Earnin is designed to bridge the gap between paydays. Using this app, it’s possible to get an advance on your wages for hours you’ve already worked, which could be useful if money is tight now and then. In this article, read a summary of Earnin app reviews, plus check out some alternative apps that do a similar job.

Earnin app overview

You can sign up for Earnin (which is available on iOS and Android) if your employer pays you on a regular schedule into a checking account, and if you work at a fixed location or have an online timekeeping system at work. Earnin is especially suited for people who work on demand.

To set up Earnin, you’ll need to connect your bank account and enter your employment details. Earnin’s technology uses your location to monitor when you’re at work and calculates how many working hours you’ve clocked up.

If you run out of money before your regular payday, you can use Earnin to send an advance to your bank account. When you get paid by your employer, Earnin deducts the amount you’ve borrowed on the same day, as a separate debit transaction.

Earnin is 100% financially supported by its community. There are no fees to use Earnin, but tipping is encouraged, which is how Earnin makes money. You can tip between $0 and $14, whatever amount you feel is fair.

What real users think about Earnin

Overall, Earnin has some decent scores as an app download –4.5 / 5 on Google Play and 4.7 / 5 in the App Store.

Generally, the concept of Earnin is appreciated by users. One recent reviewer on Google Play claimed that the Earnin app has saved her many times between paydays and that she likes how it only costs what she chooses to pay.

Another user highly praised the app but encouraged responsible use, saying that you shouldn’t advance more than you intend to spend on your regular payday, as you could end up in a mess financially.

The trust aspect has been mentioned both positively and negatively in reviews. One wary user said they were reluctant to hand over their bank details to the app, but hasn’t regretted it, saying the app is a great lifesaver. A few other users have reported errors being made regarding multiple payments being taken out of their accounts unexpectedly. However, these experiences seem few and far between, and the app’s support team seems quick to address such issues.

One negative point that’s worth noting is that the app doesn’t support all banks (yet), which would present a problem for some people.

More on Is Earnin safe

How long does Earnin take to verify

The setup process can take around 72 hours in total. This is because Earnin needs to check your bank information, your pay schedule and upload your earnings. Once you see “Earnings Available” in the app, this means that everything is set up and you’re ready to cash out when you need to.

If you find that it’s taking longer than anticipated to set up your account, you can contact Earnin’s support team using the help button inside the app itself.

Apps similar to Earnin

MoneyLion

The MoneyLion app bills itself as America’s most powerful financial membership. It’s a zero-fee checking account that comes with a debit card, zero-fee managed investing and 0% APR cash advances of up to $250. The debit card can be used at 55,000 ATMs free of charge. The app is available to download for iOS and Android users.

MoneyLion also has a premium offering: MoneyLion Plus. With this product, you’ll get a personalized investment plan, access to a low-cost credit builder loan of up to $500 at 5.99% APR, plus daily cash back. Each month, MoneyLion will automatically transfer $50 from your bank account to your Plus investment account, and you’ll get $1 in cash back for every day that you log into the app. The cashback could offset the $29 monthly membership fee that comes with this service, providing you log in each day.

PockBox App

PockBox.com app is a service that can connect you to a fast-cash loan provider. If you’re a U.S. citizen over the age of 18, are employed with a regular income of at least $800 per month, and have a checking account, you can use this service.

Via PockBox, you can apply for a loan of up to $2,500 to get you through a financial emergency. There are no fees to use PockBox, but you’ll be charged fees and interest by the loan provider. (Note that interest rates are usually very high with fast-cash loans). The exact loan amount and terms offered will be set by the lender.

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Should you use Earnin?

The Earnin app could be handy when you’re in a pinch with money, especially since it’s free to use (except for the tips). However, be careful not to rely on accessing your wages early all the time, as you could end up in a vicious cycle where you never have enough money on your regular payday. This could result in you spending quite a lot of money on Earnin tips.

*The information above is correct at the time of publishing. Please note that this article shouldn’t be construed as professional financial advice.

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