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Cash advance apps have become a convenient solution for individuals needing a quick financial boost before their next paycheck. Earnin, a popular choice, stands out for its transparent fee structure and subscription-free model. However, the market offers various similar apps with distinct features and terms.
Earnin’s appeal lies in its user-friendly interface and lack of hidden charges. It allows users to access a portion of their earned wages in advance, offering a lifeline during unexpected expenses or temporary cash shortfalls. The app’s popularity has spurred the growth of alternative cash advance options, each catering to specific needs and financial situations.
When exploring alternatives to Earnin, it’s crucial to consider factors such as advance limits, eligibility criteria, and associated fees. Some apps may offer larger advances or additional financial tools, while others may have stricter requirements or charge higher fees. Understanding the terms and conditions of each app is essential for making an informed decision that aligns with individual financial goals and needs.
In the following sections, we’ll examine the best cash advance apps, such as Earnin, providing a comprehensive overview of their features, benefits, and potential drawbacks.
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19 Apps like Earnin
Here are the best cash advance apps like Dave, with low or no fees:
1. Cleo
Cleo
From building credit to escaping your overdraft, Cleo makes the money thing easy. There's a lot of shady apps that lend you money out there, Cleo not one of them. Get up to a $250 with no interest or credit checks.
Cleo stands out as an AI-powered personal finance app that offers a helping hand for those needing a cash boost before payday or facing unforeseen expenses. Cleo can provide up to $250 with no credit checks or interest charges, although first-time users may have a lower limit of $100.
Standard cash advances typically take 3-4 days to process, but Cleo also offers a same-day express option for an additional fee. It’s important to note that these cash advances are exclusively available to subscribers of Cleo Plus or Cleo Builder, which entail a monthly fee ranging from $5.99 to $14.99.
To qualify for a Cleo cash advance, simply link your bank account, initiate a chat within the app, and follow the steps to verify your identity and set up your desired payment and repayment schedule.
The benefits of Cleo include flexible repayment terms, no interest or hidden fees, and access to valuable personal finance tools with a subscription. However, the requirement for a paid subscription and the initial cap on advances for new users may be potential drawbacks to consider.
2. Chime
Chime
Get up to $500 of your pay before payday. Chime offers hassle-free online banking with quick and intuitive apps that allow you to manage all your accounts in one place. Best of all, there are no fees to worry about.
Chime stands out as a comprehensive digital finance platform, offering various banking services such as checking accounts, credit-building credit cards, and high-yield savings accounts. While it doesn’t directly provide cash advances, Chime’s SpotMe® program offers a unique form of overdraft protection.
This feature acts as a safety net for users who might overspend on their checking accounts. SpotMe® covers overdrafts up to $200 without imposing any overdraft fees. This can be particularly beneficial for those facing unexpected expenses or temporary cash shortages.
SpotMe® is free for Chime account holders, making it an attractive option for existing users. New users can access SpotMe® with an initial overdraft limit of $20, potentially increasing to $200 upon demonstrating consistent and timely repayment behavior. However, to be eligible for this feature, users must maintain a qualifying direct deposit of at least $200 into their Chime account every month.
While Chime’s SpotMe® is a valuable tool for managing finances and avoiding overdraft fees, its availability is limited to Chime users with qualifying direct deposits. Additionally, new users might find the initial $20 limit somewhat restrictive, although this can be increased over time.
3. Dave
Dave presents a unique option for those seeking short-term financial assistance. This app allows users to borrow small amounts of money to cover expenses while awaiting their next paycheck or to prevent overdraft fees. To access this feature, users need to open an ExtraCash account within the app. Dave also offers additional financial tools, including a savings account and a “Side Hustle” feature designed to help users explore additional income opportunities.
It’s important to understand Dave’s fee structure when considering advances. A $1 monthly subscription fee is required, and optional fees for fast funding and tips can add to the cost. For example, a $100 advance with a $5 express fee, $1 subscription fee, and $1 tip would cost $7, resulting in an APR of 365%.
