Fundomate’s Real-Time Financing solution enables small businesses to access automated daily cash advances and manage their finances in real-time on a single user-friendly dashboard. Businesses can enjoy convenient, fast, and secure online banking capabilities and use a dedicated debit card to pay bills and easily track expenses.

When you sign up, we create a checking account for you and issue a debit card connected to this account. Your checking account enables you to keep track of every purchase made using your debit card.

Your total includes your available advancement and spending balance. Amount to return signifies the amount of money you have already spent.

You can access your funding immediately after you successfully complete the onboarding process.

Advance account balance signifies the amount Fundomate makes available to you for the advancement-collection cycle. You can transfer the funds to your spending account to use them via debit card or send funds to your personal or company contact.

The advancement-collection cycle is the period during which your advance account balance is made available. The system may update your advance account balance when a new advancement-collection cycle starts.

The advancement-collection period may last anywhere from 1 to 7 calendar days.

There are no pauses between advancement-collection cycles which means you will always have funds available. Your account can only be paused if there is no connection to a third-party bank account or an issue with repayment.

Repayments are triggered automatically and may be split into several portions depending on the amount to return. The Fundomate system will inform you about the repayment plan (the amount and schedule). Repayments are withdrawn from your spending account first. If your spending account has insufficient funds, repayments originate via an ACH debit transaction from your connected third-party bank account. All repayment transactions are reflected in your transaction feed.

Yes. Fundomate accounts are FDIC insured through Blue Ridge Bank, N.A. - Member FDIC.

Yes, you can accept a transfer without registration by clicking the "Accept" link in the incoming transfer notification and going through the required steps.

"Accepted" status means a transfer has already been accepted. The transfer may require additional time to arrive into the recipient's third-party bank account due to ACH processing taking up to 2 business days.

"Canceled" status means the sender has canceled the transfer. Before a transfer is accepted or expires - the sender can cancel it anytime.

"Rejected" status means the recipient didn't go through the security measures and was not verified. As a result, the transfer is returned to the sender.

"Expired" status means a transfer was returned to the sender and cannot be accepted.

Yes. All money transfers within the Fundomate network are instant.

To update your banking details, please contact customer service on 844-377-0840.

There are several reasons why your third-party bank account may have been disconnected. Common reasons include token expiry and changing your credentials to access your third-party bank account.

You can withdraw cash from an ATM once you have received your physical debit card.

Your business must be over 12 months old and average a minimum of $10,000 in gross monthly revenue over the last three months to qualify for one of our programs. You’ll also need a personal FICO credit score that’s above 600.

Funds are typically deposited into your account within 24 hours.

Payments are withdrawn from your business checking account daily via ACH. You can choose to repay at your own pace with a percentage of your daily sales or make fixed daily payments.

You can use your funds without limitation to purchase inventory, finance payroll, expand your business, and much more.

Each application is considered based on your bank transactions, cash flow, and partially on your credit. Your actual rate is calculated using our proprietary algorithm, which takes into consideration several factors.

The funding amount you receive is determined by multiple factors such as personal and business information and money flows in your connected business bank account.

You are not required to provide any collateral. We simply consider your business’s overall performance and cash flow.

You can keep the funds for up to 18 months. However, the terms you receive depend on your eligibility.

Yes. Fundomate accounts are FDIC insured through Bancorp Bank - Member FDIC.