True Finance evaluates a range of data points to determine cash advance eligibility. While multiple factors are considered, here are a few key ones to check:
Outstanding Advances: You can only have one active cash advance at a time. Once your current advance is repaid, you’re welcome to apply again!
Direct Deposit Requirement: To qualify, your income must be received via direct deposit. If your account does not have at least three recurring direct deposits, you will not be eligible for an advance.
Bank Account Eligibility: Your bank account must meet these requirements:
It’s a valid checking account in your name.
The account is at least 90 days old.
You receive at least $1,000.00 per month in direct deposits.
It’s not with PNC, Varo and Chime.
Scoring System: We use a third-party scoring system to evaluate eligibility and determine approval amounts, which range from $10 to $100.
If you’re ineligible for a cash advance at this time, feel free to contact us for a full refund of your $4.99 monthly technology fee. Please note, refunds are only available to customers who are denied an advance.