Frequently Asked Questions about Cash Advances

Q: What do I need to bring with me in order to get an Amscot Cash Advance?
A: Proof of income (pay stub or bank statement), checking account (checkbook), and a valid government issued photo ID (i.e., driver's license, military ID, passport).

Q: How much can I receive with a cash advance? 
A: You are eligible to receive up to $500.00 in increments of $50.00.

Q: How do you decide what amount I will receive? 
A: We determine the amount to offer based on your income, frequency of pay and other information provided by you. No credit check is performed. View our Privacy Policy.

Q: How much does it cost? 
A: Amscot’s fees are among the lowest in the cash advance industry. We charge a service fee of 10% of the amount advanced, plus a $3.00 verification fee. For example, to receive a $100.00 cash advance, you will write a check for $113.00 for Amscot to hold until your next payday, up to 31 days.

Q: How long do I have before I am required to pay back my cash advance? 
A: We hold your check until your next scheduled payday.

Q: If I currently have a cash advance through another provider, can I get another cash advance here?
A: Under Florida law you can only have one outstanding cash advance at a time. In order to get a new cash advance with us or another provider in Florida, you must first pay off or terminate your outstanding cash advance at the provider where you obtained it. There is a required 24 hour waiting period after you pay off or terminate a cash advance before you are able to obtain a new cash advance.

Q: What if I change my mind after taking out a cash advance?
A: Amscot follows INFiN Best Practices and state laws regarding rescission. You can rescind your cash advance at no cost before the end of the following business day by simply returning the full amount of the advance.

Q: What should I do if I am unable to pay my cash advance on time?
A: If you are unable to repay your cash advance on time you could be eligible for alternative payment arrangements such as the Grace Period, or if you meet certain requirements, the Extended Payment Plan. Please come into a branch and ask an Amscot associate for more details.