin.com/privacyandterms

2Disclaimer: NO PURCHASE NECESSARY TO ENTER OR WIN. Must be 18 years of age or older and a legal resident of the U.S. or DC. Games begin each Sunday starting 12/6/20 at 9:01 p.m. ET and end the following Monday at 9:00 p.m. ET with the last Game ending 12/19/21. To download the App, view the Official Rules, odds disclosures, prize details, and alternate means of entry, visit https://www.Earnin.com/wewin/game-rules/. Void where prohibited. $10,000,000 grand prize payable over 29 years. Sponsor: Activehours, Inc. (d/b/a Earnin), 200 Portage Ave, Palo Alto, CA 94306.

3Disclaimer: Restrictions Apply. See Earnin.com/wewin/pool-rules/ for more information

1Subject to your available earnings, Daily Max and Pay Period Max. Restrictions and/or third party fees may apply, see EarnIn.com/TOS for details

2Balance Shield cash out is subject to your available earnings, Daily Max and Pay Period Max. Other restrictions and/or third-party fees may apply. For more information visit EarnIn.com/TOS.

3Tip Yourself Account funds are held with Evolve Bank & Trust, member FDIC and FDIC insured up to $250,000. Tip Yourself is a 0% Annual Percentage Yield and $0 monthly fee service. Your Tip Yourself Account and any Tip Jars are not Savings Accounts. For more information and details, visit EarnIn.com/evolve-bank-and-trust

4Survey conducted in February 2020 with 889 participants

5PwC, 2022 Employee Financial Wellness Survey

6Calculated on the VantageScore 3.0 model. Your VantageScore 3.0 from Experian® indicates your credit risk level and is not used by all lenders, so don't be surprised if your lender uses a score that's different from your VantageScore 3.0. Learn more: https://www.experian.com/assets/consumer-information/product-sheets/vantagescore-3.pdf

5BrightPlan, 2022 Wellness Barometer Survey

* Earnin does not charge hidden fees for use of its services. Restrictions and/or third-party fees may apply. For more info, visit earnin.com/TOS.

1EarnIn is a financial technology company, not a bank. The Deposit Account, Secured Account, and EarnIn Card are issued by Evolve Bank & Trust, Member FDIC. The EarnIn Card is issued pursuant to a license from Visa USA Inc.

2Subject to your available earnings, Daily Max and Pay Period Max. Restrictions and/or third party fees may apply, see EarnIn.com/TOS for details.

3Internal analysis conducted by EarnIn in January 2021, represents total users who Cashed Out at least once from January 1 to December 31, 2020

4This research was conducted online by FTI Consulting’s Digital & Insights team, on behalf of Brigit, MoneyLion & EarnIn. FTI Consulting researched n=4,735 of Brigit, MoneyLion and EarnIn’s Direct to Consumer (D2C) Early Wage Access service consumers between the dates of April 21st, 2021 – May 18th, 2021, and results were weighted in equal proportions to ensure equal representation among the consumers of each participating company. Due to the standard convention of rounding, some totals may not add up to 100%

5Internal survey conducted in February 2020 with 889 participants.

6EarnIn does not charge hidden or mandatory fees for use of its services. Restrictions and/or third party fees may apply. For more info visit earnin.com/TOS

7$4.68 ATM fee = $3.02 ATM + $1.66 bank fee https://www.bankrate.com/banking/checking/checking-account-survey/

8Internal data June 2022- Dec. 2022.

* EarnIn does not charge hidden fees for use of its services. Restrictions and/or third-party fees may apply. For more info, visit earnin.com/TOS.

Credit Monitoring is subject to approval.

1Calculated on the VantageScore® 3.0 model. Your VantageScore 3.0 from Experian® indicates your credit risk level and is not used by all lenders, so don't be surprised if your lender uses a score that's different from your VantageScore 3.0. Learn more: https://www.experian.com/assets/consumer-information/product-sheets/vantagescore-3.pdf

2Subject to your available earnings, Daily Max and Pay Period Max. Restrictions and/or third party fees may apply, see EarnIn.com/TOS for details

3Actual response times vary

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