DailyPay allows you to access a portion of your earned wages before your regular payday, specifically up to the available balance shown in your DailyPay online account. This "available balance" represents money you've already earned.
The exact amount you can access can vary, particularly during your initial enrollment period.
Understanding Your Available Balance
Generally, DailyPay provides access to money you've already earned. The amount available to you will be displayed within your DailyPay account. This system allows you to manage your finances with more flexibility by providing access to funds as you earn them.
Initial Access Limits
For new enrollees, there's a specific structure for how much you can access during your first few pay periods:
-
First Three Pay Periods: Your Available Balance will be a percentage of your gross pay.
The percentage you can access depends on whether you have financial garnishments:
| Scenario | Available Balance Percentage of Gross Pay |
|---|---|
| Standard Enrollment | 50% |
| With Garnishments | 25% |
| (e.g., child support payments) |
Example:
If your gross pay for a period is \$1,000:
- Without garnishments: You could access up to \$500 (50% of \$1,000) during your first three pay periods.
- With garnishments: You could access up to \$250 (25% of \$1,000) during your first three pay periods.
After these initial three pay periods, your access typically expands, allowing you to draw from a larger portion of your accumulated earned wages as displayed in your DailyPay account.
