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Reports & insights
The nation’s invisible bank – US edition
American employees are paying to work – and the cost is spiraling. In 2019, we exposed a hidden truth: employees were quietly funding their workplaces by covering business expenses from their own pockets. Six years on, this invisible bank is bigger than ever.
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Million of US employees are acting as interest-free lenders to their employers – to the tune of $48 billion in business expenses.
With inflation surging and living costs rising, slow reimbursement systems are leaving more and more employees struggling. Resulting in financial stress, disrupted operations, and a workforce stretched too thin.
Download the full report to learn more about the scale of this cashflow crisis and how, with modern payment technologies like virtual cards, we can close the invisible bank – for good.
