Earned Wage Access SaaS for financial institutions

Earned Wage Access Software-as-a-Service

for financial institutions

We offer a Software-as-a-Service (SaaS) to financial institutions that automates Earned Wage Access (EWA) for employees of select employers.

Thanks to AcceleWage, financial institutions can acquire new clients at low cost, increase paycheck deposits and revenues and at the same time contribute to the financial wellness of workers in their communities.

About

More and more US employers partner with EWA providers to offer their employees the possibility to request their earned wages before payday. EWA is in very high demand amongst employers and their employees and has been very resilient during the COVID-19 crisis as it is a low-risk business repaid through payroll deductions.

EWA providers offer debit cards and checking accounts to employees and have been able to attract billions of dollars of paycheck deposits from employees. As a result, financial institutions are losing customers and revenues to EWA providers and other digital banks offering early pay features to their customers.

Thanks to AcceleWage, financial institutions can offer more competitive EWA solutions to employees of select employers as they have: