Cash Advance

Create Cash Advance

  1. Display Cash Advance terms

  2. Create the Repayment Node

  3. Create the Disbursement Node

  4. Display the Promise to Repay Disclosure

    1. Required Language: β€œThe bank services are provided by Synapse's partner banks, Members FDIC. By accepting the terms of this account on <Insert Platform Name>, you agree to <Platform>'s Promise to Pay Agreement.”

    2. Display the agreement PDF

  5. Display the Cash Advance Details:

    1. Amount

    2. Repayment Account

    3. Disbursement Account

    4. Repayment Date

  6. Collect Affirmative Consent from the user


  • Platforms can charge a fee for cash advance

  • Platforms cannot charge APR for Cash Advance

  • Cash Advance products are heavily scrutinized by regulators

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