Salary Advance

Would it help if you could access your pay before payday?

Advance from Salary Finance means exactly that – you can get an advance on pay that you’ve earned before payday.

Everyone manages money differently, and sometimes having to wait until payday can mean needing to rely on an overdraft, credit card or payday loan. Advance is designed to help avoid the need for high cost debt by giving you access to your pay, more often.

So how does it work?

  • Visit
  • Select Advance and see what you are able to withdraw
  • You can choose to withdraw 30% of your earned pay before payday
  • This isn’t a loan, so there’s no interest
  • You can make up to two withdrawals per pay cycle in addition to your normal payday
  • There is a flat fee of £1.69 per withdrawal (effective 6 July 2023)
  • Advances are not available once payroll has closed (usually 3 working days before payday) and reopens at the beginning of the following month (i.e. once you start accumulating earnings for the month)
  • Advance is only available to colleagues with contracted hours.  Unfortunately we are unable to offer this service to bank colleagues
  • Advance is only available to colleagues on the Anchor payroll system.


What else does Salary Finance offer?

Loans repaid through salary, simple savings accounts and financial education such as tips and tools on budgeting, saving and managing debt.

Find Out More

Important: The “Advance” product is not a regulated lending product. This is an option, not a recommendation. Anchor does not benefit from offering this service and all your communications will be with Salary Finance. Loan applications will be assessed to ensure the loan is appropriate and affordable for you. “Learn” content is for guidance and educational purposes only and is generic in nature. Salary Finance does not offer regulated financial advice. Please seek independent financial advice.

© 2020  Salary Finance Limited. All rights reserved. Salary Finance Limited and Salary Finance Loans Limited are authorised and regulated by the Financial Conduct Authority (firm reference numbers: 758053 and 734585).  Salary Finance Limited is registered as a small payment institution money remittance firm (firm reference number: 788485). For loan products, Salary Finance Limited acts as credit broker exclusively for associated company Salary Finance Loans Limited. Salary Finance Limited and Salary Finance Loans Limited are registered in England & Wales (company numbers: 09677777 and 07643748) at 58 Wood Lane, London W12 7RP. Data Protection Registrations: ZA152606 and ZA099501.