Wagestream

Instant access to earned wages

Wagestream

Instant access to earned wages

Wagestream allows employees to access a percentage of their wages as they are earned, and pay them straight into their bank account. They can also stream their salary directly into a savings account, and access financial education all through Wagestream’s app. There are no loans, no credit and no interest rates – just better financial health and wellbeing.
Wagestream was founded as a force for social good. It aims to play a key role in reducing the poverty premium and prevent employees entering cycles of debt caused by overdraft fees, high-interest credit or payday loans.
It partners with social impact charities such as the Joseph Rowntree Foundation, Big Society Capital, and the Barrow Cadbury Trust.

Key benefits

  • Staff can access a percentage of their wages as they are earned – before pay day
  • No need for staff to rely on expensive payday loans to get them through difficult periods
  • No loans, no credit, and no interest rates: staff pay a small transaction fee each time they use the service
  • App also includes advice on financial wellbeing, to help staff make smarter spending and saving decisions in the future
  • Option for staff to save wages too, setting saving goals in the app
  • Offering instant access to wages has been found to increase employee loyalty and productivity
  • Technology sits safely and securely between your finance operations and staff bank accounts; there are no setup costs
Proven Results
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Testimonial

Totaljobs“We hope that by alleviating some of the stress a monthly pay cycle can induce, we’ll be able to offer all of our employees, longstanding or new, a rewarding career with Roadchef.”

Learn more about the CIPHR Connect platform and available integrations, including Wagestream

More information on the available integrations can be found in the CIPHR Connect brochure.

Download CIPHR Connect brochure
Download brochure
CIPHR Connect brochure

Want to find out more?

To arrange a demo of Wagestream, contact info@ciphr.com or call 01628 814 242.