Prezzo offers staff ‘income streaming’

Prezzo has teamed up with Wagestream so its 3,000 employees can access their furlough pay early.

Wagestream offers workers early access to their accrued pay when they need it, allowing them to withdraw a percentage of their earned wages for a flat £1.75 fee. There are no loans and no interest is charged.

Prezzo said offering staff the income streaming service would help them cope with additional pressures bought on by the coronavirus.

“We are currently doing everything we can during these difficult times to support our Prezzo people whilst they are furloughed,” said Jacqueline Rouse, people director at Prezzo.

“Wagestream is a really great way of being able to provide that support by giving our people access to their pay earlier than they would otherwise receive it and helping to ease their money worries as much as possible.”