What is auto-repay?
Auto-repay is our stress-free answer to the cash advance repayment process. You don't need to worry about missing a due date or setting a reminder: we handle everything.
How does auto-repay work?
Genius automatically detects your next paycheck date. On that date, we'll withdraw exactly the amount we advanced, with no interest (ever).
What if I can't repay by the due date?
We always coordinate your repayment date with your next expected payday to avoid overdrafts. In the case that your due date arrives and you have insufficient funds to repay the advance, Albert will attempt to withdraw as much of the amount advanced you can afford to repay. This can occur in multiple transactions until your advance has been fully repaid.
Can I repay my advance before the due date?
Absolutely! If you are able to do so, you can repay your cash advance manually. Here's how to do it:
- Tap the Instant card on the Albert home tab
- Tap the gear (⚙️) symbol in the upper right-hand corner on the Instant home screen
- Under the Status section, tap Repay now. Then, select the amount you'd like to repay, and hit Continue. Your repayment will process shortly.
