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13 Best Apps like Dave to Get Cash Advances Effortlessly

Best Apps like Dave to Get Cash Advances Effortlessly

Your Phone or Credit Card bill for the month has arrived unpredictably earlier than usual, but payday is not until the next two weeks. Things like this can be a headache, particularly if you are living paycheck to paycheck. Gratefully, there are now financial apps that will help you get by without trapping you into the pit of debt. Dave is one of the most popular apps for paycheck advances and budgeting assistance.

It’s not just Dave now, though. There are numerous apps that also offer similar functionality, often with somewhat different features and terms.

In this article, we tell you about some of the best cash advance apps that are great alternatives to Dave. Maximum of them offer small payday cash advances alike Dave, but some also offer personal loans if your cash requirements are more substantial.

1. Empower

Yet another popular app like Dave, Empower offers interest-free cash advance of up to $250. The money can be sent to your Empower checking account for free or to a bank account for a fee of $3.

The Empower app does not charge late fees, and there are no credit checks. However, it does have a membership charge of $8 per month after a free 14-day trial period.

What’s more, you have to make regular direct deposits to your Empower Checking Account to be eligible for cash advances. Other notable functions include an Early Paycheck Deposit feature that allows users to get access to their paycheck up to two days faster.

It also offers a 10% cashback offer on eligible purchases at hundreds of restaurants, grocery stores, and gas stations. Alongside the cash advance and related features, the Empower app also functions as a budgeting app, helping you limit your spending based on your income.

It also suggests an overall spending limit for each category and sends you alerts when your spending is about to go over the limit. You also receive monthly reports showing your expenditure on each category.

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2. FloatMe

FloatMe is an easy-finance mobile application that helps millennials improve their finances.

In an interview with FloatMe founder Josh Sanchez, he stated the company used to give advances of up to $200 but later on found out an average American accrues overdrafts by going over $24 on a spend. After this, the company strategized and started winding down its advances to just up to $50, factoring in its major target demographic.

It is a new payday advance app useful to any user who wishes to subscribe for a monthly membership fee amounting to just 2 USD. This app also offers a 30-day trial for potential subscribers to try their services.

They can then either continue with the subscription or cancel before the trial period expires.

3. MoneyLion

With MoneyLion’s Credit Builder Plus membership, you can request a credit-builder loan of up to $1,000. With this loan, you’ll be able to access a certain portion in your checking account and the rest is deposited into a reserve account until you pay off the loan.

With on-time payments, you may build your credit since MoneyLion reports to all three main credit bureaus. But you’ll pay a steep price for membership — $19.99 per month plus your loan payment, which includes interest charges. Competitive to high interest rates — MoneyLion’s credit-builder loans have APRs that range from competitive to relatively high.

The company says rates vary based on different financial factors, such as income. If you need money more quickly, MoneyLion offers an advance of up to $250 with a 0% APR through its InstaCash feature.

But you’ll have to meet eligibility requirements, such as having a checking account that’s been active for at least two months, has a positive balance, and regular deposits and activity. MoneyLion offers a suite of other services, including a no-fee checking account, access to a managed investment account with no minimum investment and a rewards program.

4. PayActiv

Payactiv markets itself as the best payday advance apps like Dave. The app services any employed subscribers. Payactiv gives them access to cash out for the number of hours they have already worked.

The beauty about using Payactiv is subscribers won’t deal with any interest because they are not asking for a loan in the first place.

If employers support the use of Payactiv, subscribers can have access to financial assistance right away. Moreover, Payctiv does not impose hidden charges to customers like monthly fees, inactive fees, and recurring fees. It’s fast easy.

You can request for advance paycheck based on how much you’ve already earned in a pay period. The money gets transferred to your bank account and gets auto-debited when your next paycheck comes.

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5. Affirm

Affirm is one of the easiest-to-use finance applications that allows you to divide your online purchases so that you can make easy monthly payments.

It also works as your virtual credit card with no hidden fees. All you need to do is fill out an application on the app for a real-time decision, and choose the payment schedule that suits your work. Affirm lets you purchase anything from anywhere.

Once you install this app and enter your purchase amount, it can set up a monthly payment schedule that meets your spending habits. Moreover, you can send money to others using Affirm, which only takes a few seconds.

6. Axos Bank

Unlike some other apps on this list, Axos Bank is a full-service digital banking service that offers high-yield checking and savings accounts.

You also get investment options, loans, personal finance management, etc. While Axos does not offer a true cash advance option per se, it has a feature called Direct Deposit Express.

It lets you access your money up to two days early when your paycheck is deposited in your bank by your employer. Axos also offers ‘CashBack Checking’, enabling users to earn up to 1% cashback on all transactions made with signature-based purchases.

Moreover, Axos also lets you deposit checks, transfer funds, and pay your bills on schedule as part of its financial services portfolio. It also offers investment recommendations tailored to your risk tolerance.

The security features include two-factor authentication (2FA), Face ID, fingerprint (or Touch ID on Apple devices), and account monitoring to prevent fraud.

The app does not charge a monthly service charge or overdraft fees. Axos Bank also does not have a minimum balance requirement, although, you do need a minimum $50 balance to open your account.

