Cashout

Cashout: Access Wages Before Payday

Cashout is a financial technology platform that allows users to access the value of their earned wages before payday. It integrates with payroll systems to provide on-demand access to earned income for employees.

What is Cashout?

Cashout is an earned wage access and financial wellness platform. It integrates with employers' payroll systems to give employees on-demand access to the money they've already earned before payday. This helps employees avoid overdraft fees, payday loans, and other expensive options when they have a financial shortfall.

Cashout uses aggregated payroll data and proprietary risk algorithms to assess affordability and provide responsible earned wage access limits for each user. Employees simply connect their bank account, and can then withdraw a portion of wages they've already earned but not yet been paid whenever they need access to that money. The funds are transferred directly to the employee's bank account with no fees or interest.

In addition to providing early wage access, Cashout also includes financial wellness features to help employees better manage their money. These include budgeting tools, savings challenges, and personalized financial tips based on spending analysis. The platform aims to promote responsible financial behaviors.

Cashout integrates seamlessly into an organization's HR tech stack through API connections. It provides a white-labeled, mobile-first experience for employees. For employers, Cashout claims to reduce turnover, boost recruitment, and increase productivity by promoting financial security. Leading organizations like Pizza Hut, Kroger, and Under Armour offer Cashout to their workforces.

Cashout Features

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