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.
MoneyLion Features
MoneyLion cash advance app is an online bank that gives 0% APR cash advances to its customers through its easy to use mobile app. If you get a direct deposit of at least $250 into your mobile MoneyLion checking account, you might qualify for an Instacash advance loan. This is an absolutely fee-free, interest-free credit you can use when you are a little bit short on funds between your paychecks. Depending on how considerable your direct deposit is made, you may qualify as a customer for up to $250.
You will use your MoneyLion mobile app to commence the borrowing process. Just visit the Finances segment and click on the Instacash button. You can choose how much you desire to borrow, and it will be spontaneously deposited into your active account — even if it’s at that moment outside of the business hours.
The total amount you borrow is payable on your next payday, and you can also use it each pay period provided your MoneyLion account is in good standing, a positive score.
- Maximum withdrawal limit: $250
- Cost and other charges: Free with a MoneyLion checking account
- Turnaround: Immediately deposited into your checking 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.
Even app Features
Even Instapay for a cash advance is a feature that is available to customers of the Even app. If you operate for an eligible employer, then you may qualify for an advance salary of up to 50% of your due paycheck based on the total hours that you’ve already worked there. The exact amount of money you can borrow varies, but you’ will be able to see how much in total that you have access to anytime on the Even app.
- Maximum withdrawal limit: 50% of the net pay you’ve already earned
- Cost: It is Free, but needs Even Plus membership of $8 per month
- Turnaround: One Working day for bank account transfers, instant payment pickup at any US Walmart
Unlike some other known pay advance apps out there that need you to tip or pay interest on what you can borrow, Even app offers interest-free cash advances. The only charge you’ll be required to pay is the $8 monthly Even Plus membership charge that gives you an easy access to Instapay. Nonetheless, depending on your employer, you may also receive a discount on the cost of that pro membership.
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.
Branch
Unlike Dave cash advance app, Branch app is more than just a pay advance mobile app. It also has several features to help you easily manage your work life, including the key ability to switch between shifts, chat with your coworkers, and track how much you have earned on the select duration. On top of that feature, you can get loans of up to $150 a day or even $500 per pay period with Branch — based on the total hours that you have already worked. There are no any membership payments, and you may be able to receive your advance payment as soon as the same day.
Nonetheless, you may be put on a Branch waitlist when you first register/sign up if your work employer doesn’t already have an account with the Branch company.
Branch review and features
Branch Pay advance app is a feature of the Branch app company that allows customers to take out an advance on your current paycheck before the real payday — without paying any interest or any fees. How much you qualify for Branch loan depends on how many hours in total you’ve already worked with your employer. You can either pay to get your cash right away or just wait for three days for a free loan advance.
- Maximum withdrawal limit: $150 per day and $500 per pay period
- Instant charge: $3.99
- Three-day option: Free of charge
To sign up for Branch services, you simply have to download the Branch app to your device and connect your active bank account and your work schedule. Nonetheless, you may be put on a Branch waitlist if your employer doesn’t previously have an account set up with the Branch app. The more co-workers that are signed up and waiting, the faster your loan request will be processed.
How to use branch app
To get started using the popular Branch Pay, simply download the Branch app from your App Store or the Google Play. If you previously have an account, just select login. Otherwise, new users can sign up with a new branch account or use a company account. Follow these simple steps to get started:
- Download the Branch app
- Find your current workplace by entering your employer’s name and your current city.
- Select Find My Workplace tab.
- Enter your first name, last name, and your email address to create your Branchprofile. You can also add a profile picture.
- Enter your working phone number to obtain a PIN to register your phone with your account.
Next, you can upload a schedule, input your hourly wage, and fill out your profile correctly. And depending on your business model and state of residence, you may have to enter the Branch Pay waitlist. While this implies that you won’t be able to get an instant advance right away, you will still have an access to Branch’s several scheduling and messenger characteristics.
If you don’t have to join the Branch waitlist, you can get started there by simply supplying your debit card particulars, bank account data, current work program, and location to verify your employment. From there, you can begin requesting advances based on the hours which you’ve already worked.
Pros of Branch
- Cash advance loans of up to $500 per pay period
- Same-day turnaround
- No interest rate, membership fees or obligation to tip
- Chat with your coworkers and easily switch shifts
Cons of Branch
- May be put on a waitlist initially
- Advance limited to hours you have already worked
- Must work in regular hours
