Division of Financial Services
Payroll
Cornell has chosen DailyPay/Wisely to provide earned wage access (EWA) services to eligible Cornell employees.
These services are entirely optional. Read more about the Two Service Options and see How It Works below for more details.
These services are available to Cornell employees who earn less than $200,000 per year. They are not available to student employees.
Which service you choose depends on how and how often you want to receive funds. Both options provide a mobile app: DailyPay and myWisely. You can download the apps for iOS and Android mobile devices from the Apple Store or Google Play Store.
Here are the primary differences, but see the individual sections below for more details:
You can't use both services at the same time. If you want to use either, enroll in DailyPay first. After that, you can choose Wisely if you prefer. To select Wisely, toggle the Wisely option in the DailyPay app.
If you would like to enroll, visit the DailyPay webpage specific to Cornell.
Once enrolled as a DailyPay customer, you can request an advance based on your available transfer balance. You must have a bank account, debit card, or prepaid card to enroll with DailyPay. You can use the DailyPay app to manage your account, add or update your direct deposit information, view your balance, and request transfers.
You can request an advance multiple times each week to your bank account, debit card, or prepaid card. Fees are as follows:
On your regular Cornell payday, DailyPay deposits your final net pay, minus any advances you received during the pay period, into the account you specify.
As a DailyPay customer, DailyPay's partnership with Wisely gives you two more ways to get your pay. You don’t need a bank account or a credit check to use Wisely. Your pay is deposited into a Wisely debit card or Wisely account. You don't need a bank account or a credit check to use this service. The card works like any other debit card. You can use it for purchases in stores and online.
There are differences between the Wisely and the Wisely EWA services:
With both options, you can use the myWisely mobile app to view your balance and make changes to your account.
If you decide to cancel or switch from Wisely to DailyPay, you can cancel it when your account balance is $0. In your myWisely account settings, toggle the Earned Wage Access from on to off. Your cancelation will be completed at the beginning of the next pay period.
For questions, technical support, or to deactivate your DailyPay or Wisely account, contact the respective support team.
Normally, you see your compensation and paystubs in Workday and receive a paycheck at standard intervals: biweekly for non-exempt hourly employees or semimonthly for exempt salaried employees. If you choose to enroll in these services, Cornell will still process payroll according to its Pay Calendars, and you will continue to see your paystubs in Workday, but your payment elections in Workday must change. See Direct Deposit and Paper Checks below.
As we do with many of our third-party service providers, Cornell has negotiated a contract with DailyPay/Wisely that specifies Cornell will share only the data necessary to enable eligible employees the option to enroll in and have immediate access to the EWA services.
Using these services does not change the amount or timing of benefit deductions or taxes withheld from your paycheck. DailyPay/Wisely only receives your estimated earned net pay, which is used to determine the amount of advance funds made available to you. DailyPay/Wisely does not receive information about your benefit deductions or tax withholding. These services do not affect the payroll process. Cornell continues to process payroll and pay employees on a biweekly or semimonthly basis.
If you have set up direct deposit in Workday before, when you enroll in these services, your payment elections in Workday must be updated.
If you choose Wisely (non-EWA), you will manually update your banking information to your Wisely debit card or account. On payday, Cornell will send your paycheck to the account information in Workday.
With DailyPay or Wisely EWA, you must enter your direct deposit details in the DailyPay app:
If you choose DailyPay or Wisely EWA:
After you enroll with DailyPay or Wisely EWA, you cannot change your payment elections in Workday yourself. If you unenroll in DailyPay/Wisely EWA, DailyPay will set your direct deposit details in Workday to the banking information you used with your DailyPay account. You will be able to change it thereafter.
If you currently receive paper checks, you won't get them anymore if you enroll in these services. If you enroll for DailyPay/Wisely services, you must either provide your banking information to DailyPay for direct deposit purposes or accept your Cornell paycheck on a Wisely debit card (which you can use without a bank account). See Direct Deposit above.
DailyPay determines the estimated earned net pay available for use as a percentage of your regular compensation and hours worked to date during the pay period. This amount is based on the hours entered into Workday for non-exempt employees, or on base salary for exempt employees. DailyPay calculates how much of that estimated amount is available for use, minus any advance funds you have already taken during that period.
Cornell continues to process payroll and pay employees on a biweekly or semimonthly basis. DailyPay/Wisely deposits your net pay, minus any advances taken during the pay period, into your account.
Missing or inaccurate timekeeping will prevent hours from being recognized by DailyPay/Wisely EWS. As a result, access to funds through their services could be delayed.
The available transfer balance in your DailyPay/Wisely EWA account will fluctuate. Here’s how that process works in the DailyPay app:
