Can I Reimburse a Large Purchase in Installments?

Modified on Tue, Jun 9 at 4:12 PM

If you have a large expense, you may be able to spread your reimbursement across multiple payments rather than submitting it all at once. Whether this option is available to you depends on how your company has configured your account.

Am I Eligible?

Installment plans are available for monthly and quarterly stipend programs only. If you receive funding on one of these schedules, the option to use an installment plan will automatically appear when you submit your request — no need to look for it.

If eligible, you'll be presented with a proposed reimbursement schedule and can choose to:

Opt into the installment plan, or
Be reimbursed up to your current available balance instead.

A few things to keep in mind:

Installment plans are not available for all wallets or companies.
Annual funding wallets are not eligible, as only purchases made within the current year can be reimbursed.
If your funds expire at year-end, any remaining installments will be canceled after your December reimbursement.
Your reimbursement schedule may be adjusted if you use your funds on other purchases during the installment period.

How to Submit

1. Log in to your Thrive Account and click the 'Thrive Account' tile.

2. Click the 'Reimbursements' tab, and then select 'Request Reimbursement'.

2. Select the wallet you'd like to use. (Skip this step if you only have one wallet.)

4. Search for your expense in the 'Search Eligible Expenses' bar to find its eligible category, or browse by category.

5. Select the appropriate category and click 'Request Reimbursement'.

6. Enter your reimbursement information and select 'Next'.

7. Under "How often do you pay for this purchase?" select "It was a one-time purchase" and hit 'Next'.

8. Select "Use automatic reimbursements until the balance is paid off" and hit 'Next'.

9. Upload your proof of purchase and select 'Next'. (Make sure your receipt includes: purchase date, purchase price, vendor name, and item/service purchased.)

10. Select your reimbursement method and hit 'Next'. (Available options may vary depending on your company's program setup.)

11. Review your details and select 'Submit Request'.

Once submitted, our team will review your request within two business days. We'll reach out if we have any questions.