The plight of low- to moderate-income workers feels something akin to drowning—drowning under the debt and fee traps, payday loan payments, and the slew of other predatory financial services. True health, job satisfaction, and integrity are nonexistent living with financial stress.
Through a holistic financial wellness platform specially designed for those who are pushed to the margins, PayActiv prevents and relieves employee financial stress at the root cause—their unmet financial needs between paychecks. The security of knowing they can access money if the need arises changes how a person lives their life. They’re able to breathe, manage their finances, and focus on life and work—an effective change leading to long-term financial health.
We’ve mentioned the adverse effects financial stress has on mental and physical health before—digestive tract issues, increased rate of heart attacks, makes those who suffer prone to depression, PTSD-like symptoms for 1 in 4 Americans, and so on. PayActiv eradicates the root cause of these stress-induced physical and mental illnesses. Through PayActiv’s real-time access to earned wages, employee stress levels are drastically reduced from the onset of their newfound financial empowerment. In turn, this financial backup promotes employee wellness.
When imminent financial stress, anxiety, and worry is removed, employees can succeed in the workplace and find meaning in their day-to-day lives. Companies who provide financial wellness benefits also showcase their commitment to employee well-being, thereby increasing trust between employer and employee. PayActiv’s platform acts as the catalyst to accomplish this with ease. The financial obstacles that were once blocking employees from realizing their full potential are eliminated, creating a space where they can focus on their passions and careers.
The holistic nature of the PayActiv platform acts not only as a solution to employees’ in the moment small-dollar needs, but our program is also a preventative measure so they can avoid financial stress in the future. Employees are then able to better manage their finances and handle emergencies with profound financial independence. Whether employees need to set up automatic bill pay to avoid late fees, utilize our earned wage access tool whenever they need it, or simply begin saving for their financial goals, they’re able to accomplish it all with PayActiv.
The PayActiv vision is to bring financial security, dignity, and savings to the millions living in financial stress. We equip employees with the right tools and offer a proven vehicle to cultivate financial health, creating empowered, financially well human beings who advance and thrive.
Contact PayActiv and obtain the best way to improve employee financial health today.
In fact, a study found that only one in five (21%) employees would describe...
Debt has become an American way of life Most people of all ages and from all...
*The Payactiv Visa Prepaid Card is issued by Central Bank of Kansas City, Member FDIC, pursuant to a license from Visa U.S.A. Inc. Certain fees, terms, and conditions are associated with the approval, maintenance, and use of the Card. You should consult your Cardholder Agreement and the Fee Schedule at payactiv.com/card411. If you have questions regarding the Card or such fees, terms, and conditions, you can contact us toll-free at 877-747-5862, 24 hours a day, 7 days a week.
1 Many (but not all) employers, government benefits providers, and other originators send direct deposits early with an effective of 1-2 days later. Beginning with your second direct deposit of at least $5 from the same source, Central Bank of Kansas City (CBKC) will post the funds to your Payactiv Visa Card when we receive it, rather than on the effective date. This may result in your having access to the funds sooner. The date CBKC receives your direct deposit and the effective date are controlled by the originator.