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NEW YORK, NY, UNITED STATES, September 19, 2024 /EINPresswire.com/ — DailyPay continues to innovate its award-winning worktech platform with a new feature that will help users on their path to financial stability.
The new Savings feature will be added to the newly branded DailyPay Visa® Prepaid Card and provide users with an opportunity to create savings goals and set aside money as they earn it.
DailyPay Visa Card is a general purpose reloadable card that allows DailyPay users instant earned wage access for no fee* if they update their direct deposit to the card.
According to the Federal Reserve, about 19% of Americans are considered to be ‘unbanked’ or underbanked (defined as those who have a bank account but also use alternative financial services such as payday loans, money orders, or check cashing).
The DailyPay Visa Card was designed with flexibility in mind, offering the benefits of banking without hidden fees, no minimum balance requirement, and no maintenance fees.† DailyPay is a financial technology company, not a bank. Banking services are provided by The Bancorp Bank, N.A., Member FDIC.
The new Savings feature marks the first savings product attached specifically to the newly branded DailyPay Visa Card and provides a
