Frequently Asked Questions – FAQs

 

Why Reeelit?

We are rethinking the way people shop, by giving shoppers the financial empowerment they need to use their own cash flow to buy smartly. No debt. No guilt.

What’s makes Reeelit unique?

Reeelit is all about getting you to your end goal smartly and with ease. We believe that anything you want—no matter the price—is hidden in your finances. By combining automated savings and price alerts under one experience, we’re allowing users to make their money work for them.

How does Reeelit work?

  1. Shopper chooses Reeelit as a payment method for what they want (they can do so by either coming to our website and adding the link to any product they want that sells online, Or by choosing Reeelit as the payment option at the retailers we are integrating with)
  2. Shopper picks daily contribution and links their bank account to start saving in installments for the item.
  3. While shopper sets money aside, we also notify of any deals on that item. When shopper achieves the goal, we pleace the order for them. Learn more

Can friends contribute towards my item?

Heck yeah! Once you add an item and start saving for it you have the option of sharing it with as many people you want ; )

What about one-time contributions?

Once your Reeelit is active your can Boost it as many times as you want.

Are there any fees?

Nope. Reeelit is free for users. We make money from our partnerships with retailers.

How does the money get transferred?

Through ACH transactions, which is a standard process many financial institutions, apps and platforms use. Keep in mind that when a debit is requested, it will take approximately 3-5 business days for the money to clear from your bank account and be credited to your Reeelit fund.

How can I avoid overdrafts?

Glad you asked! When selecting the account you want to automatically debit from, it’s very important that, well, it has enough funds. So make sure you connect an account that has a constant stream of cash coming in. Reeelit only knows from which account to make daily debits from, not how much is available on it.

How secure is Reeelit?

We make the security of your funds and information our top priority. Your money lives in an FDIC insured account (up to $250,000). We also use certified SSL communications to encrypt and safely store your info.

How do I access my Reeelit funds?

Once logged into your Reeelit account, you would be able to manage and edit your contributions and banking information. Reeelit works with Stripe, which means you can request your funds to be returned to your account at any point. After all, it’s your money.

Once an item is funded, how do I get it?

Reeelit will notify you when your item is fully funded. You’ll only need to cover tax + shipping if you haven’t already added it to your total saving amount.

More questions?

Feel free to drop us a line. You can Contact Us anytime.

 

Join Reeelit today and start treating yourself to the fashion you love.

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