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Gusto Cashout employer overview

Gusto’s banking partner, Sunrise Banks, loans employees up to half of their earned wage amount (or $1,000 - whichever is a lesser value) and their loan is automatically paid back from their paycheck.

  • This is done free of charge to you as the employer - the only fee is a 1% fee* per cash out, payable by the employee. 

Offering Gusto Cashout to your Employees

Gusto automatically evaluates each company’s eligibility for offering the Gusto Cashout benefit to employees. 

  • Employer-eligibility is directly tied to information from your Gusto account and includes 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 be opted-in and the Gusto Cashout benefit will be made available for all eligible employees.

Employer Responsibility

You as the employer are not responsible for anything beyond your normal day-to-day operations. That includes:

  • Running payroll on-time

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

Sunrise Banks is providing the Cashout loan to employees, and Gusto is servicing this Cashout request - there are no adjustments required in payroll for cash outs taken by your employees.

  • You are never debited for anything in regard to Gusto Cashout.
  • There is no additional money needed in your account to accommodate employee cash outs.
  • You do not need to adjust your books.
  • You do not need to record these payments.

Opt-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

    • Important: Opting-out of Gusto Cashout is final and you will not be allowed back into the program.


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 loan, Gusto will work directly with the individual and recoup the funds outside of your company. 

Q: What states is Cashout currently available in?

A: Cashout is currently available in all states except AZ, MA, ME, WV, IL, NV, NH, NJ, ND, OR, PA, and VT. 

*APR varies based on the term of the loan. For a loan amount of $400 over an 8-day term until the next payday, the APR would be 45.63%, and the repayment amount would be $404.