After drawing funds, you can repay early at any point during your repayment plan, and we will waive all of the remaining fees. If you choose to repay early, the remaining draw amount and one weekly fee will be scheduled to debit from your account on the upcoming Wednesday. Make sure to submit your request by 10am PST on payment day, so it's scheduled before debits are processed. If you drew funds recently, you may have to wait until your bank confirms the deposit before you can click on Repay Early. Bank confirmations can take up to 5 business days, but you'll always have the option to repay early before we debit your first payment.
Note: If you are on a custom repayment plan, you'll have to contact Support to set up an early repayment.
How to schedule an early repayment:
- Login to your Fundbox dashboard and go to the "In Repayment" tab.
Find the specific draw that you'd like to repay early, and click Repay Early.
- A sidebar will show you the transaction details and how much you will save in fees. To confirm, click Repay Early and the remainder of the advance will be repaid with next Wednesday's debit.