DailyPay

DailyPay is an on-demand pay app designed to provide users with immediate access to their earned wages before the scheduled payday. This platform allows employees to manage their finances more effectively by giving them control over when they receive their pay. As users work throughout the week, they accumulate a Pay Balance, which can be withdrawn at any time, offering flexibility in managing financial obligations.

Key features of DailyPay include the ability to transfer funds to various payment methods such as bank accounts, debit cards, prepaid cards, or pay cards. Users receive real-time updates on their Pay Balance and can opt for instant notifications when changes occur. The app ensures security through 256-bit encryption and maintains compliance with PCI standards and SOC II audits.

DailyPay also offers a Visa Prepaid Card option, which allows employees without traditional bank accounts to access their earnings instantly. This card functions like a reloadable debit card, enabling users to make purchases wherever Visa is accepted. It includes features such as no monthly fees, no minimum balance requirements, and no hidden fees, along with no-fee withdrawals at participating ATMs. The card's funds are FDIC insured, providing additional security against unauthorized transactions. Overall, DailyPay aims to enhance financial wellness by providing employees with greater control over their earnings and spending.