Where are my funds being stored? Are they safe?
Question
Where is my money stored, and how is it protected?
Answer
Your Tip Payouts funds are stored securely and safely with the Republic Bank of Chicago. The Republic Bank of Chicago is a trusted financial establishment that insures your deposits up to $250,000 through the FDIC. 7shifts does not hold onto any funds in this process and only executes transactions on your instruction.
⚠️ Important: As of June 30, 2026 the 7shifts Tip Payouts feature will no longer be available in the 7shifts app. We know waiting weeks for payday is hard on hourly workers, so we're partnering with Clair to bring employees free, on-demand access to their earned tips and wages directly in the 7shifts employee mobile app. No float required on your end, no extra admin work. Your tip pools are not affected. Learn more about the transition to On-Demand Tips with Clair here.