7. Ingo Money

Capping our list is Ingo Money, one of the apps like Dave that provides financial services including, but not limited to, getting cash paychecks, personal checks, and business checks. We’re all about checks with Ingo Money. So how does it work? Users’ checks are subject to funding approval from $5 up to $5,000.

However, users need to be aware that Ingo Money imposes a standard fee of 2% for payroll and government checks with a pre-printed signature and 5% for all other accepted checks. Once the check is approved for encashment, you can get your money within minutes for a little extra fee.

Otherwise, the money will be transferred to your preferred card within a business day.

8. Branch

Like Earnin, Branch may give you a cash advance of up to $150 per day, or up to $500 of your paycheck per pay period and asks for an optional tip. The app also comes with no-fee checking, a debit card and free ATM access at more than 40,000 locations.

You can also receive money, transfer funds and pay bills through Branch. If you want your money within minutes, you’ll have to pay. Branch charges $2.99 to $4.99 for instant “external” advances to your debit card, depending on the amount. Its standard paycheck advances are free but can take up to three business days to be deposited in your bank account, and may take even longer to access depending on your bank.

If you typically work from home, you won’t qualify for an advance from Branch. You’ll need to meet several other requirements to qualify. One is that you need to have two consecutive months’ worth of direct deposits from the same employer deposited into a checking account at a supported bank.

You’ll also need a debit card that pairs with your checking account — and Branch will check your spending activity to make sure it isn’t “high.”

9. Chime

Chime has become one of the most popular fintech mobile apps even though it has not been around in the market for long.

It comprises roughly eight million accounts and is close to 10 million users. According to industry experts, most of the applications like Dave that are touching the market these days are coming out of the Chime handbook.

It is considered the best app for users who are looking to build a credit score and save money. Chime allows users to cash out 200 USD in a day without any overdraft charges. It is more than just an advance cash finance app.

Opening an account with Chime enables users to set up a savings bank account with any minimum balance to be maintained.

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10. Brigit

Brigit is one of the best and most popular cash advance apps like Dave, offering small paycheck advances of up to $250.

It doesn’t charge interest on the loan itself, but you will have to pay a hefty monthly membership of $9.99. It is significantly more than the paltry $1 charge you pay for Dave, but it does offer free account monitoring services.

That will include budgeting tools to help analyze your earnings and spending habits. Brigit works with more than 15,000 US banks and financial institutions, including Bank of America, Wells Fargo, TD Bank, Chase, and more.

It deposits cash automatically into your account when your balance is low and in danger of dipping below zero, thus, helping prevent overdraft fees. Brigit also offers early repayment options, as well as due date extensions. The app uses 256-bit encryptio

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11. DailyPay

DailyPay is another app like Dave that grants early access to unpaid worker wages even before the payday.

Users can choose where to receive the borrowed cash — choose any debit card, bank account, prepaid card, or pay card. Users are entitled to borrow up to 100% of their unpaid wages. That is because DailyPay operates on the idea that every day, workers earn credits for the hours worked.

Hence, they are entitled to every penny that goes into that credit. What’s more is users can make up to five times a day money transfer, and you can transfer up to $1,000 a day.

12. Earnin

If you don’t want to pay for a recurring monthly membership to be considered for a paycheck advance, Earnin may be a good choice for you. Instead of charging a membership fee, Earnin asks people to tip what they think is fair to support the service.

The downside is that you need to have a workplace that uses time-tracking software or a job with a fixed physical location to qualify — and there are other banking-related requirements. To start, Earnin may advance you up to $100 per pay period, but over time you may be able to qualify for as much as a $500 payday advance.

If you turn on the app’s Balance Shield Alerts feature, Earnin will notify you any time your bank account balance dips below a certain threshold that you specify (between $0 and $400).

You can also opt for Balance Shield Cash Outs, which will automatically advance you up to $100 of your earnings to help you avoid overdraft fees if your account balance drops below $100. Check the fine print before you sign up. To be eligible for the app, Earnin says that you must have a regular pay schedule (weekly, bi-weekly, semi-monthly or monthly).

In addition to having a physical work location or timekeeping system, you’ll need to send at least half of your paycheck to your checking account via direct deposit. You can opt for Earnin’s Lightning Speed feature to get your money more quickly, but your bank will have to support the feature. If it doesn’t, Earnin says you’ll typically get your money in one to two business days.

13. Even

Even is one of the highly rated apps like Dave that offers early approvals for unpaid wages coupled with a few financial planning tools. This app allows companies to have an open account with Even so that their employees can access it.

This application allows users to borrow up to 50% of their unpaid wages for a certain period.

This concept is derived from the idea that workers earn credits for each hour they work, and it makes them entitled to the money. Even enables users to get their cash out in one business day or get it instantly from select shopping centers.

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Conclusion

That’s pretty much it! So, there are Best Apps like Dave to Get Cash Advances Effortlessly.

If you have any other favorite Best Apps like Dave to Get Cash Advances Easily then don’t forget to share them with us in the comment below. Also, if you liked this article, Share on your favorite Social media platform.

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