Cash advance apps like Earnin can be used if you need a small loan to tide you over until your next paycheck. It can be difficult to decide which option to take. Before making a decision, it is important to research each option carefully.
The Earnin app is used by many people who are strapped for cash. It doesn’t have hidden fees or require a subscription, which is one reason it’s so appealing to users. It’s easy to navigate and very user friendly. Earnin limits the amount of money you can borrow to $100 per day, which may not be enough to cover your expenses. It is in place to make sure that the user only borrows what they can comfortably afford to repay.
There are many apps for quick access to extra cash. It’s a great option for people who need money quickly and don’t want to be tied down to a long-term loan. Here, I’ll share some of the best cash advance apps, like Earnin, that can get you a cash or paycheck advance. It is important to understand the terms and conditions before you sign up for one. It’s important to compare the options to find out which is best for you.
Continue reading for my top 11 choices of the best cash advance apps to help you choose the right one for your financial needs. You can use these apps to manage your finances more efficiently.
11 Apps Like Earnin for Small Cash Advances
1. Albert
Albert is an all-in-one financial app. You can get a fee-free cash advance up to $250, but it’s more than that. You can access the service from anywhere in the world. Albert gives you the ability to manage your money with banking, budgeting, saving, and investing features.
There are no fees or interest on cash advances if you use the Albert app. The Albert app makes it easy to access your money.
It also includes two useful features—a Smart Savings tool that analyzes your spending and sets aside money to help you reach your financial goals, and an Albert Cash account with early direct deposit and rewards. Automatic savings transfers and spending alert are some of the services it offers. Investment accounts and Albert Savings are insured by SIPC. Albert’s money is safe and secure.
Albert Genius is an optional premium plan that offers personal financial advice from real-life “geniuses,” an investment account, and access to 55,000+ fee-free ATMs. Albert Genius has a personalized budgeting feature that helps you stay on top of your finances. The minimum monthly cost for Genius is $8. The system allows users to pay according to their ability to pay.
Pros:
- Up to $250 fee-free cash advances
- No membership fee or interest for cash advances
- Get your paycheck two days early with Albert Cash
- Can be used as an all-in-one banking platform
Cons:
- Customer service can be difficult to reach
- Poor online reviews
2. Chime
Chime is a digital finance company that provides banking features, including a checking account, a credit-building credit card, and a high-yield savings account.
Chime provides overdraft protection through its SpotMe program. SpotMe will cover you up to $200 if you go over on your spending account. SpotMe can help you manage your finances and keep you on track.
SpotMe is free for Chime accountholders. SpotMe can be used to get financial help during times of financial difficulty. After making timely repayments, limits will increase to $200 for new users. INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals INRDeals You must have at least $200 in your account every month to be eligible for SpotMe.
Pros:
- Offers multiple banking features
- Access direct deposits two days early
- Covers up to $200 in overdrafts
- No membership fees, overdraft fees, or tips
Cons:
- Only available to Chime users with direct deposit
- Has a low starting limit of $20
3. MoneyLion
Similar to Albert, MoneyLion is a personal finance app that offers useful banking tools, including a Users can get early access to direct deposit paychecks. The account allows users to conveniently manage their finances and gain insight into their spending habits.
There is a $19.99 monthly fee for its Credit Builder Plus program. Members of the Credit Builder Plus program have access to free financial education resources. MoneyLion will help you improve your credit score by reporting your payments to the major credit bureaus. MoneyLion can help you build credit and improve your finances.
MoneyLion’s There is a feature for cash advances up to $500. It is possible to get cash quickly without paying interest or fees. Standard delivery can arrive between 24 hours and five business days, but it takes longer for delivery for an account outside of MoneyLion. There is an additional fee for express delivery. You can get quick cash within minutes up to four hours, but the fee is higher for external accounts. If the fees for turbo delivery become too expensive, use a traditional bank transfer.
To be eligible, you need to have an active linked checking account that has been open for at least two months and has a positive balance. You can get approved in as little as 15 minutes, thanks to the quick and easy application process.
