Once your application has been approved before the funds are available to use, the merchant account settlements must first be deposited into a segregated YouLend bank account.

Please note: if for example your settlement terms with the acquirer are T+3, it will take approximately three working days from the point at which the bank details are updated to those provided by YouLend for the first settlements to be received. 
The funds will not be available for use until the first card payment settlements have been received by YouLend.

YouLend will also ask you to nominate a bank account of your choice. 
Once YouLend has collected the amount owed, the remaining settlement funds will be transferred to your nominated bank account.