List of cash advance apps like dave and earnin

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cash advance apps like dave

A cash advance can come in handy when you really need emergency funding. We can’t really tell how fast things can be but it usually happens. While Dave is one of the best cash advance apps out there, it may not be of your interest in one way or another, that’s why we wrote this cash advance apps like dave article to help you out.

Dave is a pay-advance mobile app that gives no-interest loans designed to help you avoid overdraft expenses. It could be a better alternative if you’re struggling to stick to a budget: Dave app notifies you when you are just about to run out of funds, anticipating regular expenses like rent and utilities. Mark Cuban is an investor, and it makes the same high rating as Earnin on the App Store: i.e. 4.7 out of 5 stars.

After you download the loan app, Dave asks to connect with your bank account. Typically, you will need at least two direct deposits in your account to be qualified, though it doesn’t check your credit.

Dave app awards up to a $75 advance if your paycheck is due in the next 10 days. There is no interest, though Dave imposes a $1 monthly membership fee. Dave additionally asks for tips, part of which go to the charity Trees for the Future. It can take up to three working days to get your funds for free or for $4.99 to get money within eight hours.

Dave App Alternatives

MoneyLion

This is an all-around personal finance app that similarly happens also to offer small-dollar loans. It extends far beyond Dave, offering a no-fee checking account, 0% APR cash advances, loan monitoring, even credit-builder advances of up to $500 starting at just 5.99% APR. Plus, you can earn cashback bonuses and gift cards for staying on top of your economics. Its consumers rate it a high 4.6 out of 5 stars on the App Store.

MoneyLion could be a great option if you regularly rely on short-term credits or want to increase your credit. You don’t have to spend anything to get a pay advance of up to $250, which is directly deposited into your MoneyLion checking account. But to reach its credit-builder loans, cashback bonuses and weekly credit score updates, you need to be a Plus member. This happens with a $29 monthly fee and a $50 deposit into an investment account.

Pros of Money Lion

  • Multiple financing options.
  • Keep track of your financial health.
  • 0% APR cash advance.

Cons of Money Lion

  • It needs MoneyLion checking account for instant advance.
  • Membership fee for other perks.

Even — Automatic Money Manager

The Even — Automatic Money Manager is a mobile budgeting app that also offers a free credit on wages you’ve already made through its Instapay feature. On top of this, Even app helps you stick to a designated budget by alerting you about any upcoming bills and how much you require for them. You can also set aside savings through the mobile app by rounding up your shopping to the nearest dollar. It earns a somewhat higher rating than Dave ratings: 4.9 out of 5 stars on the App Store.

Even imposes a monthly $2.99 fee to enter its basic budgeting and saving tools. In order to become a Plus member and to access Instapay, you must work for an employer that gives it as a benefit. You can get up to a 50% pay advance on your next paycheck, depending on how much you have already made that month. Either pick up your money right away at any Walmart or just wait until the next business day for a direct bank transfer. The cost of Plus membership differs depending on how much your employer covers.

Pros of Automatic Money Manager

  • Instant funding available through Walmart.
  • Helps you stay on top of bills.

Cons of Automatic Money Manager

  • Available through select employers.
  • Plus membership required.
  • Only access wages you have already earned.

Brigit

A cash advance apps like dave, Brigit app is designed to help you avoid overdraft charges on your checking account. It is a no-frills app that does one thing only: It Gives you access to a pay advance when you are in danger of overdrawing your account. It secures a solid 4.6 out of 5 stars in the App Store.

Take advantage of Brigit by downloading and installing the app and signing up for the $9.99 monthly recurrent subscription. Brigit monitors your bank account and awards up to $250 per pay cycle with no interest or any fees when it looks like you are about to overdraw on your balance. You can similarly request an advance if you have an unforeseen expense pop up.

Approval only takes minutes, and you can receive your money as soon as the same day. Brigit automatically withdraws the quantity you borrowed on your next payday.

Pros of Brigit

  • Helps avoid overdrafts.
  • No-interest cash advance.

Cons of Brigit

  • $9.99 monthly subscription fee.
  • No additional financial tools.

Speedy Cash

Speedy Cash formally developed its app to assist borrowers to manage short-term loans. But you can further apply for a loan through the app. In addition to giving an advance on your next paycheck, Speedy Cash trades with auto title loans, installment loans and lines of credit. To apply for the advance, download the Speedy cash app, sign up for an account and click Apply.

Some consumers say that the Speedy Cash app is faster than applying online or in a store. But like a normal Speedy Cash loan, you will typically get your funds the next day.

It’s only accessible to residents of 27 states across the US, though. Also, how much money you can borrow, fees and terms vary extensively depending on where you live. To qualify for an advance, you must be at least 18 years old, an American citizen or permanent resident and have a regular income and checking account. It doesn’t prosper as well on the App Store as dave, with customers rating it a 3.2 out of 5 stars.

Pros

  • Various types of financing.
  • manage loans you already have.

Cons

  • More expensive than Earnin.
  • Lower customer ratings.
  • Not available in all states.

PayActiv

Calling themselves a holistic financial wellness platform, PayActiv gives instant access to up to 50% of your earned payments with no interest to cover an emergency loan. You can also use this loan app to pay your bills, send money between different bank accounts, set up your savings goals and even score cuts on some prescription drugs. Rather than a monthly based membership fee, it charges a one-time fee of $0 to $5 every time you use its pay-advance service.

PayActiv currently partners with businesses in:

  • Health care
  • Human resources
  • Education
  • Senior care
  • Retail

DailyPay

Employers can extend DailyPay as an HR tech benefit to provide employees access to their pay as it’s collected or earned. Each hour that you work is added to your advance credit amount, which you can draw from for a little fee, that is $2.99 for instant funding or $1.25 for the next-day funding. When payday rolls about, DailyPay automatically subtracts your advance from your bank account.

It presently partners with companies in the following enterprises:

  • Quick service restaurant
  • Transportation
  • Hospitality
  • Housekeeping
  • Health care
  • Restaurant
  • Hotel
  • Retail
  • Telemarketing
  • Finance
  • Amusement park

FlexWage

The FlexWage advance app gives you access to your gained wages by directly getting them from your employer’s bank account for a $5 transfer charge. That way, you won’t have to make any repayments and there is no interest charge. On top of this, FlexWage additionally issues a payroll card connected to a checking account that your employer can use to deposit your paycheck for quicker access to your wages instantly.

Unlike many other cash advance apps like dave, FlexWage is tight-lipped about the businesses it partners and works with. Employers can find out if it is a good fit for their business by stretching out to its sales team through an online form.

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