Pros:
- No interest on your advance
- Has all the functionality of a mobile banking app
- $1,000 cash advance limit for those that use Moneylion’s products
Cons:
- Partial payment withdrawals until your repayment is complete
- $1 monthly membership fee
4. Varo
Varo is a digital bank that offers banking features similar to Chime, including a debit card, a high-yield savings account, a large ATM network, and cash advances.
Depending on the size of your advance, there is a fee ranging from $3 to $5. You can get the money you need quickly with Varo Advance. Advances of $20 and under are free. The Varo account should have at least $1,000 in direct deposits within the past month if you have an active Varo card. You should have been a member of Varo Bank for at least two months.
You will receive a $20 advance once you have qualified for Varo Advance. You can get your money when you need it with Varo Advance. You will earn larger advances if you pay it back on time. Failure to pay back the advance on time will likely result in a denial of future loan requests.
Varo gives you between 15 and 30 days to pay back your advance instead of automatically withdrawing it on your next paycheck. Varo’s payment system is designed to help you budget and manage your finances more effectively, giving you the chance to pay back your advance over time.
Pros:
- Fifteen to 30 days to repay your advance
- No monthly fees
- Early access to your paycheck with a Varo account
Cons:
- Fees for each advance over $20
- Maximum $100 advance may not be enough to cover your expenses
5. Cleo
You are getting more than a money management tool, you are getting a money savvy friend to whip your finances into shape. Financial advice from Cleo will help you reach your money goals. The funny and motivating messages of Cleo are used to manage spending and saving. She’s always ready to remind you to stay on top of your finances. When you make good financial decisions, Cleo will hype you up. She will make sure that your financial goals are being met.
Cash advances allow users to borrow small amounts of money. There is a cash advance limit for first-time borrowers. Over time, this limit may be increased based on payment history. Your limit will increase up to $100 if you show that you can make timely repayments. You will be able to borrow more money and have access to credit whenever you need it.
The feature comes with no interest, no impact on your credit score, and you can choose a repayment date between three days and two weeks. It is only available if you subscribe to the Cleo Plus plan at $5.99 per month or the Cleo Builder plan at $14.99. You can try it out for 30days before committing to a plan.
Pros:
- Cashback rewards with the premium plan
- Savings and budgeting assistance
- Gig or freelance workers qualify
Cons:
- Monthly subscription required for $5.99 or $14.99
- $100 maximum limit
- Only available to iPhone users
6. Brigit
Users can get budgeting help, spending insights, and “Instant Cash” cash advances of up to $250. Users can get access to their money within minutes if they sign up.
With Brigit’s You can receive your advance in two to three business days for free, or pay a small fee for Express Delivery which arrives in minutes. You can apply for a cash advance from your home. It doesn’t require a credit check, late fees, or request a tip. It’s an attractive option for people who aren’t eligible for more traditional forms of credit. You can avoid costly overdraft fees if you transfer up to $250 to your account. This advance can be used to pay bills or make purchases, and it’s automatically repaid from your bank account when your paycheck is deposited.
If you are a subscriber to the Plus plan, this service is only available. You will not be able to take advantage of this service if you are not subscribed to the Plus plan. The Plus plan comes with additional financial support services, such as a Tracking of spending habits and identity theft protection are included in the Credit Builder credit card. This credit card can help you build your credit score and give you peace of mind that your finances are protected.
You can choose between a repayment plan of between $1 and $50 per month for a 24 month term or between $1 and $50 per month for a 12 month term. Paying to the major credit bureaus will help you build your credit. Budgeting tools and access to emergency funds are included in the reporting of payments.
Pros:
- Covers up to $1 million in identity theft protection
- No interest, fees, or tipping
- Offers credit builder loans with easy payment plans
Cons:
- Brigit will need access to your bank account
- Required monthly membership fee of $9.99 for cash advances
7. Dave
Another app similar to Earnin is Dave, one of the most popular cash advance apps. Dave’s ExtraCash offers a cash advance of up to $500. It’s quick and easy to get the cash you need. Even if you have bad credit, this app is still available to you. The application process is quick and easy, so you don’t have to worry about delays.
The standard transfer can take one to three business days, or the express option can take minutes up to a couple of hours. If time is of the essence, the express option is your best bet. The fees for the express option start at $2.49.