While the maximum advance amount is $500, the actual amount available to users varies. Repayment is automatically withdrawn from the user’s linked bank account on the estimated next payday or the first Friday after receiving the advance.
Standard funding takes up to 3 business days while opting for express funding can provide access to funds within an hour for an additional fee. Dave’s flexibility in repayment and funding options makes it a potential solution for managing short-term financial needs.
4. MoneyLion
MoneyLion is a versatile financial platform that offers earned wage access, investment opportunities, and cryptocurrency trading without advance fees. Users can access up to $500 in advance without incurring interest charges, making it an attractive option for those seeking short-term financial assistance.
For those who subscribe to the MoneyLion RoarMoney account, the advance limit can increase significantly, potentially reaching up to $1,000. However, this is contingent upon factors like the user’s direct deposit schedule and level within the program.
While MoneyLion offers several enticing features, it is important to know its limitations. One notable drawback is the $100 disbursement limit, which means that users seeking to access more than $100 must initiate multiple transfers. This can potentially delay access to funds, especially in urgent situations.
Furthermore, while MoneyLion boasts instant access to funds, this comes at a variable extra fee ranging from $1.99 to $8.99. This fee structure might lack clarity for some users who prefer transparent pricing. Additionally, transferring funds from MoneyLion can incur fees, and making partial repayments might lead to deductions from future advance amounts, which is a factor to consider when managing finances through this platform.
5. Varo
Varo offers a cash advance feature that allows users to borrow up to $500 with no additional tips or interest charges. Instead, a flat fee is applied based on the amount borrowed, and repayment is automatically scheduled for the next payday.
To qualify for a Varo cash advance, you must have an active Varo checking account for at least 30 days and have received a minimum of $800 in direct deposits during that period. Repayment is hassle-free, as Varo automatically deducts the borrowed amount plus the fee from your account within 30 days.
One notable advantage of Varo is that cash advances of $20 or less incur no fees. Additionally, users can benefit from early access to their direct deposit paychecks and enjoy a range of online banking features. However, the relatively low cash advance limit and the fees associated with larger advances may be considered potential drawbacks for some users.
6. Empower
Empower provides its members with a convenient cash advance option of up to $250, without requiring a credit check or imposing any fees. Similar to other cash advance apps, the standard transfer typically takes a few days, but users can expedite the process for an instant transfer by paying an additional fee. The funds can be conveniently deposited into an external bank account or onto the user’s Empower card.
To qualify for an Empower cash advance, a few key factors are considered. These include a history of consistent direct deposits from your employer, a positive bank account history, and a demonstrated pattern of regular direct deposits over an extended period.
One notable advantage of Empower is the ability to consolidate and track all your finances within a single platform. Moreover, users can access their funds early, helping to avoid overdrafts without incurring any fees. Empower also facilitates automatic savings, making it easier to set aside money for future goals.
However, it’s important to note that Empower does come with a relatively high monthly membership fee. The cash advance limit is also capped at $250, which may be a constraint for those needing a larger sum.
7. Albert
Albert is a well-known cash advance app offering up to $250 advances without charging interest or fees. Like Dave, users can access up to three cash advances per pay period, with a total limit of $250.
As with most apps, Albert’s initial advance amount may be lower, gradually increasing with a positive repayment history. Repayment is typically scheduled for your next payday, but if circumstances arise, Albert offers flexibility in working out an extension plan.
Several criteria need to be met to qualify for an Albert cash advance. These include having an active checking account for at least 60 days, demonstrating a history of direct deposits into that account, providing proof of stable income from the same employer for at least 60 days, and ensuring sufficient funds remain in your account 24 hours after each payday.
Albert boasts several advantages, including no monthly service fees and the option to receive your direct deposit funds early. Additionally, the potential to advance up to $250 can significantly benefit users. However, it’s important to consider that Albert does not support joint accounts, and most of its features require a monthly subscription fee of $14.99. Furthermore, the APY offered on savings accounts through Albert is relatively low.
