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    Earned wage access, or EWA, is a company benefit that allows employees to receive part of their paycheck before payday. Also called on-demand pay, it's frequently an option for hourly workers. Companies like Walmart, Amazon and McDonald’s offer EWA as part of their benefits.

    Fees are often a few dollars, and you can receive the money within a day or two — or instantly, for a fee. The amount you receive early is deducted from your upcoming paychec
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    Waiting for payday can be difficult, especially if an unexpected expense arises before your check. Some employers answer this problem by offering "earned wage access," which allows employees to draw money from their paycheck before payday.

    While the ability to access money as you earn it can be a helpful company benefit, it could also make budgeting more difficult in the long term — and you may wind up paying fees to access your earnings.

    Here’s what to know about earned wage access, and what to consider before using it.
 
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