If you are looking to settle a bill or an urgent issue but your paycheck day is still far, using cash advance loans can be a good alternative.
This is because their quick funding feature offers a halfway solution to the problem.
For this reason, I have compiled a list of the best cash advance apps to help you.
Research shows that more than 40% of Americans cannot make ends meet. Usually, there’s always something to settle before the paycheck day, so people go for alternatives like paycheck advance apps.
Cash advance apps help you make it from one payday to the next by giving you access to your paycheck earlier than usual or granting you cash advances to pay back when you receive your paycheck.
This way, if you need an urgent fund to take care of rent or the car, you can cover it without paying high interest or fees.
Ensure the dog isn’t uncomfortable before reading to know the best cash advance apps available.
Before that, take a look at the table of contents.
Table of contents
What Are Cash Advance Apps?
Cash advance apps allow you to receive a short-term loan that can be of use until you receive your paycheck. It’s a service provided by most credit cards and charge card issuers that allow their cardholders to withdraw cash up to a specific limit.
Generally, these apps are free or charge a small fee, but they don’t charge interest on the loan. This makes them attractive to borrowers because they offer fast approval and funding.
These paycheck advance apps are an inexpensive alternative to payday loans or credit cards as they help you solve your cash flow issues and handle emergencies when they pop up.
Now that you understand what cashback apps are let’s look at some of the best cash advance apps below.
What Cash Advance Apps Work with Varo?
Several cash advance apps work with Varo. Cleo – a new financial assistant that helps Gen Z’s save and budget works with Varo.
Other cash advance apps that work with Varo include Moneylion, Dave, Alber, Klover, and Empower.
Interestingly, you can also get cash advances directly in your bank account with the Varo Bank app. To get this rare offer from Varo Advance, you must qualify.
What Are The Best Cash Advance Apps?
Here are some of the best cash advance apps that can allow you to withdraw up to $100 before your paycheck day.
List of cash advance apps
- Empower
- MoneyLion
- Earnin
- Dave
- Brigit
- Varo
- Chime
- PayActiv
- DailyPay
- Branch
- Flexwage
- Possible
- Wealthfront Cash account
- Even
- Vola
#1. Empower
Empower is a robust financial app that allows you to get cash advances up to $250 once per pay cycle without any charges or interest rates.
Once you subscribe to this app, you have automatic access to its other features like budgeting, saving, and some financial tips to help you get out of the paycheck cycle and constant need for cash advances.
This paycheck cash advance app uses your banking history and activity- direct deposit and average monthly deposit to determine if you are eligible for a cash advance.
It is a money advance app that allows you to make regular deposits to your Empower checking account to qualify for a cash advance instantly. This checking account has an interest rate of 0.25%APY.
Empower is free for the first 30 days. Afterward, it charges $8 monthly to renew your access to its robust money management features.
To learn more about Empower and sign up for your cash advance, click the link below to download from the google store.
#2. MoneyLion
Another one of the paycheck advance apps is MoneyLion. This app offers a free cash advance up to $250 straight to your account without any interest rate or signs up fee. To get this cash advance from Money lion, you must install the app and sign up for your own cash advance. Like Empower, you must have funds directly deposited into your account.
MoneyLion gives you access to some banking features like checking services, credit monitoring, and investment management, all without the bank hassles. You can also get a special “Credit Builder” feature that grants you a credit loan of $500 at a 5.99 APR. It is available for people with poor credit.
MoneyLion has two membership levels- free core membership and paid plus membership. The paid plus membership costs $29 per month and gives you unlimited access to all the features on this cash advance app. However, you don’t need the paid plus membership to access the cash advance.
To download the money advance app from the google store and get started, use the link below.
#3. Earnin
Earnin is one of the first paycheck advance apps. Its goal is to ensure that workers break free from the paycheck cycle by allowing them to access their money anytime they please. This free cashback app allows you to withdraw up to $100 initially and then $500 as you use the app.
This app offers other features besides cash advancement, including balance shields, cash-back rewards, savings, and health aid. Once you get your paycheck, Earnin deducts the exact amount.
