How On-Demand Pay Impacts Your Salary
- What happens to my salary if I don’t withdraw it?
Nothing happens. Your salary is paid in full to your earnipay account.
- How does Earnipay impact my expected salary on payday?
If an employee used On-Demand Pay during the month, the total amount accessed will be deducted from the employee's net salary for that specific month. This deduction ensures that any funds withdrawn early are accounted for and repaid in the same pay period, maintaining accuracy and consistency in the employee's earnings.
- Why is my salary amount at the end of the month different from my Earnipay account?
The variance in salary amount at the end of the month compared to the Earnipay account could be due to withdrawal deductions or other adjustments made by the employer. If the employee used On-Demand Pay during the month, the total amount accessed will indeed be deducted from the employee's net salary. This deduction ensures that any funds withdrawn early are accounted for and reconciled with the employee's overall earnings for that pay period.
Related Articles
On-Demand Pay
What is On-demand Pay On-Demand Pay is a financial service that allows employees to access a portion of their earned salary before their scheduled payday. With On-Demand Pay, employees can request payment for the hours they have worked or the days ...
How to Apply for a Personal Loan on Earnipay
Loan Eligibility Criteria To qualify for a personal loan through Earnipay, applicants must meet the following requirements: Salary Earner: You must be employed and receive a regular salary. Positive Credit History: Your credit history must be ...
Savings
How do I set up savings? You can set up savings through the Earnipay mobile app. Simply log in to the app and click on savings among the Quick Access options on your homepage. What is goal savings? This is a plan directed toward achieving a ...