No out of pocket expenses
Bank grade ATM with a 15” monitor
Fully branded ATM – custom wrap, signage & rotating ads
Installation, maintenance & cash loading
Regulatory compliance reporting
Surcharge-free for your members
Serving local employees has never been so easy or so affordable!
Email us at sales@atmatwork.com to schedule a personalized 10-minute consultation
With unemployment rates steadily trending downward throughout 2019, employers are ramping up benefit plans to retain and recruit the most qualified employees. An attractive benefits package sends a message to employees that the business cares about their well being and work-life balance. As 2020 kicks off, here are new trends and developments for employers to consider.
There is a growing trend of flexible work schedules and remote workers across the globe. Over the last five years, remote work has increased by 44% according to a recent study. Employees who have some control over their schedules feel empowered. It’s easy to understand why employees would cherish the option of not missing a school function or working around other life events that a typical schedule doesn’t accommodate.
This benefit is a win-win. The result of recent studies show that companies profit from flexible schedules, with reports of more than 4% increase in productivity by remote workers over their in-office counterparts. With many apps and programs available, employees can be consulted with the click of a button.
Health education and promoting an improved lifestyle is at the top of many business plans for 2020. It’s no longer uncommon for corporations to partner with gyms to give employees free or reduced-cost membership. Many employers even provide an on-site workout room that employees can use before or after their shift.
To further reduce costs and make life easier for all employees, on-site clinics have been emerging steadily over the years. As many as 65% of big businesses are expected to have clinics on-site to care for employees and their families. This dedication to health and wellness has a significant ROI since healthier employees will miss fewer workdays.
Great employers who want to retain top talent understand the need for both physical and financial wellness. HR Technologist reports, “Poor financial health can cause employees to become disengaged or less productive, not to mention triggering a rise in absenteeism.” If an employee is present but missing calls from a creditor or bank during the workday, that stress will ultimately roll over into poor production.
One easy and low-cost solution for the employer is to put an ATM on-site. Employees can save money by reducing the fees spent at other less convenient locations. If there are financial concerns distracting workers, a quick trip to an on-site ATM to check account balances, move or retrieve funds can solve the crisis. In addition, on-site ATMs are a much safer option for all employees.
ATMatWork offers several surcharge-free programs so the employer can choose the option that best works for their employees’ individual needs, including ATMs sponsored by local financial institutions that can offer financial wellness.
To learn more, give us a call at 866.440.4700 or send us an email at sales@atmatwork.com. We’ll be happy to walk you through the many benefits of having an ATM on-site for employees and the surcharge-free ATM options we offer.
Most hospital visits are unexpected and chaotic for the patient as well as their family and friends. In the rush to get to the hospital, important items ‒ such as cash for the cafeteria, vending machines and other necessities can be left behind.
Providing convenient access to cash on the hospital campus ensures that family members can use the facilities without having to leave their loved ones alone.
Easy access to ATMs on hospital grounds benefits employees as well. Working long shifts, especially the overnight shift, can be harrowing and doesn’t leave staff much time to go to the closest bank branch to do routine banking. Providing access to an ATM ensures that staff have an easy and convenient way retrieve their money and allows both day and night shift workers to make the best use of their breaks and free time.
Benefits of having ATMs on hospital campus include:
Easy Access to Cash for staff, patients and visitors
Convenience for Staff who work long shifts, especially the night shift, and family members who don’t want to leave their loved ones
Time Savings for staff and visitors, allowing them to stay on campus
Maximize Safety as the ATMs are located in safe, secure locations
Satisfaction of all parties at the hospital is crucial to the well-being of the institution, and providing ATM services not only satisfy patients, family, visitors and staff, but would add to the overall morale of the establishment.
Give us a call at 866.440.4700 or send us an email at sales@atmatwork.com. We’ll be happy to walk you through the many benefits of having an ATM on-site for employees and the surcharge-free ATM options we offer.
As we move into an increasingly digital world consumers have more banking choices than ever before such as paycards, pre-paid cards, digital-only banks and payment apps such as PayPal, Venmo and Zelle. This means credit unions have had to get creative in order to attract new members.
One of the most cost-effective and easiest ways to attract new members – particularly Millennials and Gen Z consumers is to offer branded, surcharge-free ATMs on university and college campus’.
Despite the hype, cash is still the most popular payment method for consumers 18-25 years-old and for small-value purchases. According to the Federal Reserve’s 2019 Diary of Consumer Payment Choice, cash represents nearly half of all payments under $10 and 42% of payments less than $25. And increasingly consumers have come to expect the quick, convenient, free cash access wherever they go.
