Terms of Service

Last updated: December 13th, 2018

These terms of service (“Terms of Service”) constitute a legal agreement between you and Wagestream Ltd, incorporated and registered in England and Wales with company number 11173225 whose registered office is at Stapleton House, Block A, 2nd Floor, 110 Clifton Street, London, United Kingdom, EC2A 4HT (“Wagestream”). As used in these Terms of Service, the words “you” and “your” refer to you, the user of Wagestream’s Platform, as the party agreeing to these Terms of Service. The words “we”, “us”, “our” and any other variation thereof refer to Wagestream.

You are currently subject to a contract of employment or a service agreement with your employer. The details of your employer will be set out on the Platform. Your employer has entered into a contract with us to provide it with the employer with payroll services, namely paying employees who sign up to our services on their usual pay day and earlier in accordance with the terms set out herein – in this respect we will be the employer’s agent.

These Terms of Service govern:                       

(a)         your use of all websites, devices or mobile applications that we operate, including any pages within each such website, device, or application, any equivalent, mirror, replacement, substitute or backup website, device, or application, and pages that are associated with each such website, device, or application (hereinafter referred to as the “Platform”); and

(b)         the services we provide through the Platform including your ability to receive your salary from your employer earlier than you otherwise would be able to.

The use of the word “including” in these Terms of Service to refer to specific examples will be construed to mean “including, without limitation” or “including but not limited to” and will not be construed to mean that the examples given are an exclusive list of the topics covered.

What do these Terms of Service cover? These Terms of Service are the terms and conditions that govern your access to, and use of, the Platform.

Why should you read these Terms of Service? These Terms of Service create a legally binding agreement between you and us. By accessing or using the Platform, you are accepting these Terms of Service.

You confirm that you can enter the agreement. You confirm and promise to us that you have the right, authority, and capacity to enter into these Terms of Service.

Which provisions of the Terms of Service should you pay particular attention to? The key terms that you should consider in particular detail are:

Section 1 - Acceptance of Terms

Section 4 - Privacy and your personal data

Section 11 - Fees

Section 15 - Rights You Grant to Us

Section 19 - Limitation of Liability


 

 

1         Acceptance of Terms

1.1        PLEASE READ THESE TERMS OF SERVICE CAREFULLY. BY ACCESSING OR USING THE PLATFORM, YOU AGREE TO BE BOUND BY THE TERMS OF SERVICE. IF YOU DO NOT WISH TO BE BOUND BY THESE TERMS OF SERVICE, YOU MAY NOT ACCESS OR USE THE PLATFORM. You may not use the Platform, or accept these Terms of Service, if (a) you are not of legal age to form a binding contract with Wagestream; (b) you are prohibited by law from using, or receiving the services provided by, the Platform; or (c) you do not work in the U.K..

1.2        Wagestream may modify this Terms of Service from time to time. Any and all changes to these Terms of Service will be posted on the getWagestream.com Platform. The Terms of Service will always indicate the date it was last revised. In addition, we will send you an email informing you of any changes in the Terms of Service prior to posting those changes. When you use the Platform after those changes are posted, you are deemed to have accepted the new Terms of Service and agree to be bound by any changes to the Terms of Service.

2             Appstore terms also apply

Your use of any application we provide is also controlled by the Apple Media Services Terms and Conditions / Android Appstore Terms and Conditions for your applicable jurisdiction, available here: http://www.apple.com/legal/internet-services/itunes/ and here: https://play.google.com/intl/en_uk/about/play-terms.html.

3             Operating System Requirements

To ensure the safety and privacy of your data, all communications are securely encrypted. Therefore, any mobile application we provide requires either (a) an iOS device running iOS 11.0 or higher, or (b) an android device running Android 7.0 or higher, and any website we provide requires a web browser with support for TLS v1.2, such as Google Chrome 30+, Mozilla Firefox 27+, Microsoft IE 11+, or Apple Safari 7+.

4             Privacy and your personal data

For information about Wagestream’s data protection practices, please read Wagestream’s privacy policy as updated from time to time (available at www.getWagestream.com/privacy), which is hereby incorporated into this Terms of Service. This policy explains how Wagestream treats your personal data when you use the Platform.

5             Registration Information & Accounts

5.1        In this section and these Terms of Service, “Account” means:

(a)         the secure online area of the Platform which contains information about you; and

(b)         your relationship with us.

