What Is a Primary Account?
A primary account is the main checking account you use for day-to-day transactions and regular paycheck deposits. To get a Possible Loan, you must link an active primary account via Plaid so that your loan eligibility can be evaluated, borrowing limits can be determined and money can be deposited. You can also use this account to schedule payments, though alternative account and online banking cards, like Chime, can be added separately as payment methods.
Transcript
Wondering what a ‘primary account’ actually is? Let’s break it down—because picking the right one can make a difference. In general, your primary account is the main checking account you use day-to-day—the one where your income lands and bills go out. At Possible, we use your primary account to check your eligibility for a loan and figure out how much you might qualify for. Your primary account is also where we send loan funds and set up payments—unless you ask us to change that. For your Primary Account, choose the account that shows the real you—the one you use every day for paychecks, spending and transactions to give us a good picture of your finances. Now, when it comes to connecting your Primary Account: Only accounts connected through Plaid in the app can be set as primary. You can still add more accounts and debit cards manually, by typing in the numbers—but those can just be used as payment methods. For example, online banks like Chime can’t be used as your Primary account, but you can totally use Chime as a payment method. Here’s an example: let’s look at Jane’s account. Jane has: One, a bank account where she saves a few dollars every month for emergencies Two, a checking account where she sends her paycheck and the money she gets from babysitting, and Three, she also has another debit card through an online service that she uses to send her friends money when they go out to eat together For her primary account, Jane should choose the checking account where most of her income is sent. Linking this account as her primary enables Jane to receive the best loan Possible. So, don’t use a savings account or barely-used account for your primary. That can hurt your chances of getting approved for a loan. Within your Primary Account, if you have a a positive balance, regular income, and you’re keeping overdrafts to a minimum? That can set you up for success. If you need to switch your primary account, just head to the Account Management screen in the app. Tap the pencil icon, and select ‘Set as Primary.’ Easy. Even if you don’t have a Possible Loan right now, keep your primary account connected Because we can monitor the conditions of your Primary Account and alert you when it’s the best time to apply. To recap: the Primary Account you have on file affects the whole Possible experience: including your application and payments. I’m Uzunma with Possible. That’s it for this video. Be sure to check out the Help Center for more details on Possible Loan accounts.
More in this series
How quickly can I get a Possible Loan?
1:19
Does Possible offer financial relief?
1:52
What if I need to pay late?
2:05
How do I contact Possible Finance?
1:03
How can I delete my account?
1:36
What banks does Possible accept?
1:25
Does Possible run a credit check?
1:31
How long do payments take to process?
1:32
How is Possible different from a payday lender?
1:25
Possible is a PBC. What does that mean?
1:27
How to Reapply for a Possible Loan
2:12
What to Do If You’re Denied for a Possible Loan
2:06
How to Apply for a Possible Loan
2:54
How Installment Payments Work with a Possible Loan
1:09
How to Reschedule Your Possible Loan Payments
1:26
How Loan Amounts Work with a Possible Loan
1:35
Do Possible Loans Build Credit History?
2:23
When’s the Best Time to Apply for a Possible Loan?
2:19
How can I increase my Possible Loan amount?
3:22
How Fast Will I Get My Possible Loan?
1:24
How to Make a Payment in the Possible App
1:05
Can I Pay Off My Possible Loan Early?
1:06
How to Link a Bank Account or Payment Method
2:13
Why Is My Possible Loan Offer Lower Than Before?
1:19
All products are subject to eligibility and approval by Possible Financial Inc. dba “Possible Finance” and “Possible” or its banking partner Coastal Community Bank. Eligibility for a product is not guaranteed.
For Loans, Possible Finance has direct lending licenses in AK, HI, and WA. Washington License #530-CC/SL-111888.
California Residents: Possible Finance is licensed by the Department of Financial Protection and Innovation, pursuant to the California Deferred Deposit Transaction Law, License #10DBO-105848.
Loans in AL, AR, AZ, CA, DE, FL, IA, ID, IN, KS, KY, LA, MI, MO, MS, MT, NC, NE, NH, NV, OH, OK, OR, RI, SC, TN, TX, UT, VA, VT, and WY are made by Coastal Community Bank, and serviced by Possible Finance.
*Funding typically occurs within seconds; ACH transfers take 1-2 business days. Instant Delivery fee may apply in select states.
^Loan amounts & structure vary by state. Max amount not typical.
°Savings since 2017 includes fees Possible doesn't charge (e.g., NSF, rollover) plus reduced costs from customers borrowing less frequently than typical payday loan users, assuming customers would otherwise have faced industry-average fees and borrowing rates. Sources: internal data; state regulatory data; CFPB (Pub. No. 2023-9); Pew ("Payday Lending in America," 2013); CRL ("Down the Drain," 2025). Individual results may vary.
¨See possiblefinance.com/samplepaymentschedules for rates & terms examples.
ˇReal customer compensated or incentivized. Results vary.
˘Possible Loans offer up to 29 days of payment flexibility from original due date.
All trademarks and brand names are property of their respective owners. Use of them does not imply any affiliation with or endorsement by them.
If you have questions or concerns, please contact the Support Team at support.possiblefinance.com
Mailing Address: Possible Finance, PO Box 98686, Las Vegas, NV 89193
Possible Financial Inc. © 2026 - NMLS #1697898