Imagine how your life would change if you could access the money you’d earned, almost as soon as you earned it.
Most employers pay their employees on a schedule that works for their calendar and objectives. By paying their staff all at once, on a predetermined day, they are managing their cashflow. But if you could access your earnings almost as soon as you earned them, you’d have better control of your cashflow and the ability to pay bills, pay for emergency purchases – and not incur loan or overdraft fees. You could also save, or even invest in something that will start making you more money. Everyone deserves opportunities to get ahead, especially with the money they’ve already earned! The solution is known as a paycheck advance, which is early access to your earned wages. You may see this referred to as “On-Demand Pay” on our platform.
How On-Demand Pay works
As a partner associated with Fortuna, your employer’s payroll cycle is synced with our platform. That makes it easy to get on-demand access to your earned wages from your employer through Fortuna, because you can request early pay from us as soon as your shift has been reported. You’ll automatically be able to repay your advance on your next payday.
Here’s an example of how on-demand pay could work for you:
Day 1 – You work an 8-hour shift and report it in your timesheet. Once your hours have been approved by your employer and the time has been submitted to Fortuna, you can request how much of your pay you’d like to take in advance of payday directly in the Fortuna Digital Banking app.
Day 2 – You’ll have your requested funds available to you before payday.
What’s more, when you direct deposit your regular payday paycheck into your Fortuna account, you could receive it up to 2 days before your actual payday!
At this time, any paycheck advances will also be automatically repaid before the remainder of your paycheck is deposited into your Fortuna account.
At Fortuna, we believe employees should be paid as quickly as possible, because we know every dollar AND every day counts.
How much of my paycheck can I get before payday?
The amount of your paycheck you can take before payday depends on how much time you’ve worked, and your history with your employer and with Fortuna. The longer you’ve been employed by the same company and the longer you’ve been active with Fortuna will determine how much money you will have access to before payday.
You’ll be able to take out at least one paycheck advance before every pay period, in addition to being paid your full paycheck up to 2 days early.
What makes Fortuna one of the best on-demand pay apps and online banks in America is the opportunity it offers to take what you’ve earned, almost as soon as you’ve earned it. And did we mention it’s free to sign up?
There are also additional benefits to signing up, such as credit score viewing, ability to earn interest on your Fortuna account balance and financial education resources (coming soon!) that are exclusive to Fortuna customers.
Here’s how to get started with Fortuna:
There are only 3 easy steps to accessing paycheck advances or start an online bank account:
- Sign up for a Fortuna account online
- Download the Fortuna Digital Banking app
- Start accessing your wages on your schedule, on-demand! If you signed up for the All-in-One account, you’ll also start earning 3.00% APY on your account balance right away.
Here’s more detail on each step, below.
Step 1- Sign up for a Fortuna account online
Enter your information on our registration page, including your employer details. We’ll need to know who your employer is so we can verify your employment and your identity – for security purposes of course. Rest assured we’ve got the highest security certifications available to keep your data safe.
Step 2 - Download the Fortuna Digital Banking app
You can access the Fortuna app on the App Store or on Google Play.
Step 3 - Start accessing your earned wages, on-demand, before payday!
Once you’ve logged in, you’ll be able to request you pay before payday as long as your shift has ended and has been approved by your employer. Check your app regularly to see if any new wages have accrued.
As always, we’re available to support you along the way. Please reach out to us at support@myfortuna.com or 1-888 463-3001 should you have any questions.
