Homebase Cash Out

[Pages:2]Homebase Cash Out

A free benefit for your team in the Homebase app.

Your employees can access a portion of their earned wages before their next payday, to help them:

Cover unexpected expenses Prevent overdraft fees Avoid payday loans

"I recently depleted my savings after purchasing car insurance since I need to drive to work. I hate being late for any payments, so I've used Cash Out a ton to help me make sure I pay my bills on time. CASH OUT USER

Easy for your team

No credit checks No late fees No interest Not a payday loan Set up in minutes

Easy for you No cost to you No employer liability No changes to payroll No approvals Nothing to set up

cashout@ |

How it works

1

2

3

4

Finish shifts

Once your employee has worked enough hours during the pay

period, they can access Cash Out in the Homebase app.

Connect bank

Your employee securely connects the bank account where

they get direct deposit paychecks.

Select Cash Out

Employees can select how much to cash out

and how quickly to receive it. Fees apply

for instant Cash Outs.

Receive cash

The Cash Out is sent directly to their bank

account. On their next payday,

Homebase collects the cash out back from their account.

Some questions you might have...

Does Cash Out change how I run payroll?

No. When an employee requests a Cash Out, the money is sent from Homebase to the employee. When the employee gets their next direct deposited paycheck, they pay back Homebase directly. You don't have to change any processes or do anything differently.

What happens if employees can't pay it back?

Your employee won't be able to cash out again until their previous Cash Out is repaid. Employers are NOT responsible or liable for anything.

Isn't this just a payday loan?

No. Cash Out does not have interest or late fees, which occur with a payday loan. If employees are unable to pay back the Cash Out, Homebase won't engage in debt collection activities, sell the cash out amount to a third party, or report the nonpayment to a credit bureau.

Is this really free for me as the employer?

Yes. No long explanation required.

What if my employee doesn't have direct deposit?

Cash Out requires employees be paid via direct deposit.

How much do you advance?

We allow employees to access a portion of their expected paycheck. We leave room for taxes and deductions so employees can have money coming on payday even after they pay back their Cash Out.

Can all of my employees access this benefit?

We do our best to make this available to all eligible employees during a pay period. However, employees may be ineligible at times, for example, if they have not worked enough hours or if we cannot connect to or detect direct deposits in their bank account.

What if my employees have questions?

We have a lot of information in our Support Center.

How can I learn more?

Scan the QR code or check out our FAQ

cashout@ |

 ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download