At Earnin, we want to help our customers maintain a healthy bank balance.
That is why we calculate your take-home rate (net pay) with your taxes and deductions in mind. Your hourly rate is determined by getting your average paycheck deposit history and your work hours/schedule. Your payday is set using the payroll pattern from your employer’s direct deposit to the bank account that you linked to the app.
If you notice that your hourly rate is lower than usual, it may be because you work part-time or your paycheck is split into separate bank accounts, making the computed hourly rate low. If this happens, reach out to us so we can review this for you. You can also check out this article for more info on that.