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By Nikolas Wright

An software that offers workers access that is early earned but unpaid wages, has raised $20 million in a Series B investment round.

The application is an easy method for companies to give employees with a substitute for expensive payday loans. It can also help employees avoid overdrafting records or bouncing checks (together with matching charges). Basically, the application allows you are taking a paycheck advance from your own boss rather than looking at a loan provider.

By partnering with monetary technology organizations providing comparable services, companies are assisting their staff avoid lenders that are predatory. an average use instance of these apps: state a worker requires cash today, nevertheless they don’t receives a commission until Friday. (more…)

A few minutes conversing with their friendly neighborhood teller – or, these days, even just snapping a photo of the check with their phone for the vast majority of American households, cashing a check is often (but not always) as simple as going down to their bank and spending. For those of you with what the FDIC terms “unbanked” households, nevertheless, transforming that bit of paper into spendable money can be a little more plicated and expensive.

How exactly to Cash a Check Without Spending Big Costs

Always always Check cashing services typically e having a charge, and therefore cost could be very costly, according to the pany. Any sum of money compensated is clearly less cash in your wallet. (more…)