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“What are the best cash advance apps?”
Let’s be honest, this is not an easy question to answer. There are a bunch of key factors to consider such as:
- Is there a credit check to qualify?
- How fast will you have the money in your bank account?
- How quickly and how often can you access a cash advance?
- Do you need to set up a new bank account or move your direct deposit?
- What is the interest rate and how much are the fees? (And are you supposed to tip?)
You’ll also need to weigh up monthly costs, eligibility requirements, and hidden obstacles buried deep in an app’s terms and conditions. Scratch that. You don’t need to weigh up those things… because we’ve done it for you.
While payday loans were once the go-to for cash-strapped Americans, times have changed. A new breed of cash advance apps can help you cover unexpected expenses without the high APRs and fees that come with payday lenders. With low fees (or NO fees) it’s never been easier to secure short-term funding and avoid the headaches that come from a lack of cash.
So, what are the best cash advance apps in 2022?
Read on for a closer look at our top 9 picks to maintain a positive bank balance until payday rolls around.
What we’ll cover:
- 9 best cash advance apps
- How to choose the best cash advance app
- Want to get paid faster? You may need to meet these criteria
- Final thoughts and what to do next…
9 best cash advance apps
When it comes to the best apps for a cash advance, you’ve got plenty to choose from. At the same time, it’s easy to feel overwhelmed comparing dozens of apps – so we’ve made things simple.
Each app on this list offers its own pros and cons whether you need a $20, $50 or $100 cash advance (or something a little higher). Some will let you borrow up to $100 against your future wages and others will let you borrow money as soon as you sign up (with no fees or interest).
Read on for the top 9 best cash advance apps we recommend you download in 2022.
#1. Albert – Fee-free cash advances up to $250 (plus a $150 sign-up bonus)
The Albert app offers interest-free and fee-free cash advances for up to $250 (this is among the highest borrowing amounts of any cash advance app).
You can access up to three cash advances per pay period with no credit check so Albert is handy if you’re struggling with poor credit. There’s no subscription needed to use Albert, but there are advantages to creating an Albert account. Doing so means you’ll get your cash faster (in minutes) vs. sending it to your bank account (three days). If you’ve got a need for speed, you can still get the funds sent to your bank account instantly with a $6.99 express fee.
Albert offers valuable tools to help you track your spending, create a budget and achieve your savings goals. Where most cash advance apps help you upskill with in-app resources, Albert has a team of Geniuses – literally. For a monthly fee that can be as low as $6, a team of real life Albert Geniuses can answer your financial questions 7 days a week so you’re not just getting a cash advance but an education too.
And if you need another reason to let Albert into your life, new users receive a $150 sign-up bonus!
No interest cash advances and a $150 new account bonus >>> Get the free Albert app
(The fine print on Albert Instant: Download to see if you qualify. Repay the advance with your next paycheck. Fees may apply. Advance amounts based on qualification and may vary. Albert is not a bank. Banking services provided by Sutton Bank, Member FDIC.)
#2. Earnin – The free app offering up to $500 in no-fee cash advances
Available for both iOS and Android, Earnin helps you avoid overdraft charges and expensive payday loan fees by letting you access your earned wages early.
If you’ve worked but haven’t been paid yet, Earnin can give you instant access to up to $100 of your paycheck per day and up to a total of $500 per pay period.
Getting started is fast and easy. Just download the app, quickly link your bank account, and answer a few questions about your employer. Then, when you need a little extra cash, it’s yours with just a few taps on the Cash Out feature. Earnin then balances your borrowed amount automatically when you receive your next paycheck.
Best of all, there are no mandatory fees and no interest charges to get paid early via Earnin. The app is truly free (Earnin will encourage you to leave an optional tip) which is hard to beat. And it’s certainly a better deal than paying $35 or more for each overdraft transaction or a payday loan with interest and fees that can well exceed a 100% APR!
Borrow Up To $100 Right Now >>> Get started with Earnin here
#3. Brigit – Borrow up to $250 in fee-free overdrafts
Brigit offers instant cash advances to help you cover bills, make emergency payments, or just access the money you need to live your life.
