Culver City, California, February 26, 2024 – In keeping with its goal of seeking ways to create a better working future for all, Servicon, a leading hospital environmental services (EVS) and commercial cleaning services provider, has launched Branch.
Branch’s free, on-demand pay program enables Servicon hourly employees to access up to half their pay (up to $1,000) without waiting until the end of each pay period. This makes the money available to cover emergencies and other unforeseen circumstances without the need to take out high-interest loans.
Branching Out
Branch offers a free digital bank account and debit card backed by FDIC-insured Evolve Bank & Trust where funds can be easily used or transferred to an employee’s bank of choice. The app can be downloaded and ready to use in as quickly as 90 seconds. Employees can make purchases via Apple Pay and Google Pay. Branch can be used for in-person or online purchases and gives cash-back rewards similar to other credit and debit cards for purchases from an estimated 2,000-plus approved merchants. Users can access up to eight free ATM transactions per month at more than 55,000 ATMs nationwide.
“We feel launching Branch now is especially good timing with the economy the way it is and things being more expensive,” says Servicon Payroll Manager Liliana Monter, who is the lead on the Branch rollout. “In the past, many employees had to use payday lenders and similar entities for loans with interest rates that are sky high. Branch gives them the best option for getting cash at zero cost to them. When they are short on rent, the car needs repairs, or there is another emergency, they can ‘borrow’ from themselves without the high interest rates. It puts the money they would have spent on interest for a loan back in their pockets. It lets them spend that $100 or $200 on other things they need.”
Monter estimates at least 20% of Servicon employees will download Branch within days of its launch and is hopeful all eligible workers will eventually. “For many people, Branch means peace of mind, knowing they will have the money when they unexpectedly need it,” she says.
The idea to implement Branch was born from Servicon’s ongoing efforts to create a better, more equitable working future for essential workers who are unable to work from home and enjoy other benefits available to other professions. Branch is a benefit Servicon hopes other employers will consider.
About Servicon
As a leading commercial cleaning provider, Servicon is dedicated to providing critical cleaning services and facility maintenance for complex facilities nationwide. We service various industries, including aerospace, healthcare, life sciences, municipal, and manufacturing. At Servicon, we live by our purpose: to elevate the industry and provide healthy environments for people to thrive. As a privately held, certified women-owned and operated company, we work and live by our vision of creating a better working future. To learn more, please contact us.
About Branch
Branch is the leading workforce payments platform that delivers faster, more flexible options for people to get paid. Whether it’s sending earnings to employees or contractors, companies choose Branch because they know that faster payments can help them strengthen worker loyalty, save time and money, and drive business growth. Earners that sign up with Branch can receive a free bank account, instant access to earned wages, rewards, and personal finance tools to help them manage their cash flow between paychecks. To learn more about Branch, visit branchapp.com.
