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. In this article, we tell you about some of the best cash advance apps that are great alternatives to Dave. Most of them provide small payday cash advances like Dave, but some also offer personal loans if your cash requirements are more substantial.
Best Apps like Dave for Advance Cash (2022)
The apps we mention in this article are all available on the iOS App Store or Google Play Store. Make sure to look at various options and carefully compare their features before you start using any of the cash advance apps on this list. With that said, check out the best cash advance apps like Dave you could use to borrow money in case of emergencies.
What are Cash Advance Apps and How Do They Work?
Also known as Payday (or Paycheck) Advance Apps, Cash Advance apps offer users the option to get paid early for the work they have already done. They typically allow you to borrow $100 – $200 from your next paycheck for use during emergencies. For example, you www.yourloansllc.com/installment-loans-me can use the app to borrow $100 a few days before your payday. The app will then deduct it directly from your paycheck once it arrives a few days later.
While some apps also offer personal loans, payday advances are not loans per se. That’s because you are accessing your own hard-earned money, even though your employer is yet to transfer the earnings to your bank account. Since you are using your own money, the apps do not charge interest. However, most of them typically have membership fees between $1-$10 per month to use their services.
One of the leaders in the segment is Dave, which charges $1 per month for small cash advances of up to $100 per pay cycle. It also offers a whole host of other features, including overdraft warnings and budgeting tools. Dave is considered the industry leader with the best rates and the most dedicated (and growing) userbase. But it is far from the only cash advance service in the segment. So, here are the best apps like Dave you can use to borrow cash right now:
Best Cash Advance Apps Like Dave
Note : The apps listed below largely offer their services in the USA. A few, like Branch, may be present in other markets, but their services and rates may differ significantly. Do your research before signing up. If you are in India and looking to receive money from relatives in the US, check out how you can transfer money from the US to India using Google Pay.
Brigit is one of the best and most popular cash advance apps like Dave, offering small paycheck advances of up to $250. It doesn’t charge interest on the loan itself, but you will have to pay a hefty monthly membership of $9.99. It is significantly more than the paltry $1 charge you pay for Dave, but it does offer free account monitoring services. That will include budgeting tools to help analyze your earnings and spending habits.
Brigit works with more than 15,000 US banks and financial institutions, including Bank of America, Wells Fargo, TD Bank, Chase, and more. It deposits cash automatically into your account when your balance is low and in danger of dipping below zero, thus, helping prevent overdraft fees.