Do I need direct deposit?
As a means of security and to ensure the quickest delivery of your money, most of the cash advance lenders require you to have an active checking or savings account that receives direct deposit.
As you probably know, direct deposit is a safe, secure and time efficient way to get the money you need when you need it.
After your cash advance loan is approved by your cash advance lender, then a representative from a cash advance company will contact you to conclude the processing of your cash advance loan. It is at this time that you will want to ask your cash advance loan representative when you can expect to receive your money in your account. Some customers have reported that their funds were deposited into their checking account within just a few hours of being approved for a short-term loan. However, time frames will vary depending on your cash advance lender and your financial institution.
If for any reason there are changes to your bank information, or you close your account, please be sure to contact your cash advance lender as soon as possible.
Bottom line, for your own protection and in the interests of delivering your funds in the most time efficient manner, most cash advance lenders will typically require that you have a checking account account with direct deposit.
More Questions?
|
|
|