Saving in Daily Life - Tips & Tricks

When used responsibly, PayDay can help maintain your strong credit profile. Timely repayment of invoices demonstrates good payment behavior, while our service helps you avoid late payments that could negatively impact your credit score.

PayDay requires users to have good credit standing and financial stability. We conduct credit assessments as part of our approval process to ensure responsible lending practices.

PayDay doesn't use interest rates or hidden costs like traditional personal loans. Instead, you pay a clearly defined monthly fee – full cost control, no surprises.

You have 30 days for repayment. If you need more time, you can extend the deadline once by another 30 days – for an additional fee of 19.90 CHF.

From the second year of use, a fixed annual fee of CHF 19.90 applies to keep the account active.

For the first invoice of the day you pay CHF 24.80, followed by CHF 4.90 for each additional invoice on the same day.

For the application you need: Email address, copy of passport or ID card (ID, B/C permit), and the last 3 pay slips as proof of income. During onboarding, a KYC process is also carried out (e.g., ID upload, bank QR transaction, or face ID verification).

There is no numerical limit – what matters is that the total amount of all invoices per month does not exceed 499 CHF.

After PayDay pays your invoices, you have 30 days to repay the corresponding amount via bank transfer. If you want more time, you pay the 19.90 CHF extension fee for another 30 days.