iAdvance from Meta

A. Once you establish direct deposit on your prepaid card, simply call the number on the back of your card or visit www.MyiAdvance.com.

A. Once you are eligible for the iAdvance^SM Line of Credit from MetaBank, the amount you can borrow depends on the average amount of your recent direct deposit history. Once you are eligible, 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. 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.

A. 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. This is equal to an 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.

A. You don’t have to do anything – payments will be automatically made from your prepaid card. 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 future deposits until the amount you owe is repaid in full. You should consult the iAdvance Terms and Conditions for additional repayment information.

A. 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 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 credit limit will gradually be reduced in $100 increments, as explained in the iAdvance Terms and Conditions.

A. Yes. Loan advances and repayment performance are reported to the three major credit bureaus monthly. Managing your credit and making payments on time, especially after a period of late payment behavior, will 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.

A. Click here.