Branch vs. DailyPay
Don’t fall for the risky practices of our competitors. While some EWA providers deal in wage assignment (which is illegal in certain states), Branch’s standard deduction model is aligned with state-by-state regulations. Bonus: Our EWA is free and easy to use.
Make the Comparison for Yourself.
| Branch | Dailypay | |
|---|---|---|
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| Free for employers & employees | ||
| No need to switch direct deposit | ||
| Complies with state laws regarding direct deposit | ||
| 24/7 customer support | ||
| 90-second onboarding for employees | ||
Branch
Short pricing description goes here.
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Free for employers & employees
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No need to switch direct deposit
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Complies with state laws regarding direct deposit
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24/7 customer support
-
90-second onboarding for employees
Dailypay
Short pricing description goes here.
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Free for employers & employees
-
No need to switch direct deposit
-
Complies with state laws regarding direct deposit
-
24/7 customer support
-
90-second onboarding for employees
Send me the Branch EWA 2-Page Overview Doc
Free EWA with more ease
Branch is the free, easy-to-use, trusted solution for earned wage access. With Branch, you don’t have to make employees switch their direct deposit or route their entire paycheck through us to receive advances. Plus, we only move the amount they want to advance (up to 50% of their upcoming check), not their entire paycheck each paycycle. These guardrails means less risk for everyone involved and less time you could be spending putting out payroll fires.
Instead of putting your employees’ entire paycheck into the hands of a third-party, our EWA advances go into an account in the name of your employee, where they can choose to keep their money or easily transfer to other accounts. Compared with some companies who deal in wage assignment, our standard payroll deduction model and responsible-use guardrails make us the more reliable choice.
Designed For Responsible Use
Our model is set up so employees treat this offering responsibly. We allow them to take up to 50% of their earned wages ahead of time if needed, but you get to set the limits. These guardrails help encourage responsible use, and keep you and your employees financially safe.
No Pre-funding, Escrow, or Third-Party Risk
Unlike other EWA providers, we use our capital to grant your employees their earned wages—you don’t have to. There’s no pre-funding or escrow required on your end and no need to take the risk of creating a third party account to put employee paychecks in.
The Original Free Provider
Because we believe in improving the financial wellness of working Americans, workers don’t need to pay fees to access the money they’ve earned. This includes free ATM access within the Allpoint Network, zero overdraft fees, management fees, inactivity fees, or minimum balance requirements.
Easy to Use
Branch is easy to implement for both you and your employees. Employees can get onboarded in just 90 seconds, and on average, customers spend just 10 minutes a week on EWA.
FAQs
Q.
How much does this cost?
Branch is free for you and your employees. We charge zero fees to access funds, including zero overdraft fees, management fees, and inactivity fees, and there are no minimum balance requirements.
Q.
Are you available in all 50 states?
Yes, we are! The way we set up our direct deposit pullback does vary slightly depending on which state you are in. We stay up to date with all the latest state regulations to make sure we tailor our approach to your specific state regulations.
Q.
Will my employees overuse this feature?
We’ve found that it’s not the same employees using this feature from one pay cycle to the next, indicating that they use it for specific unexpected expenses, like a medical bill or car repair. Plus, since they are only accessing wages they’ve already earned (and Branch is responsible for providing this capital); you don’t take on unnecessary risk. We also have guardrails in place (detailed in the next question) that prevent your employees from advancing more than 50% of their upcoming paycheck.
Q.
How much control do I have over EWA frequency and amount?
You can allow a maximum access of up to 50% earnings, but you can set a lower amount if you want. The average employee only takes about $70 ahead of payday, indicating EWA truly does go to needed expenditures and emergencies.
Q.
The Consumer Financial Protection Bureau (CFPB) recently outlined how EWA providers must work with employers. Do you follow these guidelines?
Yes, our employer-based EWA business model aligns well with the CFPB's advisory opinion. We recover the amount of each EWA transaction through an employer-facilitated payroll deduction from the employees’ paycheck.
"Our biggest reason for going with Branch was the lack of fees. I looked at a lot of different paycard type solutions, and there are some ridiculous fees. If you breathe on your card, there's a fee, and we didn't feel that was fair to our team members."
Keith Mungo
New River Valley Domino’s
Branch is used by hundreds of employers across industries to save time & pay employees fast.
