The Best Cash Advance Apps 2021

Earnin, formerly Active Hours, offers a quick way to get an advance on your next pay, devoid of paperwork or expensive fees. You can withdraw up to $100 in a single day, but the amount may increase upward up $500 depending on the per-pay-period.

The app has been downloaded over 10 million times and has an excellent rating of 4.7 out of 5 stars at the end of 2019. Most cash advance app users recommend Earnin because it neither charges interest nor fees. You can, however, can provide a tip of up to $14 as a thank you for the service. The tipping is optional, although you have to regularly tip whenever you use it to enjoy all the apps special features.

Usually, Earnin funds hit your bank account within 24 hours of request on a weekday, but if you link a debit card to the app, you activate the Earnin Lightning Speed that ensures you receive the money within minutes of your request.

For those who frequently tip the app, you open up its Balance Shield feature, which automatically deposits $100 whenever your bank balance dips below $100 to protect you from bank overdraft fees. In some cases, Earnin integrates with the employer’s time tracking system. For example, it combines with Brink, Deputy, Nimble Schedule, Tsheets, Uber, uAttend, WebPunchClock, and When I Work systems.

Earnins Requirements

• Must be employed.
• Must provide a physical location of employment or provide an electronic time management system.
• Must be paid via direct deposit.
• Must have a checking account at a supported bank to enable Earnin to debit the amount you cashed.

Dave app is a dollar-monthly based subscription cash advance service. Members receive alerts to take a cash advance whenever their bank balance sink low. The notification help a customer avoid bank overdraft fees. You can access up to $100 of your paycheck with 0% annual percentage rate (APR) without any fees other than the $1 Dave community membership subscription.

Dave App Eligibility Requirements

• Must have a steady paycheck.
• Must be paid through direct deposit like a checking account.
• Must prove you can afford to repay the cash advance.

Dave app has two funding options, standard and express. You don’t pay anything for the standard option, but the funds may take up to 72 hours to process. However, for emergency funds, you can go with the express option which requires you to give a small tip (an amount it doesn’t specify).

To help you manage your finances, Dave has a budgeting tool that analyzes your bank account transactions to generate a draft budget. You can manually edit this draft by adding or deleting items to make a final statement that accurately represents your current expenses.

Dave, like most cash short-term loans, doesn’t check your credit history but also it doesn’t report your credit activities to credit bureaus. If used well, you can save up to $500 a year, much of which bank overdraft fees or interest on alternative ways of accessing short term credits would have consumed. Further, the app can link your to side gigs in your area to increase your income.

By tipping Dave app, you help provide sustainable food, livestock, and support humanitarian efforts that the company is engaged in its non-profit program Trees for the Future.

Unlike Earnin and Dave, MoneyLion offers more than just cash advance services. In a nutshell, it is a personal finance app that offers small-dollar loans with free cash advance loans of up to $250. Plus, it offers a no-fee checking account and loans of up to $500 with an APR ranging between 5.99% and 29.99% %.

MoneyLion is an excellent option for you if you always find yourself needing a short-term loan. It can help you build your credit and qualify for quality long-term credit products in the market.

When you request the payroll advance, MoneyLion instantly deposits it into your checking account with them. While this option is free, you won’t access the credit-builder loans nor earn its cashback rewards and gift cards until you become a Plus Member that requires you to pay a monthly subscription fee of $19.99 and deposit $50 deposit into an investment account.

Eligibility Requirements

With a rating of 4.6 on the App Store, MoneyLion is standout cash advance app.

• Must have a checking account with them.
• Must have a stable income
• Must have funds direct deposited to your MoneyLion Checking account or your linked bank account.

Over one million people use the Brigit app to access interest free instant cash advance of up to $250. The provider does not do credit checks. To be use the app, you need to pay a monthly subscription fee of $9.99.

The monthly subscription is not in vain as it comes with numerous perks. You can monitor your spending habits and keep tabs on your impending bills by automating cash advances with free instant transfers. Besides, it offers free extensions if you need a little longer to settle what you cashed out.

Brigit Eligibility Criteria

You qualify regardless of your credit status, but users must:

• Recurring income from a single source
• Link an individual checking account that is 60 days old.
• Receive direct deposits to the linked account.

Brigit app monitors your expenditures and predict if your balance will cover the upcoming expenses or not, and notify you. With its Auto Advances, you don’t suffer bank overdrafts as it tops up your balance before an expense due date.