Repayment of loan
Linking accounts
To use the company’s services, you need to link your bank account, PayPal account, or prepaid card to your user profile. To link your account, you have to:
Access the mobile app and the main menu;
Tap the “My Accounts” button;
Once you choose the “Link a New Account” option, follow the prompts;
Enter your debit, prepaid, or credit card in the “Card” tab.
You can link multiple bank accounts to Info Money.
Additional costs
If you want to receive the funds quickly, in 3-5 minutes, you must pay the fees. These fees are paid from the account that is linked to the mobile application. For example, if a user has to pay a fee of $5 and cashed a check for $100, then $95 will be credited to the borrower's account.
The fees come in amounts of 2% for payroll and government checks, while other types require a 5% fee. The minimum fee for the other checks is $5.
Early payoff
The user has no choice when to pay fees. Fees must be paid as soon as the user selects the option to receive funds cashed from the check in 3-5 minutes. The user can not pay fees later in another way. This is done so that dishonest users cannot avoid paying fees for a quick transfer of cashed funds. Fees cover transfer operating costs, which is another reason they should be paid immediately.
