What is an Income Advance and how does it work?

Published on: 2023-02-21 14:44:58 +0000

When you have a sudden expense, but payday is not around the corner — Pockit is here to help. 

You can get an instant advance of up to £100 straight into your Pockit account without a hard credit check. A soft credit check may be conducted which does not affect your credit score.

Here's how it works: 

1. Open a prepaid Pockit account. 
2. Receive salary or benefit. Receive your salary or benefit payments to your Pockit account for 3 months to unlock (min. £300 a month).
3. Unlock your £50 advance. 
4. Get your £50 cash advance, anytime after 3 months of income payments. We’ll notify you when you are eligible.
5. Once you repaid your £50 cash advance twice, you may qualify for a £100 cash advance.

Income Advance is provided by our partner SteadyPay Ltd and is not in any way is connected to your employer.