Why do I need to report employee terminations?

We request that you report terminations in a timely fashion so that your employees’ DailyPay accounts can be properly settled when they end employment.

If these steps are not taken, the employee may wrongly be transferred earnings and DailyPay may not be correctly reimbursed for these transfers. You may be held responsible for any uncollected amounts resulting from a delay in reporting employee termination.

This is especially poignant for salaried employees. As their earnings appear on a daily pro-rated basis, canceling their accounts as soon as termination is reported will prevent them from gaining access to earnings past their date of final employment. 

How do I report an employee termination? 

When do I need to report an employee termination?