ONE@Work is a financial application designed to enhance the financial well-being of employees by providing them with flexible and convenient tools to manage their earnings. It offers a unique feature called Instapay, allowing users to receive their net earnings before the official payday. This can be particularly beneficial for covering unexpected expenses, and importantly, it comes with no fees or hidden interest, making it an attractive option for workers seeking immediate financial access.
Another significant aspect of ONE@Work is its ability to track earnings effectively. Users can view their work schedules and have a clear view of how much they will earn for each shift and paycheck. This feature eliminates the uncertainty that often comes with paycheck calculations, allowing employees to plan their finances more accurately and with less stress.
Moreover, ONE@Work encourages savings through its automated savings feature. Users can select a percentage of their paycheck to save automatically, helping them to build their savings effortlessly over time. This functionality supports users in establishing a disciplined saving habit without requiring ongoing effort to set aside funds manually.
The app also simplifies budgeting for users by allowing them to connect their bank accounts. With this integration, ONE@Work can assist in calculating how much money is available to spend, which can be extremely helpful for maintaining a balanced budget. This budgeting tool is particularly valuable for individuals who may struggle with managing their finances effectively.
It is important to note that ONE@Work is offered exclusively as a benefit provided by employers, making it accessible only to those whose companies have configured the service within the app. Additionally, while Instapay is a key feature, it is not available for Walmart associates in New York. Overall, ONE@Work provides a comprehensive suite of financial tools aimed at improving financial literacy and helping employees achieve their financial goals.