What does 'pay-in' mean?

What does 'pay-in' mean?

Most accounts require you to deposit a certain amount every month. This needn't stay in the account, nor must you actually be in credit, it just has to be paid in.

In effect this sets a minimum earnings threshold. The following are the most common equivalences...

£500/month pay-in = a pre-tax annual salary of at least £6,000.

£750/month pay-in = a pre-tax annual salary of at least £9,125.

£1,000/month pay-in = a pre-tax annual salary of at least £12,850.

£1,500/month pay-in = a pre-tax annual salary of at least £21,650.