The maximum amount that a customer can currently cash out with Beforepay is $2,000 for the Pay Advance product for a 5% fixed fee.
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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.
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You can learn more about what impacts your cash out limit here.
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Each time you cash out with Beforepay is a new loan, which means your limit is recalculated with each cash out request.
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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.
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If you are a new customer for the Pay Advance product your cash out limit will likely be between $50 and $1000.
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Learn more about our fees for the Pay Advance product here.
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Still have questions? Contact support@beforepay.com.au