You can be approved for anywhere between $50 and $250 per pay period with your borrowing limit tailored to your needs and ability to repay comfortably.
Brigit’s free plan includes limited features, which doesn’t include cash advances. You’ll need to opt in for a $9.99 per month subscription that unlocks cash advances up to $250. And look, we get it. Paying for an app subscription may not be on your radar, you’ll be hard pressed to go through your bills and find a single late fee that’s less than Brigit’s $9.99/month fee, which makes Brigit a great deal.
As a bonus, Brigit’s algorithm will predict when you’re likely to run out of cash before your next paycheck and send you an alert to let you know. As a Brigit Plus user, you’ll automatically receive up to $250 when you’re facing a shortage. This helps you avoid paying overdraft fees or NSF fees to banks who hope your account falls into a negative (so they can hammer you with more fees).
Let’s be honest, financial emergencies are guaranteed to pop up from time to time. But an app like Brigit can help you cover your monthly bills and payments without the sky-high interest that comes with many other cash advance apps.
Access up to $250 in fee-free overdrafts >>> Explore Brigit Now
#4. Cleo – $100 cash advances with a side of sassy budgeting support
Cleo is an AI-powered financial assistance app. She’s also a hilarious wise ass.
Yep, you read that right.
Using artificial intelligence, Cleo helps you manage your finances from your smartphone by tracking your spending, helping you save automatically, and even earning cash-back rewards.
Or, in her own words, she’s an “app that doesn’t suck”.
Download the Cleo app (it’s free) and set up an account (also free) and you’ll receive powerful insights and advice on your finances. But, prepare to be put in your place while you’re at it because if you could be doing better with your money, Cleo will 100% let you know!!!
Cleo’s top Features include:
- ‘Roast Mode’ if you need a little tough love on your spending habits
- ‘Hype Mode’ if you prefer to be complimented on your financial habits
- A credit-building card (with no credit checks and no interest; subscription required)
- Money-saving tools
And of course, cash advances of up to $100
When you need a $100 cash advance with no credit check, Cleo will send funds directly to your linked bank account (with no need to change your direct deposit or submit timesheets like apps like Earnin require).
Funds typically take 3 – 4 business days to land in your bank account. However, if you want instant funds, you can simply pay a $3.99 express fee to get your money inside 24 hours.
If you want to see how this AI-powered chatbot can help you manage your finances, set budgeting goals, build your credit and save your money, click below to try it out for yourself.
Get Started in 2 Minutes (And Borrow $100) >>> Check Out Cleo’s Sass
#5. SeedFi – Borrow up to $9,000 with affordable credit-building plans
Let’s say you need access to a little extra money, but your credit score has taken a few bumps and bruises. If you’re in the ‘poor’ to ‘fair’ range then SeedFi’s Borrow & Grow Plan may be a great tool to help you access some cash right away. You can also build up savings for later AND build a positive payment history with every on-time payment.
With SeedFi’s Borrow & Grow Plan, you get some cash right away, while also building up some savings for later. Borrow & Grow Plan loans for first-time borrowers range from $1,500 to $9,000 with $300 to $5,000 accessible immediately and the rest of the loan locked in a savings account until you repay in full.
Repayment periods range from 10 months to 48 months and APRs range from 11.59% to 29.99%.
Once the loan is paid off, the money in your savings account is all yours. You can spend it, save it, or move it wherever you like. Plus, your payments are reported to the major credit bureaus, so paying back your plan as scheduled could help build your positive payment history.
You can see exactly what you qualify for in just a couple minutes on the SeedFi website, with no impact to your credit score.
Access up to $9,000 >>> Check out the SeedFi Borrow & Grow Plan
#6. Dave – Borrow up to $250 from the OG cash advance app
Dave is probably the first app of its kind to directly address the overdraft fees problem. As a pioneer in the cash advance game, roughly 6 million people now use Dave to borrow up to $250 with zero interest and for no credit check cash advances.
It’s worth noting that you may not be able to get a cash advance from Dave right away. To qualify for a cash advance, your linked bank account must be:
- At least 60 days old
- In a positive balance
- Show at least TWO recurring deposits
If you tick these boxes, Dave will consider a number of factors when assessing your borrow limit, including how long until your next payday, your account history and spending patterns, and how much is deposited into your account every month.
