MyToast 1.7.0

Toast PayOuts is a feature that allows employees to receive their tips and wages directly after each shift. This convenient service eliminates the need to wait between paydays. To access Toast PayOuts, employees can simply download the MyToast app and order their Toast Pay Card for instant access to a portion of their earnings, free of charge.

Here's how it works:

1. After completing a shift, employees can view their tips and wages for Toast PayOuts in the MyToast app if their employer has made them available. It should be noted that settings for tax withholdings or deductions may differ. Employees can find more information on how Toast PayOuts are set and calculated by tapping the (?) in the app.
2. Employees can then accept the Toast PayOut offer in the MyToast app. There is no cost associated with using this service.
3. The funds can be spent immediately at any establishment that accepts Mastercard®.

The great thing about Toast Pay Cards is that they do not require any additional personal information or a bank account. This product can only be accessed through an employer. Toast Pay Cards are issued by Sutton Bank and are members of the FDIC. They are licensed by Mastercard®. Please be aware that both Toast and WebBank have the right to modify or discontinue this program as they see fit. Additionally, Toast Pay Card and PayOut are only available to Toast Payroll customers and may not be available in all jurisdictions.

Please remember the following:

• The availability of Toast PayOuts varies depending on the employer. Employees can check the MyToast app to see if their employer offers this feature. The availability may also be limited to account for taxes, withholdings, and deductions.
• Availability of tips through Toast PayOuts may be delayed for restaurants that use Toast Tips Manager for tip pooling. Typically, tips are available after the tip pool is approved and sent to Toast Payroll, which is usually the next calendar day.
• To access Toast PayOuts, employees must receive their wages via the Toast Pay Card. Tips will be paid onto the Toast Pay Card as if they were given in cash. Employers will advance wages during the pay period, and the amount will be subtracted from the total wages paid on payday.

Lastly, it is worth mentioning that Toast Pay Cards do not have any associated ATM withdrawal or other fees. However, third-party ATM operators may charge a fee unless the MoneyPass® Network is used. Over-the-counter withdrawals at third-party financial institutions may also incur a fee unless the institution is a member bank of Mastercard®.

MoneyPass is a registered trademark owned by Fiserv, Inc.