Category: Bank at Work

  • Why an ATM as the Centerpiece of your Bank at Work Program will Help Increase Brand Visibility

    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. 

    Our cost-effective and hassle-free program will help you:

    • Promote payroll deposit accounts to associates and executives at employee-based locations

    • Introduce employee-based groups to your products and services

    • Branded ATM becomes the centerpiece for enhanced relationships with the employee groups

    • Hands off, hassle free ATM – completely managed by the ATM experts at ATMatWork

    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.

  • Why You and Your Employees Will Love Having an ATM at Work

    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.

    The popularity of ATMs in the workplace is growing among employees and employers alike. Not only does it give employers a competitive advantage but having an ATM at work is less expensive than paying for medical insurance for a single employee for just one month. Employees also love having easy, safe access to funds without having to use break time to run errands.

     Employees Save Time & Money. ATM at Work offers a variety of surcharge-free options that will your staff access to cash at no charge ‒ saving employees thousands of dollars annually. For employees who don’t qualify for fee-free withdrawals, ATMatWork terminals boast a surcharge-fee that is 55 cents cheaper than the national average. Coupled with the fact that there is no travel time for balance inquiries, transfers and withdrawals, employees save a considerable amount of time by having easy access to an ATM on-site.

     Increased Employee Safety. ATM crimes have been on the rise for the last several years, including low-tech attacks like muggings. Having a terminal in the workplace offers an extra layer of security for employees since they don’t have to worry about being victims of violent crime.

     Keeps Employees at Work. Full-time workers often have a hard time finding time to run errands, pay bills and visit their local bank branch. With an on-site ATM, employees have instant access to payday funds with no change to their work schedule or loss time. Since ATMatWork terminals are serviced and filled with notes weekly, employees never run short on cash – whether it is for break room vending or larger responsibilities, like utility bills.  

     Employees thrive at work when they know their contributions are valued. Letting your employees know they matter to you and the company helps employees stay engaged and excited, improving both the quality of work and the overall office environment.

    ATMatWork is now offering an Allpoint surcharge-free ATM option. Transactions are free for employees who use some of the most popular paycards and bank at the more than 1,400 financial institutions that are part of the network.

    And best of all the ATM is hassle-free and, in most cases, less than what you pay in insurance for one employee each month.

  • Thank your Employees this Holiday Season… and all year round by giving them Convenient Access with an ATM at Work!

    Your employees are using an ATM and chances are they are spending a great deal of their paycheck on fees to obtain cash. 

    Many Human Resource professionals recognize this and that’s why having ATM in the building to give their staff easy access to cash — surcharge-free — is becoming one of the hottest new employees benefits being offered by employers.

    Having an ATM on-site Saves Employees Time and Money, Keeps Staff at Work and provides a Convenient and Safe Environment for employees to do their banking. And best of all ATMatWork offers ATM options that are Hassle-Free and, in most cases, less than what you pay in insurance for one employee each month.

    Contact the payment professionals at ATMatWork to get started. 

  • Attract Millennials with Paycards & a Surcharge-Free ATM as an Employee Benefit

    Each generation has its own values and expectations. Rather than the work-life balance desired by many Gen Xers and their older cohorts, Millennials desire work-life integration. The younger, tech-savvy generations prefer non-traditional incentives that allow them to create synergy between all areas of their lives, such as work, school and family. Since Millennials are expected to comprise 75% of the workforce by 2020, employers need to get creative with their employee benefits.

    In recent years, one major point of contention for Millennials is the difficulty to bank within the traditional 8 a.m.-5 p.m. shift. It can be nearly impossible to manage weekly banking needs within the space of a few minutes while lines of other financial institution customers wait impatiently behind. This creates competition between employee’s defined work schedules and their financial obligations.

    Although direct deposit is the norm, employees are looking to their employers and alternative financial institutions for hassle-free access to their money.

    Payroll Cards as an Alternate Form of Payment

    According to a 2015 FICO report, Millennials continue to embrace non-traditional methods of banking, and approximately 56% of participants between the ages of 18 and 24 either use alternative payment services or are planning to do so. One way for employers to help meet the growing demand for work-life integration and easier cash access is to institute a paycard or payroll card program.

