If you’re eligible for Deel Advance, then you may be able to access your paycheck early “with no credit checks, interest rates, or applications regardless of your location,” according to an update from Fintech firm Deel.
They claim to have heard “countless” stories of people around the world utilizing Deel Advance “to get access to funds when they otherwise wouldn’t be able to.” Financial products are “not equal around the world, and they’re proud to be leveling the playing field.”
With Deel Advance, you can “access up to $50 fee-free each paycheck.” For advances over $50, they “charge a fixed fee to help cover [their] costs, with a minimum fee of $10.” Transparency is key so before you request an Advance, “you’ll always see a full breakdown of any fees in your dashboard,” the firm noted.
It’s possible to advance your paycheck from Deel, “instantly.” You may withdraw your advance “by any of your withdrawal methods, or load it straight onto the Deel card.” There are “no complicated steps or approvals,” the firm claims. They also noted that if you are eligible “simply advance your pay in just a few clicks from the Deel dashboard, with no interest or late fees.”
As mentioned in the update, Deel Advance “is fee-free for the first $50.” After that, there’s “a fixed one-time fee with a minimum of $10—no additional charges or interest.” The Fintech company added that you “won’t ever be surprised by the fees, you’ll always get to see them before you complete your Advance.”
As noted in the announcement, if you’re paid via a fixed or Pay As You Go contract on Deel, “you’re eligible to access your paycheck early” if you meet the following requirements:
- You have an active Fixed or Pay as you go contract for at least 2 months
- Your Deel account is verified
- Your contract is not terminated or pending termination
In order to get started, you can login to Deel, “select Deel Advance in the navigation menu, and enter an amount.” The firm will “advance you the money quickly (and in most cases, instantly), without any credit check or lengthy approval process.”
Repayment of your Deel Advance “automatically comes from your next paycheck.”
For more details, check here.