Deposit refund

[Deposit1]

Hiya! I recently got a device but was asked for a deposit after the credit check. For me, it was fait enough so I made the deposit and was informed that after 3 months of paying on time I can have the deposit back. My question is, since I already settled the first month’s bill, can pay in advance equivalent of 2months so I can already get my deposit back?

[MI5 · Accepted solution]

@Deposit1 

Unfortunately not.

The idea is to prove you can make regular payments on time, not to pay it in a lmp sum.

[Deposit1]

I see. Do they usually refund on time? The amount they asked for deposit is pretty significant and I just don’t want any delays on returning them to me.

[MI5]

@Deposit1 

Chase it up with customer service after you have paid your 3rd bill and they will refund it to your 4th bill. 

[Deposit1]

They will refund directly to my bank account right?

[MI5]

@Deposit1 

Usually to you account, then you can withdrawal it to your bank account.