Based on these criteria, you may qualify for a lower cash advance than $250 (or you may be declined). Whatever the outcome, there’s no impact on your credit score.
Although Dave claims you can enjoy a cash advance via the app without fees, you will need to subscribe which costs the grand total of $1/month. Dave will also invite you to leave a voluntary tip, though there’s no obligation to do so.
Learn more about no-interest cash advances from Dave >>> Dave App Review
#7. Current – Borrow up to $200 in fee-free overdrafts with Overdrive
Current’s website claims they’re “focused on creating better financial outcomes for people” and with a range of features – from fee-free overdrafts to cashback and 4% APY savings accounts – it’s hard to argue with them.
One of Current’s most popular features is Overdrive which gives you access to up to $200 in overdraft protection on debit card purchases without charging overdraft fees. Your overdraft limit depends on your direct deposits and there’s no fee for using this helpful service to help you cover expenses when you’re between paychecks.
Qualifying for no-fee overdrafts with Current is easy. Just set up a direct deposit of your paycheck of $500 or more each month, and up to $200 in overdrafts on your Current card can be covered, with zero overdraft fees!
Plus, Current can save you on more than just overdraft fees:
- Get paid up to 2 days early with faster direct deposits
- No ATM fees at over 40,000 in-network ATMs
- No minimum balance fees and no hidden fees
- 4% cash-back at local and national restaurants
- 2% cash-back at brand-name gas stations
- Earn up to 15x points towards cash back rewards at 14,000 participating merchants nationwide
Get up to $200 whenever you need it >>> Read our full Current review
#8. MoneyLion – Low-cost cash advances up to $250 from a feature-packed financial app
MoneyLion’s Instacash feature lets you borrow up to $250. And with no credit check, no interest and no monthly fees there’s a reason 3.3 million customers use the app.
To access this feature, download the MoneyLion app and tap ‘Instacash’. Link your checking account to qualify for 0% APR cash advances. Your borrowing limit starts at $25 and will be determined by your income or recurring deposits or moving your direct deposit to a MoneyLion RoarMoney account. Once set up, you can use Instacash for advances as often as you like until you hit your eligible amount.
MoneyLion isn’t the quickest cash advance app on our list. You will need to wait 48 hours to receive your funds. But if you’ve got a car service coming up or forgot your anniversary and need a nice gift ASAP then you can access your funds almost instantly with a $3.99 fee (deposited in your MoneyLion RoarMoney account) or $4.99 (deposited in your bank account).
Looking for a higher borrowing amount?
MoneyLion’s Credit Builder Plus might be right for you. For a $19.99/month fee, you’ll have access to credit building tools including:
- Loans up to $1,000 with competitive APRs
- 0% interest cash advances
- Weekly credit score updates
- Lion’s Share Rewards (members-only cashback program)
Credit builder loans can give you the cash you need now, with a little extra in a Credit Reserve Account that you’ll get when you pay back your loan in full.
How easy is that!
Discover more about MoneyLion >>> MoneyLion App Review
#9. PockBox – Borrow up to $2,500 (even when your credit score is poor)
If you need access to more cash than the other cash advance apps on this list, PockBox can help you out.
Offering cash advances of up to $2,500, using PockBox is as simple as filling out a few forms and comparing available lenders in minutes. You can see what you qualify for without committing to a lender. And you can have the funds you need in your bank account as soon as the next day – if not sooner.
Loans start as low as $100 but go up to $2,500 and are ideal if you’re dealing with low or no credit. Even if you’ve been rejected by other lenders, you may still be eligible for a loan through PockBox.
If the borrowing limits of most cash advances isn’t suitable for your upcoming expenses, a loan via PockBox might be a better solution.
Compare Loan Offers Up to $2,500 >>> Browse Pockbox For Free
How to choose the best cash advance app
The best apps to get a cash advance won’t be the one with the flashiest interface, the lowest fees, or the highest cash advance limits.
