Wayne Bank Mobile AppWayne BankFREE In Google Play. View. Is it better to accumulate debt over the month and pay it at its due date?Or just frequently be paying them back and basically using it like a debit card? A payoff letter provides instructions on how to pay off a loan with a lump sum before the loan term ends. Learn how payoff letters work. Mobile Banking Card Manager lets you manage your debit card anytime, anywhere. No longer will you need to call in to deactivate your card. A 10day payoff refers to the time it takes for your new lender to pay off your old loans during a refinance. A lender's payoff statement or letter will show the amount you need to pay to completely close out the loan. Depending on your lender, you may have to sign in to an online account, call a helpline, or send a formal letter to start the request process.