    A recent study by CSFI indicated that employees with a wide range of salaries, some as high as a $100,000 per year, choose to use payroll cards. While over 80% of those surveyed have active banks accounts, they still chose the paycard program offered by their employer for sheer convenience.

    Paycard Programs & On-Site Surcharge-Free ATMs as an Employee Benefit

    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.

    With an on-site ATM, employees enjoy the convenience of completing routine transactions in a safe and secure environment – using their paycard surcharge-free or financial institution-issued debit cards.

    The combination of payroll cards and fee-free cash access at work is a fantastic employee benefit that allows the work-life integration preferred by Millennials.

    Paycard programs combined with an ATM on-site is gaining popularity among employees – and not just hourly workers – and employers. As an added bonus, instituting these benefits can save employees thousands of dollars in fees and keep employees at work.

    To find out more about offering employees paycads, contact Brinks Money. To offer an ATM on-site as an employee benefit, contact ATMatWork.

    ATMatWork is now offering an Allpoint surcharge-free ATM option. Transactions are free for employees who use some of the most popular paycards and bank at the more than 1,400 financial institutions that are part of the network.

    And best of all the ATM is hassle-free and, in most cases, less than what you pay in insurance for one employee each month.

  • Why A Surcharge-Free ATM On-Site is a Hot New HR Benefit

    Studies show the average employee uses an ATM four to five times each month, typically withdrawing around $60 in cash at each transaction.

    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 – from both the ATM operator and the ATM user’s bank or credit union. Together these fees average around $6.00 per transaction. This is a considerable investment of funds to get cash.

    Paycards are a new and growing trend among employers with 25-35% of U.S. employers switching to the paycard model for employees that are unbanked or do not provide financial institution information for direct deposit. Due to the higher fee rates, these employees end up spending more than the average person when withdrawing cash ‒ and taking home less of the money they have earned.

    There is a better way. Companies can help their employees 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.

    Safety and Convenience

    The workplace is one of the safest places for employees to use an ATM. Having a surcharge-free ATM on-site saves employees the risks of traffic, theft and time constraints while providing additional security through its indoor, on premise location. On-site ATMs are also a convenience, whether money is needed at that moment on the job or for use in after hour’s activities.

    Keeping More of Their Money

    On site ATMs also provide the added benefit of helping workers keep more of their hard-earned pay check, as well – when they are partnered with a financial institution and/or surcharge-free network like Allpoint or Money Pass. Allpoint, for instance, has over 1400 financial institutions in its network including national and regional banks, and credit unions as well as the leading pay card providers.

    Cash Is King ‒ Especially with Millennials!

    MasterCard’s report, “Measuring Progress Towards a Cashless Society” revealed that cash remains the most commonly used method of payment across all ages. This is particularly true for Millennials (those born from 1981 -2000), who currently comprise 33% of the workforce.

    Statistics show Millennials are not only technically savvy, they put a great emphasis on convenience. And, as they saw their parents greatly affected by the housing market crash and recession, they have a deep distrust of financial institution. They are the generation pioneering payment alternatives such as PayPal and Venmo – and are more likely to utilize cash than other forms of transaction.

    A Hot New HR Benefit – ATM at Work

    Representing one-third of today’s workforce, it is more important than ever to stay a step ahead of these technically savvy employees – and other companies who may be looking to lure them away. An ATM at work is just one way to provide convenience and incentive, while helping employees keep their hands on more of their income.

    Now offering an Allpoint surcharge-free ATM option, transactions are free for employees who use some of the most popular paycards and bank at the more than 1,400 financial institutions that are part of the network.

    And best of all the ATM is hassle-free and, in most cases, less than what you pay in insurance for one employee each month.

  • Give Your Paycard Employees More Money…Without Spending a Fortune

    The mortgage crash of 2008 did a lot more than cause a recession. It created a long-lasting anti-financial institution mindset in a large chunk of America’s younger generation. This change in behavior has led to a gradual increase in the un- and under-banked throughout the US – a number now floating around the 15 million mark.

    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. However, a study from Workforce Institute at Kronos reported paychecks arrive late for about 15% of Americans and 25% of respondents reported regular receipt of incorrect payment.

