Dave is one of the most popular apps for paycheck advance and budget assistance, but it is rare. There are many apps that offer similar functionality, often with slightly different features and terms. In this article, we present to you some of the best cash advance apps that are great alternatives to Dave.
Brigit
Brigit is one of the best and most popular cash advance apps like dave, offering small payment advances of up to $ 250. It does not charge interest on the loan, but you do have to pay a monthly subscription of $ 9.99. This is a lot more than the modest $ 1 fee you pay for Dave, but it also offers free account monitoring services. Includes budget tools to help you analyze your earnings and spending habits.
It automatically credits your account when your balance is low and at risk of falling below zero, thus helping to prevent overdraft charges.
Brigit offers a prepaid option as well as an expiration date. The app uses 256-bit encryption and states that it will not share or sell your personal information to third parties.
Earnin
Actually known as ActivHours, Earnin is a great alternative apps like dave for those who do not want to pay a recurring subscription fee. Instead, the app will pay you a tip that you think is reasonable for the service. The app offers up to $ 100 per day check advance per day that you have already earned, up to a maximum of $ 500 per period.
Earnin also offers other useful features such as balance shield alerts that can notify you if your bank account balance is below a certain limit. There is also a cash-out feature that can automatically deposit up to $ 100 in your bank account to help prevent overdraft fees.
For all its positives, Earnin also has some disadvantages. To be eligible to receive a paycheck advance, you must have a regular pay schedule (weekly, bi-weekly, semi-monthly, or monthly). Your employer must have an actual physical work location or use time-tracking software to qualify to use the service. Additionally, you must spend at least half of your paycheck directly to your checking account by deposit.
Moneylion.
MoneyLion is an all-in-one mobile banking app that provides customers with an easy way to borrow, save, invest and earn. apps like dave
, it offers easy cash advance and prepaid check access with the ‘Instagram’ feature. It allows you to borrow up to $ 250 on your next payment without interest and credit checks. The company claims to transfer money instantly to your account at any time of the day. Its RoarMoney feature gives you access to your salary two days in advance.
The best part about MoneyLion is that it does not require a minimum balance. The app does not charge you any fees for standard transfers, overseas transactions, mobile check deposits, or card replacements.
Additionally, the app also helps you with your investments by allowing you to transfer money from your savings account to custom-selected exchange-traded funds for your needs and risk tolerance. The app charges a $ 1 monthly fee for the initial subscription, while its ‘Credit Builder Plus’ subscription, which provides access to loans up to $ 1,000, costs $ 19.99 per month.
Branch
The branch is one of the best cash advance apps like dave, which also offers personal loans in most of the working countries. In the US, it offers a cash advance of up to $ 150 per day or up to $ 500 on your payment. It offers free checks, debit cards, and free ATMs at more than 40,000 locations across the United States. You can receive funds, transfer funds, and pay bills through the Branch app. It charges from $ 2.99 to $ 4.99 for an instant advance to your debit card, while standard advances to your bank account are free and can take up to three working days.
The Branch app offers useful features but has strict requirements for its cash advance facility. First, you must receive a salary for two consecutive months from the same employer. You must deposit it into a checking account with the bank that supports it and has a debit card for that account. This means that if your employer does not have a physical office, you are probably not eligible to use the app.
In addition to the US, the branch has expanded its services to India, Kenya, Nigeria, and many other countries. In most of these markets, the app offers personal loans at up to 360% interest rates. Depending on the amount of your loan, you have the option of repaying terms ranging from 60 days to 336 days. In India, the app offers free monthly CIBIL scores and personalized tips to help you monitor your free credit and stay on top of your finances.
Even
Other cash advance apps like dave also work with thousands of employers who partner with the company to help you receive payments on demand. Not interested, but the app charges a $ 8 subscription fee per month. However, some employers subsidize some or all of that cost. In addition to cash progress, the Sum App will help you the budget from paycheck to paycheck, send notifications about upcoming bill payments and how much you need for them.