Dave stands out because of its partnership with LevelCredit, which reports your rent payments to the major credit bureaus, which will help you build your credit score as long as you make payments on time.
If your account balance is low, Dave will send you an alert.
Dave has a $1 monthly membership fee, which gives you access to features such as budgeting tools, low balance alert, and savings goal setting. An extra layer of security is provided by the membership fee.
Pros:
- No late fees
- Helps with a side hustle job search
- Features a budgeting tool that creates a personalized plan for you
Cons:
- Access requires a $1 monthly subscription fee
- Standard transfers take up to 3 business days
- Express turnaround fees range from $2.49 to $5.99
8. Possible Finance
Possible Finance offers small loans with high interest rates through its mobile app. Financial education resources are provided by Possible Finance to help borrowers understand their loan options. You can still get a loan of up to $500 if you have bad credit. In order to qualify for the loan, you may have to provide a guarantor or put up some kind of security.
Unlike Earnin, which requires repayment from your next paycheck, Possible Finance breaks it up into four payments. Fees for late payment will not be charged by Possible Finance, making it more affordable for those who need it the most. If you need a one-time loan, Possible Finance is a good option because it does not require a subscription or monthly fee. Funds can be deposited to your bank account as soon as the next business day with Possible Finance.
Depending on your state, Possible Finance’s high loanAPRs range from 150% to 249%. It is important to be aware of the costs associated with using Possible Finance before signing up for a loan.
Possible Finance is only available in the following states: Alabama, California, Delaware, Florida, Idaho, Indiana, Iowa, Kansas, Kentucky, Louisiana, Michigan, Mississippi, Missouri, Ohio, Oklahoma, Rhode Island, South Carolina, Tennessee, Texas, Utah, and Washington. In the near future, Possible Finance will expand its services to more states.
Pros:
- No subscription or monthly fee
- Repayments spread out over two months
Cons:
- High APRs
- Not available in all states
9. Empower
Helping clients improve their credit is what Empower is all about. The goal of Empower is to get clients on the path to financial freedom. You can get a cash advance of up to $250 with no late fees and no credit check with Empower. As long as you repay the next time you are paid, there are no interest charges. You won’t find a more convenient way to get cash.
Funds can be deposited into or transferred to an external bank account from an Empower debit card account. You can manage your finances with the Empower debit card. overdraft fee protection, early paycheck access, and cashback of up to 10% are some of the helpful features of the Empower debit card account. It’s free to open and maintain, so it’s a great choice for frequent travelers.
You will need a monthly subscription to access Empower’s money management tools. unlimited financial advice from experts is included in the subscription fee. After the 14-day free trial, the subscription costs $8 per month.
Pros:
- No late fees or interest
- Debit card compatible with Apple Pay, Google Pay, and Samsung Pay
Cons:
- Empower monthly subscription ($8) required
- Only mobile-based (no web access)
10. PayActiv
PayActiv can be used by your employer as a benefit to their employees. PayActiv requires employers to register before their employees can access it. Once PayActiv is linked with your employer, the app will give you access to $500 of your earnings, with direct deposit, up to $1,000. You can use the funds to pay your bills or groceries.
You can transfer money from your bank account to your PayActiv Visa card. You can use your earnings to purchase items from PayActiv’s Marketplace or make payments with their Bill Pay service. PayActiv will deduct what you borrowed when your next direct deposit arrives. PayActiv will deduct a small fee for the service at the same time. Automatic contributions to your savings are one of the financial services provided by this app.
Pros:
- Helps both salaried and hourly employees
- Access up to $1,000 of your paycheck with direct deposit
- Highly rated app
Cons:
- Needs be offered by your employer for access to earned wages
- Possible $5 fee if you don’t have direct depost
11. Vola
Cash advances of up to $300 are provided by Vola, and you can get money within 5 hours. Cash advances from Vola are an easy way to access funds quickly. You don’t have to have regular direct deposits to be eligible for a cash advance. You can apply with your bank statement to get the funds you need. If your account has regular activity and an average balance of at least $150, you should be able to.
