Salary on-demand is a service offered in partnership with your employer that gives you elastic access to your already earned salary.
Salary on-demand is not a credit. It’s a paycheck paid before standard payday, specified in your contract. At the end of a month, at the standard payday, you get the rest of your salary.
Salary on-demand cost differs for specific employers. It can be free or it can cost a small fee. In case there is a fee, you will see how big it is in our application, when using salary on-demand.
Specific terms of payouts and its size is determined by your employer. Usually the payout size is increasing each day or after specific tasks.
Your employer can specify daily and monthly payout limits. They can specify the number of payouts and the size of them. Usually, there is also a minimum payout amount (most commonly 10EUR).
Money transfers are done as fast as possible. Average time spent waiting for money is several minutes. Because of different availability of banking services and money transfer systems, some money transfers might be on your banking account on the next working day.
Your last salary will be, as usually, lowered by the money you transferred early. If your new employer doesn’t work with Symmetrical, your application will be no longer active..
No. Salary on-demand is not impacting the size of your salary. Our service allows you to get access to your salary more often.
Yes, salary on-demand is a salary as much as a salary you get on your standard payday. If you ask for a statement of earnings you will see your total earnings, which is not impacted by the time you use payouts. It will be treated similarly by tax authorities.
Transfer titles for the payouts from the application are formulated in a way to signal that they are salaries. We make a payout on your employer’s behalf and it’s the same salary as a normal one. There shouldn’t be any misunderstanding from the bank.