How does a direct deposit payday loan work? Online payday loan providers rely on the ACH system to disburse funds as well as collect repayments. When you’re getting a direct deposit payday loan you’ll have to provide your bank routing number and your bank account number, and the lender will use these details to transfer the money into your account. The lender relies on the same information when your repayment is due, simply requesting the funds from the nominated bank account…
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