We have answers.

How do I verify my bank account?

We use VersaPay to set up the pre-authorized debit agreement for a loan and for processing all the payments on your loan. You will be provided an instructions page that advises the steps to verify bank information. A small amount (micro-deposit) will be deposited and withdrawn from your account. You confirm the amount so we know we’re putting money into the right account

It will take approximately 24 hours for the verification micro-deposit to appear in your bank account. An email will be sent for you to check your bank account. You will log back into your VersaPay account to enter the deposit info and confirm your identity once you’ve checked for the deposit. 

You’re done! If the amount you enter accurately matches the micro-deposit amount,  your bank account is verified. You are on your way to getting your loan.

 

How do I set up a debit agreement?

We use VersaPay to set up the pre-authorized debit agreement for a loan and for processing all the payments on your loan.

After selecting your loan term, an email will automatically be sent to the email address supplied in your application. You will select Review this Agreement to be taken to VersaPay. A debit agreement page will be presented. On the debit agreement page, you will be asked to enter your bank account information. But don’t worry, all your information will be securely stored.

You will then be asked to set up a VersaPay account and to review and to agree to the debit agreement.