Advance is an employee benefit that provides you with access to your earned pay before payday. It is not a loan. With Advance, you can access your earned pay at almost any point in the pay cycle. The amount of pay you can access depends on your employer. 50% of your earned income is a typical threshold.
Advance provides the ability to access a percentage of your earned pay before payday. It is not a loan, and simply allows you to withdraw some of the money you have earned through the pay period before your scheduled payday.
To find out your Advance terms, type your employer's name here: https://advance.salaryfinance.com/selectemployer
How does Advance work?
- Visit your Salary Finance financial wellbeing hub here
- Select Advance and create an account - it can take up to 24 hours for your details to be verified
- Once you've signed up, you'll be able to see how much of your salary you're able to access
- This isn't a loan, so there's no interest, just a flat fee of up to £2.19 per withdrawal
- Once you've requested your Advance, the funds will be transferred into your bank account within one working day
- When paying back your Advance, this will normally be taken from your next payslip. If you request an Advance too close to payroll cut-off, the Advance amount will be collected from your bank account via Direct Debit on payday
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