On Nov 18th, 2021, Hatch will rename to Nearside! Our mission remains: to provide access to transparent and fair financial products. Our new name reflects our commitment to always be on your side. Learn more.

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In This Post:

🐣What is Autopay?

🐣How Can I Set it Up On My Nearside Card?

What is Autopay?

Autopay stands for “Automatic Payment.” Putting your Nearside Card on autopay allows your card to be automatically paid on your statement due date, from a bank account you have linked. This means one less thing to worry about, no more accidental interest charges if you forget a payment, and more time to focus on growing your business. Hooray!

How Can I Set It Up?

You can set up your card for autopay in your Nearside Dashboard.

Simply click on “Payments,” then “Manage Bank Accounts.” Then, click on any linked account, and, next to “Autopay Settings,” click “First-Time Setup.”‍

You can set the automatic payment to one of three options:

1. “Statement Balance:” This will pay off the total amount due on your statement. If you set this amount to be paid, this means there will be no interest charged on the purchases posted in that statement period.
   

2. ”Minimum Payment:” The minimum amount due on your billing statement. Heads up! For the remaining balance, you will still be charged your regular interest rate.
   

3. “Total Account Balance:” This pays off the entire amount on your card, including purchases that are posted after your statement due date, bringing your total outstanding balance to $0, and put your available credit back to its maximum every month.
   

A few other things to note about autopay:

Your payment will be automatically pulled from your linked bank account on your statement due date. To double check your statement due date, simply check your Home page on your dashboard. Your statement due date will be listed under “Next Payment Due Date.” 

We will send a friendly reminder email seven days, and again three days before autopay withdraws from your linked bank account. If for any reason you need to cancel or edit your autopay settings, you can do so anytime by visiting Manage Bank Accounts in your Nearside Dashboard, select the bank account where you want to make changes.

If you need any more help setting up autopay, our friendly customer support team can give you a hand at 888-516-2369.

We know you have a lot to manage as a small business owner, and the last thing you need is more interest, or another bill to remember to pay. We hope this auto-pay feature saves you time and stress.

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‍At Nearside, we offer small business owners something that no other lending company does: a fresh start and the benefit of the doubt. We extend a line of credit (up to $5,000) to business owners who are just starting out, without requiring a previous business history or a great credit score. Click here to learn more about applying for your Nearside Card today!