A once-off Direct Debit (ACH) is now available for customers making payments in USD from a U.S. bank account. Direct Debits can take up to 8 business days to arrive in our account, so be sure to make payment by the 18th of the month so that it arrives by the payment due date of the 28th.
To pay down your loan balance using our no-fee ACH payment system:
Step 2: Select the loan for which you'd like to make a payment, then click on the Pay button.
Step 3: Select the Direct Debit (ACH) payment option and enter the amount you'd like to pay each month. You can select from the amount due or a different amount.
Step 4: Check the amount. If you've opted to pay the amount due, we'll calculate this automatically based on the latest information in your account. If you choose another amount, you'll be able to select a higher or lower amount than the amount due.
Step 5: Enter your banking details. Be sure to double check that these are correct! Your bank will be able to share the correct ACH routing number. This number identifies your bank on the ACH network and can normally be found on your bank's online portal or on your checkbook.
Step 6: Click on authorise payment to finish the job. Your payment will be deducted from your account within 3 business days and you can expect it to reflect in Prodigy Finance's account within 8 business days.