Branch offers a mobile digital wallet for working Americans. An on-demand hub that helps them meet their everyday financial needs, our app allows any employee to receive money, manage their cash flow, and spend anywhere – all from their smartphone.
Over the past few years, on-demand pay options like earned wage access (EWA) have become essential to offer employees. With EWA, employees can access a portion of their earned wages ahead of payday. This helps people cover unexpected bills, avoid overdraft fees, and improve cash flow between paychecks. And for your business, faster access to payments can be your greatest asset in attracting and retaining talent.
But not all EWA vendors are created equally. Some providers only offer EWA; others come with different financial wellness offerings. They vary in their cost structure, their customer support, and the employee experience they provide.
The purpose of this guide is to provide key questions to ask in a request for proposal (RFP) of EWA vendors. Explore the following sections to help get a sense of what to consider when drawing up an RFP.
