About company
Instant is an innovative platform designed to provide hard-working employees with instant access to their earned wages, without any fees. It aims to address the need for instant gratification by allowing employees to access their pay whenever they need it, regardless of the present month or their current financial situation. With Instant, employees can avoid the delay typically associated with waiting for their next payday. This service is particularly valuable for those who require instant cash for urgent needs or unexpected expenses. Instant offers a convenient app interface, allowing users to request their earned wages with just a few simple words or clicks. The platform's instantaneous processing ensures that users can receive their funds in a matter of moments, providing instant warmth in times of financial need. By providing this instant hit of financial relief, Instant helps users navigate through life's unexpected events with greater ease and flexibility.
Key features
- Early Access to Earned Wages. Instant allows users to access their earned wages before their scheduled payday, providing financial flexibility to address immediate needs or emergencies.
- Fee-Free Approach to Earned Wage Access. Instant does not charge any fees for accessing earned wages early, ensuring that employees receive their full pay without deductions or additional costs.
- Free Mobile App. Instant offers a user-friendly mobile app that allows employees to conveniently access their earned wages anytime, anywhere. The app provides a seamless experience for requesting early wage access and managing financial transactions.
- Employer Integration. To access their wages early through Instant, employees must have employers who are partnered with the platform. This integration ensures that the service is available to a wide range of workers and industries, providing equal access to financial resources.
Pros and cons
Pros
Cons
Reliability
Instant has demonstrated reliability, as evidenced by its A+ rating from the Better Business Bureau (BBB). This high rating indicates that the company has met BBB's accreditation standards, including a commitment to resolving customer complaints and maintaining transparency in business practices. The A+ rating suggests that Instant has a track record of providing reliable services and maintaining positive customer relationships.
Products
Instant Pay
Instant Pay is a fee-free benefit offered by Instant, providing users with the flexibility to access up to half of their pay after every day they work. With Instant Pay, users can receive a notification on their phone after completing their shift, offering them the option to access a portion of their earnings immediately. If accepted, the funds are swiftly added to the user's Instant account, ready for immediate use. This fee-free feature ensures that users can access their earnings without any deductions or additional costs, enhancing the value proposition for employees. To take advantage of Instant Pay, users need to confirm that their employer is set up with Instant and download the Instant app, providing a seamless experience for accessing earned wages quickly and conveniently.
Instant Card
The Instant Visa debit card provides users with instant access to their hard-earned cash as soon as they finish their shift, offering unparalleled convenience. With this card, users can effortlessly access their wages anytime and anywhere, whether it's making purchases, withdrawing cash from over 37,000 surcharge-free ATMs, or transferring funds between bank accounts. Additionally, the Instant Card promotes responsible money management by providing tools to help users save for both short-term and long-term financial goals. With the ability to make purchases anywhere Visa is accepted, access surcharge-free ATMs, transfer wages to a bank account, make online purchases, and pay bills online, the Instant Card offers a comprehensive solution for managing and accessing earnings efficiently. The Instant Visa debit card, including the Instant Payroll Card, is issued by Sutton Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc. This partnership ensures that the card is backed by a reputable financial institution, providing users with added security and reliability when accessing their funds.
Other services offered by Instant
- Instant Tips. Instant Tips enables businesses to pay their employees' tips electronically and securely in real-time, eliminating the need for cash transactions. This service provides convenience and peace of mind for both employers and employees, ensuring that tips are distributed efficiently and securely.
- Instant Miles. Instant Miles provides managers with a transparent record of payments made to employees, specifically for mileage reimbursements or similar expenses. By maintaining a clear trail of payments, Instant Miles helps reduce disputes and fosters trust between employers and employees, ultimately saving time and resources that might otherwise be wasted on resolving discrepancies.
Conditions and requirements
Conditions
- No Fees for Earned Wage Access (EWA). Instant does not charge any fees for accessing earned wages early, ensuring that users receive their full pay without deductions or additional costs.
- Access over 37,000 Surcharge-Free ATMs. Users can conveniently withdraw cash from a vast network of ATMs without incurring additional fees, providing flexibility and accessibility for managing their finances.
- ATM Balance Inquiry. For balance inquiries made at in-network ATMs or off-network ATMs, users may incur either $0 or a fee of $2.75, depending on the location of the ATM.
- Card to Bank Transfer. Users have the option to transfer funds from their Instant Visa debit card to a bank account. Depending on the transfer type (Standard or Real-time), users may incur a fee of $2.75 or $3.50 for each transfer.
- Replacement Card. In the event that a user needs to replace their Instant Visa debit card, a replacement card can be obtained for a fee of $10.00.
Requirements
The eligibility requirements for Instant are not officially specified, but generally, individuals seeking to utilize the service will typically need to meet certain criteria. These may include being of the age of majority, having a job, being a resident of the United States, and having an employer who is partnered with Instant. While specific requirements may vary depending on individual circumstances and jurisdictional regulations, meeting these general criteria is likely necessary to access the benefits of Instant's services.
Network of ATMs
Instant provides users with access to a vast network of over 37,000 surcharge-free ATMs, offering convenience and accessibility for managing their finances. With this extensive ATM network, users can make purchases, withdraw cash, and perform other banking transactions without incurring additional fees. This widespread coverage ensures that users can access their funds easily and conveniently, whether they are making purchases or need cash on the go. Additionally, users can seamlessly move money between bank accounts, further enhancing the flexibility and utility of Instant's ATM network.
Apps like Instant
- Earnin allows users to access their earned wages before payday, similar to Instant. Users can cash out a portion of their earnings based on hours worked, and there are no fees or interest charges. Earnin also offers additional features such as Balance Shield, which helps users avoid overdraft fees.
- Dave is a financial app that provides features like Instant Cash Advances, which allow users to access up to $100 of their upcoming paycheck without any interest or credit check. Dave also offers budgeting tools, automatic savings, and alerts for upcoming bills.
- Brigit is designed to help users avoid overdraft fees and manage their finances more effectively. It offers features like cash advances of up to $250, budgeting tools, and automatic transfers to help users save money and avoid financial stress.
- Current is a mobile banking app that offers features like early access to direct deposits, instant gas hold refunds, and no overdraft fees. Users can also send money to friends and family, deposit checks remotely, and access their accounts through a fee-free network of ATMs.
Editorial opinion
Additional Resources
- Instant Reviews