8. Axos
Axos differentiates itself by offering a unique service called “Direct Deposit Express,” which provides users with early access to their paychecks, rather than traditional cash advances or loans.
Unlike many banks that withhold funds until deposits are fully clear, Axos grants immediate access to your paycheck as soon as they receive notification of the deposit from your employer. This typically means receiving your funds a few days before your scheduled payday. Once the funds clear, Axos retains them, effectively covering the amount they advanced to you earlier.
One of the main advantages of Axos is the ability to access your paycheck sooner than usual. Additionally, they offer an increased APY on account balances for completing simple tasks, and no monthly fees are associated with the account.
However, it’s important to note that Axos doesn’t provide a cash advance option if you are short on funds before payday. You must also make a $50 minimum deposit to open an account and set up direct deposit to be eligible for early paycheck access.
9. Payactiv
Payactiv is an app that allows you to access your earned income before your scheduled payday. However, this service is only available if your employer participates in the Payactiv program.
If your employer does offer Payactiv, you gain the flexibility to access your earnings as you work. The app allows you to transfer funds to your bank account, debit card, or even withdraw cash directly.
With employer participation, Payactiv tracks your hours worked and calculates the portion of your earnings you can access daily. You can set up automatic transfers conveniently or only transfer funds when needed. Payactiv seamlessly deducts the advanced amount from your paycheck on payday, ensuring a smooth and hassle-free experience.
The main advantage of Payactiv is the ability to access your pay as you earn it, without incurring any fees or penalties. The app also offers a range of additional features designed to enhance financial well-being. However, the primary limitation is that you cannot access your earned funds unless your employer has enrolled in the Payactiv program.
Additionally, the ease of early access may lead to overspending habits if not managed carefully. It’s also worth noting that some users have found the app’s interface less intuitive than that of similar platforms.
10. DailyPay
DailyPay sets itself apart from Dave by offering access to 100% of your earned income, making it a potential solution for those facing significant financial emergencies that require more than a $500 advance.
DailyPay provides a service known as “earned wage access,” allowing employees to access their funds as earned rather than waiting for a traditional payday. However, like Payactiv, DailyPay is only available if your employer participates in the program.
With DailyPay, employees can access their earned funds from the very first day of work. These funds can be transferred to any bank account or debit card, with the option of instant transfers for a fee or standard next-business-day transfers.
DailyPay integrates with your company’s timekeeping system to accurately track your hours worked and calculate your available earnings. After each shift, the app provides an updated overview of your earnings and the amount available for early transfer. You can conveniently transfer funds anytime, 24/7, to wherever you need them.
Key benefits of DailyPay include access to 100% of your earned income (minus taxes and liabilities), the ability to set up automatic savings goals, and the app’s clear display of your earnings and available funds at any time.
However, it’s important to be aware that accessing earned funds early can potentially lead to overspending habits if not managed carefully. Additionally, DailyPay is only accessible if your employer offers it, and some users have reported difficulties in reaching customer service for assistance.
11. Brigit
Brigit is a cash advance app that provides similar services to Dave. It offers both cash advances (called Instant Cash) and personal finance tools designed to help users manage their finances. Brigit subscribers can access up to $250 in advances, although initial limits may be lower until a reliable repayment history is established.
Repayment of Brigit cash advances typically coincides with the user’s next payday. However, if needed, users can request an extension. Cash advance deposits usually take a few business days, with an expedited “instant transfer” option available for a small fee.
Unlike Dave, Brigit requires a monthly subscription fee of $9.99 to access its Instant Cash feature.
To qualify for Brigit Instant Cash, users must have an active checking account with a positive balance for at least two months and demonstrate a consistent history of at least three direct deposits from their employer.
One of Brigit’s main advantages is the absence of interest or fees on cash advances. Users can also set up automatic advances to proactively avoid overdrafts. Additionally, Brigit is compatible with over 6,000 banks, providing widespread accessibility. However, the monthly subscription fee may be a deterrent for some, and an external bank account is necessary to receive cash advances.
