Retailers such as Kroger have introduced new services to allow their employees to receive their salaries way before payday. One of the services available to employees is known as Kroger DailyPay.
However, what exactly is Kroger DailyPay, and how does it work? Here’s what I discovered from my research!
What Is Kroger DailyPay In 2023?
Kroger DailyPay gives employees access to their earned wages before PayDay as of 2023. It acts as a Kroger paycheck advance; therefore, staff can withdraw their unpaid salaries based on the hours worked since the company updates the wages earned after every shift. Kroger employees just need to register for a DailyPay account to start using the service.
Read on for more information about Kroger DailyPay, how it works and how to sign up for the service!
What Is Kroger DailyPay?
Kroger partnered with DailyPay in 2019 to allow employees to receive their earned wages ahead of their scheduled payday.
Kroger DailyPay is an on-demand pay system that gives employees financial flexibility to access cash and pay their bills whenever.
In addition, DailyPay’s software easily integrates with Kroger’s payroll and time management system, making it for the retailer to implement.
How Does Kroger DailyPay Work?
As a Kroger employee, the retail usually updates the money at the end of every shift, based on the number of hours worked.
Additionally, employees can check the money earned on the Express HR portal account.
Your pay for the hours worked will be available in the employee account, which helps you know the exact amount you can get.
If you want to access the cash on your DailyPay, you can transfer the money at any time to your bank account.
When employees access the account, they can see the reported earnings and Pay balance.
Furthermore, reported earnings represent the gross pay reported by Kroger, while the Pay Balance is the net earnings excluding the tax and deductions.
How Can Kroger Employees Sign Up For DailyPay?
To use the DailyPay service, you need to sign up on the DailyPay website. You’ll need to provide your name, email, phone number, and employee ID found on the pay stub.
In addition, you might also need the last four digits of your bank account to help with direct file deposits.
Additionally, DailyPay’s software requires employees to have direct deposits for the paychecks, making it easier to transfer the earned wages into your account of choice.
If you get paper checks from Kroger, you can sign up for DailyPay, but you’ll need to add a bank account to the ExpressPay account.
On the other hand, you can opt to use the DailyPay app to sign up and access your salary.
Once you download the app, you can clock in and out of your shift by using the retailer’s timekeeping system.
Does Kroger DailyPay Give You All Your Money?
According to DailyPay, employees can transfer up to 100% of their net earned income from the balance on the DailyPay account.
This net earned income excludes deductions, estimated taxes, and other withholdings.
However, if a Kroger employee has already transferred some amount before the scheduled payday, you’ll only receive the remainder pay.
Is Kroger DailyPay Free?
Signing up for DailyPay is free because Kroger has a partnership with the payment software.
However, Kroger employees pay a transaction fee that varies depending on whether the transfer request is for the same day or the next day.
If a Kroger employee requests the next day’s pay transfer, they will be charged $1.99 for the transaction.
On the other hand, if they request instant access to their wages, DailyPay will charge $2.99 for the transfer.
How Often Does Kroger DailyPay Update?
Employees can see their available balance on a daily bases because it updates as soon as Kroger adds your recent shift hours to DailyPay.
Therefore, once your shift is over, you can request money from DailyPay to pay your bills.
How Quickly Can You Receive Money From Kroger DailyPay?
Kroger DailyPay has two types of transfers for its employees. You can either get the money instantly or the next day.
If you choose DailyPay “Now,” the money will become available instantly, including nights, holidays, and weekends.
For this option, you’ll need to add your debit card number on the account page.
On the other hand, if you choose “Next,” transfers will be available the following day or the next business day.
How Often Can You Use Kroger DailyPay?
Fortunately, Kroger DailyPay is 100% voluntary; therefore, Kroger employees can use the service as often as possible and make up to three transfers per day.
Additionally, you can choose to make transfers as much as you need and have the money sent to your account automatically.
Therefore, you can change the frequency of the transfers under the “Payment settings” page on the DailyPay app or website.
Is Kroger DailyPay Safe?
When you sign up to use Kroger DailyPay, you simply transfer your earned salary to your account or card.
Therefore, Kroger uses bank-level security to secure and encrypt all personal information.
Therefore, Kroger employees get the exact cash they requested because the retailer reports the daily earnings as soon as possible, which is converted to the available balance.
Is Kroger DailyPay A Loan?
Kroger DailyPay is a paycheck advance and not a loan. Ideally, this system is an upgrade to the existing payroll system that enables hourly staff to access some of their pay much faster.
Therefore, the cash you receive from DailyPay is money already earned that has not been paid out to you.
Kroger DailyPay gives employees access to their earned wages before their PayDay. It acts as a Kroger paycheck advance; therefore, staff can withdraw their unpaid salaries based on the hours worked since the company updates the wages earned after every shift.
Furthermore, Kroger employees just need to register for a DailyPay account to start using the service. However, employees get charged a transaction fee depending on whether the cash transfer is instant or meant for the next day.