As a DailyPay partner, we want to prepare you for changes coming from our provider soon.
DailyPay has announced that they will have a pricing change go into effect on 11/17/22 and their instant transfer fee through (traditional) DailyPay will increase to $3.49.
That said, they will also be introducing a new product on 10/25/22 that will allow you to omit bank transfer fees altogether: the Friday Card by DailyPay
Friday by DailyPay is a Visa Prepaid Card that provides users with no-fee, instant on-demand pay.
The Friday Card omits the hidden fees that are typically tied to traditional banking. With the Friday Card, enjoy:
No minimum balance requirement
No monthly fee
No in-network ATM fees through Allpoint ATMs
No domestic purchase fees
No customer service fees
No overdraft fees (the card is a prepaid card and does not offer overdraft protection or access to unearned wages/credit features/loans)
Signing up for Friday is easy. Once you’ve downloaded the Friday mobile app from the App Store or Google Play, open the app and follow the on-screen instructions to register for your Friday Card. You’ll need to enter and confirm your identity by providing information like your name, address, date of birth, and social security number – but don’t worry, there is no credit check needed to open a Friday Card, as this is not a credit card. Identification verification is required.
Please note: Friday is currently only available to DailyPay users at this time. If you are eligible for or already enrolled in DailyPay, make sure to register using the credentials you have on file with DailyPay.
After signing up with Friday Card, all of the instant transfers advanced will be free. As usual, 20% of your balance and any unadvanced amount will be sent to the Friday Card on Friday, not to your personal bank account.
For more information about this topic, you can visit their site HERE.