    It is for exactly these reasons that many businesses have come to rely on the ability to direct pay employees. But, with the rise in un- and under-banked workers, employers are struggling to bring all of their employees into the digital payments fold. The solution for many? The paycards or payroll card.

    The idea behind use of paycards is simple. Employers have an electronic way to provide fast funds disbursement as well as an easy way to quickly resolve pay discrepancies. In return, employees have immediate access to their funds on payday, rather than having to take the time to deposit or cash a check. As an added benefit, most paycards utilize the rails of major card networks, allowing the cards to be used for debit transactions.

    But, just like checks, paycards are not all sunshine and rainbows. Similar to some bank accounts, there are many paycards that also issue fees to their cardholders. Some of the most popular fee-incurring situations include an ATM usage fee, card replacement fees and low balance fees. In some cases, there are additional charges for not using the card over a certain period of time. In short, they may “have their money” but they have a great deal of difficulty accessing it without loosing a chunk of their earnings to fees.

    Fortunately, there are several easy ways for businesses using payroll cards or paycards to help their employees avoid fees while better managing their funds.

    • Promote Use of Surcharge-Free ATM Networks – Most major paycards are also members of one or more surcharge-free networks such as Allpoint, MoneyPass and CU Alliance. These networks provide nationwide cash access at participating ATMs. Employers can provide a link to the ATM the locator app and information for any network associated with their payroll cards as well as maps, flyers and other reminders to their employees paid via paycards.

    • Encourage Financial Health – Employers can host workshops and knowledge sessions for paycards employees that help inform attendees about the steps to financial health and freedom including budgeting, investments and knowledge of the fees associated with their payroll cards…as well as ways to avoid them.

    • On-Site ATMs – An ATM in the workplace provides safe, secure access to cash in a convenient location. The machine can be loaded with one of the surcharge-free networks associated with the paycard in use on-site, offering employees a fee-free way to access their funds – on payday or any day.

    Employees often need access to their money right away. However, without a bank account to initiate direct deposit, paycards are one of the only ways to ensure this convenience. Helping employees avoid these additional costs through education, information and on-site ATM programs not only encourages financial independence – it puts more money in the employee’s pockets.

    One of the hottest new benefits being offered by employers, having an ATM on-site saves employees time and money, keeps staff at work and provides a convenient and safe environment for employees to do their banking.

    ATM options include:

    • Surcharge-Free for Everyone

    • Allpoint or MoneyPass Surcharge-Free Networks

    • Bank or Credit Union Branded

    • Generic ATM

    And best of all the ATM is hassle-free and, in most cases, less than what you pay for insurance for one employee each month.

  • Creating a Successful Bank at Work Program — with an ATM as the Centerpiece

    Make the ATM the Centerpiece of your Bank at Work Program
    Make the ATM the Centerpiece of your Bank at Work Program

    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:

    1. Be Visible. It’s no secret branded ATMs stand out from the crowd – generating a higher level of trust for users and developing brand recognition. What many FIs don’t realize is that the ATM is also an excuse to make on-site visits to partners, giving your representatives the opportunity to visit with HR and employees to discuss financial planning alternatives and other promotions.

    2. Make Plans. Work with company representatives to plan events such as seasonal/holiday parties, financial planning classes and more to keep top-of-mind with both the business partner and employees.

    3. Target Better. Arrange for surveys for current and/or new employer groups to determine financial needs of employees. Use this information to create a financial education and marketing plan that better fits your audience at partner locations.

    4. Be Dedicated. Assign specific team members to specific locations. This technique allows branch personnel to become familiar with individual business partners and their employees – leading to higher levels of trust and commitment for all parties.

    5. Use ATM Advertising Space. Create brochures, screens, wraps and toppers tailored to your locations. Customized advertising shows dedication through messaging and better targets individuals by location.

    On-site ATMs are a big step in the door for financial institutions – communicating to a captive audience of current and prospective account holders. Partnering these dedicated brand billboards with a fun and comprehensive, employee-focused program both serves the community and develops greater brand loyalty. These simple tips can help any FI make the best of their Bank at Work program.

  • 3 Ways to Help Employees Manage Their Time

    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.

