In order to maximise your earnings the default setting on your account is set so that payment is automatically reinvested in new loans. This means you earn interest on your interest. Reinvesting means that you don't have the same access to your money as if you have it set to go to your available balance.

Instead of automatically reinvesting your interest, you can also choose to have the interest paid to your Available Balance or set it to withdraw each month to your nominated bank account (minimum amount to withdraw is £25.00).

You can change your auto-reinvest settings any time by signing in to your account and going to My Account > Manage Income.

Good to Know

If you haven’t already done so, you will need to enter your bank account details. Your bank account will then need to be validated. This can happen instantly, but sometimes we might need to see a copy of a recent bank statement. If we do, we will send you a request to upload your bank statement via a secure portal.