Category: Employee Benefit

  • Employees Want Alternate Payment Methods, Financial Wellness and Convenient Access to Cash at Work

    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.

  • Case Study: How One Company Saves their Staff Thousands of Dollar each Month with an ATM as an Employee Benefit

    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.

    Complete the Form to Get a Copy of the Case Study

  • Photos from SHRM19 in Las Vegas

    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

  • Q&A Interview with SHRM

    What is ATMatWork?

    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.

    How does ATMatWork save employees money in ATM and banking fees?

    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.

    Can you provide an example?

    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.

    What are the biggest challenges companies face when implementing ATMs at work?

    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.

    What do you wish more HR professionals knew about ATMatWork?

    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.

    How important are benefits like this in employee retention?

    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.    

    For anyone who won’t be able to make it to the ATMatWork booth in Las Vegas, what do you want them to know?

    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.

  • ATMatWork Welcomes The People’s Bank & YMCA

    More than an ATM… A Powerful Dynamic Marketing Tool

    The fully branded ATM at the YMCA is more than just a cash dispenser… it’s a Powerful Market Tool that helps the bank to:

    • Grow Deposit Accounts 

    • Enhance Relationships with account holders and local businesses

    • Creates a Better Brand Impression with custom marketing on the ATM

    Affordable & Hassle Free

    No need for the bank or credit union to buy hardware, load cash, maintenance or keep up with compliance. The ATM experts at ATMatWork handle it all for a low monthly fee.

    Download our brochure to learn more about our ATM programs.

  • ATM at Work Facilities a Partnership for Michelin Tires & Upstate FCU that Benefits Employees

    Benefits for Employees

    Your employees are using an ATM and chances are they are spending a great deal of their paycheck on fees to obtain cash. An ATM on-site helps to attract Millennials, increases employee safety, and saves staff time and money. An ATM in your break room is more than just cash machines, they are a hassle-free and inexpensive benefit your employees will love.

    • Saves Time & Money

    • Easy Access to Pay Day Funds

    • Cash for Vending Machine & Cafeteria

    • No Need to Leave Work to do Banking

    • Increased Employee Safety

    With a variety of surcharge-free options available, the ATMatWork program is affordable – in most cases, less than what you pay in insurance for one employee each month, and is hassle-free for management. Click here to learn more about our surcharge-free program options.

    Benefits for Banks & Credit Unions

    More than an ATM… A Powerful Dynamic Marketing Tool

    ATMatWork’s unique approach turns the ATM into a Powerful Dynamic Marketing Tool with a myriad of changeable content including:

    • Segmented, Customized ATM Wrap

    • Multiple Ad Screens with Unlimited Changes

    • Changeable Back Lighted Topper Inserts

    • Optional Brochure Rack

    Affordable & Hassle Free

    If you are interested in expanding your brand image in the community but don’t want to manage ATMs or purchase costly hardware, ATMatWork offers exactly what you’ve been looking for. With decades of experience, our experts handle it all – including purchasing the ATM – for a low monthly fee.

  • Make a New Year’s Resolution to Save Staff Time & Money with an ATM in the Workplace as a New Employee Benefit

    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 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.

    Employees love having easy, safe access to their funds without having to use break time or leave work early to run errands.

    • Saves Employees Money. By having a surcharge-free ATM in your building, employees save thousands of dollars annually.  

    • Saves Employees Time. Being able to do their banking at work, saves employees a considerable amount of time. No more using break time or leaving work early to drive to the bank for cash.

    •  Increases Employee Safety. Having an ATM in the workplace offers an extra layer of security for employees since there is no safer place to withdraw cash than at work.

    A Competitive Advantage without a Big Price Tag

    In addition to making it convenient for staff, having an ATM on-site give employers a competitive recruiting advantage. And, having an ATM at work is cost-effective. In fact, in most cases having a surcharge-free ATM in the building is less expensive than paying for medical insurance for a single employee for just one month.

     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.

    Contact the experts at ATM at Work and let us help you thank your employees by giving them surcharge-free access to their funds ‒ saving them time and money with an ATM at work!

  • Find the ATM Option that Best Suits Your Employee’s Needs

    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 experts at ATMatWork and let us help you select the ATM program that best suits your employee’s needs.

  • 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.