Best Free Cash Advance Apps 2024 : Apps Let You Borrow Money Instantly
Best Free Cash Advance Apps : Apps Let You Borrow Money Instantly. Apps that can help you make it to payday. Whether you need a short-term loan with a low-interest rate or help managing your funds, these apps can help you stay afloat until payday.
Best Cash Advance Apps and Borrow Money Apps
- Dave
- Brigit
- Earnin
- Current.
- MoneyLion.
- Chime.
- Wealthfront Cash Account.
- Empower.
- Axos Bank — Direct Deposit Express.
- DailyPay
- PayActiv
- FlexWage
- Rainy Day Lending.
- LoanSolo.
- PockBox.
Dave is one of the most popular apps for paycheck advances and budgeting assistance, but it is hardly the only one. There are several apps that also offer similar functionality, often with slightly different features and terms.
Without any emergency savings to fall back on, an unexpected issue such as a flat tire could derail your carefully laid spending plans. If you aren’t able to make it an entire two weeks until your next paycheck, you might be tempted to take out a payday loan or throw that expense on a credit card. But those solutions will lead to more long-term financial trouble with high interest rates that have the potential to spiral out of control.
1. Dave- Cash Advance
If overdraft fees are cutting into your budget, Dave can help. When you connect your bank account to Dave, the app will look for potential overdrafts on the horizon. With a warning from Dave, you’ll have the opportunity to move funds around to avoid an overdraft fee.
Cash Advance Apps Like Dave or Dave App alternatives for Cash Advance
1. Earnin
Earnin is an app that allows you to borrow against your next paycheck quickly without any fees or interest payments attached. If you have a job in which your paycheck is deposited into your bank account, Earnin can help you. After you sign up for the app, Earnin will connect to your bank account to verify your payment schedule.
As it confirms your payment schedule, it will also determine your average take-home hourly pay. Once the app has an idea of what you earn on an hourly basis, it will keep track of the money you earn while you are at work each day. The app will track your hours based on your phone’s GPS or you can upload your timesheet for the most accurate representation of your hours.
2. Chime
Chime is an app that is associated with Chime’s Spending Account. With the help of this app, you can receive your paycheck up to two days faster. The app will alert you when you make a transaction and provide an updated account balance. If you notice a transaction you didn’t authorize, you can immediately disable your debit card with one touch.
3. Current
Current is a checking account offered only through a mobile app. The app’s goal is to help you spend less money on fees and find ways to manage your spending more effectively. With this account, you’ll be able to get paid up to two days faster. That feature can help you stay afloat financially by receiving your paycheck earlier. Additionally, you’ll have the ability to overdraft your account up to $100 for free.
4. Brigit
Brigit is another app that helps manage your budget and offers cash advances to stretch your funds between paychecks. In order to work with Brigit, you’ll need to connect a checking account with an active history for at least 60 days. Additionally, the checking account must have a positive balance and a record of at least three direct deposits from your employer. After your account is set up, you’ll be able to request a cash advance on your upcoming paycheck. Depending on your income, you might qualify for a cash advance up to $250.
5. MoneyLion
MoneyLion is another option that could help you stretch your funds between paydays. The platform helps you receive your paycheck two days early and provides access to small loans with no interest attached.
6. Axos Bank — Direct Deposit Express
When you have the Essential Checking account from Axos Bank, it comes with a feature called Direct Deposit Express. With Direct Deposit Express, you can access your money up to two days early when your paycheck is deposited.
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