Pockit is a UK-based digital financial services platform offering a prepaid Mastercard and account, primarily designed as an alternative to traditional banking for underserved or financially excluded individuals. It allows users to manage money, receive salary/benefits, and build credit without credit checks, featuring cashback rewards and instant spending alerts via a mobile app.
You can get an instant advance of up to £200 straight into your Pockit account without a hard credit check. A soft credit check may be conducted which does not affect your credit score. Important note: Cash Advance is powered by SteadyPay LTD, this is subject to eligibility and affordability checks run by SteadyPay.
Pockit is a prepaid account, not a bank.
It's easier than exchanging money, with Pockit, you can load your card before you go abroad then use them as you would a normal debit card in any shop or restaurant that accepts Mastercard. You can withdraw cash from ATMs that accept Mastercard® as you wish.
Safeguarding Funds: Pockit is required to keep your money in a segregated account with a regulated bank. This means your funds are stored separately from our operational accounts, ensuring that your money is safe and not used for any other purpose.
If a criminal has both your routing number and account number they can potentially steal money from your account through fraudulent ACH transfers and payments.
Pockit plans start from as little as 2.49/month, whilst our Pay as You Go option has no monthly fee! The full breakdown of benefits and fees can be found here.
Just go to the transfers and top ups section of the Pockit app, generate your unique barcode, and show that barcode to the cashier at your chosen Paypoint to connect your cash deposit to the Pockit app. Use this handy PayPoint locator to find a PayPoint store near you.
In order for Pockit to be able to offer its unique range of products and services, Pockit charges a few small fees. Below is a list of where some of your fees go: Maintaining the platform / app. Comply with regulations and the associated costs.
Is Pockit a prepaid credit card? No, Pockit is a contactless prepaid Mastercard®.
The "$10,000 bank rule" refers to federal laws requiring financial institutions and businesses to report large cash transactions (deposits, withdrawals, payments) of over $10,000 in currency to the government to combat money laundering and financial crimes. Banks file Currency Transaction Reports (CTRs) for cash activity over $10,000, while businesses file Form 8300 for similar payments, both sending info to FinCEN and the IRS to track illicit funds.
What is the amount I can borrow as personal credit? An eligibility check will determine the amount available for you to borrow, anywhere between £30 and £500, based on your affordability.
As per the Reserve Bank of India (RBI) guidelines, if your cash deposit in a single transaction exceeds ₹50,000, furnishing your PAN card details becomes mandatory if your account is not already linked with your PAN.
It's quick and easy to get cash out at one of the 28,000 PayPoint stores near you. The maximum amount you can withdraw depends on the type of your Pockit account. Click here to learn more about your account's limits.
It's quick and easy to add money into your Pockit account via a UK bank transfer. To do this share your unique account number and sort code with whoever is making the transfer into your Pockit account.
Yes, you can open a Pockit account without a driving licence or passport! If you don't have a driver's license or passport, you can still open a Pockit account by providing alternative documents. We can accept a wide range of documents - more than 30 different ones!
You can often open a bank account with $0 to $100, depending on the bank and account type; many checking accounts need only $25-$50 (or nothing at all for students/online), while savings accounts might require more, like $100, but some online banks like Ally offer no minimum deposit accounts. Always check for minimum balance requirements to avoid monthly fees.
Here's what you need to know to get started:
Once approved, you can borrow the money now and pay it back later. Take your £50 Cash Advance for a £4.99 flat fee, no interest applied. Your advance and relevant fee will be visible in your account.