With the growing use of technology, it has become easier to manage our finances.
you’re free to use an advanced cash app like Dave to borrow money instantly.
A cash advance is a short-term loan offered by a bank or an alternative lender.
Today, you have many cash advance apps like Dave.
Below, we have shared some of the best free cash advance smartphone apps.
How do Cash Advance Apps work?
Cash Advance is very similar to Buy Now Pay Later apps.
On Buy Now Pay Later, you purchase and pay for a product later.
However, on Cash advance, you borrow a sum for use during emergencies and pay it back later.
You might think of Cash Advance as Personal Loans, but they are different.
On Cash Advance, youre using your money; hence, the apps dont charge you interest.
However, cash Advance apps usually charge monthly fees between $1-$10 to use their services.
Here are some of the best apps like Dave to get cash advances quickly.
Chime
Chime is a financial technology company, not a bank.
It provides banking services through The Bancorp Bank or Stride Bank, N.A.
Chime differs from Dave as it doesnt offer cash advance facilities.
However, the SpotMe amount depends on the users repayment history.
Besides that, Chime also allows users to send money to friends and family members with zero transfer fees.
Download:Android,iOS
2.
Varo
Varo is one of thebest cash advance appson your phone.
Like the Dave app, this offers similar cash advance services, but the eligibility requirements are quite high.
First, a user needs to have an active account that has been active for at least 30 days.
Second, within 30 days, you should make a transaction of at least $1,000.
If your account qualifies, you could borrow up to $100 to cover your unexpected expenses.
Varo cards also provide fantastic cashback offers on selected brands.
Both Dave and Brigit share lots of similarities.
The service offers you $250 of paycheck advances and doesnt charge interest on the self.
However, the problem is that you must pay a monthly membership fee of $9.99.
Brigit automatically deposits cash into your account when its low.
The service allows you to access up to $100/day or $500/paycheck.
Overall, Earnin is an excellent cash advance app like Dave.
MoneyLion
MoneyLion is a personal finance, mobile banking, cash advances, and investing app.
Its available for Android and iOS and facilitates ent services RoarMoney and Instacash.
The Instacash provides you with up to $250 in cash advances.
However, the Branch has strict requirements for its cash advance facilities.
First, you need a salary account with two salaries from the same employer.
Second, you must have a checking account and a debit card at the supported bank.
Third, the Branch doesnt offer its services to remote workers.
Even
Even app provides the tools you should probably manage your money.
Like every other app on the list, it even lets you get paid early.
However, to use it, employment to open an account with Even for the employees.
There are no transaction fees, but you must pay the monthly membership fee.
Empower
Empower is another best app like Dave that offers features like Instant Cash Advance.
The good thing about Empower is that it doesnt have credit checks and late charges fees.
You only need a monthly membership plan that costs around $8.
Overall, Empower is an excellent Dave alternative that you might use today.
SoFi
SoFi is a one-stop app for managing your finances.
This one is slightly different from most other apps in the article.
It offers cash advance services through the SoFi credit card.
And since its the bank, the credit limit is usually very high.
However, you must have a SoFi credit card to use its services.
Axos Bank
Axos Bank is probably the best early paycheck app that comes very close to Dave regarding features.
It is a full-fledged digital banking service offering checking and saving accounts.
Axos offers many investment options, loans, personal finance management tools, and more.
11. mPokket
mPokket is a bit different than all other apps on the list.
Its not a cash advance app, but can help you get Instant Personal loans at affordable interest rates.
Signing up with the app and getting an instant personal loan is easy.
After the approval, the app transfers the cash directly to your linked bank account.
The reason we have listed mPokket is its flexible repayment options.
Also, the app rewards you for timely repayment, and the processing & loan management fee is nominal.
Download:Android
12.
Klover
Klover is a great instant cash advance app like Dave on the list.
Beem
Beem is another top-rated instant cash advance app on the list.
Its services are available in over 5,200 cities.
The Plus and Pro plans of Beem also unlock the instant cash option.
Besides the cash advance, Beem lets you file federal and state taxes for free in any region.
So, its an all-in-one app to grow your credit score and manage your financial requirements.
The membership to FloatMe only costs $2.99/month.
After getting the cash advances, you could pay bills, buy groceries, and more.
This is your regular cash advance app, where you get your money when needed.
DailyPays functionality is slightly different than that of other apps on the list.
The company partners with your employers to allow you to borrow from your check early.
Once the amount is borrowed, the amount is paid back at the end of your pay period.
