Fifth Third Bank, National Association, announced that it is partnering with Steady and its innovative application to help the Bank’s customers find work and maximize their earnings opportunities. The partnership is one of the Bank’s initiatives to assist people who are experiencing financial hardship due to the COVID-19 pandemic, a time when more than 44 million unemployment claims have been filed.
“There is no doubt that our two million members face daunting financial challenges, driven by a massive Covid-19-driven increase in the unemployment and underemployment of both W-2 and 1099 workers”
“Our role as a bank is to empower our customers to reach their financial goals,” said Greg D. Carmichael, chairman, president and CEO of Fifth Third Bank. “We are excited to partner with Steady to connect our customers with additional resources and income opportunities, and to help them continue to move towards achieving their goals, even in times of financial hardship that many are experiencing with the current pandemic.”
Steady offers an application that allows consumers to build a profile, enter their skills, and set work preferences like geography, work hours, and pay rate. They are then matched with job opportunities that might be a good fit and can apply to those positions online.
“There is no doubt that our two million members face daunting financial challenges, driven by a massive Covid-19-driven increase in the unemployment and underemployment of both W-2 and 1099 workers,” said Steady Co-Founder and CEO Adam Roseman. “And while the CARES Act has addressed near-term financial challenges of many, but certainly not all, many workers will face significantly enhanced turbulence after expanded unemployment insurance payouts expire on July 31. That’s why solid partnerships between financial institutions like Fifth Third Bank and Steady’s income enhancing tools are critical in helping workers deal with economic uncertainties.”