What is the Cash Advance Feature?
The Super Cash Advance is a deposit of up to $200 which is offered to select Super deposit account holders. The cash advance is not a lending product nor is it affiliated or associated with MRV Banks in any way nor the terms or representations made by Super.com.
This sounds like a loan, why is it different?
The cash advance feature works similarly to a loan but does not have any interest or mandatory fees, and is therefore not a loan by definition.
Is Cash Advance a payday loan feature?
No, it is not a payday loan. Payments will be automatically collected from your Super deposit account on the due date, assuming you have not opted out of the auto-pay feature. In the event that you do not have sufficient funds in your Super deposit account, the cash advance repayment will be repaid from your linked bank account or debit card. If you do not have sufficient funds in your linked funding account, the cash advance repayment will be rejected and repaid once you have enough funds in your Super deposit account or linked funding source. You will be notified of any overdue cash advance balance.