A Branch link is an actual page on the web. When users click a Branch link, they open that webpage, and we get pinged. We use matching to detect your users’ device, operating system, and browser, and combine that with cookies to either remember or check whether they have the app installed.
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How does the branch app work?
The Branch app allows you to request an advance on your paycheck through a feature called Pay, which may be a lower-cost alternative to a payday loan. Instead of paying traditional interest on this advance, you can just leave a tip for the service.
How much can you get from branch?
How Branch Pay compares with 3 alternatives
| Branch Pay | |
|---|---|
| Borrowing amount | $150 per day and $500 per pay period |
| Turnaround time | Same day or three days |
| Application process | No application process, just need to connect your bank account and work schedule |
| Costs | Instant advance: $3.99 Three-day advance: Free |
Does Branch have a monthly fee?
Is there interest or monthly recurring fees? There are no interest fees, and Branch pays all transaction fees at no cost to the employee or employer.
How long does it take for Branch to give you a loan?
How long does the application process take? We aim to process all loans within 24 hours. On average we process loans in less than 3 hours and hope to reduce that to a few minutes.
How do I add direct deposit to my branch?
Adding Direct Deposit to Your Branch Wallet
- Open the application to your Branch Wallet by selecting the wallet icon on the bottom left.
- Click Add Funds in the upper left hand corner and select Direct Deposit.
- Click Create Form and then choose the percentage of your direct deposit that you’d like to route to Branch.
How do you pay branch back?
Branch will automatically withdraw your advance amount from your checking account on the date shown. If the date shown is not when you’ll receive your next paycheck, please reach out to us here providing the date of your next paycheck, and we’ll validate and update the payback date as needed.
Can I withdraw money from branch?
Do banks impose limit on cash withdrawal from non-home branches? Yes, banks have imposed a limit on withdrawal from non-home branch. For instance, if you have a savings account with State Bank of India, you can withdraw up to Rs 50,000 a day at a non-home branch, using the withdrawal form accompanied with the passbook.
Can you withdraw cash from branch?
The Branch debit card should be supported at most ATMs across the country. However, some may charge a nominal fee. There is an ATM Locator built within the app that will direct you to the nearest No-Fee ATM to withdraw funds from your Branch Card.
How much is branch interest rate?
Branch: Branch is another platform that offers quick online loans in Nigeria. They determine loan eligibility and personalized loan offers using the users’ smartphone data. Their interest rates range from 15% – 34%.
How do I pay a branch?
How should I repay Branch?
- Navigate to MPesa in your Safaricom menu on your phone.
- Select Lipa na M-PESA.
- Choose the Paybill option.
- Enter the Paybill number 998608.
- For account number, enter your MPesa number on which you received your Branch loan.
- Enter your repayment amount.
- Enter your M-PESA pin.
How do I get a branch loan?
How Branch loans work
- Download the Branch app. Use your Android phone to download Branch from the Google Play store.
- Create your account. Fill out a simple form in under 30 seconds and submit for a quick review.
- Apply for the loan that meets your needs.
- Receive the loan into your account.
Is Branch a checking account?
Branch is a free checking account offering unusual perks like free instant paycheck advances and early direct deposits.
How much can I borrow from branch app?
You can borrow N5,000 to N500,000 using the app, however, be prepared to be bothered until you pay back fully.
Is branch a good bank?
On the App Store, Branch has a 4.7/5.0 from 22.6K ratings. On the Google Play store, it has a 4.25/5.0 from 6,863 ratings. In addition to cash advances, Branch allows workers to message each other, even away from work, to help build relationships.
Does branch get paid 2 days early?
Branch will post direct deposits from your employer to your Branch Wallet account as soon as we receive the funds. If your employer supports it, we may be able to make your paycheck available up to 2 days early** in your branch account.
How does branch direct deposit work?
When you move your direct deposit to Branch, you can begin to use us as your main bank account. This will allow you to pay your bills from one account, take free advances to that same account, and pay back those advances as well.Eliminates issues with delayed data from your bank!
Is Branch a good loan app?
Branch Loan App [2021]- How To Apply, Repay, Interest rate, Contacts.The Branch loan app is available on the Google Playstore and is accessible to all Kenyans and has over 10M+ downloads as well as a 4.6 star rating with 229K+ reviews.
What happens if you dont pay branch back?
Per our terms of service, Branch reserves the right to charge your bank account at any time on or after the payback date shown. We do our best to avoid overdrafts, but in the event insufficient funds are available and a payback is issued, Branch will not be responsible for any additional charges incurred.
Can I deposit money in any branch?
And the banking facilities available to customers at branches other than the home branch are called non-home branches. If any cash transaction, such as deposit or withdrawal, is done at a non-home branch, a fee is levied. This fee varies across banks.
Can we deposit DD in any branch?
‘ It can be cleared at any branch of the same bank. It can be cleared at any branch of the same city.