What type of debit cards are accepted?
Below, is a list of requirements for debit cards on the platform:
Must be a debit card issued to you by your bank. Credit cards and prepaid debit cards are not accepted. Even if your credit card can be used as a debit card.
Debit cards must have both debit and credit permissions. You can verify with your bank on your card's permissions.
Our system does not support Chime or Simple at this time.
If you encounter any problems adding the debit card, please submit a support ticket and someone from our team will get back to you shortly.
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How Do I Add My Debit Card?
You have the option to add a new debit card on the app any time EXCEPT if your loan is in the Pending Funding or in the Pending Payback status. To update your debit card, please follow the steps below: Go to your Profile Select the Settings at ...
Is SoLo PCI Compliant?
PCI is a security standard designed for credit and debit cards. For any product that is not related to credit and debit cards, we still adhere to the same standard of security. Our hosting provider is a Level 1 Service Provider under PCI DSS.
Funding Time Frames
Funding timeframes can vary and are dependent on the method a borrower and lender use to send/receive funds through their SoLo account. Below are the estimated delivery timeframes based on the debit card funding method. Debit Card Funding Schedule ...
Why do I need to connect my bank?
To lend or borrow using SoLo we require your bank as well as debit card information. We use the bank account information for balance checks, account history, and age. We may use this information to contribute to our SoLo Scoring. The debit card is ...
Add or Change Bank Information
You can only add your banking credentials upon sign up. Once your bank has been added it can not be changed. Please keep in mind that you always have the option to change your debit card on the app. At this time, we do not accept Chime or Simple. ...