
When you make a transfer, repayment is automatically taken from your upcoming paycheck.
Stream's goal is to settle from the latest possible paycheck that has enough remaining funds to cover the amount of your transfer.
Here are the two scenarios that determine the repayment date:
1. If you have enough earned wages in the current pay period
If the wages you have already accrued in the current, ongoing pay period are enough to cover the entire transfer, the repayment will be deducted from the paycheck you receive for the current pay period (the latest possible paycheck).
2. If you do not have enough earned wages in the current pay period
If you have not yet accrued enough wages in the current pay period to cover the transfer amount, the repayment will be deducted from the paycheck for the most recently completed pay period (the paycheck that is due sooner).
Whenever you complete a transfer, Stream will clearly display and confirm the exact date of the paycheck from which the repayment will be settled.