All Collections
Cash Advance
Why do I need direct deposit?
Why do I need direct deposit?
Written by True Finance
Updated over a week ago

We need you to receive direct deposits to be eligible for our Cash Advance product, why?

  • Venmo, PayPal, Zelle, paper checks, etc. do not allow us to verify your employment as these sources don't provide enough verifiable information for us.

  • Second, True will be sending a requested advance to your bank account with an ACH direct deposit.

To go into more detail, the information we have to verify in order for you to meet our minimum requirements, are:

  • You receive direct deposits of at least $500 per pay period for three (3) consecutive pay periods

  • You are able to receive direct deposits

  • You can pay back your advance

  • You normally leave funds in your account on payday

Did this answer your question?