Written by Grace Green
In Cash Advance
On August 23, 2022
The best apps like Dave for cash advances in 2022.
Picture the scene: you're all set to make it to payday. And then your car breaks down. Or some other unexpected expense.
This is where a money app like Dave comes in. Or just a random helpful guy named Dave?
Dave and other cash advance apps can be great in situations like this because of their interest-free cash advance feature.
And while comparing cash advance apps in minute detail might be fun for some (it’s me, I literally write blogs for a money app for a living <3), it isn’t fun for everyone.
💞 So to spice things up, we’re adding a dating show element and making a baseless assessment of whether these apps would like Dave in a dating situation. Enjoy! 💞
Here’s the rundown on everything Dave offers:
💰 Dave offers up to a $500 cash advance. (But in the help center it mentions you’ll most likely get $250 your first few times).
⏱️ The advance takes three days to arrive, or 8 hours if you opt to pay an express fee.
Dave is a recognized cash advance service. On their website, they state the security measures they take to keep your data safe. These include:
🔒 Never storing your online banking credentials on-app.
🔒 Encrypting your password, social security number, and other sensitive data.
💲 Dave’s subscription fee is $1 a month. You can also leave an optional tip.
🔴 To qualify for Dave you have to have at least $1,000 worth of income a month deposited into your account. Dave will also check your income history and spending patterns to determine how much you qualify for.
So despite how popular Dave is, it might not be exactly right for you.
This is especially true if you’re a gig-worker or not bringing in $1,000 a month. That’s why we’ve compared five alternative cash apps like Dave.
Chime offers a fee-free overdraft service called SpotMe for its customers.
💰 First -time users can claim up to $20 via SpotMe, with the limit increasing to $200 once you meet certain criteria concerning account history and activity. The negative balance is then automatically repaid from your next deposit.
💲 SpotMe charges no additional fees. Just bear in mind that this is an overdraft service, so you don’t actually get cash into your account as with other cash advances.
🔴 To qualify for SpotMe, members need to have received at least $200 through direct deposit in the 34 days prior and have an active Chime debit card.
⏱️ So while SpotMe is an instant service, you need to have already set up a Chime bank account as well as a Chime debit card beforehand to access it.
The date goes well. Chime likes Dave. Unfortunately, Dave does not like Chime, because Chime has less than $1,000 in their account. Wtf, Dave!
💰 Earnin has a unique money lending system. It tracks the number of hours you have worked and allows you to access money according to your earnings. This starts at $100 initially, and goes up to $500 after time. You then repay this on your next payday.
⏱️ The money takes 1-2 business days to arrive.
💲 Earnin uses a voluntary tip model, so no fees.
🔴 To qualify for Earnin, you must be employed in a physical location or have an electronic time management system.
💰 With Albert, you can get a cash advance of up to $250.
⏱️ You can access your advance instantly for a fee, and it takes up to 3 days otherwise.
💲 There are no fees to access cash instantly if you advance it to an Albert Cash account. Instant advances to an external account will pay a small fee. There are no late fees either. Rock on, Albert.
🔴 To qualify for Albert, your connected bank account has to have been open for at least 2 months and have a balance greater than $0 (so no negative balance).
You must’ve received income twice in the past two months from the same employer (sorry freelancers).
Finally, your recent paycheck must have been received on time and have funds still available 24 hours after your payday.
The date starts out great, until Albert makes a comment about freelancing in graphic design not being a “real” job. Dave is a cute little hipster bear, he’s not there for that. It kills the vibe.
💰 Brigit offers a cash advance of up to $250.
⏱️ The money arrives on the same day if you apply before 10 am EST. Otherwise, it’ll be the next business day.
💲 To access the cash advance, you have to sign up for Brigit’s paid plan, which is $9.99 a month.
🔴 To qualify, you need a checking account with a positive balance that’s been active for at least 60 days, at least three recurring direct deposits from the same employer and a history of maintaining a positive balance around payday.
Arriving on time is a huge thing to Brigit, and Dave messages to say he’s going to take ~literally~ 8 hours to arrive. Brigit has better things to do, baby.
Still have questions? Find answers below.