.png)
At a time when many people in the Czech Republic are living paycheck to paycheck, new ways are constantly emerging to provide employees with greater financial flexibility. One of them is the concept of Earned wage access – a benefit that allows access to a portion of your earned wages at any time during the month. Earned wage access is sometimes mistakenly considered a form of loan. In fact, it is Earned wage access a real alternative to loans – ethical, interest-free and without the risk of debt.
What is Earned wage access ?
Earned wage access is a service that allows employees to withdraw a portion of their salary corresponding to the hours they have already worked – regardless of the pay date. Workers can see how much money they have available in the application and can decide for themselves when and how much of this amount they want to transfer to their account. The system is connected to the company's attendance and payroll systems, the entire process is fully automated and transparent.
Earned wage access ≠ loan
The main difference between Pay Anytime and a loan is that the employee does not take out extra money, but simply gains earlier access to what they have already worked for. Unlike loans, which involve interest, approval, arrangement fees, and can lead to debt, Earned wage access It does not contain any interest or hidden fees. The employee is therefore not exposed to the risk of debt and does not have to go through the approval process typical of loans.
Practical example: what "quick help" really costs
Example of a situation: An employee needs CZK 4,000 for SVP for his son.
Option A – Earned wage access via Advanto:
- fixed withdrawal fee: 0-69 CZK
- no repayment, no APR
Option B – loan from a non-banking company:
- loan 4,000 CZK with maturity of 1 month
- brokerage fee 1.99%
- interest rate of 3.97%
- total costs 317.6 CZK
- risk of penalty in case of delay
Earned wage access is on average 10 times cheaper and completely free of interest charges or debt risk.
Short-term loans can solve acute problems - but at the cost of stress, high costs and often a vicious cycle of debt. Earned wage access on the contrary, it helps prevent these situations before they happen. It is a tool built on transparency, flexibility and respect for employees.
Benefits for employees
- access to your own paycheck without waiting
- less stress and more confidence in unexpected situations
- no debts or repayments
Benefits for employers
- higher team satisfaction and stability
- lower turnover (according to our data by up to 31%)
- increasing the attractiveness of the employer
- reduced financial stress = more productive employees
Earned wage access not a loan
Earned wage access represents a modern and ethical approach to payroll that reflects the needs of today's employees. Unlike loans, it gives employees access to money they've already earned - without interest, approval, and without the risks associated with loans. It helps when it's needed. Simply, fairly, effectively. Do you want to provide flexibility and a helping hand to your employees? Contact us .
*All examples of loan terms are based on publicly available offers from non-bank lending institutions in May 2025.
.png)
