How does DailyPay work for employees?

When your employee enrolls in DailyPay and takes their first transfer, they will begin to be paid through DailyPay on subsequent paydays. That is, DailyPay will send remainder pay (final net pay minus any early transfers and fees) directly to your employees on their regular payday. The payment will be sent as an instant transfer and will arrive in their bank account at the usual time on the morning of payday. This payday transfer is free of charge. 

If an employee does not take any transfers for a given pay period, they will receive their full net pay on payday at the normal time. On less frequent occasions, when your employee transfers their full paycheque before payday, there will be no remainder payment on payday. 

Similarly, though even less frequently, if an employee draws more funds during the pay period than what they actually earned, there will also be no remainder payment on payday. In these scenarios, the amount of the overpayment will be corrected in one or more subsequent pay periods. Overpayments are most commonly spurred by retroactive timecard adjustments or new, larger payroll deductions that would unexpectedly reduce an employee’s net pay relative to their gross pay.

Employees can use the “Pay” tab of the DailyPay app to track how much they have transferred from a given paycheque. Additionally, each time a transfer is made, the employee will be shown which paycheque is funding that transfer.