The growing popularity of wage access apps is the newest symptom of America’s shortcomings.
It turns out our personal finances are in as bleak a state as they feel.
More than one-third of Americans say they couldn’t cover a $400 emergency expense in cash, and the average consumer has ~$5.7k in credit card debt.
To shorten the time between paychecks, more people are turning to wage access apps — services that offer users early access to earned funds in exchange for a fee, per Vox.
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CashCo is now working with a new payment processor, which will require you to provide an account number and zip code before submitting your payments.
Your account number consists of your 8-digit date of birth plus the last 4 digits of your Social Security number. For example, if your birth date is April 1, 1983, and the last 4 digits of your SSN are 1234, you would enter: 040119831234