Employee Financial Benefits
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[email protected]: Banking Benefits and Financial Education for Your Employees
[email protected] is a package of banking benefits that you can offer to your employees at no cost to you. It features banking discounts and BrandAcademy, our employee financial education program.
According to the 2014 results of PwC’s Employee Financial Wellness Survey, nearly one-fourth of employees report personal financial issues are a distraction at work, with 39 percent admitting they spend at least three hours a week dealing with personal financial issues. If employees are distracted with these issues, they are less productive. By offering a financial education program to your employees, you can help them learn how to budget and save so they are less worried about their financial situation. Slightly more than half (52 percent) of employees whose employers offer similar services have used the services.
Health Savings Accounts (HSAs)
If you offer a high-deductible health plan for your employees, they may be eligible to make pre-tax contributions into a Health Savings Account (HSA) to help cover qualified medical expenses such as prescriptions and co-pays. You can offer them a BrandBank interest-earning HSA with no minimum opening balance and convenient access via check, debit card or online banking.