MyToast is a free iPhone app developed by Toast Inc. that allows users to take control of their finances and get paid instantly after every shift with Toast PayOuts. With this app, users can order their Toast Pay Card and gain access to a portion of their tips and wages without having to wait for payday.

The app works by making the tips and wages available for Toast PayOuts visible in-app after each shift. Users can then select the amount of money they want and there is no cost to use this service. The funds can be spent instantly anywhere Mastercard® is accepted, providing users with convenient and immediate access to their earnings.

One of the key advantages of MyToast is that it does not require users to provide extra personal information or have a bank account. This product can only be accessed through an employer, ensuring security and privacy. The Toast Pay Cards are issued by Sutton Bank, Member FDIC, under a license by Mastercard.

Please note that access to Toast PayOuts may not be immediate in some cases. If restaurants tip pool using Toast Tips Manager, the payouts of tips will be available after the tip pool is approved and sent to Toast Payroll, typically the next calendar day.

Overall, MyToast is a user-friendly app that provides employees with a convenient way to access a portion of their wages and tips instantly. It eliminates the need to wait between paydays and offers a secure and efficient financial solution. However, it is important to note that Toast PayOuts are limited to a portion of wages and tips to account for estimated taxes, withholdings, and deductions. Additionally, this service is only available to Toast Payroll customers and may not be available in all jurisdictions.