Anytime access to pay — it’s what your employees want.
Waiting for payday isn’t always an option. But now, employees can access their wages early and hassle-free — whenever they need it. Because when money moves faster, life gets easier.
Getting paid is good. Empowering capital management? Better.
Chime pioneered early wage access — and we’re still leading the way.
But employees need more than just Earned Wage Access. When paired with a full suite of financial tools and ways to manage their capital, like early paycheck delivery and smarter planning — employees can navigate their pay cycle with confidence and stability, without relying on stopgap solutions.
It’s not paycheck stretching, it’s capital management.
Employees can anticipate expenses and tackle bills up to two days earlier than their friends with direct deposit.1
Immediate payroll recognition
Employees can anticipate expenses and tackle bills up to two days earlier than their friends with direct deposit.1
So that life can keep moving ahead, employees have a layer of protection and spending power, fee-free.2
No overdraft fees
So that life can keep moving ahead, employees have a layer of protection and spending power, fee-free.2
Money in one place and bills in another? No worries. Employees can move funds between accounts.
Plan ahead funds access
Money in one place and bills in another? No worries. Employees can move funds between accounts.
When needed, employees can draw from their earned wages to meet some of life’s unexpected moments.
Early funds access
When needed, employees can draw from their earned wages to meet some of life’s unexpected moments.
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What is Earned Wage Access?
Earned Wage Access (EWA) allows employees to access their earned wages before payday, providing financial flexibility and reducing reliance on high-interest loans.
However, in 2024, the Consumer Financial Protection Bureau (CFPB) proposed legislation ensuring EWA services become completely free for employees, reinforcing its role as a critical tool for promoting financial wellness and stability in the modern workforce.
Currently, many legacy EWA providers claim that they’re free, yet charge transaction or subscription fees for employees to access their funds.
Access to Earned Wages is going No-Fee
In a consumer-driven world, employees are dictating when and where they want their pay through the popularization of Earned Wage Access (EWA), also known as on-demand pay.
While many legacy employer-integrated earned wage access models promise a “no-fee” benefit for employers, employees often end up footing the bill through hidden costs like transaction fees or subscriptions. We predict no-fee EWA becomes the market standard.
Earned Wage Access Platform
Earned wage access allows employees to receive a portion of their earned pay before their scheduled payday, providing financial flexibility and reducing reliance on payday loans or credit cards. It can serve as a standalone solution or a key element of a broader financial wellness program.
This supports immediate cash flow needs and complements tools like savings features, budgeting resources and financial education. Earned wage access platforms empower employees to manage their finances proactively, improving financial stability and reducing stress, without requiring program bundling.
Earned Wage Access App for Employees
An earned wage access app allows employees to access a portion of their earned wages before payday, providing greater financial flexibility.
These apps are user-friendly, mobile-accessible, and designed to simplify the process of earned wage access, often including additional tools like savings and budgeting features.
Earned Wage Access Laws and Regulations
Earned Wage Access (EWA) is becoming increasingly regulated to ensure transparency and consumer protection. In 2024, the Consumer Financial Protection Bureau (CFPB) proposed legislation requiring EWA services to be completely free for employees, eliminating fees and hidden costs. These regulations aim to standardize practices, prevent predatory behavior, and protect users from financial harm.
Emerging state-level guidelines also focus on data privacy, compliance with labor laws, and ensuring earned wage access programs provide genuine financial benefits to workers.
Chime works within applicable federal and state laws to achieve a high standard of consumer protection that’s in the best interests of our members.