â Your gross earnings in the Wagestream app are calculated based on your hourly rate (if you are an hourly employee) or your salary (if you are a salaried employee).
NOTE: Gross means the total or whole amount of something, before any deductions are made such as tax & National Insurance contributions.
Your employer approves and sends your shift/salary data to us, at which point we add it to the app. Submission and sync times vary at the discretion of your employer.
Your earnings will consider the hours you've worked up to the current moment.
đˇ Your streamable balance will not be the same as your earnings
Employer-set limits are applied to your earnings by default and can include a cap on what % of your earnings you can access early, the maximum amount of money you can access early and the maximum number of Streams you can make in a single pay period. This will be reflected in your balance calculation in the app.
đī¸ The app typically follows your employer's pay cycle. So, if your regular payday is at the end of the month or bi-weekly, your available balance will be calculated up to the current date in that pay cycle.