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What are the different types of earned wage access?
Rounding it up
Earned Wage Access (EWA) can help you pay bills and make ends meet if your pay cycle and bill cycle don’t exactly match.
Employers can offer EWA programs, usually through a third-party company.
KOHO offers an EWA program as well, called Instant Pay. With it, you can access up to 50% of your daily pay on a daily basis.
If signing up for an EWA plan, make sure you’re aware of any associated fees and how the provider will deliver your money. Plus, remember to budget accordingly.
Dan Bucherer
Dan is a runner and writer living in the Washington, D.C. area, where he currently works for a financial services trade association as the Communications Director.
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