Pay off a loan with pending cash

Oct 22, 2026
Pay off a loan with pending cash

You can now choose “Cash balance” to pay off a term loan in the Strike app or on the web whenever your settled and pending cash together cover the payoff amount. Strike takes the full amount right away and closes the loan when the last pending deposit clears. You see that date before you confirm, and no interest accrues while you wait.

You can also cancel a pending closure started with your cash balance, a wire, or a linked bank to reopen the loan right away. Nothing in flight is stopped, so a wire that never applied still lands in your cash balance.