Eligibility Requirements for Employees

This page provides a concise summary of the eligibility criteria employees must meet in order to qualify for a BeneMoney loan. These requirements ensure that loans are issued responsibly and are in alignment with program rules. 

Core Eligibility Requirements 

Based on BeneMoney program guidelines, an employee must meet all of the following criteria: 

• Active Employment with the participating employer 
• At least 18 years old 
• U.S. Citizen or Permanent Resident 
• Meets minimum income requirements – loan payment amounts cannot exceed 8% of the total paycheck. 
• Meets minimum tenure requirements (length of time employed) - This timeline is personal to your company.  

How Eligibility Is Determined 

Eligibility is automatically determined in our system each payroll cycle using the Eligibility (Census) File your company provides. This file includes: 

• Employment status 
• Payroll frequency 
• Tenure- and income‑related data 

This automated process ensures accurate, up‑to‑date eligibility evaluations for every employee. 

Please see Census File Formatting Article for additional information on the Census File.