Editor’s Note: Overdraft Apps provides detailed product reviews and recommendations based upon extensive research and our own hands-on testing. We may earn a referral fee when you sign up for or purchase products mentioned in this article.
You need to get $100 instantly. Right now.
It could be a $100 loan. Or a $100 instant cash advance on your next paycheck. Or $100 the next time you swipe your debit card.
What you don’t need is to overdraft your account, fall into the trap of high-interest debt, or go dancing on the street for money (well, you can do that last one if you like, but only because the cardio is good for you.)
So we’ll show you how to get cash fast from some of the best $100 instant loan apps WITHOUT paying overdraft fees.
Best of all, we’ll outline 3 unique ways to get $100 you need instantly for emergency cash or so you can cover your purchases with confidence and avoid the frustration (and fees) that come with being short on money.
As a bonus, some of these solutions have low or no fees, so you can forget about paying more than $100 a day in overdraft fees and get the cash you need on your terms. And you may be able to borrow $100 instantly with no credit check and without moving your direct deposit, too! If you’re one of the 64% of Americans living paycheck to paycheck, read on to learn how to borrow $100 from a cash app.
What we’ll cover:
- Option #1: Cash advance on your paycheck
- Option #2: Use instant loan apps
- Option #3: Get a quick loan
- Final thoughts and what to do next…
“I need to get $100 before payday”: Use an early paycheck app
Best For: Accessing your paycheck before payday
You work hard for your money, so why shouldn’t you access it when you need it?
That’s the logic behind paycheck advance apps that get you the money you’ve earned even if payday is still around the corner. Let’s say you’re paid every two weeks (or monthly). Odds are you already know the pain of a cash shortage. With a pay advance app, you don’t need to scrape through and eat ramen for every meal (unless you want to).
You can use your incoming paycheck to get an instant $100 loan! Then, when payday rolls around, your borrowed amount is balanced with your paycheck and you don’t need to miss out on the money you need. Easy money.
Better still, since pay advance apps automatically deduct the amount you borrowed against your next paycheck, you don’t need to stay on top of the process at all. Everything is done automatically so you can focus on living your life – not stressing over missed bills or overdraft fees.
We Recommend: MoneyLion – $100 advance on your paycheck (and up to $250!)
MoneyLion Instacash offers cash advances up to $250 when you’re short of funds. With no interest and no fees and no credit check, this can be a handy option no matter what financial situation you’re in.
You’ll need a recurring deposit from an employer or benefits payment to qualify, but as long as you’re eligible, you can use Instacash free. Like some other cash advance apps, you can leave a tip though this is entirely optional (and not tipping won’t affect your ability to borrow $100 before your next paycheck rolls around).
Since you’ve got better things to do than monitor your notifications and stress about repayment dates, MoneyLion automatically handles the repayment of your cash advance on the due date of your next deposit. Whenever you get paid, your owed amount is balanced, and you can get on with your life without having to eat Ramen until payday.
You can get a MoneyLion cash advance for free – there is no interest and you don’t need a subscription. However, to get your money within minutes, you’ll need to pay an Instacash Turbo fee, which costs up to $5.99 to have your funds sent to your RoarMoney account or up to $8.99 if you’d like it sent to your bank account. Plan ahead and you avoid the fee, though it will take 12 – 48 hours to receive your cash advance via RoarMoney or 3 – 5 business days for it to reach an external bank account.
Get cash advances up to $250 with no interest >>> Check out MoneyLion
|✔ Get up to $250 maximum cash advance||✘ “Voluntary” tips can encourage you to overpay|
|✔ 0% APR cash advances||✘ Requires access to your bank account|
|✔ No monthly account fees|
|✔ No credit check|
“I need $100 now but my bank account is empty”: Instant loan apps
Best For: Handy banking features with no fees and multiple ways to quickly get extra cash
You need a hundred bucks but your account is looking pretty anemic.
We get it. We’ve been there too.
Even worse, missing your bill payments can lead to dishonor fees and penalty payments that place even MORE financial pressure on your shoulders. And every time you see the $0.00 in your bank account it would be great if there was an app you could use to top up your checking account.
And there is. They’re called ‘neobanks’ and these loan apps can help you borrow $100 instantly, often with no credit check.
Neobanks aren’t actually banks. They partner with FDIC insured banks to take deposits and make loans. One of their most popular features are instant loan apps that provide all the features of a legacy bank (plus a few cool new ones) from the convenience of your phone and often without the fees that come with traditional bank services. Compare this to an average $35 overdraft fee charged by traditional banks when your account goes negative and it’s clear why neobank apps are exploding in popularity when you need to borrow $100 fast.
