Faster Deposit Processing with Payment Reference

 

 

We’re pleased to introduce an improvement to the deposit process that can significantly reduce processing times. Starting today, investors can help us identify incoming transfers faster by including the following payment reference when making a bank transfer:

Purpose of payment: Deposit to LoanchID XXXXXX

By adding this reference, deposits can be processed within 24 hours, and in many cases even sooner.

 

Processing Time Comparison

Previously: up to 3 business days

Now (with payment reference): up to 24 hours

 

Please note that if no payment reference is provided, deposit processing times remain unchanged and may still take up to 3 business days.

This simple step helps us match incoming payments more efficiently and ensure funds are credited to your account faster.