Up to 50% of your wages before payday and access to money management tools. Fees may apply.

Wagestream (formerly Earnd) is a money management tool with a pay-on-demand option. You can access up to 50% of your wages before payday, with terms up to 31 days. This can be useful in case of financial emergencies and urgent bills.

Your employer needs to be partnered with Wagestream for you to use the service. If your employer covers the costs involved, you will not be charged fees. Otherwise, a fee of $2.49 applies per transaction.

No reviews yet. Write a review

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!


Product NameWagestream
Loan term31 days
Costs$2.49 per transaction. Fees are capped at $24.90 per month. Free to use (If your employer covers the cost)

Are you struggling financially?

If you're struggling financially and would like to speak to someone for free financial advice, information and assistance you can call the Financial Counsellors hotline on 1800 007 007 (open from 9:30am to 4pm, Monday to Friday). If you are suffering financial problems related to the coronavirus pandemic you may be eligible for additional support.

⚠️ Warning about Borrowing

payday-warningDo you really need a loan today?*

It can be expensive to borrow small amounts of money and borrowing may not solve your money problems.

Check your options before you borrow:

  • For information about other options for managing bills and debts, ring 1800 007 007 from anywhere in Australia to talk to a free and independent financial counsellor
  • Talk to your electricity, gas, phone or water provider to see if you can work out a payment plan
  • If you are on government benefits, ask if you can receive an advance from Centrelink: Phone: 13 17 94

The Government's MoneySmart website shows you how small amount loans work and suggests other options that may help you.

* This statement is an Australian Government requirement under the National Consumer Credit Protection Act 2009.

How does Wagestream work? 

Wagestream (formerly Earnd) is a money management tool that allows employees access to part of their pay before payday. Apart from early access to pay, you can also use the app to track your work hours and pay, set money aside before being paid, learn money management skills and build healthy money habits.

What features does Wagestream offer? 

  • Pay on demand. You can access up to 50% of your paycheck before payday. This is useful in case of emergencies and unexpected or urgent bills.
  • Financial management tools. The app also includes money management tools that help employees build better financial habits and have greater control over their money and work.
  • Short loan term. Your loan term will be a maximum of 31 days.
  • Loan term aligned to pay cycle. Your loan term will be aligned to your weekly, fortnightly or monthly pay.
  • Automatic deductions. The money loaned to you will be automatically deducted from your upcoming paycheck.
  • No interest. No interest is charged on the money loaned to you, but fees may apply.
  • Employer-run. If your employer has partnered with Wagestream, you can access the product and its features.
  • No late fees. This product does not charge late fees. The amount owed will be automatically deducted from your next paycheck.

How much does Wagestream cost? 

Wagestream does not charge interest on the money loaned. Costs include the following:

  • Loan principal. This is the amount advanced to you, to be repaid in full.
  • Transaction fee. If your employer doesn’t cover the cost, you will have to pay a fee of $2.49 per transaction. Fees are capped at $24.90 per month. If your employer covers the cost, this service is free to use.

No other fees are charged.

What are the pros and cons of Wagestream? 


  • Early access to part of your wages when you need it.
  • No-interest loan.
  • Access to financial management tools.


  • Short loan terms of up to 31 days.
  • No option to stagger repayments and pay in increments.
  • May lead to budgeting difficulties or leave you short for the rest of the month.
  • Employer needs to offer the service for you to access it.
  • May be tempting to keep relying on this service, but it’s not a long-term financial solution.

Am I eligible for Wagestream? 

To be eligible for Wagestream, you need to be over the age of 18 and be an Australian citizen or permanent resident. You also need to be employed and earning income from an employer who has partnered with Wagestream.

How do I apply for Wagestream? 

You can download the app on the Apple App or Google Play stores. Find your employer, enter your details (name, date of birth, phone number and email address) and link the bank account your employer pays your salary into.

Compare other short term loans

1 - 4 of 4

Name Product Maximum loan amount Term of Loan Turnaround time Arrears Fee Costs Fortnightly Repayment (for $1500 Loan)
Sunshine Short Term Loans
9-14 weeks
30 minutes - conditions apply
20% of loan amount + 4% of loan amount each month
A small loan up to $2,000 that you repay over 9-14 weeks. Loans approved and funded in as little as 30 minutes. Centrelink must not be your primary income
Nimble Small Loan
62 days to 9 months
1 hour - conditions apply
20% of loan amount + 4% of loan amount each month
A loan up to $2,000 with terms up to 62 days to 9 months. Centrelink cannot be your primary source of income.
Safe Financial Small Loan
22 - 52 weeks
Same day - conditions apply
Up to $2,000 - 20% establishment fee + 4% monthly.

Above $2,000 - $400 + loan management fee of up to $399 + from 8.7% to 48% APR

Borrow from $1,000 to $5,000 with same-day funding and no early repayment fees.
Ferratum Cash Loans
3 to 12 months
Same day - conditions apply
20% of borrowed amount + 4% of borrowed amount each month
Borrow what you need with loans starting from $500 and approval in minutes.

Compare up to 4 providers

Ask an expert

To ask a question simply log in via your email or create an account.

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.
Go to site