Glossary
Weekly remittance
A fixed weekly payment on an advance or short-term loan.
A fixed weekly payment collected by ACH. The total cost equals a daily schedule with the same term; the difference is operational: one debit to plan around per week rather than five, and less exposure to single slow days. Aligning the debit day with your strongest deposits reduces returned-payment risk.
How it appears in a contract
"Weekly payment of $X for N weeks", with the ACH authorization.
Worked example
26 weekly payments of $962 on the example advance.
Illustrative figures on stated assumptions; not quotes.
What to ask
- Can I choose the debit day?
- What is the fee for a returned weekly debit?
- Does the contract allow moving from daily to weekly?
Related terms
ACH remittance · Holdback · Total payback · all terms
Educational definitions, not legal advice. Contract terms and their legal treatment vary by provider and state; read your agreement and ask a professional.
See which options fit your numbers
Inquiries are not open yet. You can preview the three-minute questionnaire now, and use the calculator and comparisons freely.