Many people use Dave for payday loans and budgeting assistance, but it is not the only option. Many more apps offer the same functionality, albeit with somewhat different features, terms of service, and agreement terms. This article will inform you about some of the best apps like dave cash advance application. Most apps like dave offer small payday loans, but some also offer personal loans if you need more money.
Best Apps like Dave for Advance Cash
Please visit either the Apple App Store or Google Play Store to download these apps. Consider all of your alternatives and thoroughly assess the features of each of the cash advance apps on this list before using any of them. Take a look at the most popular cash advance apps like dave to see whether they can help you in an emergency.
How Do Payday Loan Apps Work?
Cash Advance Apps, often known as Payday (or Paycheck), Advance Apps, allow users to get paid for activities they’ve previously done. They typically allow you to borrow $100-$200 from your next paycheck to cover unanticipated emergencies. You can, for example, borrow $100 via the app right before payday. The app will take the money right out of your bank account in just a few days.
Payday advances are not loans in the classic sense, even though certain applications offer personal loans. Since your firm has not yet sent the payments to your bank account, you are using your cash. The applications do not charge interest because you are using your own money. A monthly membership fee ranging from $1 to $10 is generally required to access the vast majority of them.
At Dave, we charge a monthly fee of $1 for minor cash advances up to $100 every pay period. Other features include overdraft alert, budgeting tools, and various other options. Dave is generally viewed as the market leader because of its reasonable prices and dedicated (and growing) customer base. However, it is not the only cash advance company in the market. As a result, the following are the best apps like dave available right now for borrowing money:
Best Cash Advance Apps Like Dave
Please note that the apps listed below are largely focused on users in the United States. Even though some, like Branch, operate in various markets, their offerings and costs can be vastly different. Before enrolling, do some research. Learn how to use Google Pay to send money from the US to India if you live in India and would like to receive money from family in the US.
One of the best and most popular payday loan applications is Brigit, which lends up to $250. It does not charge interest on the loan itself but a hefty monthly membership cost of $9.99. It’s a lot more expensive than Dave’s modest $1, but you get free account monitoring. Included in this are budgeting tools for tracking your income and expenses.
Bank of America, Wells Fargo, TD Bank, and Chase are some of the financial institutions Brigit works with. It prevents overdraft fees by automatically transferring money into your account when your balance is low or about to drop below zero.
In addition, customers can extend their payment terms or opt for early repayment. 256-bit encryption is claimed by the software, which also promises to never share or sell your personal information with a third party.
- You can get up to $250 in advance on your paycheck.
- There is no charge for account monitoring.
- Having the ability to use financial management software.
- It helps to avoid overdraft charges.
- The monthly membership cost is astronomical.
Dave is a good option for individuals who don’t want to pay a monthly membership fee, but Earnin, formerly known as ActivHours, is a wonderful substitute. Instead, you’ll be asked to leave a tip based on how much you value the service. Payroll advances of up to $100 per day are possible with this program, with a total amount of $500 every period.
Other handy features include Balance Shield Alerts, which notify you if your bank account balance exceeds a predetermined threshold. There’s also a Cash-Out tool that can automatically deposit up to $100 into your bank account, saving you from incurring overdraft fees.
Additionally, Earnin has its share of drawbacks. To be eligible for a payday loan, you must have a regular pay cycle (weekly, bi-weekly, semi-monthly, or monthly). Your employer must either have a physical work location or have time-tracking software to benefit from the service. In addition, you must have at least half of your salary deposited into your checking account via direct deposit.
- Advances of up to $100 daily.
- Instead of charging fees, advocates for generous gratuities.
- Notifications about the balance of your account.
- Users must maintain consistent pay.
- Employers must be located somewhere.
Using MoneyLion, you may effortlessly borrow money, save money, invest money, and earn money. Like Dave’s, its ‘Instacash’ feature allows for speedy cash advances and early access to pay. It allows you to borrow up to $250 off your next salary interest-free and without a credit inquiry. Regardless of the day, the company claims that they will deliver the funds to your account immediately. In addition, the RoarMoney function allows you to get paid two days early.
