The maximum amount that a customer can currently cash out with the Beforepay Pay Advance is $2,000.
Your Pay Advance cash out limit is determined by a number of factors, including your income, your pay cycle (i.e. how often you get paid), your spending habits, your debts, and your repayment history.
You can learn more about what impacts your cash out limit here.
Each cash out with Beforepay is considered a new loan, resulting in your limit being recalculated every time you use Pay Advance.
Over time you may notice your cash out limit change as it is recalculated based on a number of factors, including those mentioned here, to align with your financial circumstances at a given point in time.
If you are a new Pay Advance customer your cash out limit will likely be between $50 and $1000.
Learn more about our fees for the Pay Advance product here.
Still have questions? Contact support@beforepay.com.au