12. One@Work
Formerly known as Even, the One@Work app offers another option for accessing your earned income before payday. Eligible employees can utilize Instapay to receive up to 50% of their earned wages in advance.
One@Work collaborates with leading employers nationwide to provide this early access benefit. The app lets you easily view your earned income and select the desired amount to receive early. Repayment is conveniently handled on your next payday.
The primary advantage of One@Work is the ability to access earned funds ahead of schedule without incurring interest or fees. Additionally, it boasts compatibility with thousands of employers and banks, making it widely accessible. However, it’s important to exercise caution, as early access to funds may encourage overspending if not managed responsibly. Furthermore, this service is only available if your employer participates in the One@Work program.
13. Klover
Klover is a mobile app that provides quick financial assistance through instant cash advances of up to $200. This platform caters to individuals seeking to address short-term financial needs efficiently and conveniently.
With a user-friendly mobile interface, Klover offers a straightforward application process. Users can access the app through the Google Play Store and the Apple App Store, which has garnered positive ratings and numerous downloads.
The primary benefit of Klover lies in its ability to offer instant cash advances for emergencies. Users can quickly receive funds to cover unexpected expenses or bridge the gap until their next paycheck. However, it’s important to be aware that the loan amount is limited to $200, and eligibility for cash advances depends on meeting specific requirements set by Klover.
14. Possible
Possible is a user-friendly mobile app offering cash advances up to $500. It is designed to help individuals easily manage unforeseen expenses and cater to those seeking quick and convenient financial assistance when unexpected situations arise.
The app boasts a simple application process, enabling users to apply for a cash advance directly from their mobile devices. While it has received mixed reviews in the Google Play Store, it holds a higher rating in the Apple App Store, reflecting varying user experiences.
The primary benefit of Possible lies in its ability to provide cash advances of up to $500, making it a suitable option for those requiring a moderate amount of financial support. However, it’s important to be aware that the borrowing limit is capped at this amount, and repayment is typically expected by your next paycheck. This can be a drawback for those seeking more flexible repayment terms or a larger loan amount.
15. FloatMe
FloatMe is a user-friendly app offering cash advances up to $50. It caters to those in need of quick financial assistance for unexpected expenses. Like Dave, it addresses immediate financial challenges with a simple and accessible solution.
With positive reviews on both the Google Play Store and Apple App Store, FloatMe has garnered a reputation for its straightforward process and user-friendly interface. These features make it easy for users to promptly apply for and receive cash advances.
The main advantage of FloatMe lies in its provision of small cash advances, ideal for covering minor financial gaps or unexpected costs. However, it’s important to be aware that the borrowing amount is limited to $50, which may not be sufficient for larger financial needs. Additionally, users must repay the advanced amount according to the agreed-upon terms, so responsible borrowing is crucial to avoid any financial strain.
16. Grid
Grid is a versatile app that provides cash advances up to $200 and offers access to tax refunds, catering to various financial needs. It aims to empower users by providing timely financial assistance and simplifying financial management through its user-friendly interface.
While the app enjoys a moderate rating in the Google Play Store, it boasts a higher rating in the Apple App Store, suggesting differing user experiences across platforms. With over 500,000 downloads, Grid has attracted a substantial user base.
The key benefits of Grid lie in its dual functionality. Firstly, it offers access to cash advances of up to $200, ideal for covering unexpected expenses or emergencies. Secondly, it allows users to conveniently receive their tax refunds directly through the app, simplifying the refund process.
However, it’s important to be aware of certain limitations. The $200 cash advance limit may not be sufficient for those facing larger financial challenges. Additionally, as with any form of borrowing, responsible budgeting and timely repayment are crucial to avoid accumulating debt and maintaining financial stability.
17. Vola Finance
Vola Finance is a user-friendly mobile app that provides cash advances of up to $300 without the burden of interest or hidden fees. It focuses on delivering transparent and straightforward financial solutions to users facing immediate financial challenges.
The app enjoys a moderate rating in the Google Play Store, indicating mixed user experiences, while boasting a higher rating in the Apple App Store. Regardless, it has garnered over 100,000 downloads, demonstrating a significant user base.
