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Cashout calculation, accrual

Your available Cashout* amount is calculated using several criteria, including:

  • Your annual calculated wage
  • The average of your last two regular, direct deposit paychecks
  • How far you are in to the current pay period 
    • The available Cashout amount you can request accrues daily as you move further into the current pay period, until you reach your pay period cap. For example, on the first day of a new pay period, your available Cashout amount may be lower than it would be on the fifth day of the pay period. 
  • The status of the current payroll
  • Your history of previous Cashout loans received

Since the criteria is dependent on pay periods and payroll statuses, you may see your available amount change day-to-day.

In addition to the calculation and criteria mentioned above, you are only able to cash out up to 40% of your average paycheck, or $500, whichever is less. This way, you’ll still receive a paycheck on your regular payday.

  • An employee may not receive a paycheck on payday if they earn less than expected on that paycheck. 

*The Cashout program is issued by Sunrise Banks, N.A., Member FDIC.

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