What employers need to know about InstaPay via Money

Overview

Financial wellness is important, and your employees can avoid high-interest credit products and stay in control of their finances with access to InstaPay. Whether they need to pay an unexpected bill, top up mortgage payments, use it for investments, or for savings. This feature can be a benefit available to boost your EVP.

If your organisation and employees qualify to use InstaPay, your employees can access part of their already-earned wages without needing to wait for pay day and without credit, interest, or stress. There is no interest or hidden costs, just one small fixed fee*.

What benefit is there to my employees using InstaPay? 

Learn more about InstaPay here and why employees use it.

How does it work?

Learn how an employee can set up an InstaPay request here.

Does this impact me as their manager?

If an employee uses InstaPay, your Payroll admin will need to know how to view, process, and report on the deduction. Click here for a step-by-step guide. For more information, please read our frequently asked questions.

*InstaPay is not a credit product, and there are no related interest charges. InstaPay fees are $3 per withdrawal into a Hero Wallet and $4 per withdrawal into an external bank account.

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