Back
How does the Cash Advance Fee work?
We assess a Cash Advance Fee (a finance charge) of ten percent (10%) of the total Cash Advance amount for each Draw you make on youraccount.8 When you request a Cash Advance, we will deduct the Cash Advance Fee amount from the total Cash Advance request amount, and we will deliver the remaining amount (the Advance Proceeds) to your bank account on file. Your Advance Proceeds will always be less than the total amount you must repay.
- How it works: If you ask for $1,000, you will receive $900 in your bank account because $100 is deducted as the Cash Advance Fee.
- What you owe: You still owe the full $1,000, which gets added to your total account balance.8
Please see the Cost and Terms for details regarding the cost and availability of products in your state of residence.