Repayment of loan
You will pay back your cash advance according to the repayment schedule, which is often based on your paychecks arrival date. You can connect your bank account to the app and make withdrawals from it to avoid high fees.
Gerald has a checking account that you can use to make payments. You will again have to transfer money from your bank account.
Overdraft protection and fees
Note that overdraft happens through ATM withdrawals, purchases with debit cards, and automatic monthly payments when the balance of the account is below the overdraft threshold. Overdraft fees can add up to the highest checking account fees paid by consumers, and banks will often charge separate fees on top of overdraft charges, such as non-sufficient funds (NSF) and extended overdraft fees.
Mobile transfers
You can use Gerald mobile application to pay for your household bills. They are made directly to your Gerald account from the bank account you linked. The transfers and instant, and the account is FDIC-insured.
Gerad can make instant transfers of up to $215 for your household bills. There is no interest. The app withdraws the money to cover the provided sum once your paycheck arrives.
