Using Yuvo's Flexible Spending Account, an admin of a company can allocate budgets for different categories into employees' accounts.
The Flexible Spending Accounts can be split into categories like Insurance, Learning & Development, Rewards and Medical, where different amounts can be allocated based on a company's policy.
For Top up and Withdrawal, a request may be placed in the system via email at email@example.com. After details are verified, Yuvo will credit or debit the amount into the respective accounts.
Allocation of Flex fund into different Flex account is to be approved by Yuvo after verifying the details.
Approved Flex fund into individuals account into respective Flex group is visible by the individual in their wallet.