Beforepay allows you to cash out a portion of your pay to assist you with any unforeseen bills or if you need some extra cash until your next payday. The app also provides you with budgeting and spending tools to help you take control of your financial situation.
Pay On Demand™ - To cash out from the app before your payday, all you have to do is connect your bank account to help us recognize your pay schedule, enter your bank details for us to pay you, and submit a copy of your ID to confirm your identity. All this takes up to 5 minutes in the app.
You can repay the full amount on your next payday or select flexible repayment options. Beforepay automatically deducts any amount you cashed out + a 5% fixed transaction fee. There are no hidden fees, interest, or any other costs to use Beforepay.
We do not require anything from your employer. But feel free to let your colleagues know about Beforepay :)
Budgeting we know budgeting can be hard, so Beforepay automatically creates a budget tailored just for you. To do this, our bot looks at what you spend on let's say groceries over the past few months and intelligently determines what you should budget to spend until your next pay day. The app monitors your spending in and notifies you when you’re about to over spend.
Spending Beforepay predicts when your bills are due and keeps you in the loop if your account is at risk of an overdraft. Your transactions have been categorised so you can know how you’re spending now and over time.