I’m 19, just started my first job and unsure of how the finances really work, gone by the book and just registered myself on Stream as was told by my employer.
I was short of money for some really important expense and had withdrawn £200 out of £225 (total wages so far) from Stream. I’m not too bothered about the £1.95 fee, but it says that this total (£201.95) would be settled on my next payday.
What I’m confused about is what exactly “settled” means since my “pay transfers” show a negative £200. Logically speaking, I’ve only withdrawn the money I’ve been paid and not “borrowing”. So it should only be the fee that’s supposed to be settled from my pay, but sounds like the whole amount would be deducted from my pay? This sounds absurd and my mind tells me it’s obviously not the case, but I just wanna be sure so I’m reaching out.
Really sorry if I’m sounding too thick but I genuinely wanna get the confusion clarified!