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. Once your final payment has been processed, you can request your next Cash Advance after 5 days. 

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?
After you receive your Cash Advance, 10% of each gig payout deposited into your Moves account is applied to your Cash Advance until the full amount is repaid. So, for example, if you had a Cash Advance balance and made a $50 Uber deposit, Moves would automatically deduct $5 from the deposit to go towards your Cash Advance repayments.

You are able to pay your Cash Advance at any time by clicking the 'Pay Now' button in the Cash Advance screen. When you use the Pay Now feature there is a 5 day waiting period before you can accept your next Advance.
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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