How does an advance paycheck work?

An advance paycheck, also known as earned wage access, allows employees to access a portion of their earned wages before their regular payday. This is typically facilitated through a digital platform or app, where employees can request an advance on the wages they've already earned for the pay period. The advanced amount is then deducted from their next paycheck. This system provides employees with financial flexibility, helping them cover unexpected expenses or manage budget shortfalls without resorting to high-interest loans or credit card debt.