Close a loan with a bank deposit

18 jun 2026

You can now pay it off and close it via ACH or wire deposit without moving money into your cash balance first. Interest stops accruing as soon as you initiate the deposit. Start the closure in the app, then deposit the funds and reserve them for that loan. An overpayment by wire still closes the loan, with the excess credited to your cash balance. An underpayment does not close it. A failed ACH, or a wire not credited within 4 calendar days, cancels the closure.