We might pay you commission on balances your customers hold with us, and interest on balances you hold with us. We may also pay interest to your customers depending on the type of account they have.

A simpler way to understand the difference between commission or interest is by looking at who owns the account. If you own the account, you’ll earn interest on funds held. If your customers own the account, they’ll earn interest on funds held and we can pay you commission on those balances.

For example, if you’ve opened easy access savings accounts for your customers with us, your customers will earn interest on their funds and you’ll earn commission on those same balances.