Vola appears to have one of the most straightforward cash advance processes, but you have to enroll in a monthly plan. To qualify for a Vola cash advance, you must have an active checking account. Fee information is hard to find on Vola’s website.
The Vola Score is a unique feature of Vola and can range from 0 to 100. Your Vola Score can be used to make informed decisions about where to invest your money. As your score increases, you can get larger cash advances and lower subscription fees.
Pros:
- Quick turnaround time
- Easy qualifications
Cons:
- Monthly fee required
- Website lacks information about its monthly plans
What is Earnin and How Does it Work?
Earnin is a digital finance app that gives you part of your upcoming paycheck before payday. It isn’t a lender and doesn’t offer personal loans, instead it allows employees to access their own money and repay it out of their next paycheck. The service helps employees bridge cash-flow gaps and avoid taking out expensive payday loans.
Cash Out with Earnin
You can request a cash advance from your paycheck to your linked bank account with Earnin. You can use this feature to take control of your finances and avoid expensive overdraft fees. You can request a daily max of up to $100 per day, or a pay period max of up to $500 for ongoing users with a good repayment history.
It takes one to two business days for Earnin’s standard speed transfer. You can get your money in minutes with the instant transfer option. Money can be sent in minutes. The service is free with some banks, but DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch DropCatch
Once your next paycheck comes in, the loan amount is repaid from the same account that you deposited it into. The loan repayment process is hassle-free because of this. No interest fees will accrue on your paycheck advance; however, you can leave a tip for using Earnin’s services. It is possible to access your earned wages without waiting for a paycheck.
Earnin Eligibility
There are a few things you need to do in order to use the Earnin app. You must:
- Direct deposit is the way to be an employee. Direct deposit is a convenient and secure way to access your money.
- Have at least 50% of your total income must direct deposit to your checking account
- Have a consistent pay schedule (weekly, bi-weekly, or monthly)
- Work in a fixed location
- Provide a timesheet (either an electronic, paper printout, or PDF-style)
The Earnin app doesn’t support remote workers. The Earnin team is working on a solution to support remote workers.
Pros:
- Low balance alerts to help you avoid overdraft fees
- No interest on your advance
- No transfer fees (unless you opt for express delivery)
Cons:
- App must be able to access your bank account
- Strict eligibility requirements
- Low advance limits
What Are Cash Advance Apps?
Cash advance apps can be used for unexpected expenses or financial emergencies. They can be used to pay medical bills, car repairs, groceries, and rent. It is possible to borrow money on a short-term basis. It is important to understand the terms of the loan before taking out a short-term loan.
You need an active checking account and evidence of recurring direct deposits to be eligible for cash advance apps. Before being approved for a cash advance, you may need to provide proof of your income and identity. Once approved, funds are deposited into your bank account. The process usually takes a few days to complete.
Albert, Dave, and Earnin are popular options. Without having to take out a loan, these services provide a convenient way to cover short-term financial needs. Before you sign up, review the app’s terms and conditions, read reviews, and compare your options. If you need additional guidance in making your decision, be sure to discuss your options with an expert. Make sure it accommodates the advance limit you expect, and decide on the most important features.
Tips for Choosing a Cash Advance App Like Earnin
Depending on your financial situation, there may be specific features you are looking for in a cash advance app. Some of the most significant cash advance app features are listed below.
Cash Advance Limits
How much will you need to cover your expenses? Make sure to create a budget plan once you have calculated the amount. Cash advance limits can range from $100 to $1,000. Depending on the card issuer and the type of card being used, the amount of cash advance limit may be different. You have to show that you can repay your loan on time before you can borrow the maximum amount.
Customer Service Availability
As these apps are primarily mobile-based, you will want to consider the level of customer support offered, including availability, how they can be reached, and response time. Customer service should be part of the decision-making process when selecting a mobile app. There are reviews posted on Trustpilot and Better Business Bureau. These reviews can help you decide which app to use.