Because there is no minimum balance requirement, MoneyLion is a great option. Normal transfers, international transactions, mobile check deposits, and card replacements made through the app are all free.
In addition, the app helps you manage your investments by allowing you to transfer money from your savings account to exchange-traded funds that are tailored to your specific goals and risk tolerances. The ‘Credit Builder Plus’ membership, which allows access to loans of up to $1,000, costs $19.99 a month for the basic subscription.
- An all-in-one banking software.
- There is no minimum balance required.
- Up to $250 can be taken out of your next paycheck as a short-term loan.
- Any price up to $1 per month is fair game.
- A $20-a-month subscription option is also available.
Personal loans are also available in most countries where Branch operates as one of the main cash advance applications. Each day, you can get a maximum of $150 in cash advances or up to $500 of your income in the US. Thanks to the no-fee checking account, you can access over 40,000 ATMs across the United States without charge. Receiving money, transferring money, and paying bills are all possible using the Branch app. While typical bank account advances are free and take up to three business days, rapid debit card advances cost between $2.99 and $4.99.
The branch app’s cash advance function has strict restrictions despite its handy features. You must have worked for the same employer for two months to begin. A debit card linked to a checking account at a bank that accepts direct deposits is a must. Unfortunately, remote workers are not supported by the program. It’s likely that if your job doesn’t have a physical location, you’ll be unable to use the app.
The branch’s services are also available in India, Kenya, Nigeria, and the United States. In most of these markets, the app provides personal loans with up to 360 percent interest rates. Repayment terms range from 60 to 336 days, depending on the size of the loan. To help you monitor your credit and manage your finances, the app provides you with free monthly CIBIL ratings and specific financial advice.
- There are daily cash advances of up to $150 available.
- Monthly, CIBIL scores are made available for free.
- All standard transfers are free.
- The prerequisites for a cash advance are rigorous.
- Interest rates can go as high as 360 percent in some places.
One of the best apps like dave, Even lets you get paid on demand by partnering with thousands of businesses. The software does not charge interest, but it does charge $8 a month for a membership. On the other hand, some companies pay all or part of this cost. When you’re short on funds, the Even app can help by alerting you to upcoming bill installments and the amount needed to pay them.
Even is presently only available through a limited number of organizations that have partnered with the app. More than 18,000 institutions participate in the company’s InstaPay service, which allows payments to be transferred to your bank account within one business day. As a result, Even does not distribute loans like some other apps on this list. It only makes it possible to get fast access to money you’ve already earned.
- You can access earned wages immediately.
- With no interest, you can take out a cash advance.
- More than 18,000 financial institutions as partners.
- a yearly membership fee of $8 is required.
In addition to Dave, Empower is a well-known app that offers interest-free loans up to $250. For $3, you can have the money sent to a bank account outside of Empower. You won’t have to worry about late fees or credit checks using the Empower app. However, after a free 14-day trial period, it charges $8 a month for membership. Cash advances are also only accessible to customers who make regular direct deposits to their Empower Checking Account.
In addition, the Early Paycheck Deposit option allows clients to get their paychecks up to two days early. If you buy something at one of the participating restaurants, supermarkets, or gas stations, you’ll get a 10% rebate.
You may use Empower as a budgeting tool to help you set spending limits according to your income and a cash advance app. Another feature of this program is that it suggests a total spending limit for each category and alerts you if you approach that limit. Monthly reports summarizing your spending by category are also provided.
- Cash advances with no interest up to a maximum of $250.
- Receive money up to two days before the due date.
- Allows for the creation of budgets.
- There are no checks on your credit.
- $8 a month is the cost of membership.
On the other hand, Axos Bank provides full-service digital banking, including high-yield checking and savings accounts. You’ll also access investing options, loans, and financial planning. Even though Axos does not offer typical cash advances, it does offer a feature called Direct Deposit Express. If you use this service, you can get your money two days before your employer does.
As a bonus, Axos clients can receive up to 1 percent payback on all signature-based purchases according to the company’s “Payback Checking.” Axos’ financial services portfolio also includes the ability to deposit checks, transfer funds, and pay your invoices on time through these methods. Investment suggestions are made based on your level of comfort with risk, which is also considered.
