Moves doesn't charge any interest on a Cash Advance. Instead, we provide your Advance in exchange for a portion of your future earnings, similar to a service fee. For all Advances, the cost is 3.5% of the borrowed amount.
All of our contracts are for 10-week terms, with your payments withdrawing weekly from your Moves Spending Account. Your payments are fixed, which means you can expect the same amount to be withdrawn every week until your Advance is settled. Below is the weekly payment breakdown for each Advance with our fee included in the payments.
|Cash Advance Request||Weekly Withdrawals over 10 weeks|