How do I get a cash advance directly to my savings account?

In order to store the cash advance directly to your savings account, you must also be stored on your savings account. A cash deposit is a short -term loan that is provided on the basis of employment income and not from your credit score. The direct deposit is the method of moving money by transferring funds directly to a specific bank account electronically.

The savings account is available from any bank or credit union. This type of account is designed for a low transaction volume. Funds can be stored electronically or at a local bank branch. The money in the savings account can be downloaded using Teller Services at the bank branch. Some types of savings accounts can be accessed using your electronic bank card or via Internet banking.

Find a cash deposit or wage loan and ask for your loan. There are two types of payday loans: Internet or facades. If you want to find an internet company, use an internet search engine. Find a hundred -store forMailed to Orefront, use a search engine or business directory for your city.

The basic requirements for qualifications for this type of loan are much lower than for a standard personal loan from financial services. If you want to qualify, you will have to be employed for at least six months with the same employer. To qualify, you must have at least 60 days of bank transactions in your savings account.

You must provide at least two recent remuneration reports, printing from 30 to 60 days of bank transactions in a savings account and identifying photos. In addition, you will need to provide an official letter from your bank confirming your transport, branch and account numbers. This letter is necessary because you cannot provide canceled control as well as standard practice.

If you use an internet company, these documents areUsually faxed companies along with your request. The financial company checks the details and informs you about the amount of your loan. Funds are then transmitted electronically to your bank or sent in the e -mail transfer of money.

As soon as the application has been approved, the funds will be inserted on your savings account. Cash advance is a very expensive form of financing, with annual interest rates between 35 and 65%. These types of loans are designed for short -term and emergency financing and are not intended for long -term use.