When the unexpected happens, you need cash fast and now with Possible, you can get it even faster. You shouldn't have to wait when financial hardship hits, so we've been working hard behind the scenes to improve our technology.
A partnership 🤝 built for speed
By partnering with Plaid, your information stays secure and time is shaved off how long it takes from approval to money in your account. Plaid makes funding frictionless and speedy by using Real Time Payments, an always-on transaction that is almost instantaneous.
What that means for you
It’s so fast, in fact, that 94.5% of Possible members see cash in their account in under 60 seconds.* Now when groceries, medical bills, rent or any urgent need pops up, you can skip the stress of the waiting game. And that’s the kind of support our members need and deserve.
“A big part of financial hardship is the what if. What if I can’t find the money to cover this essential bill? What if the bills stack up and I can never get back on track? At Possible, we’re dedicated to eliminating that added stress of what-ifs and that means getting money into accounts in seconds. Not minutes—seconds. If we can alleviate even a second of stress, then we are freeing our members to focus on what’s next, not what if.”
Scully Wan, Director of Product & Lifecycle Marketing at Possible
“When we started lending in 2018, we only deposited money via ACH, which meant members got their money on the bank’s timeline. It was a good first step, but it wasn’t a big enough one. We knew the key to serving our community better was instant cash and today, we’ve made that a reality.”
Harsha Srinivas, Chief Financial Officer at Possible
How your money deposits matter
Compared to Instant Delivery, Direct Deposits via ACH take longer. That’s because it’s dependent on the banks, so deposits lag on weekends. But we’re dedicated to figuring out how to keep money moving and we’re constantly investing in new solutions, so you’re not on the bank’s timeline. Fast deposits like Instant Delivery don’t take weekends off.
“Possible was created to serve those whom traditional financial systems would not. And we’re never going to stop designing tools and products that open doors. Where traditional financial systems take time, we don’t—speed, immediacy and ease are core needs of our members. We won’t stop building until we’ve met all of those needs.”
Jonny Palmer, Director of Product Management at Possible
Why fast payments matter to us
Our mission is to create fair and affordable financial services for those who need them most. And as a Public Benefit Corporation, we not only have to be profitable but we have to make a positive social impact. When Possible creates paths forward for our members that weren’t there before, we all win. When our product is faster and eliminates even one barrier to entry, we both succeed. 🟦
