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Gusto
p/gustoThe all-in-one people platform for payroll, benefits, HR
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Tomer London

Gusto Wallet - Supercharge your paycheck to work harder for you

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Introducing Gusto Wallet, the new *free* financial health app for employees paid with Gusto. Gusto Wallet helps employees save automatically for the future using Cash Accounts, access money between paydays using Cashout, and more.

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Tomer London
Maker
So excited for this launch today! Today we’re announcing new no-cost and low-cost benefits built for small businesses--and their employees. Gusto Wallet is the new free financial health app for employees paid with Gusto. Gusto Wallet includes Cash Accounts and Cashout, along with other paycheck tools. Cash Accounts earn 8X the national savings rate and enable employees to save from each and every paycheck, automatically. Employees can also get a tap-to-spend debit card. Cashout helps employees access cash between paydays when the unexpected hits, helping to avoid expensive feeds that can make a bad day worse. We’re in the process of rolling out these new products. So if you use Gusto, be sure to jump in and request access from your Benefits tab.
Chris Messina
Top Hunter
@tomerlondon how many employees who are paid via Gusto don't already have their own banking solution? Is this product simply enabled by managing companies' payroles? What happens if an employee leaves the company that's paying them through Gusto?
Jonah Price
@tomerlondon @chrismessina From the FAQ: What happens if I leave my job? You can keep your Cash Accounts (i.e. your savings goals and spending account) or close them — it’s your money to do as you like. You’ll still have access to Gusto Wallet both in the app and in your Gusto account. And if you want paychecks from your next job to go to your spending account or savings goals, you can set that up too — just like a regular direct deposit.
nahtnam
Probably won't end up using it but I have to say, telling users what their expected taxes is going to be is a pretty sick feature
David Coonin
Hi Tomer, Great product! Would like to learn more. I thought there would be an interest in connecting to share on both sides. Our company, Productfy.io, is a VC backed secure, cost effective, and easy-to-integrate platform for building fintech apps or adding financial products to core offerings. If there is interest, it would be great to connect for a short call to explore how we can add value. Quick background on us: Productfy’s platform offers a suite of features including KYC, ACH, deposit accounts, card issuance, and credit profiles backed by programmatic due diligence that scales with multiple banking and finserve partners. With embeddable fintech widgets wrapped in a unified API, customers have access to a single unified platform that provides the building blocks to accelerate innovation and launch world-class products. With Productfy, you can configure in less than an hour, begin integrating in days and launch in as little as 3 weeks. Looking forward to connecting! In the meantime you can play in our sandbox to see how easy it is to configure a fintech and integrate with our platform: https://user.productfy.io/user/s...
Jash Sayani
This is useful for new grads. But when you own a home and have a checking, savings, mortgage, HELOC, credit cards, loans, etc. with a single bank, its more convenient to stick with your bank for paychecks.