Lenders on the Lendsqr platform have the ability to disburse funds through their dedicated disbursement account. The account is associated with a virtual wallet that facilitates the transfer of funds to external bank accounts.
Follow these steps to access and fund your Lendsqr disbursement account:
- Log in to your Lendsqr Admin Console.
- Navigate to Transaction Management → Disbursement Transactions.
- Locate your disbursement account details displayed at the top of the page.
- Copy the account number by clicking the copy icon or manually selecting and copying it.
- Open your preferred online banking app or internet banking platform and transfer funds to the copied account number.
Once the transfer is completed, the wallet is updated in real time, and funds become available for disbursement.
Also read: Introducing third-party disbursement: A game-changing feature for lenders – Lendsqr