Give your people choice over when they get paid

Frequently asked questions

How much does it cost for employees to access earned wages?

There is a fixed fee of £1.95 each time a transfer is made. This is paid by the employee unless you decide to subsidise it.

How much does Wagestream charge to provide Earned Wage Access?

Please book a demo and speak to Sales about bespoke pricing appropriate to your size and needs.

Is Flexible pay a loan or credit?

No. We only ever give employees access to money they have earned to that point, not to their future earnings. The FCA has confirmed that Flexible pay ‘does not involve the provision of credit.’

What is the impact of Earned Wage Access on my payroll process?

Our technology has been designed to have a minimal impact on company payroll processes – we’d be happy to provide you with more details.

Who provides the funds to employees?

Wagestream has a revolving credit facility with an FCA authorised banking institution. From this facility we can provision funds to the employer to enable its employees to access a proportion of their earned wages via the Wagestream app.

Is there a limit to how much employees can access?

Yes. They can’t access more than 50% of their earned wages – you can set this lower if you wish. There is also a monthly withdrawal limit of £1000.