Vola Finance’s key advantage is its ability to offer cash advances up to $300 with no additional interest charges. The app emphasizes transparency by clearly outlining any applicable fees upfront. However, the borrowing limit is capped at $300, which might be a constraint for those needing a larger sum. Additionally, certain eligibility criteria may need to be met to access the cash advance feature.
18. SoLo Funds
SoLo Funds is a community-based platform that fosters financial support and collaboration among its members. It offers a distinct approach to lending and borrowing, emphasizing fair terms and transparent processes. By prioritizing a more human-centered approach, SoLo Funds aims to create a supportive financial ecosystem for its community.
Available on both the Google Play Store and Apple App Store, SoLo Funds has garnered positive ratings and a significant number of downloads. This indicates a growing interest in its community-based financial services.
One of SoLo Funds’ main advantages is its supportive community, where members can help each other by lending and borrowing funds. The platform also emphasizes fair terms and transparent processes, ensuring that users understand the terms of their transactions.
However, it’s important to note that SoLo Funds offers a limited range of services compared to traditional banking institutions. Additionally, users may need to register separately for certain additional services offered by the platform. Despite these limitations, SoLo Funds provides a valuable alternative for individuals seeking a more community-oriented approach to financial assistance.
19. Cash App
Cash App is a versatile financial services platform that offers a range of benefits, including convenient money transfers, investment opportunities in stocks and Bitcoin, and discounts on everyday purchases. It aims to provide a faster and more streamlined banking experience, eliminating many fees associated with traditional banking institutions.
Cash App has received overwhelmingly positive reviews on both the Google Play Store and Apple App Store, boasting millions of downloads and a large user base. This reflects its popularity and widespread adoption as a convenient financial tool.
The primary advantages of Cash App include its user-friendly interface, making it easy for users to navigate and utilize its various features. Additionally, it offers several money-saving features, such as discounts and cashback rewards.
However, it’s important to note that Cash App’s functionalities are more limited than other financial apps. While it excels in peer-to-peer payments and basic investment options, it may not offer the comprehensive suite of features found in dedicated banking or investment apps. Furthermore, engaging in trading activities through Cash App carries inherent risks, as with any investment platform.
20. Branch
Branch is a mobile app that allows users to conveniently access cash advances up to 50% of their pay. It simplifies the process by eliminating credit checks and intricate procedures, providing a quick and easy solution for those needing funds.
Branch has garnered positive reviews on both the Google Play Store and Apple App Store and boasted a significant number of downloads. This indicates its popularity among users seeking convenient access to cash advances.
One of the main advantages of Branch is its user-friendly interface, making it easy for individuals to navigate and utilize its features. The app also offers convenient cash advances, providing quick financial assistance when needed.
However, it’s important to note that Branch cash advances are limited to a percentage of your pay, which may not be sufficient for those requiring larger amounts. Additionally, certain restrictions or eligibility criteria for accessing the service might apply, so it’s advisable to check the app’s terms and conditions for detailed information.
What is Earnin and how does it work?
Earnin is a financial app designed to give employees access to a portion of their earned wages before their regular payday. Unlike traditional lenders, Earnin doesn’t offer personal loans. Instead, it acts as a bridge between paychecks, allowing users to tap into their earnings as they accrue.
The way it works is simple: users connect their bank account and employment information to the app. Earnin then tracks their earnings and allows them to withdraw a portion of that amount in advance. This can help cover unexpected expenses or bridge the gap between paychecks.
Earnin automatically deducts the advanced amount on payday from the user’s bank account. While the app doesn’t charge mandatory fees, it operates on a tipping model, allowing users to voluntarily tip for the service. This flexibility makes Earnin a convenient option for those seeking early access to their earnings without incurring interest or traditional loan fees.
Cash out with Earnin
Earnin’s “Cash Out” feature offers a convenient way to access a portion of your earned wages before your regular payday. Users can request up to $100 per day or a maximum of $750 per pay period, providing a helpful buffer for unexpected expenses or temporary cash needs.
