From NBCUniversal:

Different services allow employees and workers to access earned wages before payday at the cost of higher fees. Programs have become increasingly popular but share characteristics with predatory lending. Many large companies now offer this benefit to employees, but experts warn of the potential costs and risks that can accumulate for frequent users. Some models may be more risky and add even more costs due to tipping and subscription fees.



Read more: Why one expert called earned wage access ‘payday lending on steroids’