Tag: atm

  • The Hottest New Employee Benefit: An ATM at Work

    Cold hard cash has always appealed to people, and is often a major selling point for employees. But, these days it is more than just the dollar amount on an employee’s paycheck. That is, of course, still of prime interest to employees. However, there are more versatile ways to make sure your employees know you value them and can also keep their cash flowing … providing them with easy access to cash with an ATM at work.

    Almost 80% of consumers make payments in cash despite the wide range of other payment options available, according to the U.S. Consumer Payments Outlook Through 2020. Thus, having easy and convenient access to cash is more important than ever to your employees. In fact, the Federal Reserve reports that 1/3 of all consumer transactions are less than $10. And, two-thirds of these are paid in cash.

    With today’s increasingly demanding lifestyles, time is an overwhelming factor as employees must coordinate the kid’s carpool, off-site activities, as well as running personal errands, grocery shopping and preparing meals — and then getting ready to do it all over again the next day.

    ATMs At Work = WIN. WIN!!

    Access to a convenient ATM is vital for your busy employees. Having an ATM at your workplace provides a MAJOR benefit … and it generally costs the company little to nothing for this tremendous employee perk!! A bank or credit union-branded ATM or an Allpoint ATM on-site not only provides your employees with the convenience they want but surcharge-free transactions as well.

    An Allpoint ATM provides surcharge-free access to employees who bank with over 1400 of the leading U.S. financial institutions, as well as some of the top paycard providers. Your employees who bank with Allpoint network member financial institutions can use the ATM at work as often as needed with NO FEE. That’s right – there’s no fee at the ATM or from the bank.

    All that is needed is an electrical outlet, and a secure, convenient place to house the ATM at your workplace.

    With an ATM at work, you can help provide a solution to the cash needs of your workforce and place their focus where it can best be utilized – on work. Is it any wonder having an ATM at work for employees is one of the hottest new benefits HR directors are offering?

  • 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

  • ATMatWork Nets SEG Success for Anderson Federal Credit Union

    When AFCU was considering Employee Group ATMs but couldn’t justify the expense and management requirements. Fortunately, there was ATMatWork.