Wagestream app to provide instant salary access to Bupa staff

Bupa carer 001

Almost 11,000 Bupa staff will be able to gain instant access to their earned wages through the Wagestream financial wellness app.

The partnership will allow workers to draw on a proportion of their salary as they earn it in order to help with planned or unplanned expenses.

Rebecca Pearson, Operations Director for Bupa Care Services, said: “Wellbeing is about more than physical health. It includes everything our people need to be at their best, including financial stability.

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“No matter who you are, there will always be times when you face unexpected costs – whether it’s a broken-down car or an unforeseen vet’s bill.

“Whatever the reason, by introducing Wagestream, we’re allowing colleagues to access their earned wages ahead of payday, so that they’ve greater control over their finances when they need it most.”

Authorised by the Financial Conduct Authority and supported by charities, including the Joseph Rowntree Foundation, Wagestream also allows users to track their wages – including any overtime earned.

The app is especially effective for those who work flexible shifts or overtime, as it means that they can get instant access to their additional pay as soon as they’ve earned it.

Peter Briffett, Chief Executive at Wagestream, added: “Employers are increasingly realising how important it is to look after the financial wellness of their staff, and income streaming is one of the most effective ways they can do this.

“We actually launched with Bupa late last year, so we could help in the run-up to Christmas. It meant that colleagues who’d worked overtime could access their pay for things like Christmas shopping – as well as spreading their pay over the five weeks between December and January pay dates. It’s already had a great response.”

Tags : Bupasalary

The author Lee Peart

1 Comment

  1. Wagestream says your hours are updated daily but Bupa only seem to update to wagestream once a week. So if you need access to your money it isn’t always there when you want it.

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