HoneyBee Financial Wellness

What HoneyBee Financial Wellness is

HoneyBee Financial Wellness is an employer-sponsored benefit that gives employees access to financial support, education, and optional coaching. It is available to employees of partner organizations, who register with a company code, using a computer or the Apple and Android apps. The service is paid for by the company, and employer pricing is available on request.

Its cash options address different needs. Honey Cash provides extra cash for minor expenses, starts at $25, requires no credit, and is repaid in one payment. Honey Funds provides no-cost funds for unplanned bills, starts at $100, requires no credit, and is repaid in four payments; it is listed for full-time employees who have worked for six months. Honey Academy offers live and recorded workshops and educational resources in English for full-time and part-time employees. Optional 30-minute Bee Financial Coach sessions are available by phone or video call to both full-time and part-time employees. HoneyBee identifies Neighborhood Trust as its financial coaching provider.

HoneyBee says it uses Plaid to retrieve bank account and routing numbers and does not store bank account usernames or passwords. Its terms say information transmitted between Plaid and HoneyBee is encrypted over 256-bit SSL. The company’s terms identify Ziero Financial as the operator, headquartered in California; HoneyBee was founded in 2015 and is headquartered in San Francisco.

Who it suits

HoneyBee suits employees whose employers offer the benefit and who want financial education, optional coaching, or help with expenses and bills. Honey Academy and coaching are available to full-time and part-time employees; Honey Funds is listed for full-time employees with six months’ tenure.

Limits

Honey Funds is listed for full-time employees with a six-month tenure requirement. It starts at $100 and is repaid in four payments; Honey Cash starts at $25 and is repaid in one payment. Both options require no credit.

Getting started

1. Check whether your employer is a HoneyBee partner organization.
2. Get the company code needed for registration.
3. Sign up on a computer or through the Apple or Android app.
4. Explore Honey Academy, optional coaching, and the cash options available to you.

Verdict

Choose HoneyBee if your employer offers it and you want a mix of financial education, optional coaching, and cash options for expenses or bills. Check eligibility before relying on Honey Funds, which is listed for full-time employees with six months’ tenure; the service is limited to employees of partner organizations.