Employees
FAQ's related to questions from Employees
Your employer is only able to see the information that you have consented for them to provide us with for the purposes of enabling your withdrawals. Any pe...
Tue, 10 Nov, 2020 at 3:09 PM
Floatpays only allows you to access a designated percentage of your net salary that you have earned to the point where you want to make a withdrawal. This ...
Tue, 10 Nov, 2020 at 3:09 PM
We believe that financial well-being is determined by the extent to which people: Have control over their day-to-day, month-to-month income and expenses;...
Tue, 10 Nov, 2020 at 3:10 PM
Floatpays has a number of tools to help you better manage your finances including planning and budgeting tools, spend notifications, payment notifications a...
Tue, 10 Nov, 2020 at 3:11 PM
An instant voucher lasts 3 years; however even if you don't redeem the voucher in the same month you make the withdrawal the money will come off your sa...
Wed, 11 Nov, 2020 at 1:15 PM
R250 is currently the minimum withdrawal amount when using Floatpays.
Wed, 11 Nov, 2020 at 1:16 PM
No, there is no interest or late repayment, it's a once-off fee per withdrawal, so you don't get charged interest during the month like you would if...
Wed, 11 Nov, 2020 at 1:16 PM
For security reasons you will need to speak to your Employer's payroll team if you wish to update your bank details.
Wed, 11 Nov, 2020 at 1:17 PM
No, Floatpays do not provide loans. We allow you to withdraw a percentage of your already earned salary prior to payday.
Wed, 11 Nov, 2020 at 1:27 PM
The money (including the withdrawal fee) will get deducted from your salary when your Employer pays you on payday.
Wed, 11 Nov, 2020 at 1:28 PM