The platform offers two transfer options: standard and “Lightning Speed.” The standard transfer is free and typically takes one to two business days to reach your linked bank account. For those needing faster access to funds, the “Lightning Speed” transfer delivers the money within minutes. While this service is free for certain eligible banks, it may incur a fee for others.
Repayment is seamless; the borrowed amount is automatically deducted from your bank account on your next payday. Earnin doesn’t charge interest on cash advances, but users can tip for the service if they choose. This tip-based model makes Earnin an accessible option for short-term financial assistance without incurring traditional loan fees or interest charges.
Earnin eligibility
Earnin offers a convenient solution for accessing earned wages before payday, but it’s important to understand the eligibility requirements before utilizing their services.
To qualify for Earnin, individuals must meet certain criteria related to their employment and payment method. First and foremost, users must be employed and receive their paychecks via direct deposit. This allows Earnin to verify income and facilitate automatic repayment.
Additionally, a consistent pay schedule is required, whether weekly, bi-weekly, or monthly. This helps Earnin track earnings and determine the appropriate advance amount. Furthermore, users must work in a fixed location, which can be verified through various means like GPS or timesheet submissions.
Earnin provides additional benefits, such as low balance alerts to help users avoid overdraft fees and free standard transfers. Notably, the app doesn’t charge interest on advances, making it an attractive option compared to traditional loans.
However, there are some limitations to consider. Earnin requires access to the user’s bank account to verify earnings and facilitate transactions. Additionally, the eligibility requirements can be quite strict, potentially excluding individuals with irregular work arrangements or those who don’t receive paychecks through direct deposit. Furthermore, the advance limits might be relatively low compared to other options, which might not be sufficient for those needing larger amounts.
Tips for choosing an app like Earnin
Selecting the right cash advance app involves carefully considering various factors tailored to your specific financial needs.
The cash advance limit offered by different apps can vary significantly, typically ranging from $100 to $1,000. It’s essential to assess your anticipated needs and choose an app that aligns with those requirements. Keep in mind that many apps gradually increase the maximum limit based on your consistent repayment history.
Customer service is another crucial aspect, especially for mobile-based apps. Evaluate the level of support offered, including availability, communication channels, and response times. User reviews on platforms like Trustpilot and the Better Business Bureau can provide valuable insights into the app’s customer service quality.
Each cash advance app has specific eligibility requirements, often including age restrictions, proof of employment, income level, direct deposit setup, bank account history, and potentially even credit score checks. Carefully review these requirements to ensure you meet them before applying.
Fees and interest charges are vital factors to consider. These can vary significantly, including monthly subscription fees, transaction fees, interest rates, late fees, and express delivery fees. Thoroughly assess these potential costs to determine if the app’s benefits outweigh the expenses.
Many cash advance apps offer additional financial tools beyond just advances. Some platforms provide comprehensive banking services, while others offer credit-building opportunities or budgeting and saving tools. Evaluate these features based on your individual financial goals and needs.
Lastly, turnaround time can be decisive, especially for urgent situations. Some apps offer transfers within hours, while others might take several business days. If you require quick access to funds, consider express delivery options, but be mindful of any associated fees.
By carefully considering these factors, you can choose a cash advance app that best suits your financial situation and requirements.
The bottom line
Life’s uncertainties can sometimes lead to financial challenges, making it difficult to cover unexpected expenses or bridge the gap between paychecks. Early access to your earnings or utilizing a cash advance app can provide much-needed relief in such situations.
Apps similar to Earnin offer a valuable alternative for those seeking quick access to extra cash. However, it’s important to recognize that these apps can vary significantly in terms of fees, turnaround times, and membership requirements.
Before committing to any particular app, it’s crucial to conduct thorough research and compare all available options. Carefully reviewing the terms and conditions can shed light on potential hidden fees or drawbacks.
By taking the time to understand the nuances of each app, you can make an informed decision that aligns with your financial needs and goals. Choosing the right app can provide immediate assistance and contribute to your long-term financial well-being.