Eligibility Requirements
Every provider has a set of eligibility requirements that need to be met to get a cash advance. Proof of income and a valid form of photo identification are included in the requirements. You need to be at least 18 years old to qualify. Proof of your age is required in order to be eligible. Other qualifications can include:
- Proof of employment
- Level of income
- Direct deposit set-up with your account
- Frequency of your direct deposits
- Active bank account that’s been open for a certain amount of time
- Credit score
Possible Finance is only available in a few states. More states may soon have access to Possible Finance’s cash advance app.
Fees and Interest
Fees associated with cash advances can vary from company to company. Before you make a decision, it is important to understand the fees and repayment terms associated with a cash advance. Monthly subscription fees, transaction fees, interest charges, late fees, or delivery fees are some of the common fees with cash advance apps. To understand all applicable fees associated with using their services, it is important to read the terms and conditions of any cash advance app carefully. If a particular cash advance app is worth it, you should consider these potential expenses. It is important to read the terms and conditions associated with each cash advance app as some may come with additional fees or restrictions.
Financial Tools
Some cash advance apps are more than just advances. They can help you stay on track with your finances. You can manage your financial accounts from one location with Chime and Varo. You can use these services to budget and save money. If you enroll in a credit card account, it will help you build up your credit score. Tools for budgeting, saving, and cash back rewards can be found in other apps. You can make the most of your money with these features.
Turnaround Time
Chances are, if you are in a pinch for cash, you want it as soon as possible. You can get money quickly by selling items you no longer use. Look at the app’s turn around time. When making a decision on which app to use, it’s important to consider the turn around time. Some can transfer in a few hours, while others can take up to five days. The time frame for a transfer depends on the method used. The fee for express delivery can arrive in your account within minutes. The fee for express delivery is usually based on the amount you are sending. These fees are usually taken out of your account at the same time as repayment, so you want to make sure that you can pay it all back when the time comes. Understand the terms and conditions of your loan agreement so you can plan accordingly.
Frequently Asked Questions
Why are cash advance apps like Earnin better than payday loans?
Cash advance apps are similar to payday loans in that they allow you to quickly borrow money for the short-term, usually without a credit check. It’s a better option for those in need of emergency funds if Earnin doesn’t charge fees or interest.
They have different interest rates. People choose to take out loans from one lender over another because of the interest rates. It can be hard for some to repay a high-interest loan. It is important to consider the financial consequences of taking out a loan. You could be trapped in a cycle of debt if you take out multiple payday loans. If the loan is not paid back on time, it can lead to serious financial consequences. Cash advance apps don’t have high-interest rates and limit how much you can borrow at a time, making it easier to repay and improve your financial stability in the long term. Cash advance apps provide a safe, responsible way to access capital when you need it, without getting into debt or jeopardizing your credit score.
How quickly will I get my money with a cash advance app like Earnin?
Cash advance apps vary in how quickly you can get funds. It’s important to read the terms and conditions of each provider before you sign up. You will need to factor in how long it takes to apply and be approved, as well as how long your particular app guarantees delivery. Don’t forget to check if the app requires you to sign up for an account before placing your order. Cash advances can transfer to your account within minutes, in some cases as long as five business days. It can come with a small fee for express delivery. If you are willing to pay the fee, express delivery is a great option for those who need their order quickly.
What apps let me borrow money instantly?
You can transfer money to your bank account with some apps. These apps can be used to access quick, affordable capital without having to take out a loan. There is a fee for fast delivery, but the upside is that it can get you in minutes.
Bottom Line
Life is unpredictable. It’s possible that you’re faced with an emergency or that you’re struggling to make ends meet. It is important to remember that you are not alone and that help is available if you need it. It can be a relief to have access to your paycheck early. It is possible to alleviate the financial burden of unexpected expenses.
When you need quick, extra cash, the cash advance apps listed here can be helpful. When you need quick cash, these cash advance apps can provide assistance with minimal fees, helping to make them a cost-effective solution. Many apps work the same, but some may come with different fees or requirements. It’s important to compare and research different options before making a decision.
Do your homework when considering an app like Earnin. Researching and comparing the different features of similar apps can help you make an informed decision about the best choice for your budget. Make yourself aware of all the fees by reading online reviews. Do your homework to make sure you get the best deal for your purchase. You can improve your financial situation by choosing the best option. You can make an informed decision if you compare and analyze your options.
