Sometimes, you’ll need some more cash. Whatever the reason, you’ll be able to seek out short-term help. It’s never simpler with instant cash apps like Dave.
Although it’s not free cash ( though tell me when you discover that app), cash advance apps like Dave provide you with the cash you need in a flash and often receive it without penalty, provided you repay the cash usually from the next pay period.
But, Dave isn’t the only alternative, or perhaps the best choice for you. It is important to understand the difference between these apps to help you make the right choice among payday loan apps like Dave.
What is the Dave App?
Dave app is a personal finance app that offers tools and information to help users manage their finances.
Dave is renowned for the ExtraCash(tm) feature that provides users with short-term loans that can be as high as $500 dependent on your financial situation, credit score and a variety of other factors.
When you open the account on Dave, you can then use the feature. Without performing any credit checks and without charging any interest, it’ll give you the option of a loan the amount of $750, up to your next payday, or the closest Friday.
10 Best Apps Like Dave for Instant Cash Advance
We’ve already talked about Dave however, there are many other payday loan apps like Dave and others with similarly fascinating names.
Here are ten instant cash apps like Dave to think about:
1. Chime SpotMe
Chime SpotMe isn’t an instant cash application or loan provider, but more of an additional security layer for overdrafts for particular users.
It’s not possible to take out a cash advance, but it does offer protection against overdrafts of as much as 200 dollars, though it is likely to start at around $20.
If you’re searching for money apps like Dave, where you can take advantage of cash advances, but not this one. If you want to stay clear of fees in a difficult time, then you’ve found the perfect app.
- Loan amount: up to $200
- Process time: The same day
Also read: Top 20 Passive Income Apps for Extra Money
2. Varo
Varo promises that they can provide up to $250 in advance from their. To use Varo to get this benefit it is necessary to maintain an active Varo Bank account, and have direct deposits established (and ahave lready received direct deposit), and be eligible through other options. This could take a little amount of time to get it set up.
If you are able to qualify but you will receive your cash quickly (for the cost of a flat rate) and without any hassle. Varo is a good choice when you’re looking to partner together with Varo as your financial services and bank provider. There are many reasons to do this.
- Loan amount: Up to $250
- Processing time: Immediately
3. Empower
You may have heard of Empower through their other financial services and products offerings. Yet, they’re one of the Cash Advance apps like Dave that offer users who are eligible with a cash advance as much as $250.
Users will have to download the Empower App to connect to a checking account through which they are able to receive regular deposits.
Although all fees are non-negotiable, customers must contact customer support and then talk to their support team to cancel their subscription fee to access the application.
Empower offers other options like budgeting support and monitoring credit scores, etc. Empower is an excellent application for financial services in general and will benefit the users in many ways.
- Loan amount: Up to $250
- Processing time: Within 1 day
4. EarnIn
A much-respected option in comparison to apps like Dave, EarnIn’s purpose is to let you get the cash you’ve earned and repay it with the next paycheck.
It has a large limit and will offer you cash quickly. However, remember that you have to be a W-2 worker to be eligible for the app, and you must have a paycheck that has been deposited into a banking account to show your earnings. Also, you’ll only earn $100 per day through the app, and it will only max out to $750 for each pay period.
- Loan amount: Up to $750 per pay period
- Processing time: Within 1-2 business days
5. MoneyLion
MoneyLion Instacash is an advanced cash program that lets you borrow up to 30% of your normal direct deposit each pay cycle, up to $250 for the majority of users and 500 for premium users.
Advances are offered in increments of $100. Additionally, it’ll take time to obtain the maximum amount you can borrow. You’ll probably only be able to borrow around $25 initially.
The amount you pay could be increased by showing regular deposits to your account. You can also become Credit Builder Plus member ($19.99 monthly).
- Loan amount: Up to $500,
- Processing time: 1-5 business days
6. Brigit
Brigit requires an active checking account that is at least 60 days old and with an account balance of more than $0 and funds leftover after you have received the pay.
Additionally, it requires that users be able to make recurring payments from that same institution. The loan amount you are granted will depend on the “score” with them.
Brigit is generally a good choice if you’re looking for credit building and make use of the other tools and features, but signing up for and then paying for their services can be quite costly ($9.99 each month).
- Loan amount: Up to $250
- Processing time: 1-3 days for free
7. One@Work
One@Work is an app that employers utilize to aid employees and people with their budgets and finances. It can also be an option to allow people to receive a portion of their pay earlier, effectively converting it into an advance in cash apps like Dave.
But keep in mind it is important to note that One@Work can be considered a benefit for employees of certain businesses rather than something available to the general public. In addition, employers must permit these benefits for the benefit to be provided.
- Loan amount: Up to 50% of your paycheck
- Processing time: Instant, may vary
Also read: Top 9 Money Saving Apps for Your Android Phones
8. Albert
Albert is an app for banking or banks that is, at its core an aid to financial help and planning app, along with banking and investment services.
The program offers a cash loan of up to $250 once you meet the eligibility requirements. You must register for direct deposit using an Albert Cash bank account (this requires obtaining your own Albert Cash Account).
Furthermore, the majority of the features offered by Albert are tied to the $14.99 month-long subscription.
- Loan amount: Up to $250
- Processing time: 2-3 days for free
9. Axos
Axos is quite different. There isn’t a loan from Axos in the same way as you’re receiving your pay just a few days earlier.
Instead, if Axos is aware that your employer has deposited your paycheck, Axos effectively lets you access the funds instantly, which reduces the amount of time and allows you to access them with greater flexibility.
You must create direct deposit through an Axos account to avail of the service. Also, you need to spend $50 to establish an account, but there aren’t any monthly charges.
- Loan amount: According to credit health
- Processing time: N/A
10. PayActiv
PayActiv is an option for you to get access to as much as 50% of your pay each pay period as you require it. There are also no costs or penalties for making use of PayActiv.
You’ll be able to access the funds you’ve spent time working for, but haven’t received the pay stub for yet. You’ll need your name, number, employer details and a proof of employment to register.
I would like to draw your interest to my attention to the Employer ID aspect of this. Your employer has to work in conjunction with PayActiv. Additionally, the employer determines the loan amount that is possible, but in contrast to PayActiv.
- Loan Amount: Up to 50% of your earned wages
- Processing time: Instant, and 2-3 days
Summing Up
Advance cash apps like Dave are still relatively new and many people are still trying to figure them out. They could be misused and lead you to an even worse situation in the event of a mistake however, they are worth considering should you find yourself in a tight situation and require a bit of cash quickly.
If you decide to pick Dave for your requirements or a different one for additional options, I’m hoping that you’ll find exactly what you’re seeking for.
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