    1.  Invest in time and project management services – Many people plan their days in the morning. While this is not a bad thing, it often leads into a 24-hour mentality rather than an efficient use of time and energy. Fortunately, there are a variety of time management and project applications such as Todoist, Google Keep and Any.do that can eliminate the need for daily “to-do” lists while increasing employee-to-employee communication on projects.

    These types of applications provide a venue for employees to organize their tasks over a period of time and collaborate with other project participants and departments. Employees are able to stay up-to-date on the status of other aspects of projects, keep customers informed and plan based on the needs of the company.

    2.  Discourage Multitasking – Many people pride themselves on the ability to multitask. However, studies have shown that multi-tasking is not real. Instead of focusing on more than one thing at once, the human brain is actually rapidly switching between the two tasks. Neither task receives the full focus. Instead of attempting to juggle a multitude of items, it is best to focus on a single task with full attention before moving onto the next item.

    The “multi-tasking” mentality has become so ingrained in today’s culture that many employees may mistake their balancing of tasks as a benefit. Often, the ability to multi-task is looked on as a source of pride. It is important to present research dispelling this notion and train employees the value of focus.

    3.  Encourage Employees to Stay Onsite – Many employees will leave the campus during lunch or breaks in order to get food or run errands…especially banking. Providing an onsite ATM can offer a safe, easy cash and bank account access without the stress and dangers of traffic and long lines.

    Onsite ATMs can bring additional benefits including financial institution partnerships and offerings. These often include special checking, savings and loan offerings as well as financial education and/or mentoring to help employees navigate personal financial landmines, plan for retirement and make other important financial moves.

    Providing the appropriate tools and training is essential in creating a safe and efficient workplace. Onsite ATMs, time management training and project management services are just a few of the ways HR managers can offer guidance to employees.

  • 3 Tips to Helping Employees Deal with Financial Crisis

    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.

    The issue of emergency funds spans income levels. According to a poll conducted by The Associated Press-NORC Center for Public Affairs Research, three-quarters of households making less than $50,000 per year and two-thirds of those making $50-100,000 per year would have difficulty covering an unexpected $1,000. Of households making more than $100,000 per year, some 38 percent would have similar difficulties.

    Faced with unexpected expenses, American’s report a variety of solutions to scrape together the money required. These include selling items or assets; borrowing from a bank, friends or family; charging to a credit card; and, in extreme cases, borrowing from payday lenders.

    Part of this financial insecurity is the tendency for American’s to avoid savings – a potential holdover from the 1970s and 1980s when inflation ate into the value of money held in savings accounts. Contributing to this continued mentality is a lack of standard financial education and a combination of volatile income and expenses.

    The combination of unknowns creates a situation in which even small emergencies can create a financial crisis. Lower income individuals, those lacking available credit and people with friends and/or family troubles may find money emergencies especially worrisome.

    Fortunately, there are ways for employers to help alleviate financial stress for employees so they can better focus on their work.

    • On-Site ATMs – Providing cash access at the office can be a big relief. Whether they utilize a bank account, prepaid cards or payroll access cards, employees can review account balances and access their funds in the safety of a trusted, indoor location without the need to utilize valuable time or fuel.

    • Financial Education – Employers can partner with local financial institutions to provide valuable education on appropriately managing household finances. Classes can include information on debt management, the importance of emergency funds, building your credit and preparing for retirement.

    • Money Earned® Options – Implementing a “money earned access” program can help employees avoid resorting to high interest rate credit cards and predatory payday lenders. These systems provide employees with the ability to utilize funds based on hours they have already worked but for which they have not yet been paid. Money is paid out when needed and the equivalent amount is subtracted from their next paycheck. Unlike payday loans, money earned systems cap payouts to 50 percent or less of the employees available wages and charge a one-time fee rather than ongoing interest.

    Many Americans continue to live paycheck-to-paycheck, with little to no savings. Under these circumstances financial education and affordable solutions like the Money Earned program are more important than ever to ensure employee piece of mind.

    ATMatWork offers the Money Earned® program to Empower employees to handle unexpected expenses or financial crisis without resorting to high interest payday loans. Learn More>>

  • This Holiday Season Say “Thank You” to Your Employees