Timing they say, is everything. With a loan, it’s more than everything. If you cannot get the funds you need in time it can create incredible stress on your finances. How fast your loan proceeds hit your bank account is key, you don’t want to wait too long. You need money now. This is important when considering taking out a payday advance. How fast you get your money depends on two main factors:
What time of day you apply –
How fast the your lender wires you loan proceeds –
What day you apply –
Time of Day With an Instant Payday Advance You can receive funds as fast as one hour as long as you apply before the cut off time for the lender. In most cases that would be before 4PM Eastern Standard Time. If you apply after that time, it is likely you will get money delivered to your bank account the next day.
Fast Lenders Not all lenders can wire funds as fast as 1 Hour. It is possible you lender is set at the “Money Overnight” method. That is still pretty fast and pretty much the industry standard. The best tip we can offer is try to apply in the mourning during the weekday when the lenders’ call centers are in operation.
Instant Payday Advances – Holidays and Weekends Please keep in mind when applying for a payday loan, if you apply on a banking holiday or weekend you will not receive your money until the following day. On banking holidays the federal reserve is closed and transfer of monies between banks, .i.e the lenders bank account and your bank account is not possible.
The following holidays are banking holidays:
New Years Day — January 1
Martin L King’s Birthday — 3rd Monday in January
President’s Day — 3rd Monday in February
Memorial Day — Last Monday in May
Independence Day — July 4
Labor Day — 1st Monday in September
Columbus Day — 2nd Monday in October
Veteran’s Day — November 11
Thanksgiving Day — 4th Thursday in November
Christmas Day — December 25