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Get Paid for Getting Paid Early

Get Paid for Getting Paid Early

Grit Financial offers a unique banking experience that allows employees to access their earned wages early. In addition to the early wage access, Grit Financial offers other benefits such as earning 3.0% APY interest paid daily on account balances, with no minimum balances or monthly fees. Users can receive up to 60% of their earned wages the following day, which is automatically repaid when their monthly wages hits their Grit account. These features are available with the Grit Advance + Debit Card account.

With Grit Financial’s VISA Debit Card, users can also earn 0.5% cashback paid daily on debit card purchases, which is particularly beneficial for low-income Americans who primarily utilize debit cards for payments. According to a report by the Federal Reserve Bank of Boston, approximately 30% of all payments by Americans are made using debit cards. A study by ValuePenguin found that low-income Americans use debit cards for more than 50% of their payments.

Grit Financial Debit Card Spending chart from Statista 2023
Debit Card Spending Statista 2023
Grit Financial Payment Method Share of Spend Impacted by Income Chart
Grit Financial Income to median account balance
Source: Federal Reserve

Grit Financial’s unique business model relies on revenue from merchant fees from debit card transactions, combined with a very low cost structure. The model is based on several critical new technologies, such as platforms like:

  • Plaid and Argyle which interface with the majority of payroll and banking systems,
  • Sophisticated mobile-based identity verification platforms from companies like Persona and Prove
  • Robot process automation software, which allows Grit to interface with legacy systems without an API.

By using Grit Financial’s services, users can save money and improve their credit scores. According to a study by the Consumer Financial Protection Bureau, overdraft fees cost consumers an average of $250 per year, and the median value of an overdraft fee is $34. For example, a teacher making $70,000 per year could get up to $400 on average in interest and cashback above what they would get from a traditional bank, in addition to up to $600 in savings on late and overdraft fees.

Grit Financial Households with 1+ Incidents Last Year Chart
Grit Financial Households with 1+ Incidents Last Year Graph
Source: Doxo

Overall, Grit Financial offers a no-fee banking experience with flexible payment options and a suite of money management tools. Sign up now.


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Wendy Oliver

A seasoned lawyer and legal compliance expert specializing in the financial sector, Wendy has worked in large law firms and as in-house counsel for companies such as Bank of America and OnPoint Credit Union, and educational institutions such as the University of Chicago and Duke University. She’s also worked at a fintech startup, a consumer lender and a large credit union, as well as running her own practice advising financial institutions.
Well-versed in the ins and outs of disclosures and agreements, contracts and corporate matters, Wendy is most excited about helping others to achieve financial stability, something she had to grapple with herself in her younger years and as a law student. Her goal is to ensure Grit’s financial wellness tools not only help people through financial emergencies, but also establish long-term habits for financial success.
How she got her financial grit: “In college, when I was living off loans and part-time work, I had a budget and that really helped me. After college and law school I had loans to pay. Budgeting and understanding where your money goes can really make a difference in your financial security.”


  • General Counsel, OnPoint Credit Union
  • Chief Compliance Officer, Aven
  • Asst. General Counsel, Bank of America
  • Duke, U. of Mich, U of Chicago


  • Led compliance function for the industry’s first Home Equity backed Credit Card
  • First GC at Oregon’s largest credit union preparing institution for crossing $10B threshold


  • 30+ years of experience in Banking Legal and Compliance including Startups, Scale Players, & Regional Players