ZayZoon uses your payroll data (net earnings) to calculate how much money you can access each day (your available wages). Here are some frequently asked questions about wages available for payouts.
How do I see how much money I can access?
You'll be able to see how much money you can access today as soon as you sign to your ZayZoon account.
For a detailed breakdown of your account statement, please check the My Balance or Activity page on your ZayZoon account.
When do my available wages update or reset?
Your available wages are updated on a daily basis based on information from your payroll provider.
Your available wages will also reset automatically on your paydate once we've confirmed the repayment of your balance owing from the payroll data.
Are there limits to how much money I can take out?
To protect the security of your funds and encourage financial health, ZayZoon has limits on the amount of money that can be accessed.
Refer to the table below to learn more about the payout limits.
Limits on | Details |
Payout | Only one payout per day. Customers under 18 are limited to one payout per pay period. |
Transaction Maximum | Maximum of $200 per payout. |
Wages Available Minimum | You must have $20.00 or more in Wages Available to request a payout. |
Wages Available Maximum | The maximum amount available is $1000. |
Why can't I take out all (100%) of my earned wages?
ZayZoon provides access to a percentage of your earned wages before payday (between 30%-50%) to encourage financial health.
We want to make sure you still receive a reasonable amount of your wages on payday!
What are some tips to make the most of ZayZoon payouts?
To make the most of ZayZoon's payouts and your available wages, here are some tips for financial wellness:
Reduce transaction fees by taking less payouts in the period. Our flat fee of $5.00 per transaction is a simple way to track how much you're spending on fees.
Take courses and learn more by making use of our Financial Wellness resources here. By signing up for Financial Wellness programs, you can access 20% more of your wages for up to 6 months!
Practice safe budgeting and visit www.zayzoon.com/blog/ for more information.