How is the repayment date calculated?

To help anticipate when you'll have sufficient funds to cover your payment and replenish your available Instacash advances, we try to align your scheduled payment date with your next expected deposit in your account. Our sophisticated prediction system looks at your previous deposits and predicts when you’ll get your next one, and we then schedule your Instacash repayment for that date. We will always show you your scheduled repayment date and the repayment amount in the Instacash page of the MoneyLion App!


Please note: When you take an Instacash advance that is not delivered on an expedited basis, your next deposit date (and therefore your scheduled repayment date) may be too soon. In such cases, to ensure we do not set a scheduled repayment date before you receive the advance, we push this date back to give you enough time to receive and use your funds. In cases where you have taken two advances in the same deposit cycle, you may even have two scheduled repayment dates (for example, a repayment date for when you used expedited delivery to receive funds and a repayment date for when you used standard delivery to receive a second advance).


If our system can't predict an upcoming deposit, it may set your Instacash repayment date to the second Friday following the day you took the Instacash advance.


We understand that sometimes life gets in the way and unexpected obstacles occur! We do offer our customers the ability to defer their scheduled repayment date by up to two weeks once per Instacash advance request. To do so, please submit a ticket to our support team here, and repay your Instacash manually as soon as you are able. See here to learn more.


Please note: Taking Instacash advances may help you avoid overdraft fees, and we may take steps to help you avoid bank fees when you repay your Instacash advances, but your financial institution will choose whether to reject or cover a transaction in case of an insufficient balance in your account. If they cover the transaction, you may be charged an overdraft fee.

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