| Key Features
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- Overnight funding using your IDEAL Way line of credit
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| Common Uses
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- Manage daily funding needs.
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| Availability |
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| Mechanism |
- Use your IDEAL Way overdraft line of credit for
same-day funding.
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| Rate Set |
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| Disbursement |
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| Repayment |
- All IDEAL Way advances will have a term of one business day and will be automatically charged back to your account on the business day following issuance.
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| Payment of
Interest |
- Interest due monthly on the second business day
of the month.
- Interest is calculated on an actual/360-day basis.
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| Risks |
- Please see the IDEAL
Cash Manager
Primer for a discussion
of the risks and other considerations associated
with the IDEAL Cash Manager advance.
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| More Information |
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