However, to effectively use the Earnin app, you must have a checking account at a supported bank and be employed in a physical place. Although this cash advance app offers cash advances with no interest or fee, you can optionally add tips to the company. The app recommends 4%.
The Earnin app can also be used as a shopping app to help you earn cashback. It is one of the best money advance apps you can ever use. If you shop within the app and pay with your Earnin account, you can get back between 1% – 10% on your purchases.
To download the Earnin app and learn more about it, use the link below.
#4. Dave
Another one of the cash advance apps is the Dave app. Dave creates an online checking account that helps you plan your expenses. It analyses all the expenses being made, and once you try to overdraft your account, they send a notification.
In addition, you can get a cash advance of up to $100 until payday–no credit check required. Dave deposits the money directly in your account and deducts it when you get paid.
Other features in the Dave app include; the ability to freeze and unfreeze your ATM card, a budgeting platform, and alerting you of new side hustles in your area. Dave has a monthly fee of $1, but to offset the fee, you can connect your debit card and earn extra credits!
To download this free instant cash advance app from the google store and get started, click the link below
#5. Brigit
One of the best cash advance apps is the Brigit app. Brigit offers a cash advance up to $250 deposited directly into your account with no credit check or fee needed.
You can also file for an extension on your advance up to three times. There are no penalties or fees to do this.
When your paycheck comes, Brigit automatically deducts the money out of your bank account. You can also opt to pay back the loan at an earlier time.
Another feature of Brigit is that it notifies you when your account is running low for you to request an advance and prevent the bank from charging you overdraft fees.
To download the Brigit app from the google store, click the link below.
#6. Varo
Unlike other cash advance apps, Varo is a mobile banking platform that allows you to get your full paycheck two days before the due date without fees.
It is one of the free instant cash advance apps known for its live customer service, ensuring you have all your questions and expert assistance at your reach.
Other features on the Varo app include;
- Savings platform
- Free transfers between Varo account users
- Instant notifications when money goes in or out of your account.
- Ability to overdraw your account by $50 with no fees when using your debit card.
- Remote Deposit checks using the Varo app.
- Save Your Change options let you round up every transaction from your checking account and deposit it into your Varo Savings Account.
If you want to install the Varo app from google to see the features for yourself, click the link below.
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#7. Chime
Just like Varo, Chime is a full-service mobile banking platform that creates a dynamic online banking experience by giving its users access to their paychecks two days before their due date with no extra fees attached. A paycheck advance option is a new option for them.
If you have a Chime account with a direct deposit, your wages become available immediately after your employer deposits them into your account.
Other benefits associated with being a Chime free instant cash advance app user include;
- You can put your money into the savings account immediately
- There are No Hidden Fees,
- Banking Alerts to notify you of any transaction within your account
- Ability to block debit cards in case of loss or theft.
To learn more about Chime and to download the app, click the link below
#8. PayActiv
Unlike some payday advance apps, PayActiv isn’t used on your own. Instead, your employer offers it to you as a benefit. The PAy Activ app’s core feature is “earned wage access,” or EWA, which is the ability to collect your wages as soon as you earn them.
PayActiv allows you to collect up to 50% of your wages, up to a maximum of $500. You can transfer the money to your bank account or a prepaid card, use it to pay bills online, or even receive it in cash through a unique PayActiv ATM.
The app charges a fee between $0 and $5, each time you use it, depending on your employer’s program.
PayActiv also helps you track your spending and reduce debts, make a budget, automate your savings, set up direct deposit at your bank, and pay bills automatically.
Click the link below to learn more about PayActiv, either as an employer or employee.
#9. DailyPay
Just like PayActiv, DailyPay is one of the best instant money apps for employers to offer as a benefit. it gives you access to an amount of the wages you’ve earned before payday.
For each hour you’ve worked, you build up credit in your DailyPay account, which you can then transfer to your bank account at will. The app charges a fee of $1.25 per transfer to receive your money by the next business day or $2.99 to receive your money instantly.
When it’s payday, you receive your regular paycheck minus any advances you’ve requested. DailyPay also lets you activate automatic transfers at desired times.
