Hank looks at all monthly payments in relation to when consumers get paid and determines how much Hank's sponsor bank should debit on a weekly, biweekly, monthly or semi-monthly basis.
Hank's proprietary technology instructs Hank's sponsor bank to automatically release cash to the bank, lenders, credit cards companies and/or others payees on your behalf. In other words, no more check writing or need to figure out your cash flow. Hank handles it all.
Hank's sponsor bank takes the debited funds and stores them in your Hank Bank prepaid account until various monthly payments are due.