Digital tipping platform Grazzy has joined with U.S. Bank to offer a prepaid debit card program for hourly employees to easily access tips. Employers enrolled with Grazzy's digital tip service and the prepaid debit card program can issue employees a physical debit card and route tips and wages to the card, enabling access to tipped wages at the end of each shift. Like the Grazzy digital tip service, the U.S. Bank prepaid debit card program helps reduce costs for the employer and provides security and convenience for tipped employees.
The debit cards have banking features like:
- No U.S. Bank fees charged for in-network ATM access
- Mobile app convenience
- No overdraft fees
- FDIC insurance
"This program furthers our mission to improve financial wellness for workers," Courtney White, VP of growth and operations at Grazzy, said in a statement. "Inclusive banking solutions are essential to that mission. With this program, employers can now offer every employee instant access to their digital tips, as well as helping them spend and save in better ways."
The program is also designed to help employers retain employees longer and deliver a better pitch to job seekers. Grazzy and the new prepaid debit cards from U.S. Bank give employees instant access to tip earnings, helping employers deliver flexible pay options without changing their entire payroll structure.
"Direct debit options empower employees to manage their finances more effectively and access their earnings without delay," said Ben Osmond, SVP in treasury and payment solutions at U.S. Bank. "The ability for companies to provide both the Grazzy digital tipping option and the U.S. Bank prepaid debit card solution not only creates convenience and security for employees, but also fosters a more motivated workforce and cost savings for employers."