Statics show that 78% of U.S. workers live paycheck to paycheck, one in four don’t save and a majority turn to their bank or credit union for financial literacy resources. ATMs, a critical touch point for consumers, can be used to provide financial education. By offering ATMs at work, financial institutions can offer surcharge-free transactions, increase brand awareness and promote financial planning in the environment where consumers are most likely to engage – the place they make their money.
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.
With Millennials making up 33% of today's workforce, they are changing workplace culture by expecting more amenities … including being able to do their banking at online and having access to ATMs at work. In this article you’ll learn about Millennials’ banking and payment habits, and why forward thinking HR managers are offering ATM at work to satisfy their younger employees.