Quick Start Guide: Cash Advances

To be eligible for a Cash Advance, you will first need to link your gig deposits to your Moves Spending account. Once you have deposited a minimum amount of $100 in gig deposits within a 28 day time-frame into your Moves account, you will begin to qualify for a Cash Advance. 

You are only able to have one Cash Advance at a time. You are able to repay your Cash Advance at any time for free. 

Cash Advance FAQ:

How can I get a bigger Cash Advance?

Our real-time assessments will automatically adjust your eligibility to determine your highest qualified Cash Advance. Your Cash Advance amount is primarily based on the total gig payouts you have recently deposited into your Moves Spending Account.

A strong repayment history and healthy overall account status is also taken into consideration for your Cash Advance amounts as you build your reputation with Moves. You can find your repayment history in the Moves app on the Cash Advance screen. Build a good repayment history by completing Cash Advances by the contract due date.

How do repayments work?
Before you accept your Cash Advance in the Moves app, you will be able to select how much of your gig deposits you want allocated towards your Cash Advance repayments, starting at 10%. Once you select your repayment allocation and accept your advance, you cannot switch your allocation until your next Cash Advance. After you receive your Cash Advance, the percentage you chose of each gig payout deposited into your Moves account will be applied to your Cash Advance until the full amount is repaid.

You are able to pay your Cash Advance at any time by clicking the 'Pay Now' button in the Cash Advance screen. 
How much does a Cash Advance cost?
Total repayment for your Cash Advance equals the Advance's principal amount plus a service fee. You will be quoted your exact repayment amount before accepting anything. 

Next: The Moves Collective  

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