With almost 7 million U.S. students enrolled in undergraduate programs and numbers expected to rise another 3% in the next decade, colleges are a hotbed for small cash transactions. For a college student on a budget, ATM fees can add up quickly. Professors and university staff are also beholden to campus economy, often needing cash access as much as students for everyday items like vending machines, the cafeteria and bookstore supplies.
Having easy access to a surcharge-free ATM provides major benefits to students, especially for money conscious Millennials and Gen Z consumers, and university personnel alike. Custom branded ATMs on college campuses are a cost-effective way for credit unions to attract new accountholders and grow their membership base.
Consumers Love Saving Money. College students, especially those on a budget, can save thousands of dollars per year in fees when using a surcharge-free ATM. Providing branded, surcharge-free ATMs on college campuses are an easy way to attract money conscious Millennials and Gen Z, as well as university staff.
Convenience. Convenience. Convenience. Easy access to an ATM provides users with convenient access to payday funds and allows them to complete their daily banking without a trip to their financial institution. With surcharge-free ATMs in locations they frequent, college students and university staff are more likely to switch to the credit union that sponsors the ATM they use most often.
Time Savings. With no need to leave campus in search of an ATM, students who may not have access to a car or are juggling work and school are better able to manage their time. Providing convenient ATMs on campus are a perk, college students will appreciate. Combined with customized branding on the ATM, signage, on screen advertising and optional brochure holders, ATMs on college campus’ will enhance a credit union’s brand exposure.
With more than 100 years combined experience, the professionals at ATMatWork understand credit unions no longer wish to own or manage ATMs. That’s why our program is hassle-free with no need for credit union staff to load cash or do routine maintenance. There are no upfront out of pocket expenses and our program includes a fully branded bank grade ATM with a 15” monitor that is surcharge-free for members… and most importantly will help grow your membership.
Give us a call at 866.440.4700, send us an email at sales@atmatwork.com. We’ll be happy to walk you through the many benefits of having custom-branded ATMs on university campuses or on-site for employees at SEG locations.
After successful providing easy, surcharge-free cash at their main office in Spartanburg, SC as an employee benefit, Adidas has expanded the program to include staff at two nearby distribution hubs.
In 2018, Adidas management made the decision to expand their employee benefits by installing an ATM at their South Carolina headquarters. They partnered with ATMatWork, which specializes in providing ATMs as an employee benefit, and decided to go with the popular Allpoint option to provide the maximum benefit to employees.
According to Bankrate, the national ATM surcharge average is $4.69, and the out of network fee charged by financial institution for using an ATM, not affiliated with their bank or credit union, is around $2.50 per transaction. Allpoint, the largest surcharge-free ATM network in the U.S., offers fee-free ATM withdrawals to account holders of more than 1,200 banks and credit unions, and the most popular paycard providers. That’s a savings of more than $7 per cash withdrawal.
Some of the benefits to Adidas employees include:
Saves staff thousands of dollars in surcharge & banking fees
Safe, secure environment for ATM transactions
Saves time. allowing employees to remain on-site
Easy access to payday funds
Cash for lunch, vending and the weekend
Some of the benefits to Adidas management include:
Competitive advantage for recruiting
Keeps employees on-site
Cost-effective benefit
Helps employees keep more of their paycheck
No upfront costs for the company
No extra work for management, ATMatWork handles it all
Give us a call at 866.440.4700, send us an email at sales@atmatwork.com. We’ll be happy to walk you through the many benefits of having an ATM on-site for employees and the surcharge-free ATM options we offer.
In the last several years, employers have begun offering a wider variety of benefits to inspire staff, retain employees and attract quality talent. A recent study by ADP Institute discovered that traditional perks, such as pay raises and medical benefits, are not the only offerings required for employers to remain competitive in today’s job market.
According to Evolution of Pay, employees desire easier access to their earnings, financial wellness and more payment choices. Research shows that nearly 80% of employees are now willing to accept payment via unconventional means like payment cards, which are rapidly growing in popularity.
With employee expectations for financial wellness growing as well, having easy access to a surcharge-free ATM that is sponsored by a local credit union or community bank ‒ that can provide financial wellness education ‒ is a growing new favorite benefit among employers and employees alike.
An on-site ATM provides major benefits to employees and employers alike, such as:
Employee Savings. Employees can save thousands of dollars each month in surcharge fees when using an employer-provided ATM. This can be especially important to employees using a paycard, who may be limited to the number of withdrawals they can make each month or penalized with out-of-network fee for using other ATMs.
