We can auto charge a debit card on a loan. This auto payment happens everyday around 3:30am est. To view ALL “auto” and scheduled payments, use the Auto Schedule Report.
- The repayment method is Debit Card
- The repayment status must be set to “Debit Card”.
- The payment is due today and the loan is in “Open” status.
- The payment is not scheduled for ACH.
- The payment is not already scheduled to be debited.
- The loan is not written off (must schedule if it’s a writeoff account)
- There must be a debit card on file, which is token-ized inside Intro XL
- The last result for that card doesn’t contain the words “stolen”, “invalid”, or “lost”
Please enter in a support ticket to turn this on.
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