5.2        For the avoidance of doubt, your Account is not a bank account or an electronic money account or any other sort of payment account. In order to use the Platform and activate your Account, you must provide certain information about yourself as prompted by the Account verification form you will access through the link sent to your email address by Wagestream. You agree and understand that you are responsible for maintaining the confidentiality of the combination of your login ID and password, which together allow you to access the Platform. That login ID and password, together with any profile information (including, as applicable, your name, physical address, mobile number or other contact information) and Bank Account Information (as defined in section 12.3), form your “Registration Information.”

5.3        If you believe that your Registration Information or a device that you use to access the Platform has been lost or stolen, that someone has gained access to your Account without your permission, or that an unauthorised transaction has occurred, you must notify us IMMEDIATELY at support@getWagestream.com.

5.4        Subject to payment of all applicable outstanding Fees, Early Salary Payments and Net Salary (defined below), you can de-activate your Account at any time, for any reason, by following the instructions on the Platform and in section 12 (Your use of the Platform) below. At this point, we should remind you that we also have certain rights to suspend or terminate your Account, these are outlined in section 16 (No Unlawful or Prohibited Use).

6             Contact Details

6.1        You can contact us by writing to us at support@getWagestream.com, or by post to our trading address at 22 Upper Ground, 22 Upper Ground, South Bank, SE1 9PD. If we have to contact you we may do so by telephone or by email to the address provided by your employer.

6.2        When we use the words “writing” or “written” in these Terms of Service, this includes emails. For contractual purposes, you: (a) consent to receiving communications from Wagestream by email; and (b) agree that all communications that we provide to you by email satisfy any legal requirement that such communications would satisfy if it were provided in hardcopy writing by post.

7             Accuracy of and changes to your information

You agree to promptly let your employer know of any update to your Registration Information whenever the information provided to us is no longer accurate. If you need help in changing your information, please email us at support@getWagestream.com. We are not responsible for any payment processing errors or Fees or other Platform-related issues arising from your failure to keep your employer updated so that your Registration Information is current.

8             Access to the Platform

8.1        Subject to these Terms of Service (in particular, the restrictions described in section 16 (No Unlawful or Prohibited Use)), Wagestream grants you a licence to use and access the Platform on the basis that this licence is:

(a)         not a commercial licence – you can only access and use the Platform for your own personal, non-commercial uses (i.e., not for your business);

(b)         non-transferable – you can’t pass this right to someone else;

(c)         non-exclusive – other people can access and use the Platform;

(d)         revocable – we have the right to remove your ability to use the Platform in accordance with these Terms of Service; and

(e)         limited – the licence does not extend beyond what has just been described above.

9             Platform Services

9.1        Through the Platform, you are able to access and view your timesheets, worked hours and accrued but unpaid salary (the “Platform Services”).

10         Early Salary Payment services

10.1     In this section, Wagestream is acting as agent for and on behalf of your employer.

10.2     In this section and these Terms of Service:

(a)         Early Salary Payment” means, following the acceptance of your Request, the payment of the amount of accrued but unpaid Salary set out in your Request, earlier than the relevant Salary Day to your bank account;

(b)         Payment Cycle” means the period time which the Salary you are paid, pays you for – in most cases the Payment Cycle is monthly;

(c)         Request” means a request made via the Platform to your employer to be paid a proportion of your accrued but unpaid Salary earlier than the relevant Salary Day to your bank account;

(d)         Salary” means the payment made by your employer to you for work carried out during that Payment Cycle, as its employee; and

(e)         Salary Day” means the day upon which the full amount of your Salary for that Payment Cycle would be paid to you, but for you submitting Requests;

10.3     Through the Platform you are able to send Requests.

10.4     Your employer in its sole discretion will decide whether it wants to accept each Request. If the Request is accepted, your employer will send a payment order to us to execute the corresponding Early Salary Payment. Upon our acceptance of your employer’s payment order, the Early Salary Payment will be executed by us. Wagestream is under no obligation to accept your employer’s payment order, especially in the event that your employer does not hold enough money in its electronic money account with us to execute the payment order. We have no liability to you for any losses you incur as a result of us not accepting a payment order from your employer.

10.5     We can terminate your right to make Requests and access the Platform and the associated information at any time and for any reason, including upon your employer’s request.

