These Apps Give You Paycheck Advances, but There Could Be Costs [CNET News]
Bloomin' Brands, Inc. (BLMN)
Last bloomin' brands, inc. earnings: 2/18 07:00 am
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Source: CNET News
workplace benefit that lets him tap part of his hourly wages before payday: the DailyPay app. DailyPay delivers what its name promises. The app displays your accrued earnings in the current pay period, and asks how much you'd like to have sent to your bank account. If you wait a day or so, the transaction is free. To get your cash right away, you have to pay a $3 fee. Ryan typically can't wait. He drives 30 minutes each way per shift, four times a week, to get to his job in Christiansburg, Virginia. With gas prices hovering near all-time highs , the early access to his wages lets Ryan fill his tank and make it to his shifts. Still, the DailyPay fee represents a toll on his total compensation, he says. "It's not the full amount of what you'd get if you waited," said Ryan, who's leading a unionization effort at his store. "But people can't afford to wait." Ryan isn't the only hourly worker using an employer-provided app to tap wages between paychecks. Largely unregulated, earned
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News
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BLMN
Earnings
- 2/23/24 - Beat
BLMN
Sec Filings
- 4/24/24 - Form 8-K
- 4/4/24 - Form 8-K
- 3/25/24 - Form DEFA14A
- BLMN's page on the SEC website