Improved Security. Off-site banking poses a greater over-all risk. An employer provided, on-site ATM offers a private, secure environment where employees can withdraw cash, check balances and complete transfers with little risk to their physical or financial safety.
Convenience. Easy access to an ATM means employees can complete daily financial transactions without a trip to the bank, as well as having access to cash for lunch, vending and drink machines. On-site ATMs also allow employees quick access to payday funds.
Greater Time Management. With no need to stand in long lines at the bank or leave the premises in search of an ATM, employees are able to manage their time better, which means less time away from work and more relaxing breaks.
An employee provided surcharge-free ATM offers multiple benefits to both employees and provides employers with a competitive edge when it comes to recruiting and retaining talented staff.
ATMatWork offers several surcharge-free programs so employer can choose the option that best works for their employees’ individual need, including ATMs sponsored by local financial institutions that can offer financial wellness.
Give us a call at 866.440.4700, send us an email at sales@atmatwork.com. We’ll be happy to walk you through the many benefits of having an ATM on-site for employees and the surcharge-free ATM options we offer.
Providing competitive, fair compensation can be a challenge. Some companies can offer incredibly high salaries, however most need to get creative with benefits and a variety of unique incentives like pet insurance have become popular in recent years.
A Corpus Christi, TX company was looking for a way to provide their staff with a convenient, cost effective benefit that would provide real value.
In this case study you’ll learn how they are saving their staff $4,500 on average each month and close to 400 hours by having a surcharge-free ATM on-site as an employee benefit.
We had a blast in Las Vegas and hope you did too! If you missed us at SHRM19, contact us and find out how adding an ATM as a benefit can help you: Attract and Retain Employees, Save your Employees Time and Money and much more.
Here are a few photos from our booth at SHRM19
One of the silver linings of the financial recession in the mid-2000s was that it was supposed to have taught consumers a hard lesson about the dangers of debt and other financial issues.
However, statistics from CareerBuilder show that 78% of U.S. workers live paycheck to paycheck and one in four don’t save. And while most people acknowledge the need for emergency savings and a retirement plan, few understand how to attain those goals. A limited number of Americans can successfully implement a budget, leaving many adults in debt with no understanding of how to dig themselves out.
In a 2015 study by FINRA, participants were asked five questions covering aspects of economics and finance encountered in everyday life, such as compound interest, inflation, risk and diversification principles, the relationship between bond prices and interest rates, and the impact that a shorter term loan can have on total interest payments over the life of a mortgage. Only 37% of participants were able to answer four or more of the five questions correctly – indicating that the majority of Americans are financially illiterate to some degree.
A study by Raddon found that 55% of consumers are more likely to turn to a bank or credit union for resources on financial literacy than a financial adviser.
The report also suggests banks and credit unions have an opportunity to entice consumers to switch financial institutions by engaging consumers with financial education. And, the best way to market retirement and wealth management programs is in small digestible chunks of information.
However, the study also notes that financial institutions struggle internally with their support of financial literacy programs, mainly because these programs are expensive. Justifying the cost of educating account holders on financial literacy to upper management can be difficult since return on investment is difficult to document.
Banks and credit unions have been exploring the unique marketing capabilities ATMs offer such as customized screens and signage that help them enrich the consumer experience for some time. As a critical touch point for account holders, ATMs can also be used to educate consumers and market financial planning programs with little or no extra cost to the financial institution.
Self-service options are also vital to the way younger generations, especially Millennials, manage their money, with statistics showing that mobile banking users are more likely to visit an ATM than a branch ‒ which strongly suggests ATMs are the perfect channel to market important financial services.
Marketing financial planning programs while consumers are actively accessing their account and considering their personal spending habits makes them more likely to remember the services offered. The ATM also allows financial institutions to track participation in variety of ways, such as requests for information using a unique landing page URL, QR code, Text/SMS response or promotional code on the ATM wrap, screen and the receipt.
Employers all over the country are beginning to see the opportunity to enhance their workplace benefits by offering ATMs on-site. The practice is beneficial to employers and employees alike as it provides easy cash access in a secure environment and allows staff to better manage their time.
By partnering with local companies, banks and credit unions can offer ATMs that allow surcharge-free transactions for account holders, increase brand awareness for the unbanked or competitor-affiliated user, and market their institution with financial education and retirement planning information in the environment where consumers are most likely to engage – the place they make their money.
