Who says every day can’t be Friday?

Get instant, no-fee access to your money with on-demand pay transfers to the Friday by DailyPayTM Visa® Prepaid Card

We’re thrilled to announce our newest on-demand pay option – Friday by DailyPayTM – a prepaid card and app that provides employees with instant access to 100% of their available pay for no-fee with on-demand pay transfers.1

Additionally, using Friday, earnings and spending are displayed in one place, making it easy to financially plan for the future. With Friday, employees have better control of their finances and can efficiently plan for the future, but even more, they’re equipped with a tool that can help them instantly turn life’s inconvenient moments – like an unpaid bill or empty gas tank – into moments of relief and joy.

Now your employees can truly make any day Friday by getting their money, when they need it.

Power of Partnership: The Prepaid Card and App

The prepaid card was an innovation driven by the pay phone. True story.

Full of coins, payphones were targets of vandalism and theft as they were essentially piggy banks on street corners. To solve this problem, the prepaid phone card was invented in 1975 to eliminate the need for coins. Now with a prepaid card, a potential caller didn’t have to worry about a broken coin slot, and the payphone manufacturers could worry less about vandalism.

The prepaid phone card quickly evolved into several products, including the general purpose reloadable (GPR) card. And that brings us to the latest evolution of the GPR card, Friday by DailyPay, which combines an app and card to provide no-fee, instant access to on-demand pay transfers.1

The new app and Visa card work seamlessly with a DailyPay account while also providing several new features that expand the benefits of on-demand pay for both employees and employers.

Benefits for Employees

Friday empowers employees with access to their earned pay, and they don’t need an existing bank account to sign up. They can simply create an account and choose to have their direct deposit routed to the Friday Card, unlocking their earned pay, at no-fee1 (it’s not a typo) with on-demand instant transfers, without having to wait for payday. The card can be used everywhere Visa debit cards are accepted. No hidden fees,2 no maintenance fees, no inactivity fees and no minimum balance is required. It also provides employees with no-fee2 (also not a typo) access to 55,000+ in-network ATMs through the Allpoint® Network.

By combining on-demand pay with the convenience of a GPR card, Friday empowers employees with increased visibility and control over their finances.

Employees are able to see their available earnings balance and spending in one, easy to use application. They control their finances because they are able to get 100% of their DailyPay Balance before payday.

What are people doing with this increased visibility and control?

According to DailyPay user data, most people are monitoring their DailyPay Balance, so they know how much will be available at payday. It’s giving them an easy way to align their financial resources with their personal and family needs.

Groceries, gas and vehicle repairs are the main items that people invest in. By removing the constraint of payday cycles, people get greater control over their finances in a way that enables them to make better financial decisions.

The ability to make different decisions empowers people to avoid expensive payday loans or overdraft fees, and enables them to do things like pay the electricity bill on time, avoiding an additional set of expenses to have it turned back on.

Getting started:

Getting started with Friday by DailyPay is also very easy so employees can quickly begin to see the benefits:

  1. Download the Friday app from the App Store or Google Play store.
  2. Sign up for a DailyPay account through the Friday app. If already a DailyPay account holder, just connect Friday to your DailyPay account through the Friday app.
  3. Sign up for the Friday Card.3 The digital version will be available immediately.
  4. Add the digital Friday Card to your wallet. Once shipped, the physical card will arrive in the mail in 5-7 business days.
  5. Activate your physical card.
  6. Friday is ready to use.

Benefits for Employers

DailyPay offers Friday directly to employees and manages the entire relationship with Friday cardholders. There is nothing for employers to do.

That said, there can be operational benefits for employers when employees sign up for the Friday Card and elect to have their direct deposit routed to it – there’s no need for paper checks or other costs associated with supporting unbanked/underbanked employees, which saves the payroll team time and money.

But the real value to employers isn’t the lack of additional work or the potential for cost reductions. It’s the financial wellness gained by employees. With on-demand pay, people make better financial decisions for their future. These employees become more loyal. The research shows that 95%4 of employees would be interested in working for a company that offers on-demand pay, and on-demand pay has helped companies increase tenure by up to 73%.5

In today’s ultra competitive environment for talent, this type of edge can make all the difference between becoming an employer of choice and having a tough year.

  • What is Friday by DailyPay?

    Friday by DailyPay is a Visa® Prepaid Card that provides users with no-fee, instant on-demand pay.1

    With Friday, you have access to a mobile banking platform to manage your money smarter when on a budget, without hidden fees2. You can see your earnings and purchases all in one place in the Friday mobile app. 

    The Friday Card can also be used to access ATMs, load cash and withdraw money, and make online or in-store purchases anywhere Visa® debit cards are accepted.

    DailyPay is a financial technology company, not a bank. Banking services are provided by The Bancorp Bank, Member FDIC.

  • Do I need a bank account?

    The Friday by DailyPay™ Visa® Prepaid Card is issued by The Bancorp Bank, N.A., Member FDIC, pursuant to a license from Visa U.S.A. Inc. You do not need a separate bank account to sign up for the Friday Card.

  • Does Friday by DailyPay have transfer fees?

    As a product dedicated to providing you maximum control of your finances, the Friday Card omits hidden fees.2

    With the Friday Card, enjoy:

    • No minimum balance requirement
    • No monthly fee
    • No in-network ATM fees through Allpoint ATMs
    • No domestic purchase fees
    • No customer service fees
    • No overdraft fees (the card is a prepaid card and does not offer overdraft protection, or access to unearned wages/credit features/loans)

    You can also access instant, no-fee on-demand pay when you set your paycheck to deposit to your Friday Card in the Friday mobile app and make your instant transfers to the Friday Card.

    DailyPay is a financial technology company, not a bank. Banking services are provided by The Bancorp Bank, Member FDIC.

  • Who can use Friday by DailyPay?

    Friday is currently being rolled out only to those who are enrolled in DailyPay. Eligibility for DailyPay is determined by whether or not your company offers DailyPay’s on-demand pay solution as a benefit to its employees. If you’re not sure if your company offers DailyPay, check with your company’s HR or Payroll department.

    You must be at least 18 years old and a resident of the United States in order to open a Friday Card.

All information herein is for educational purposes only and should not be relied upon for any other use. The information herein does not constitute the rendering of professional advice by DailyPay. DailyPay does not warrant the completeness or accuracy of any information provided to you.

The Friday by DailyPay™ Visa® Prepaid Card is issued by The Bancorp Bank, N.A., Member FDIC, pursuant to a license from Visa U.S.A. Inc. and can be used everywhere Visa debit cards are accepted.

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