10.6     If you have received any Early Salary Payments prior to the Salary Day of a particular a Payment Cycle, on the Salary Day for that Payment Cycle you will receive your “Net Salary” which means your Salary for that Payment Cycle less:

(a)         the total of Early Salary Payments executed in that Payment Cycle; and

(b)         the Fees accrued in that Payment Cycle (please see section 11 (Fees) for more information).

10.7     In the event that the total of the Early Salary Payments executed and the Fees accrued in your Payment Cycle are more than your Salary for that Payment Cycle:

(a)         your Net Salary for that Payment Cycle will be zero; and

(b)         the amount of the payment to you on your next Salary Day will be reduced accordingly.

Please see Appendix 1 for a working example.

10.8     Typically, Early Salary Payments will be executed within four hours of each Request, failing which Wagestream will not charge you (or reimburse you, as applicable) any Fees in relation to the affected Early Salary Payments.

10.9     We, or your employer, may limit the total number of Requests you can make at any given time or over a period of time. We may refuse to permit Early Salary Payments, if we reasonably believe such refusal is necessary or advisable for legal or security reasons or to protect the Platform or Wagestream.

11         Fees

11.1     In this section and these Terms of ServiceFees” means the fixed sum in Pounds Sterling applicable to each Early Salary Payment, as agreed by your employer with Wagestream from time to time.

11.2     In order to process Early Salary Payments, we need to carry out work including executing each Early Salary Payment and adjusting your employer’s records to pay you less money on the Salary Day. Making provision for the execution of Early Salary Payments is over and above what the employer is required to do in accordance with your employment contract. Accordingly, you are required to pay a Fee for each Early Salary Payment. By agreeing to these Terms of Service and making Requests you agree to pay such Fees.

11.3     Please contact your employer for further information on the amount of such Fee.

11.4     The Fees shall accumulate during each Payment Cycle and shall become due and owing to us on the relevant Salary Day.

11.5     Other than as set out in these Terms of Service, there are no set-up or enrolment fees, no monthly or recurring costs for our services and no termination fees.

12         Your Use of the Platform

12.1     Your right to access and use the Platform and related services is personal to you and is not transferable by you to any other person or entity, and you may only access and use the Platform for lawful purposes.

12.2     You warrant that the Early Salary Payments are just and due and that you have not received payment for the Early Salary Payments or any part of the Early Salary Payments. You further warrant that if you receive payment for the relevant Early Salary Payments, including by your employer, you will transfer those payments, or permit those payments to be transferred to Wagestream.

12.3     Accurate records enable us to provide our services to you. You must provide your employer (or Wagestream, if applicable) with true, accurate, current, and complete information about your accounts maintained at third party bank accounts or other sites (“Bank Account Information”), and you may not misrepresent any Bank Account Information. In order for the Platform to function effectively, you must also ensure your employer has Bank Account Information that is up to date and accurate. If you do not do this, the accuracy and effectiveness of the services provided to you pursuant to these Terms of Service will be affected. You represent that you are a legal owner of, and that you are authorised to provide your employer with, all Bank Account Information and other information necessary to facilitate your use of the Platform according to these Terms of Service.

12.4     In order to allow you to use certain services on the Platform, we and/or your employer may be required to verify your identity. You authorise us to make any inquiries we consider necessary to validate your identity. These inquiries may include asking you for further information, requiring you to provide a taxpayer identification number, requiring you to take steps to confirm ownership of your email address or financial instruments, ordering a credit report, or verifying information you provide against third party databases or through other sources. If you do not provide this information or we (or your employer) cannot verify your identity, we can refuse to allow you to use the Platform.

12.5     Your access and use of the Platform may be interrupted from time to time for any of several reasons, including the malfunction of equipment, periodic updating, maintenance or repair of the Platform, or other actions that Wagestream, in its sole discretion, may elect to take. You acknowledge and agree that Wagestream will have no obligation to provide you with any support or maintenance in connection with the Platform.

13         Third-Party Links & Content

13.1     The Platform may contain links to third-party websites and services, and/or display content or advertisements for third parties (collectively, “Third-Party Links & Content”). Where the Platform contains links to Third-Party Links & Content, these links are provided for your information and convenience only. We have no control over the contents of those sites or resources. Wagestream does not review, approve, endorse or make any promises with respect to Third-Party Links & Content.

13.2     You use all Third-Party Links & Content at your own risk, and should apply a suitable level of caution and discretion in doing so. When you click on any of the Third-Party Links & Content, the applicable third party’s terms and policies apply, not these Terms of Service.