Click the link below to get started either as an employee or an employer.
#10. Branch
The branch is another payday advance app given to employees by their employers. Workers can change their shifts, request time off, and access their earned wages early.
To access its cashback feature, you must have double deposits of $40 each with your employer.
While Branch does not charge any interest, you may have to pay a fee. This depends on how you request the money. Advances paid to your Branch debit card or to your bank account using the standard transfer are free.
The Branch app also lets you build a portfolio as a worker and create a budget.
To learn more about Branch, one of the best instant money apps, use the link below
#11. FlexWage
The FlexWage app works a little differently from DailyPay and PayActive. It offers paycheck advances and also lets you request an advance.
However, your employer decides the limit to the advance and how often that feature will be available. The fee paid for this service also depends on your employer.
This cash advance app has an additional feature, called “FlexPay” which is specifically for tipped employees, such as waiters.
It allows them to receive all their tips immediately on their payment card at the end of their shift. It’s faster than waiting for tips submitted with a credit card payment and safer than leaving work with a large sum in cash.
Flexwage also lets you link your financial accounts and create a budget immediately.
See more about the FlexWage best instant money app by clicking the link below.
People who read this content, end up reading 9 Simple Ways To Use Credit Card Wisely
#12. Possible
Possible is another one of the best cash advance apps there is. This app lets you request loans up to $500 within minutes. It has a repayable amount for any amount you borrow.
There are no fees to signup on to the app. To determine your eligibility for a cash advance, the lender examines your work history and regular pay schedule to accept or decline loan applications.
Possible also doesn’t check FICO scores to determine your eligibility.
To learn more about Possible and download from the google store, click the link below.
#13. Wealthfront Cash Account
This paycheck advance account gives you access to your paycheck two days before its due date. When you set up a direct deposit on your Wealthfront cash account, the money can enter your account up to two days before your official payday, depending on your payroll provider.
The Wealthfront Cash Account offers a reasonable interest rate and no account or monthly maintenance fees. You can make unlimited transfers into and out of your account each month at no cost.
You can also make payments directly from your account or withdraw cash with no fees through a nationwide network of ATMs.
And, unlike most banks, it covers insurance for the cash in your account up to $1 million —this is more the amount covered by the Federal Deposit Insurance Corporation.
To learn more on how the Wealthfront Cash Account works, click the link below
#14. Even
Even is a cash advance app offered by employers to their employees. The employer may offer the app for free, subsidize it, or ask you to pay for it.
If you have to pay for it yourself, the membership plan is $2 per week. This plan gives you access to earned wages at no additional cost, and the Instapay feature lets you get cash advances.
Aside from Instapay, your Even membership plan also gives you access to a number of other tools that aim to provide you with control over your finances.
One way Even differs from other apps is that if you don’t use it for about two months, the company stops charging you while still giving you access to any savings you might have with them.
Click the link below to learn more about the Even app.
#15. Vola
Another best instant money app is Vola. This app offers cash advances of up to $300 which you would receive within 24 business hours. However, to access this cash advance feature, you will pay a membership fee that starts at $4.99 per month.
This cash advance app offers features that let you control your finances and manage your expenses by breaking down your spending habits in such a way that you can be smarter with your money.
It is important to note that to effectively use your Vola account, you must keep an average account balance of $150.
To download the Vola app, use the link below.
With Vola, you can borrow up to $300 without having your credit checked. To borrow money, each app has its own requirements, so it’s vital to do your homework and choose the one that best suits your needs.
Dave offers the ExtraCash feature for up to $500.
Earnin provides up to $750, although the amount is determined on the number of hours completed.
No, although cash advance apps and payday lenders have some similarities, they are not the same. With no credit check necessary, cash advance applications lend you money typically until your next payday. Payday lenders impose strict deadlines for repayment and charge exorbitant interest rates.
My Final Thought
Cash advance apps have proven to be an effective way to solve urgent financial issues. However, it is not the solution to frequent financial crises.
Do well to go through this article and find out which paycheck advance app suits you.
All the best!
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