We Recommend: Albert for a hundred dollar instant loan (and qualify for a $150 bonus)
Although Albert offers a suite of tools to track your spending, saving and budgeting, it’s tough to go past a $250 cash advance with zero fees or interest. Oh, and no credit checks either.
If you’re like most Americans, you’d welcome a few tips on managing your money. Albert’s cashback, fee-free ATM withdrawals on your Albert debit Mastercard, and automated savings contributions are pretty handy.
Plus, there’s one feature that’s tough to go past – a $150 bonus just for giving Albert a try!2
CLAIM YOUR BONUS >>> Explore Albert (and get a $150 signup bonus)
|✔ Borrow up to $250||✘ Funds take 2 – 3 days to reach your account*|
|✔ No credit check||✘ Requires access to financial information|
|✔ No fees or interest|
|$150 sign-up bonus|
*Funds available immediately with a $6.99 express fee, or with no fee if you set up an Albert Cash account.
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.)
“I need to get $100 and maybe even more”: Get a quick loan
Best For: Accessing larger amounts of cash or for those without a regular paycheck
Odds are, if you need to get a $100 loan instantly, you’ll also need extra funds down the line.
If a hundred dollars would help, but a bigger loan would help more, a short-term loan can put the funds you need in your bank account quickly and without hassle. Even better, you don’t need to trap yourself in a cycle of high-interest debt to access loans anymore.
Instant loan apps let you compare lenders from the comfort of your couch (and are often designed for those with thin or no credit). You can get approved in minutes, grab the $100 loan you need, and top up your checking account with extra funds to make overdraft fees a thing of the past.
We Recommend: PockBox to borrow up to $2,500 regardless of credit
Pockbox can provide up to $2,500 even if you have bad credit. All you need to do is fill out a few simple forms with some basic information about yourself (you can do this in 5 minutes, or roughly the time it takes to microwave mac and cheese in a mug), and PockBox will compare lenders for you.
You choose the lender that’s right for you so you can qualify for a small loan instantly and borrow $100 fast (plus extra for a rainy day).
Typically, the funds you get via PockBox – whether $100 or more – are yours within 1 business day. This speed of borrowing $100 can help you sidestep overdraft fees as well as the potential damage to your credit score that comes from missing or bouncing important bill payments.
|✔ Access up to $2,500 fast||✘ Must have regular income to qualify|
|✔ Get approved for a $50 loan in minutes||✘ Funds take 1 business day to reach your account|
|✔ No fees or charges to apply|
Final thoughts and what to do next…
If you’ve ever wondered “where can I borrow $100 instantly?”, the answer doesn’t have to be your parents or your best friend.
The rise of cash advance apps and neobanks means you can get $50, borrow $200 or find a $500 loan without the frustration of dipping into overdrafts or applying for a traditional payday loan. The best $100 loan instant app the one that suits your needs and financial situation.
Take into account the borrowing limits, speed of funds landing in your account, and any interest or fees that come with your money.
Falling $100 short of a bill or emergency purchase is more than a frustration. It can quickly send you into a cycle of debt (not to mention the frustration of copping late fees, dishonor fees, or missing out on doing the things you love).
Consider the instant loan apps in this list to take control of your finances today.
So, which option are you going to use to put $100 in your pocket?
P.S Struggling with bad credit? Check out our Credit Builder Loan Guide for quick and easy ways to boost your score 📈
WAIT! High overdraft fees aren’t the only way your bank is costing you money.
With inflation overheating, you’ve probably heard that interest rates are climbing sharply. That means that for the first time in years, it’s a great time to shop around for a high interest savings account.
The national average interest rate for savings accounts is currently 0.18% APY – that means that if you have $2,500 in a savings account, you’d earn just $4.50 after one year! Move those hard-earned savings to an FDIC-insured bank paying 3.00% APY and you’d earn $71.63 more!
Don’t let your hard-earned savings sit there doing nothing. Check out the rates that you can earn at other banks:
- Apps Like Ingo Money: Best Check Cashing Apps (Reviewed and Rated) - January 27, 2023
- savings accounts - January 16, 2023
- Wells Fargo Overdraft Limit, Fees and Protection - January 12, 2023
- Download the Albert app 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.
Here are the criteria to earn the $150 bonus:
- Set up direct deposit with Albert Cash,
- Receive a qualifying direct deposit of $500 or more within 45 days of joining Albert;
- Receive a qualifying deposit of $500 or more every 30 days for 90 consecutive days,
- Use your Cash card to spend $200 or more on qualifying goods or services every 30 days during the same 90-day period, And
- Meet all of the above requirements within 150 days of joining Albert
- Be sure to see the full terms and conditions and eligibility conditions.