Some of the pay you have already earned, a few days early
If your employer offers StatimPay, you can reach part of the money you have already worked for before payday arrives. There is no loan and no credit check, and nothing to repay separately: it comes off your next payslip.
This page explains exactly how it works and exactly what it costs, so you can decide before you sign up for anything.
What is earned wage access?
Five things worth knowing before you decide whether to use it.
It is your own pay, just earlier
You are reaching money you have already worked for, before your normal payday. It is not a loan and it is not credit. There is no credit check, and using it has no effect on your credit score.
Only hours your employer has sent count
Your employer sends us the hours they have already approved. You cannot take money against hours that were not submitted, and you cannot take everything you have earned.
You see the cost before you confirm
£1.80 for each withdrawal, the same at every employer. No interest. No variable rates. A flat fee only. The flat fee is shown in the app before every withdrawal is confirmed.
There are limits, and they are your employer's
You cannot take everything: at most 50% of your estimated net earned pay, and your employer can set it lower. Up to 5 withdrawals per rolling 7-day period. The limits exist so taking money early does not leave you short on payday.
It comes off your next payslip
Your employer deducts the amount you took and the fee through payroll, normally shown as a separate line on your next payslip. That is how it comes back.
If your employer has not offered this to you, it is not something you can sign up for on your own.
What actually happens, step by step
Five steps, from the shift you worked to the line on your payslip.
- 1
You work your shifts
Your employer sends us the hours they have already approved.
- 2
You see what is available
The app shows what you can take right now.
- 3
You see the cost first
The fee, and exactly what will land in your account, before you decide.
- 4
You confirm
Inside your employer's limits it goes straight through, sent to your bank account by UK Faster Payments.
- 5
It comes off your payslip
Your employer deducts it through payroll, normally as a separate line. Nothing else to pay, nothing to arrange.
What this is not
The things people worry about with money apps. None of them happen here.
- A loan, or creditYou are taking your own pay, so there is nothing lent and nothing owed.
- A credit checkThere is no credit check, and using it has no effect on your credit score.
- Interest, or a growing costOne flat fee, shown before you confirm. It never grows afterwards.
Your employer sees your withdrawals: the amounts, the dates, and any risk flags. They do not see what you spend the money on.
If money is a serious worry right now, free and independent help is available from MoneyHelper (opens in a new tab), the UK government-backed money guidance service.
What it costs, before you ask
You see this in the app before you confirm anything. There is nothing else.
What it costs you
A flat fee for each withdrawal, the same at every employer. No interest. No variable rates. A flat fee only.
Interest
There is no interest, and the cost never grows over time. What you see before you confirm is the whole cost.
Smallest withdrawal
Up to 5 withdrawals per rolling 7-day period.
You pay the fee, and it comes off your payslip along with the amount you took. There is nothing to pay separately, and nothing to arrange.
Your employer decides whether to offer this
StatimPay is offered through employers, not directly to individuals. If your workplace offers it, you will be invited to the StatimPay app and asked to agree to the terms before anything is available to you.
StatimPay EWA is pre-launch. We are recruiting a small group of pilot employers.