Your payment method is the bank account where your approved credit funds will be deposited and from which repayments may be processed. At Fido, all credit disbursements and repayments are handled through bank accounts.
How are credit funds paid out?
Once your credit application is approved and all required authorizations have been completed, your funds will be sent directly to your bank account.
Credit disbursements are processed instantly through the bank and are typically received within a short period of time.
What Bank Account Can I Use?
To receive funds from Fido, your bank account must:
- Be an active South African bank account
- Be registered in your own name
- Match the details provided during your application
Using a bank account that belongs to someone else may delay or prevent the disbursement of your credit.