Sikamaster Earned Wage Access (EWA) is not a loan, and to that effect there's no interest or debt that comes with this service. For non-existing customer user groups, it's your employer's responsibility to make deductions of your early access with us and forward it to us.
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How we operate
A deduction is any money that is taken from your gross income before you receive your wages or salary, and will be displayed on your payslip. Common deductions you may come across include income tax, Insurance, student loan repayments and pension contributions, etc.
Interest can be used in two ways. One use of it is the amount you earn from savings and investments. Interest can also be money you pay to borrow money, and is usually expressed as a percentage of the amount borrowed. Interest is normally included in the total cost of borrowing.
Debt is money that you owe to a person or company.
