iAdvance Frequently Asked Questions


  1. How do I enroll?
    Once you establish direct deposit on your AccountNow prepaid account, simply call the number on the back of your card or visit www.MyiAdvance.com.
  2. How much can I borrow?
    Once you are eligible for iAdvanceSM Line of Credit from MetaBank, you can obtain your available credit limit by logging on at www.MyiAdvance.com or by calling the number on the back of your card. Your credit limit is the maximum amount of money you may borrow under iAdvance. Like other lines of credit, as you request money, your available limit will decrease. When the money is repaid, your available credit limit will be restored.
  3. How much does it cost?
    There is no cost to enroll in iAdvance. You only pay if we make you an advance. The cost is $2.50 for each $20 borrowed. This means that if you borrow $100, the cost (or finance charge) is $12.50. In any statement period that an advance is made, your monthly periodic statement will show a historical APR of 150%. There are no late fees or fees associated with paying your balance early. You should consult the iAdvance Terms and Conditions for more specific fee information.

    You should carefully consider the costs of iAdvance. Alternative forms of short-term credit exist that might be less expensive and more suitable and advantageous to you as the borrower.
  4. How do I pay back my loan?
    You don’t have to do anything – payments will be automatically made from your AccountNow prepaid account. When the next direct deposit is made onto your prepaid card, your outstanding balance and finance charge will automatically be repaid in full. Any deposits (including your paycheck or benefit-related income, tax refund or other special one-time non-repetitive deposits) will be used for repayment.

    If your direct deposit is not enough to repay the amount you owe, a partial repayment will be made resulting in an unpaid balance. iAdvance will take repayment of the remaining unpaid balance from any funds on your prepaid card, including future deposits, until the amount you owe is repaid in full. You should consult the iAdvance Terms and Conditions for additional repayment information.
  5. How often can I borrow money?
    You may access iAdvance in $20 increments – up to your available credit limit. iAdvance is designed to provide access to cash quickly and when you may need it most. Since it is designed to be a short-term solution, if you use the service for more than 12 consecutive months your iAdvance account may be temporarily suspended for one pay period or 30 days, whichever is less.
  6. Does iAdvance report to credit bureaus?
    Yes. Loan advances and repayment performance are reported to one, or more, of the three major credit bureaus monthly. Managing your credit and making payments on time, especially after a period of late payment behavior, may help to raise your credit score over time. With iAdvance you don’t have to worry about getting your payment in on time – we do it for you automatically from your next direct deposit.

    Need more information about improving your credit score? Visit www.myfico.com for additional tips and other information about your credit score.