ONE@Work (formerly Even)

ONE@Work (formerly Even) is a financial wellness app designed as an employer-provided benefit. It helps workers manage their earnings, budget effectively, and gain greater control over their finances directly through their workplace. The platform aims to provide financial stability and reduce stress between paychecks.

What is ONE@Work (formerly Even)?

This is a specialized financial tool offered by employers to their employees. Its core purpose is to help hourly and salaried workers better manage their income by providing early access to earned wages, automated savings, and budgeting assistance. The primary target users are individuals who want to smooth out their cash flow and avoid costly overdraft fees or payday loans.

Why Should You Use ONE@Work (formerly Even)?

Users choose this platform for its direct integration with their employer’s payroll system, offering a seamless and secure experience. It provides a structured approach to personal finance without requiring significant manual effort. Key advantages include mitigating short-term cash shortages, automating savings goals, and gaining clarity on upcoming pay.

Key Features of ONE@Work (formerly Even)

  Instapay: Allows eligible users to access a portion of their net earned wages before the scheduled payday.

  Paycheck Tracking: Provides a real-time view of hours worked and estimated upcoming pay amount based on your schedule.

  Automated Savings: Users can set a percentage of their paycheck to be automatically diverted into a savings account.

  Budgeting Tool: When linked to an external bank account, the app analyzes your finances to calculate a safe-to-spend amount.

Additional Features

Employer-Sponsored Access

The app is exclusively available as a benefit provided by participating companies, ensuring integration with official payroll data.

FDIC-Insured Savings

Funds saved through the automated savings feature are held in partner banks, making them FDIC-insured up to the legal limit.

How to Download and Install ONE@Work (formerly Even)

1.  Check with your employer’s HR department to confirm they offer ONE@Work (formerly Even) as a benefit.

2.  Visit the Apple App Store or Google Play Store on your mobile device.

3.  Search for "ONE@Work".

4.  Tap "Download" or "Install" to get the app.

5.  Open the app and follow the on-screen instructions to register using your work credentials.

How to Use ONE@Work (formerly Even)

After confirming your employer’s participation, download the app and create an account using your work email or employee ID. Once logged in, you can connect your external bank account for budgeting, set up your automated savings percentage, and, if available, review your schedule and use the Instapay feature.

Advantages and Disadvantages

Pros

  Provides a legitimate and often low-cost alternative to high-interest payday loans.

  Automates the savings process, making it effortless to build a financial cushion.

  The employer-based model ensures accurate earnings and schedule data.

  The interface is generally straightforward and user-friendly.

Cons

  Access is completely dependent on your employer offering the benefit.

  Instapay availability and specific features can vary by employer and state regulations.

  Requires linking a personal bank account for the full budgeting functionality to work.

Is ONE@Work (formerly Even) Safe to Use?

Yes, the app is safe to use. It operates as a legitimate financial wellness benefit offered through employers. It uses encryption and other security measures to protect user data. Savings accounts are provided by FDIC-member banks, insuring funds up to $250,000. Always review the app's privacy policy for details on data handling.

Compatible Apps or Tools

ONE@Work (formerly Even) is designed to work alongside your primary banking app. It requires a connection to your external checking account from any major U.S. bank to fully utilize its budgeting and early wage transfer features.

FAQs

Is there a fee to use ONE@Work?

Typically, the core app is provided free by employers, but always check for any potential fees associated with specific transactions like instant transfers.

Can I use ONE@Work if I change jobs?

No, your access is tied to your current employer. If you change jobs, you will no longer have access unless your new employer also offers the benefit.

How quickly does Instapay transfer money?

Transfer speeds can vary. Standard transfers may take 1-2 business days, while instant transfers to a debit card usually arrive within minutes, sometimes for a small fee.

Is my financial data sold?

According to its policy, the app does not sell user data to third parties for marketing purposes. Data is used to provide and improve the service.

Conclusion

ONE@Work (formerly Even) is a valuable employer-sponsored tool for individuals seeking more control over their cash flow. It effectively combines early wage access, automated savings, and budgeting into a single platform. If your company offers this benefit, it is certainly worth exploring to enhance your financial wellness.