With Flex Pay, we pay your vendors right away, from your dedicated Flex Account. You then have a 3-day grace period to determine how to repay. Within the 3-day grace period, you can repay from your dashboard:
- directly from your bank account or by debit card (no fees);
- with a credit card (processing fees apply); or
- wait for the outstanding expense to automatically continue as a draw on your line of credit—up to your available credit limit (standard fees apply). In your Settings, you can set whether these draws are created with 12 or 24 week repayment plans.
Flex Account is a business demand deposit account established by Pathward, N.A., Member FDIC.