The requirements for online cash advances vary from agency to agency. Most require a minimum monthly income. All agencies require that the applicant should have a minimum age of 18.

The loan services give the minimum pay that an applicant should have on their sites. Soniccash.com requires that its applicants should be currently employed or have a verifiable source of income. The minimum salary requirements are at least $1,200 per month this amount should be the take-home pay. Their paycheck should also be directly deposited into an account. The checking account should be at least three months old and there should be no outstanding non-sufficient funds checks. Once the applicant has met these requirements, he or she can go on and fill in the online application forms.

These forms include the online customer application asking for details of the applicants employment, residence, social security number, etc. A request for the loan should also be submitted. Once the applicant has read and signed the loan agreement, the application is submitted.

Approval is usually obtained within a few hours and the applicant can log back on to the site and request the amount needed. After approving the amount, and with the consent of the applicant who will be kept informed through email, the amount applied for is deposited into the applicants checking account. On the due date, the agency will debit the amount of the loan and the financial charges from the applicants checking account.

The fee for loans varies between the agencies as well. Sonic Cash charges a fee of $20 per $100 borrowed. It is important to remember that only one cash advance at a time is allowed. It is important to remember that these are short-term loans, and will not help solve a long-term financial crisis.