It is important to note that Even is only available through select owners who partner with the app. It works with over 18,000 banks for the in-state facilities, which will deposit cash in your bank account in a business day. However, unlike some of the other apps on this list, Even App does not distribute loans. This will allow you to quickly access only the wages you have already earned.
Empower
Another popular apps like dave, Empower offers interest-free cash advances of up to $ 250. You can send money to your Empower checking account for free or to your bank account for a fee of $ 3. The Empower app does not charge late fees and does not have a credit check. However, there is a $ 8 subscription fee per month after the free 14-day trial period. Additionally, you must make regular direct deposits to your Empower Checking Account to qualify for cash advances.
Other important functions include the early payment check deposit feature, which allows customers to quickly access their paychecks for up to two days. It offers 10% cashback offers on eligible purchases at hundreds of restaurants, grocery stores, and gas stations.
In addition to the cash advance and related features, the Empower app also works as a budget app, helping you to limit your expenses based on your income. It also indicates the total cost limit for each category and sends you alerts when your spending limit is exceeded. You will also receive monthly reports showing your expenses in each category.
Axos
Axos also offers ‘cashback checking’, which allows you to earn up to 1% cashback on all transactions made with signature-based purchases. In addition, Axos allows you to deposit checks, transfer funds, and pay your bills on time as part of your financial services portfolio. It also provides appropriate investment recommendations for your risk tolerance. This is a best features apps like dave.
The app does not charge a monthly service fee or overdraft fee. Axos Bank does not even require a minimum balance; however, you do need a minimum balance of $ 50 to open your account.
Daily pay
Next on the list of the best cash advance apps like dave Is DailyPay. This app will help you access your salary before your next payday. Like Even, it provides access to earned payments and should be supported by your employer. Like other apps in the area, DailyPay allows you to instantly transfer your still-paid earnings to your debit card, bank account, prepaid card, or payment card.
DailyPay keeps the money in the bank and pays the entire paycheck already cashed. However, it charges $ 2.99 to use the service. It is one of the most respected names in the business that has a ‘respectable mention’ on this year’s Fast Company ‘World-Changing Ideas’ list. Some of the major companies that offer employees early access to pay via DailyPay are Burger King, Uber, Television, and Shift Gig.
Chime
Chime is another app that offers customers the convenience of earned wages. It works the same as Even and apps like dave and gives you access to your payment up to two days before the scheduled payment date. It does not give you a cash advance like Dave. Chime is free to use and does not charge a monthly maintenance fee, minimum balance fee, or overseas transaction fees.
The Chime app also allows you to send money to friends, family, or roommates without any transfer fees. It gives customers access to more than 38,000 ATMs across the US, including Money Pass and Visa Plus Alliance. However, where applicable, you will have to pay an ATM withdrawal fee outside the network.
Chime also has a ‘Spot Me’ feature that allows all eligible customers to overdraw their account for up to $ 200 based on their refund history. However, to qualify to use Spot Me, you must have received a direct deposit of $ 500 or more in the last 31 days. Another important feature here is the money-rounding function, which automatically converts to the nearest $ 1. For example, the app will charge you $ 15 for a $ 14.49 purchase and an additional 51 cents will be automatically transferred to your savings account.
PayActiv
PayActiv is the last app on the list of best cash advance apps like dave. Like DailyPay and Even, it also targets employers who can use the service to give their employees early access to their pay. However, even persons who are not registered as owners in PayActiv are eligible to use its services. In that case, you can apply for a PayActiv card and receive your salary 2 days in advance. All customers are eligible to use PayActiv Savings Tools, Prescription Discounts, and Financial Counseling.
People who are paying active at work can see ‘working hours and their current earnings on the app. They can transfer the amount they can access to their bank, card, or receive cash. Funds accessed using the app will be deducted from their next payment. Like most apps in this category, PayActiv uses time and attendance data to give employees increased pay to access. Subway, Uber, Hilton, Pizza Hut, Wal-Mart, Murphy USA, NYC Taxi, and many more pay-as-you-go partners.
