Once an employee opens a spending account, they can start using their card immediately by adding it to their Apple Pay® or Google Pay™ mobile wallet. They can create monthly budgeting goals, have transactions automatically assigned to personalized budgeting categories, and review dynamic spending insights that inform them of their spending habits over time. Once an employee activates their spending card, they can also access financial wellness tools right from their Gusto account. 3 And lastly, with an APY 4 of 1.00%, employees earn interest on the money kept in their spending account. 2 They can also receive incoming ACH deposits (like tax refunds), set up bill pay, link external bank accounts to transfer funds in and out, and even transfer funds instantly from their spending account to one of their personal debit cards. If an employee chooses to set up direct deposit to their spending account, they can get paid up to 2 days faster. The spending account works like a traditional checking account, but better. The Gusto spending account is an interest-bearing bank account designed to help employees seamlessly connect payday and banking, so they can access their hard-earned wages confidently and quickly.
0 kommentar(er)
