Michelin Tire employees no longer have to leave work to get cash for lunch or vending thanks to a new ATM in the break room branded by Upstate Federal Credit Union – owned and operated by ATMatWork. Best of all it’s surcharge-free for credit union members. It’s a partnership that works for Upstate FCU, Michelin Tires… and the employees.
Reaching new members through brand awareness and visibility is at the forefront of every credit union’s marketing strategy, especially those with a regional and local focus. There are scores of options, but most aren’t leveraging one of the easiest and inexpensive strategies ‒ a bank at work program with on-site ATMs as the centerpiece. When used to the fullest potential, having ATMs as part of a bank at work program creates lasting partnerships and offer an avenue to open new deposit accounts, loans and market products and services.
It doesn’t take a big raise or expensive gifts to make employees happy. One of the simplest ways to ensure employee satisfaction is get creative with benefits and perks that add real value to employees’ lives. That’s why the popularity of ATMs in the workplace is growing among employees and employers alike.
On-site ATMs for local businesses are a great way for banks and credit unions to increase brand presence. But, when used correctly, they are also a step toward creating a community partnership that develops new accounts and revenue for the financial institution through Bank at Work programs.
It doesn’t take a big raise or expensive gifts to make employees happy. Millennials especially look at benefits differently than their predecessors. As the first tech-savvy generation, they expect digital connectivity and convenient self-service access everywhere they go. One of the simplest ways to ensure employee satisfaction is to offer benefits and work perks that add real value to employees’ lives such as an ATM at work.
Your staff works hard. Thank them this holiday season... and all year round by giving them convenient access to their payroll funds by providing an ATM at work. With a variety of surcharge-free options available, contact us today and let us help you choose the program that best suits your employee’s needs.
One noticeable drawback to payroll cards is the fees charged to obtain cash. To combat that problem, Brinks Money Paycards has teamed up with ATMatWork to be able to offer employers ATM options at work for employees such bank or credit union branded and surcharge-free ATM options – to compliment their paycard programs and save employees time and money.
Studies show the average employee uses an ATM four to five times each month. However, the vast majority of ATMs in the U.S. are not operated by financial institutions. These “foreign” machines usually result in a fee for use. Employers can help their staff better utilize their funds and save a great deal more of their earnings by offering them a surcharge-free ATM solution ‒ conveniently located within their workplace.
As Millennials begins dominating the workforce, many employers are faced with the dilemma of finding ways to pay them. Where many in older generations enjoyed the benefits of direct deposit, a lack of bank accounts for younger workers has resulted in a surge of payments by check. It is for exactly these reasons that many businesses turned to payroll cards.
On-site ATMs for local businesses are a great way for banks and credit unions to increase brand presence. But, when used correctly, they are also a step toward creating a community partnership that develops new accounts and revenue for the financial institution (FI) through Bank at Work programs. Here are a few keys to creating a successful program – using an ATM as the centerpiece of your program
An efficient work-force is able to get things done safely and consistently. Unfortunately, staying on-task can be a challenge - especially when balancing personal and business priorities. Fortunately, there are ways to help your employees manage their time more effectively.
Nearly half of Americans (46%) would struggle to cover an emergency expense costing $400, according to the May 2016 “Report on the Economic Well-Being of U.S. Households in 2015” from the Federal Reserve Board. When faced with a $400 bill, a large number of respondents reported they would either need to sell something or borrow money to cover the expense.
Anderson Federal Credit Union was considering putting ATMs in large companies to serve their employees, but couldn't justify the expense and management requirements. Fortunately, there was ATMatWork.