Fingercheck's Pay On-Demand offers employees the ability to control payday. No more waiting for scheduled paychecks. Now, employees can access their earned wages when they want and need them most. Fingercheck will advance the funds to your employees. It won’t affect your cash flow. Pay-on-Demand is an excellent alternative to high-interest loans and can help boost employee engagement and morale.
In this article, you will learn about:
How to enable Pay On-Demand
As an administrator, you must enable the Pay On-Demand (POD) feature for your employees if you want them to access the feature. POD doesn’t add any work to your payroll administers—all calculations are adjusted automatically. Your employees may request up to 50% of their earned wages for the current pay period as POD. All customers are eligible to sign up after three months with Fingercheck.
Once POD is activated in your account, your employees can request POD and you can approve or deny the employee’s POD request. Fingercheck will advance the funds to your employees, so cash flow won't be affected. There is no monthly cost for the service: note a $2.99 fee for each approved request will be applied once payroll is processed.
The Pay On-Demand will appear as a deduction on the employee’s upcoming normal paycheck. You can customize the POD feature such as notifying a supervisor of the request or automatically approving all requests. POD enables employees to access earned wages anytime and provides peace of mind in the event of an unexpected expense.
How to approve Pay On-Demand requests
Fingercheck allows you to auto-approve all POD requests or approve them on a case-by-case basis. If you choose to accept each request individually, you will get email notifications and alerts in the app.
Log in to Fingercheck as an Administrator.
Click the PAY ON-DEMAND tab.
To approve enrollment requests, click the Approve button for the employee under the Pending Enrollment Approvals section.
To approve payment requests, click the Approve button for the employee under the Pending Payment Approvals section.
Once you approve the POD request the employee will receive an email notification. If the employee uses a pay card, the funds are deposited within 30 minutes. If the employee uses direct deposit, the funds are deposited the next business day.
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