Payroll Cards and Earned Wage Access: Alternative Ways to Get Paid in North America

Report Summary

Payroll Cards and Earned Wage Access: Alternative Ways to Get Paid in North America

Payroll cards and EWA/on-demand pay provide alternative ways for workers to get access to pay.


Francisco Alvarez-Evangelista

February 28, 2023 – North American employers and the banking industry have decades of experience facilitating payments to workers via low-cost, reliable payment systems. However, the percentage of Americans and Canadians struggling to make ends meet is growing in an inflationary, volatile economic environment. Alternative ways to access pay are moving front and center among the workers that need access to their pay—and the employers directly hearing this feedback from their staff.

This report outlines two common North American alternative ways to get paid—payroll cards and earned wage access/on-demand pay. It is based on a Q3 2022 Aite-Novarica Group survey of 250 employees of midsize and large organizations in U.S. or Canada.

Clients of Aite-Novarica Group’s Retail Banking & Payments service can download this report and the corresponding charts.

This report mentions ADP, Amalgamated Bank, Amarillo National Bank, Axos Bank, Banco Popular de Puerto Rico, Bank of America, BBVA, Capitol Federal Savings Bank, Central Bank of Kansas City, Ceridian, Comerica Bank, Commerce Bancshares, DailyPay, Darden Credit Union, Earnin, Evolve Bank & Trust, Federal Deposit Insurance Corporation, First Century Bank, First Covenant Bank, First Financial Bank, First Tennessee Bank, FIS, Fiserv, Four Corners Community Bank, Green Dot, JPMorgan Chase Bank, Key Bank, Metropolitan Commercial Bank, Michigan State Federal Credit Union, MidFirst Bank, Midwest Heritage Bank, Netspend, Onbe, Origin Bank, Pathward, PayActiv, PNC, Regions Bank, Republic Bank & Trust, Republic Bank of Chicago, SchoolsFirst Federal Credit Union, Southern Bank and Trust, Stride Bank, Sunrise Banks, TD Bank, The Bancorp Bank, TransCard, U.S. Bancorp, WEX, and ZayZoon.

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