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Gusto Cashout employer overview

Gusto Cashout is a low-cost way for your team to cover emergency expenses before payday.

  • Employees pay a low fee*. 
  • There’s no extra cost and no extra work for employers.
  • Employers aren’t responsible for amounts employees cash out.

With Gusto Cashout, in partnership with Sunrise Banks, N.A., employees can cash out up to half of their estimated paycheck, with a maximum of $1,000, and their loan is automatically repaid through the regular payroll cycle. As an employer, Cashout is included in the cost of your Gusto plan – the only charge is a low fee* payable by employees.  

Our Cashout feature is here to make critical moments, such as paying unexpected bills, emergency costs, and stressful situations, more manageable while taking the stress off of employers. 

Offering Cashout to your employees

Gusto automatically evaluates each company’s eligibility for offering the Gusto Cashout benefit to employees. Employer eligibility is tied to information from your Gusto account, including your filing address, payroll history, account status, and other criteria. 

If Gusto determines that your company is eligible to offer Cashout, your company will automatically receive this feature and the Gusto Cashout benefit will be made available for all eligible employees. 

Employer benefits

  • Attract talent. Empower your team. Offer a benefit provided at large companies such as Walmart and Uber.

    • Based on a Gusto Survey of Cashout users, 52% of employees said Cashout would impact whether they accepted a job. 

  • Give your team peace of mind with Cashout.

    • Based on a Gusto survey of Cashout users, 89% reported less financial stress. 

  • Cashout is a smarter way for employees to cover costs when they need it most.

    • To access $400, you pay $4 with Cashout, while you could pay $35 with a bank overdraft fee, or pay $60 for a payday loan. 

  • There’s no extra cost, no extra work for employers, and employers aren’t responsible for amounts employees cash out.

Employer responsibility

You, as the employer, are not responsible for anything beyond your normal day-to-day operations. Your Gusto responsibilities include: 

  • Running payroll on-time.

  • Ensuring you have enough funds in your bank account to cover payroll (as always).

The Cashout program is issued by Sunrise Banks, N.A., Member FDIC and Gusto is servicing these Cashout loans. There are no adjustments required in payroll for cash outs taken by your employees. 

Opting out of Gusto Cashout

To deactivate the Gusto Cashout benefit for employees:

  1. Click the Benefits tab in your account.

  2. Click the Gusto Cashout tile at the bottom of the page.

  3. Deactivate the Gusto Cashout benefit for your employees.

    •  Note: Deactivating Gusto Cashout is final and you will not be eligible for reactivation.

Cashout example

  1. Your employee, Sarah, gets in a fender bender and needs money to get her car fixed. 

  2. To pay for repairs, she submits a cashout request based on wages she’s already earned.

  3. Sarah’s money arrives in her bank account the next business day.

    • Funds requested by 4pm Pacific Time will arrive on the next business day.

  4. A few days later, you run payroll as usual – no extra work on your end.

  5. The money Sarah cashed out, plus a low fee*, gets paid back from her paycheck automatically.


Q: If an employee leaves my company, am I responsible for the repayment?

A: No. If an employee leaves and has a remaining balance owed from a cashout, Gusto will work directly with the individual and recoup the funds outside of your company.

Q: Do I need additional funds to cover an employee cashout? Will I need to adjust my books?

A: No, you do not need additional funds to accommodate employee cashouts, and you do not need to record these payments or adjust your books.

*Based on a typical loan amount, Cashout is a less costly alternative to credit card late fees, overdraft fees, and payday loans. U.S. News, 2019 Credit Card Fee Study: What's Normal and What's Not? 2019; Center for Responsible Lending, Unfair Market: The State of High-Cost Overdraft Practices in 2017, 2018; Consumer Financial Protection Bureau, What is a payday loan? 2017.

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