Each app on this list has its own pros and cons. What can look like an easy way to top up your checking account might also come with hidden costs or strict eligibility requirements. To get started, consider how much money you need to borrow. If you need more than $250, you’ll be able to rule out apps like MoneyLion, Cleo and Dave which have lower cash advance limits.
Don’t be discouraged if your credit score has taken some lumps. Many of the cash advance apps on this list are designed for people with poor credit and don’t require a credit check, so you’re not without options. Finally, don’t be swayed by what other users are saying online. Your financial situation is unique to you. Consider downloading a handful of the apps on this list and testing them out before making any commitment.
Want to get paid faster? You may need to meet these criteria
While not all of the apps on this list require a credit check, most lenders will still have certain eligibility criteria or thresholds before letting you borrow funds.
Depending on the app you choose you may need to meet some or all of the following conditions:
➢ Electronic Timesheet: Earnin is an example of an app that requires you to be enrolled in an electronic payroll system. This is because Earnin needs to know that you are actually working before the app will let you borrow against your wages.
➢ App Subscriptions: Certain cash advance apps require you to pay a monthly subscription fee to access money quickly (or at all). For example, Dave requires a small $1/month subscription fee. Cleo requires a $5.99/month subscription fee. And Albert is free – though you’ll need to pay an express fee of $6.99 to access your funds immediately vs. waiting three days.
➢ Bank Accounts: Some cash advance apps will require you to have a bank account. This is typically an eligibility criteria for two reasons. First, an app needs the ability to deposit funds into your bank account. Secondly, many apps automatically withdraw repayments from your account.
➢ Direct Deposit: Most of these apps will require you have a direct deposit of your paycheck, retirement income or government benefits to qualify for a cash advance. Some will link to your existing bank account and so they can verify your direct deposit, while others require you to set up a new account and move your direct deposit. Changing your direct deposit can be a hassle. But it may enable you to get nearly-instant cash advances without paying express fees.
Final thoughts and what to do next…
77% of Americans are anxious about their financial situation so if you’re struggling with your finances, well, you’re far from alone.
The options listed in this guide can help you get an advance on your paycheck. However, your specific needs will determine which app is right for you. Alternatively, you can download several of the best cash advance apps on this list so you’ve always got an option in your back pocket (literally).
In case of an emergency, using a cash advance app can be a much better solution than dipping into an overdraft, or overdrawing your bank account without authorization. Paycheck advances can also be better than simply letting bills go unpaid as missed bills can lead to dishonor fees, service cancellations and stiff charges for reinstatement. While cash advance lenders have long had a reputation for charging sky-high rates, many of the lenders on this list charge no interest and provide low or no fee options!
Whichever app ends up on your phone, be careful to review the terms, conditions, and fees of the cash advance app you choose. Stay informed and you’ll have the info you need to get the funds you need, when you need them, in a way that works for you. You should always make sure that you understand the costs and terms of any loan before agree to borrow money.
So, there’s just one question left to answer… which cash advance app will you be downloading next???
How we picked these apps
To come up with this list of cash advance apps, we picked a handful of the most popular apps, downloaded them onto our phones, and got to work putting them to the test. We considered a host of features including fees (upfront or hidden), eligibility, borrowing limits, and interest rates. We also looked for additional features that might benefit you when you need to borrow quick cash. These include credit checks, speed of accessing funds and overdraft support. We may receive a referral fee if you purchase or use some of the products described in this article.
1 Sample Borrow & Grow Plan: Amount Financed: $7,000 ($3,500 accessed up front and $3,500 locked in savings), APR: 24.99%, Finance Charge: $3,318, Total of Payments: $10,318, Payment Schedule: 85 biweekly payments of $120 and one final payment of $118. The payment schedule spans 40 months.
2 Advertised rates and terms will be subject to change without notice. Your actual APR and other loan terms will be shown to you as part of the online application process.
3If you check your offers, SeedFi issues a soft credit inquiry, which does not impact your credit score and is not visible to creditors. If you select a SeedFi loan offer and continue with your application, SeedFi will issue a hard credit inquiry, which may affect your credit score.
Personal loans and banking services provided by SeedFi’s bank partner, Cross River Bank, Member FDIC.
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