14         Modification to Platform or Related Services

14.1     Wagestream reserves the right at any time and from time to time to modify or discontinue, temporarily or permanently, the Platform (in whole or in part) with or without notice.

14.2     We reserve the right to change the services related to the provision of Early Salary Payments, including applicable Fees, in our sole discretion and from time to time. In such event, if you are a member to such services, we will provide notice to you. If you do not agree to the changes after receiving a notice of the change to the Early Salary Payment services, you may stop using such services. Your use of such Early Salary Payment services or of your Account after you are notified of any change(s) will constitute your agreement to such change(s).

14.3     You agree that Wagestream shall not be liable to you or to any third party for any modification, suspensions, or discontinuance of the Platform or Early Salary Payment services (or any part thereof).

15         Rights You Grant to Us

15.1     By submitting information, data, passwords, usernames, PINs, other log-in information, materials and other content to Wagestream through the Platform (including through your employer) or other related services provided by Wagestream, you are licensing that content to Wagestream solely for the purpose of providing the Platform and related services. Wagestream may use and store the content for the purpose of providing the Platform and related services to you. By submitting this content to Wagestream, you represent that you are entitled to submit it to Wagestream for use for this purpose, without any obligation by Wagestream to pay any fees or other limitations.

15.2     By activating your Account, you consent to your employer sharing employment data required for us to perform our obligations under these Terms of Service and the service you have requested, including providing you with Early Salary Payments. This includes but is not limited to (i) name, (ii) employee identification number, (iii) contact information (email and/or mobile phone number), (iv) gross and net pay, (v) bank account and routing number for purposes of payment remittance. For information about how Wagestream treats your personal data when you use the Platform, please read Wagestream’s privacy policy (available at www.getWagestream.com/privacy).

16         No Unlawful or Prohibited Use

16.1     As a condition of your use of the Platform, you represent and warrant to Wagestream that you will not use the Platform for any purpose that is unlawful or prohibited by these Terms of Service.

16.2     You agree that you will not:

(a)         license, sell, rent, lease, transfer, assign, distribute, host, or otherwise commercially exploit the Platform, whether in whole or in part, or any content displayed on the Platform

(b)         use the Platform in any manner that could damage, disable, overburden, or impair the Platform, or servers or networks connected to the Platform, or violate the regulations, policies or procedures of such networks;

(c)         obtain or attempt to obtain any materials or information through any means not intentionally made available or provided for through the Platform;

(d)         upload, transmit, or distribute to or through the Platform any computer viruses, worms, or any software intended to damage or alter a computer system or data;

(e)         access the Platform by any means other than through the interface that is provided by Wagestream for use in accessing the Platform;

(f)           use or attempt to use any engine, software, tool, agent, or other device or mechanism (including without limitation browsers, spiders, robots, avatars or intelligent agents) to navigate or search the Platform;

(g)         attempt to decipher, decompile, disassemble, or reverse-engineer any of the software comprising or in any way making up a part of the Platform; or

(h)         you shall not access the Platform in order to build a similar or competitive website, product, or service.

16.3     Unless otherwise indicated, any future release, update, or other addition to functionality or content of the Platform shall be subject to these Terms of Service. All copyright and other proprietary notices on the Platform (or on any content displayed on the Platform) must be retained on all copies thereof.

16.4     If Wagestream, in its sole discretion, believes that you may have engaged in any activities restricted by these Terms of Service or by law, we may take various actions to protect Wagestream, other users, and other third parties from fees, fines, penalties, and any other liability. The actions we may take include the following:

(a)         we may close, suspend, or limit your access to your Account or ability to use the Platform or related services;

(b)         we may update inaccurate information you provided us;

(c)         we may refuse to allow you to use the Platform or related services in the future;

(d)         we may report you to law enforcement authorities;

(e)         we may take legal action against you; and

(f)           we may hold you liable to Wagestream for the amount of Wagestream’s damages caused by your violation of these Terms of Service.

