- Various types of financing.
- manage loans you already have.
- More expensive than Earnin.
- Lower customer ratings.
- Not available in all states.
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
- Senior care
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
- Health care
- Amusement park
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.
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