Pay On-Demand (POD) gives employees access to their earned funds before payday. Once activated, Fingercheck advances the funds, with no impact on your company’s cash flow. Once eligible and approved, you will be able to offer this great benefit to your employees!
How to request POD
When you select the Pay On-Demand toggle in the Setup Assistant or apply for Pay On-Demand in the Dashboard, it signals interest in the feature. It does not mean you’ve been approved yet. Eligibility is determined by your payroll processing history and funding type. Fingercheck will review your application and decide whether you are eligible. POD applications are commonly approved. The primary step in the application process is to determine credit limits.
Eligibility requirements
To qualify for Pay On-Demand:
You must run at least two successful payrolls funded via ACH/draft.
These payrolls must clear without issues.Wire-funded accounts are not eligible.
Only clients using ACH/draft funding can be approved.
Once these conditions are met, Fingercheck will automatically review your account.
What happens after you're eligible
First, you'll receive an application confirmation email, letting you know we received it.
Then, you'll receive an updated status notification once your account is reviewed.
Once approved, navigate back to Pay On-Demand to review your settings and sign the Terms & Conditions. Once you sign, Pay On-Demand is now enabled for your company!
FAQ
What is Pay On-Demand?
Pay On-Demand is a feature that allows employees to access a portion of their earned funds before their scheduled payday.
Is Pay On-Demand considered a loan?
No, it’s not a loan. Employees are accessing money they’ve already earned. There’s no credit check, interest, or debt collection.
How does my company benefit?
Offering POD helps attract and retain talent, reduces financial stress for employees, and costs you nothing to offer. Fingercheck covers the advance.
How do my employees benefit?
Employees get financial flexibility and peace of mind—whether for an unexpected bill or everyday expenses—without waiting for payday.
How much does it cost?
There is no cost for the service itself, only a cost to use it. There is a transaction fee of $2.99 that the employee commonly pays. You have the option to cover this fee for the employee if you choose to offer this as a benefit. If employees pay the fee per transaction, this is clearly stated before they request funds.
How much can my employee request through Pay On-Demand?
Employees can access up to a set percentage of their earned funds for the current pay period, up to a maximum per pay period, and up to $200 per transaction. The set percentage is most commonly 50% of unearned wages. The maximum amount for the employee per pay period varies for each customer.
How do employees receive the funds? Do I front the funds and receive them back later?
Employees receive the money via their preferred payout method. This can be via ACH direct deposit or on their Fingercheck PayCard.
You do not front the money—Fingercheck advances the funds and handles repayment automatically during the next payroll run.
How does this affect withholding taxes and deductions?
There’s no change. Taxes and deductions are calculated and withheld during your regular payroll run, just like always. The reason wages are limited to a set percentage is to ensure there are enough funds to still cover taxes and deductions.
How long does it take to receive early access to pay?
Once your company is approved, employees can request access and receive funds quickly.
If the employee uses the Fingercheck PayCard, they will receive their funds in as little as 15 minutes.
If the employee selects direct deposit, they will receive their funds on the next business day as long as the POD transaction is approved by 8:45 p.m. (EST).
Are there any states where Pay On-Demand is not available?
Employees living in Wisconsin, Connecticut, and Nevada are ineligible for POD.
What are the terms and conditions for Pay On-Demand?
You can review and download the terms and conditions here.