17         Wagestream’s Intellectual Property Rights

17.1     Except for the Registration Information, all content included or available in connection with the Platform, including any and all materials, information, text, data, contents, names, trade names, trademarks, trade dress, service marks, layout, logos, designs, images, graphics, illustrations, artwork, icons, photographs, displays, sound, music, video, animation, organization, assembly, arrangement, interfaces, databases, technology, and all intellectual property of any kind whatsoever (collectively, the “Content”) and the selection and arrangement thereof is owned exclusively by Wagestream or the licensors or suppliers of Wagestream. All rights are hereby reserved. Neither these Terms of Service, nor your access to the Platform, transfers to you or any third party any rights, ownership or similar interests in or to such intellectual property rights, except for the limited access rights expressly set forth in section 8 (Access to the Platform). There are no implied licences granted under these Terms of Service.

17.2     If you provide Wagestream with any feedback or suggestions regarding the Platform (“Feedback”), you hereby transfer to Wagestream all rights in such Feedback. You also agree that Wagestream shall have the right to use and fully exploit such Feedback and related information in any manner it considers appropriate.

18         Disclaimer

18.1     Except as expressly set out in these Terms of Service, and to the maximum extent permitted by applicable law:

(a)         the Platform, services, information, data, features, and all content provided by Wagestream are offered and made available on an “as is” and “as available” basis;

(b)         Wagestream makes no representations or warranties of any kind, whether express of implied, as to the accuracy, reliability, completeness or operation, or continued availability of the Platform, any content on the Platform and/or any related services; and

(c)         Wagestream makes no representation, warranty, or guarantee, whether express or implied, that the content that may be available on or via the Platform or related services is free of bugs, defects or errors, or any viruses or other code or computer programming routines that contain contaminating or destructive properties or that are intended to damage, surreptitiously intercept or expropriate, any program, system or data.

18.2     You acknowledge that the Platform has not been developed to meet your individual requirements, and that it is therefore your responsibility to ensure that the facilities and functions of the Platform meet your requirements.

18.3     Wagestream is not responsible or liable for:

(a)         any delays in payment due or related to the intervention of any third party (including any delays caused by banks, failures or errors in payment or communications systems other than the Platform itself, or for regulatory purposes);

(b)         any delays in payment due or related to the occurrence of an administrative or technical error, or an event, which results in disruption (of a technical or system-related nature) to Wagestream’s treasury or payment operations preventing Wagestream from performing its payment obligations under the Terms of Service, or from communicating with you in accordance with these Terms of Service, and which is not caused by, and is beyond the control of, Wagestream; and/or

(c)         your employer not having enough funds held with us to facilitate the payment of Salary and/or Early Salary Payments to your bank account.

18.4     The Platform is not intended to provide legal, tax, or financial advice. Wagestream is not a financial planner, broker, or tax advisor. To the extent you use a Platform for banking or other financial services, the Platform is intended only to assist you in your financial organization and decision-making and is broad in scope. Before making any final decisions or implementing any financial strategy, you should consider obtaining additional information and advice from your accountant or other financial advisers who are fully aware of your individual circumstances.

18.5     Wagestream does not assume any responsibility for the timeliness, accuracy, deletion, non-delivery, or failure to store Registration Information. Any information made available through the Platform will only reflect the information that was most recently uploaded to the Platform by your employer, and as such, may not reflect activity that occurred after your employer’s last update of the Platform or any pending transactions. Please contact your employer in case of inaccuracy of any information made available through the Platform, including information related to worked hours and Salary.

19         Limitation of Liability

19.1     Subject to the rest of this section 19 (Limitation of Liability), if we fail to comply with these Terms of Service, we are responsible for loss or damage you suffer that is a foreseeable result of our breaching these Terms of Service or our failing to use reasonable care and skill, but we are not responsible for any loss or damage that is not foreseeable. Loss or damage is foreseeable if either it is obvious that it will happen or if, at the time these Terms of Service are entered into both we and you knew it might happen.

19.2     As noted above, we only make the Platform available for your domestic and private use. If you use the Platform for any commercial, business or re-sale purpose we will have no liability to you for any loss of profit, loss of business, business interruption, or loss of business opportunity.

19.3     We will not be responsible for any loss or damage incurred as a result of unauthorised access to your Account which is not within our reasonable control, including where you fail to comply with these Terms of Service.

19.4     Nothing in these Terms of Service shall limit or exclude our liability for:

(a)         death or personal injury resulting from our negligence;

(b)         fraud or fraudulent misrepresentation; or

(c)         any other liability that cannot be excluded or limited by English law.