Security features include two-factor authentication (2FA), Face ID, fingerprint, and account monitoring to prevent fraud. The app doesn’t charge for monthly service or overdrafts. Axos Bank, on the other hand, does not need a minimum balance, but you must have $50 in your account to open an account.
- Users can view up a paycheck two days before it’s expected.
- You can earn up to 1% back in cashback on every transaction you make.
- There are no monthly or overdraft fees with this account.
- Heightened safeguards to thwart fraudulent activity.
- A minimum of $50 is required to open an account.
On our list of the best cash advance apps like dave, we have DailyPay. With this program, you’ll be able to get your paycheck a day or two ahead of schedule. Earned Wage Access is the same as Even, but it needs the employer’s support. You can send your outstanding profits to your debit card, bank account, prepaid card, or pay card using DailyPay, just like other applications in this category do.
If you have already cashed out your funds through DailyPay, they will be withdrawn from your next paycheck. However, the monthly charge is $2.99.
A SOC II audit has been performed on DailyPay’s payment network and customer support channels. This year, with an “honorable mention” from Fast Company on its list of “world-changing ideas,” it is a household name in the tech business. Several well-known companies, such as Burger King, Uber, Doordash, and ShiftGig, offer their employees early access to their paychecks through DailyPay.
- Unpaid wages can be transferred to your bank account instantly.
- 256-bit encryption is the highest level of security available.
- Pay $2.99 a month.
- The employer must support an employee’s claim.
Chime is a service that gives Earned Wage Access to its customers. As with Even and DailyPay, you can access your salary two days before the regular payment date with this service. However, unlike Dave, it does not offer a cash advance. Chime does not charge a monthly fee, a minimum balance, or a fee for international transactions.
There are no fees associated with sending money to a loved one or roommate through the Chime app. The Moneypass and Visa Plus Alliance give consumers access to over 38,000 ATMs across the United States. Out-of-network ATM withdrawals, however, will be subject to a fee.
With the SpotMe feature, eligible users can overdraw their account by up to $200, based on their repayment history, with Chime. You must have received at least $500 in direct deposits in the previous 31 days to use SpotMe. Additionally, the change is automatically rounded up to the nearest dollar. Even if you pay $15 for a $14.49 purchase and only receive $15, the remaining 51 cents will be immediately paid to your savings account.
- Payday is two days early because of this.
- Overdrafts of up to $200 are permitted.
- With money-rounding, you’re getting the best of the best!
- When using an out-of-network ATM, you will be charged a fee.
The final app on our shortlist of Dave-like cash advance apps is PayActiv. Employers who want to give their employees early access to their paychecks can use this service like DailyPay and Even. However, even if your employer isn’t a Payactiv member, you can still benefit from the company’s services. A PayActiv card can let you get paid up to two days ahead of schedule if you’re in that position. All PayActive users access the company’s savings tools, pharmaceutical discounts, and financial guidance.
When a person uses PayActive at work, they will see how many hours they have worked and how much they have earned. Additional options include cashing out, using a bank account, or transferring funds to a card. If they use the app to access money, that money will be deducted from their next paycheck. To give employees access to their earned pay, Payactiv, like many other apps in this category, uses time and attendance data. PayActive partners include Subway, Uber, Hilton, Pizza Hut, Walmart, Murphy USA, and NYC Taxi.
- allows for a higher starting salary.
- There are no up-front or ongoing costs for employers.
- Provides information and resources to help people manage their finances and save money.
- There looks to be a lot of activity on the app.
- Users’ spending may rise as a result.
The Best Apps Like Dave for Cash Advance
Small cash advances and personal loans are available from various financial assistance services, such as Dave, to help you in a pinch. These apps include access to financial instruments, banking, investment, and stock trading. Despite our best efforts, we cannot guarantee that all of the information in this post is correct or up to date. You can’t use it as a substitute for professional advice. Before you hand over your personal financial information to any of the businesses listed above, you should do thorough research.