Apps Like Dave: 5 Dave Alternatives For Small Cash Advances!

Apps Like Dave

Features such as early pay, cash advances, overdraft alerts, and budgeting aids have made the Dave app popular. Here are seven alternatives to Dave that also provide short-term loans for small amounts of money.

Is There Anything Like Dave Out There?

There are a lot of people who want to know things like, “What apps will let me borrow money instantly?” I’m desperate for cash, so I’m wondering what kind of software can provide it. Here are eight of the greatest payday advance applications that consumers may use right now to acquire quick cash in addition to Dave.

1. Chime

Apps Like Dave

SpotMe is Chime’s no-cost overdraft program. SpotMe has a minimum payout of $20 and a maximum payout of $200 for users who match certain requirements related to their account history and activity.

SpotMe members should just have a valid Chime debit card and have received at least $200 in direct deposit during the last 34 days to join. As long as the conditions are followed, consumers will have access to an interest-free overdraft within their predetermined limits. Whenever a user makes a deposit, regardless of whether it is positive or negative, the negative balance will be refunded.

Being paid up to two days early is just one more way in which Chime excels. A user is eligible if they have a direct deposit set up.

Pros

  • There are no hidden costs.
  • Paid early by two days
  • Loans for up to $200 are available.

Cons

  • Depends on how much you use it.
  • Direct deposit and a functional debit card are prerequisites.
CASH ADVANCE PAYCHECK STANDARD FEES
Up to $200 Up to two days early None

2. Earnin

Apps Like Dave

There is nothing else like Earnin on our list because it gives its consumers access to their hard-earned money before their next payday. Based on the user’s progression through the pay period, the app determines what fraction of the user’s total earnings can be cashed out.

Let’s imagine a user is paid once per month and it is now halfway through the month. Wages are available for pick up early if desired. Some limitations are, nonetheless, inherent. Early withdrawals are limited to a maximum of $500 every pay period, with a daily cap of $100.

Withdrawals typically take between 2 and 3 business days. It’s important to note that users’ ability to receive funds at “Lightning Speed” will rely on their primary financial institution. Members should be informed that fees may be assessed for withdrawals processed in less than 30 minutes.

There is also a choice to receive one’s paycheck two days early if the user chooses not to use this service. Earnin does not automatically charge its users for anything, but those who get services have the option of leaving tips.

Pros

  • There are no hidden costs.
  • Paycheck arrives early by two days
  • Loans for up to $500 are available.

Cons

  • Faster-than-light transfers may incur additional fees from your bank.
  • Exclusively for the American people.
CASH ADVANCE PAYCHECK STANDARD FEES
Up to $500 Up to two days early None

Also Read: How To Earn Money On Instagram? 6 Ways To Start Earning Today! [Full Guide]

3. MoneyLion

Apps Like Dave

If you need cash quickly, MoneyLion’s Instacash service may be able to help you out, with cash advances of up to $250 available to you in as little as 30 minutes. Customers who link their account with a bank account automatically qualify. Members can initially request a cash advance of up to $50; however, once MoneyLion has verified a user’s regular monthly income, that amount will grow.

MoneyLion’s InstaCash service does not influence customers’ credit scores and is free of charge. If the money is needed immediately, however, a “Turbo Fee” will be assessed. A RoarMoney account can have funds transferred to another account within 12 to 48 hours, while a traditional bank account can take 3 to 5 business days. Instant cash advances have a maximum fee of $5.99 for RoarMoney accounts and a maximum fee of $7.99 for all other cards and accounts.

By setting up a RoarMoney account and linking direct deposit, MoneyLion members can receive their paychecks two days early.

Pros

  • Standard shipping is always free.
  • Paycheck arrives early by two days
  • Advances in cash amounting to $250 are available.

Cons

  • Instantaneous cash advances incur “turbo fees.”
  • The impact on credit ratings is nil.
CASH ADVANCE PAYCHECK STANDARD FEES
Up to $250 Up to two days early None

4. Varo

Apps Like Dave

Although Varo’s standards for receiving a cash advance are stricter, it provides the same service. To use the Varo Advance service, your account must be at least 30 days old. A Varo debit card and a Varo bank account must both be in operation, and at least $1,000 must have been deposited into the latter in the preceding 30 days.

If a Varo member needs a cash advance and the amount they need is $20 or less, there are no fees associated with the loan. Varo has a cap of $100 for cash advances.

When consumers set up direct deposit with Varo, they can also take advantage of the service’s two-day early paycheck. Earlier receipt of tax refunds is also included in this perk.

Pros

  • Advances of less than $20 are free of charge.
  • Paycheck arrives early by two days

Cons

  • Costs are shown as a high percentage
  • Cash advance limits that are too low
CASH ADVANCE PAYCHECK STANDARD FEES
Up to $100 Up to two days early $0 – $5

Also Read: Credit Card Hacks 2022: Tips & Trick to Make Money Using Credit Cards! [Complete Information]

5. Albert

Apps Like Dave

If you need cash, Albert will lend you up to $250 with no interest or fines for being late. Once the user is paid, the negative sum will be subtracted from subsequent paychecks. Users can get cash advances without upgrading to a paid tier of Albert.

The $4.99 cost for immediate cash withdrawal is a drawback, though. It could take up to three business days for a cash transaction to reach a customer’s account if no other action is taken.

Cash advances have no effect on credit scores and employees can get their salaries two days early.

Pros

  • Standard shipping is always free.
  • Paycheck arrives early by two days
  • Advances in cash amounting to $250 are available.
  • The impact on credit ratings is nil.

Cons

  • Instantaneous cash advances cost $4.99
CASH ADVANCE PAYCHECK STANDARD FEES
Up to $250 Up to two days early None

Conclusion

Getting a cash advance without having to pay interest is a great option. However, users should use Dave-type apps for financial advances only in extreme cases. There is a correlation between the misuse of cash advance services and the development of poor financial habits and the consequent accumulation of high-interest costs.

Total
0
Shares
Previous Article
Apartment Hacks

Apartment Hacks: 11 Effortless Apartment Hacks You Can't Live Without!

Next Article
Mobdro

Mobdro: Everything You Need To Know About Mobdro And Its Alternatives!

Related Posts