This guide helps address common queries when it comes to bank account scenarios that may be encountered by both existing and new PressPay customers.
Can I apply with a savings account?
PressPay requires your income to be deposited into an active everyday transaction account. This is because banks do not support direct debit repayments for savings accounts. We understand this can be a pain, but it’s unfortunately out of our control so we can’t support any applications using a savings account.
How many bank accounts can I link to PressPay?
You can only have one linked bank account to your PressPay account at any time. This should be the account where your regular income is deposited. It’s essential that if you change the account where your income is deposited, you inform us of this change, so we can link your PressPay account to your new bank account details.
Can I use a joint bank account?
As PressPay is providing you with early access to your income only, it’s important that the bank account linked to your PressPay account is solely in your name. Joint accounts are not supported at this time.
Which bank account should I provide if I get paid into separate accounts?
The account you choose to nominate is up to you to decide which information best represents your financial position. PressPay requires a single primary bank account where your income is regularly deposited in order to assess whether we can provide you with early access to this income. You should refer to our assessment criteria to assist and deciding which bank account to use.
Understanding the nuances of various bank account types and their compatibility with PressPay’s services is important to ensuring a smooth and efficient setup process, along with the ongoing reliability of having your PressPay account ready and available when you need it.