Manual Pay and be paid Wire transfers Receiving paychecks on Lydia

Receiving paychecks on Lydia

Customers can directly receive their paychecks on a Lydia account.

It is even encouraged for those who significantly use the app and the means of payments it offers. They would no longer need to remember to credit their account via wire transfer.

They just need to forward their IBAN to their employer.

Benefits

Even if they don't want Lydia to become their main account, receiving their paycheck offers many benefits:

  • no need to remember to top-up
  • no more waiting for your top-up transfer
  • no more reaching their bank card's limit or paying potential fees (for those who credit their account via bank card)
  • a notification informs customer the second their money comes in

If customers don't want to keep their entire paycheck on Lydia, they can, upon reception, transfer part of it to a bank account. And thanks to instant wire transfers, their money will be credited in less than 15 seconds.