How do I pay off draws early? – Bluevine Help Center

Draws are normally repaid via automatic debits from your account over 6 months. However, you may repay early - in full or partially - at any time, we only require that you have the funds for a minimum of 48 hours. To make a payment, go into your Flex Credit tab, then select the draw you wish to make the payment on. You will then be routed to another page; this page will show you the transaction history on the selected draw.

In the upper right hand corner select Make Payment. A window will pop up and provide you with the following payment options of Full balance, Catch up amount (This will only show if you have a missed payment on this draw), Minimum payment, and Other. Once the payment has been submitted, it cannot be cancelled.

We only charge you for the funds you are using, and only for the time you use them. Paying a draw off fully by selecting the Full balance option will stop fee accumulation on that draw. Partially paying a draw will reduce the fees and regular scheduled payments.

Starting February 1, 2022, customers will earn 1.2% interest on the total balance of Bluevine Business Checking accounts and Sub-accounts up to and including $100,000. No interest earned on total balances over $100,000. As of May 1, 2022, customers will earn interest on total balances up to and including $100,000 only if they meet the monthly debit transaction or deposit requirements described in Section M of the Account Agreement. Any interest accrued and payable will be paid to your Bluevine Business Checking account.
Customers will receive a Bluevine Business Debit Mastercard only for use with the main Bluevine Business Checking account.
No limit on number of transactions. However, all accounts are subject to the aggregated monthly deposit and withdrawal amount limits of the Account Agreement.
The national average and comparison are based on interest rates paid by U.S. depository institutions as calculated by the FDIC.
Debit transactions must post to your account before the end of the month to qualify toward that month’s eligibility requirement. Bluevine Business Debit Mastercard is issued by Coastal Community Bank pursuant to a license from Mastercard Inc.
Qualifying transactions only include mobile deposits of customer checks, customer payments made via ACH or wire, and customer payments transferred from payment processing providers. These transactions must post to your account or sub-accounts before the end of the month to qualify toward that month’s eligibility requirement. Transactions that do not qualify include, but are not limited to, mobile deposits of checks drawn on accounts you hold at any institution, cash deposits, and transfers from any of your external accounts, except those associated with payment processing providers.

Related articles

Didn’t find what you’re looking for?