To help financial institutions better market financial education, ATMatWork offers:
Customized ATM wraps that can include a QR code
Rotating ATM screens and welcome screens customized for the institution
Static or video signage
Receipts that include promotional offers
Attached brochure holders for educational materials
Partnering with local companies to provide employees with easy cash access with an ATM is a valuable resource that banks and credit unions can also use to offer information vital to raising Americans’ financial literacy. And, with ATMatWork’s unique programs it is hassle-free and cost-effective.
Our experts have more than 100 years combined experience. ATMs is all we do! Contact us today to find out how we can help you build a bank at work program that delivers results.
In today’s tight job market, companies need to get creative to attract and keep talented employees. And, with Millennials and Gen Z entering the workplace, these younger generations are looking for more than just a paycheck. Some companies offer benefits like pet insurance, flexible hours, mental health days and more. ATMatWork offers employers a cost-effective benefit that will save their staff time and money – easy cash access by having an ATM on-site.
Despite the rise of credit cards and digital payments, cash remains the number one payment instrument in the U.S, according to the Federal Reserve’s Diary of Payment Choice. Cash representing 30 percent of all transactions; 55 percent of transactions under $10 and 32 percent of payments between $10 and $24.99.
Employees are using ATMs – and the fees they pay for going to the closest ATM can add up quickly. The national average for withdrawing cash is $3.50 and financial institutions charge an additional fee of as much as $2.50 on average for using an out of network ATM. That’s $6 for withdrawing $60.
ATMatWork offers a number of surcharge-free options that allow staff to get cash for lunch, vending or the weekend at no charge. And, some of the options available also save employees the banking fees as well. We offer Brinks paycard fee-free ATMs, bank or credit union branded ATMs, machines that run surcharge-free networks or free for everyone options.
A Corpus Christi, TX-based company, that employs around 700 workers in two full-time shifts, was looking for a better way to pay their employees and save them money. Aware of the fees their employees paid to cash checks, management decided to make the move from paper checks to Brinks Money paycards.
However, that was only one piece of the solution. They also needed a way to make it easier for their staff to access their funds without having to pay ATM fees and save them time ‒ especially since hourly employees only have a 30-minute lunch hour.
After reviewing the variety of options ATMatWork offers, the Human Resources Director decided on a surcharge-free ATM that would provide free balance inquiries for everyone, and fee-free cash withdrawals and no out of network ATM fees for the majority of their employees – both those who had bank accounts and those who participated in the Brink’s paycard program.
Installation of the ATM in the break room was an immediate success. On average, employees complete 1,600 transactions every month, withdrawing as much as $100,000 over the course of a month and save in excess of $4,600 in fees. Having the ATM in the break room also saves employees a great deal of time because they no longer have to leave work to obtain cash for lunch, vending or leave early on payday to go to the bank.
Installation of an on-site ATM is easy, hassle-free for management and can be completed in two weeks. ATMatWork owns and manages the machine so there is no extra work involved for management. All the employer needs to provide is an electrical outlet and a place to put it. ATMatWork also provides custom marketing materials to help HR professionals promote the benefits of having an ATM on-site.
Cash remains the number one payment option for Americans, with Millennials relying on cash more than any other demographic. And the less an employee makes the more they rely on cash.
According to the FDIC National Survey of Unbanked and Underbanked Households, 32.6 million U.S. households are unbanked or underbanked. In 2017, the survey estimated 25.2% of Americans had either no access or limited access to a bank account or used alternative means such as paycards or pre-paid cards, to access their wages. Virtually all unbanked or underbanked employees belong to households making less than $50,000 annually. These workers, which can least afford it, are subject to fees for check cashing and ATM fees.
Having a surcharge-free ATM on-site is a benefit that companies can offer their employees that will allow them to keep more of their hard-earned wages. It’s affordable as well. In most cases, the cost of having an ATM on-site is less than what the company pays for just one employee to have health insurance.
The cost of ATM fees and out of network fees charged by an employee’s financial institution can quickly add up, and employees know it. If the employer is offering this service, staff are less likely to switch jobs for an extra dollar an hour, especially if their potential new employer does not offer an ATM on-site.
Human Resource Directors know their employees are using the ATM and understand the benefits once they see it in action for themselves. We frequently get calls from HR professionals, who have switched companies, wanting to add an ATM.
Give us a call at 866.440.4700, send us an email at sales@atmatwork.com or visit our website. We’ll be happy to walk you through the many benefits of having an ATM on-site for employees and the surcharge-free ATM options we offer. Our staff goes above and beyond and will work with you to find the best option to fit your employees’ needs.
