How can a third party pay off my Bluevine Line of Credit? – Bluevine Help Center

If a third party will be paying off your account, a payoff letter is the appropriate document. The payoff letter consists of your account number, your outstanding balance as of that time, and the wiring instructions. A payoff letter can be provided to you via email within 1-2 business days by contacting us at 888-216-9619 option 2 or emailing support@bluevine.com.

Please be aware that once the payoff letter is requested we are unable to release any additional funds, and the debits will continue to run as scheduled until the payment is received from the third party. Once the payment is received a release letter will be sent to you via email and your Bluevine account will be closed.

If your account is overpaid, you will receive a rebate to your primary bank account on file after all payments have been processed. Please note that payments via ACH take two to three business days to be processed.

We strongly suggest that your third party send the payment via wire which should be applied to your account within 1 business day after receipt. If a check is mailed it can take up to 10 days to receive and be applied to your account.

If you do not need a payoff letter and would like to pay off your account yourself, please see our article on How do I pay off draws early?. Additionally, please take a look at our article on How do I request documents from Bluevine? to find the appropriate document for your needs.

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.

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