20         Term and Termination

20.1     Subject to this section 20 (Term and Termination), these Terms of Service will remain in full force and effect while you use the Platform. Wagestream, in its sole discretion, reserves the right to suspend or terminate your rights to use the Platform (including your Account), for any reason (including any use of the Platform in violation of these Terms of Service) and at any time, with or without notice to you.

20.2     Upon termination of your rights under these Terms of Service, your Account and right to access and use the Platform will terminate immediately. You understand that any termination of your Account may involve deletion of the Registration Information associated with your Account from our live databases.

20.3     Even after your rights under these Terms of Service are terminated, the following provisions of these Terms of Service will remain in effect: section 16 (No Unlawful or Prohibited Use), section 14 (Modification to Platform or Related Services), section 17 (Wagestream’s Intellectual Property Rights), section 18 (Disclaimer), section 19 (Limitation of Liability), section 20 (Term and Termination), section 21 (Governing Law & Forum for Disputes) and section 22 (Miscellaneous). Termination or suspension of any part of the services provided on or in relation to the Platform, or of these Terms of Service, will not affect relevant payment of Early Salary Payments requested and corresponding Net Salary (as applicable), in accordance with the terms of these Terms of Service.

21         Governing Law & Forum for Disputes

These Terms of Service are governed by English law and we both agree to submit to the non‑exclusive jurisdiction of the English courts.

22         Miscellaneous

22.1     If any portion of these Terms of Service is deemed unlawful, void or unenforceable by any court of competent jurisdiction, these Terms of Service as a whole shall not be deemed unlawful, void or unenforceable, but only that portion of these Terms of Service that is unlawful, void or unenforceable shall be stricken from these Terms of Service.

22.2     You agree that if Wagestream does not exercise or enforce any legal right or remedy which is contained in these Terms of Service (or which Wagestream has the benefit of under any applicable law), this will not be taken to be a formal waiver of Wagestream’s rights and that those rights or remedies will still be available to Wagestream.

22.3     We may transfer our rights and obligations under these Terms of Service to another organisation – for example, this could include another member of our group of companies or someone who buys our business. We will always tell you in writing if this happens and we will ensure that the transfer will not affect your rights under these Terms of Service.

22.4     These Terms of Service are between you and us. No person, other than the employer, shall have any rights to enforce any of its terms.

Copyright © 2018 Wagestream Ltd. All rights reserved. All trademarks, logos and service marks (“Marks”) displayed on the Platform are our property or the property of other third parties. You are not permitted to use these Marks without our prior written consent or the consent of such third party which may own the Marks.


 

APPENDIX 1 - Worked example of Early Salary Payments, deductions and Fees.

You work 30 hours at £10 per hour in Week 1. This means you have accrued pay due from your employer of £300.

The Salary Day for work done in Week 1 is the following Friday (“Friday 1”) – this means your employer stands to pay you £300 on Friday 1.

During Week 2, you then work 15 hours at £10 per hour on the Monday and Tuesday. This means you have accrued pay due from your employer of an additional £150 – at this point, total accrued amount across Week 1 and Week 2 stands at £450.

The Salary Day for work done in Week 2 is the Friday after-next (“Friday 2”) – this means your employer stands to pay you £150 on Friday 2.

On the:

o   Wednesday in Week 2 you make a Request for £325 to be paid to you and the corresponding Early Salary Payment is made (incurring “Fee 1” – for the purposes of this example, £1.75); and

o   Thursday in Week 2 you make a Request for £75 to be paid to you and the corresponding Early Salary Payment is made (incurring “Fee 2” – for the purposes of this example, £1.75).

Although they occur in Week 2, both these Early Salary Payments occur before Friday 1 when you are to be paid for work done in Week 1.

The combined sum of these two Early Salary Payments is £400 (i.e. £325+£75). This is greater than the Salary that will be paid by your employer on your next Salary Day (i.e. the £300 due on Friday 1 for work done in Week 1).

The amount of the Net Salary you would receive on Friday 1 would be zero. This is because the total of the Early Salary Payments (£400) and Fees (£3.50) is more than the Salary due to you on Friday 1. At this point in time:

(a)         you have been paid £100 more than you would have done had you not made any Requests; and

(b)         incurred Fees of £3.50.

The amount of Net Salary you would receive on Friday 2 would be £46.50, being the £150 which would have been paid on Friday 2 if you had not made any Requests, less the £100 noted above and Fees incurred totalling £103.50.

The above is a worked example of the Platform.