Pricing. Nothing hidden.
What earned pay costs.
A single fee of 1% of your withdrawal. Here is what it costs you, what it costs us, and what remains.
One fee. The costs behind it, shown in full.
The fee, in full
Where do your
35 kr go?
Access 3,500 kr of pay you have already earned and the fee is 35 kr. No growing interest. No setup fee. You should be able to see what you pay for, without having to read between the lines.
The cost of getting it right.
Swish delivers your money in seconds. BankID verifies your identity. Credit assessment and data checks help keep payouts within what you have earned.
AS Magnetiq Bank, our licensed EU bank partner, provides the capital until payday. We pay for that funding. We also set aside a provision for repayments that do not go as planned.
What Pock keeps.
The remaining 17.60 kr is our margin before operating costs. It pays for the team, product development and support. It is not our net profit.
Your fee is the same whether the withdrawal is settled today or on payday. We want to earn your trust by being useful, not by adding costs when you fall behind.
Clear numbers.
No blind trust required.
The calculation behind the numbers
Our assumptions.
In plain sight.
Swish (2 kr), BankID (0.40 kr) and credit assessment (7 kr) are fixed costs per withdrawal. Bank funding assumes an annual rate of 6.7% and an average of 7 days until payday. The repayment risk provision is 0.1% of the withdrawal. Individual costs are rounded to the nearest öre.
These figures illustrate the cost model, not the exact cost of every individual withdrawal. The financial service is VAT exempt in this calculation. Pock margin is before salaries, product development and corporation tax.
The annualised comparison matters. A fee of 1% over 7 days is equivalent to approximately 68% when compounded over a year. This is a mathematical comparison, not an annual interest charge. For the withdrawal shown here, your cost remains 35 kr.