Waiting for payday can be a challenge sometimes. Anyone can come across an unexpected situation where money is the ultimate solution. When emergencies fall people out, the loan becomes a necessity. Henceforth, every mobile app development company is giving attention to cash advance apps.
According to reports, mobile apps are expected to cross a revenue of $613 by 2025. These may include several cash loan apps to save people from crisis and debts. However, the wrong app can trap you in long-term financial trouble. Therefore, our experts are here to help you find the right one. We have reviewed the best payday loan apps on the internet. Among these, the top 10 are mentioned in the guide below.
List Of The Best Cash Advance Apps [2023 Updated]
Every cash loan app has its pros and cons. With each application offering different features, the right one is difficult to find. Have a look at the most popular payday loan apps and pick the one meant for you.
Earnin
Apps like Earnin always rank on the top of our list. It makes a perfect combination of responsible lending and a good attitude. Hence, people prefer this app with little worry. Also, it requires zero fees for providing a loan.
The app was initially known as Activehours. It lets a user access their wages before the payday. Earnin connects to your bank account and deducts the provided amount soon after you receive your pay.
Some prominent features of the app include,
- It replaces mandatory fees with optional tipping.
- Overdraft protection lets the app transfer $100 to your account if the balance drops below the mentioned amount.
- In response to scanned medical bills, Earnin negotiates with your healthcare provider.
iOS Rating: 4.7
Android Rating: 4.4
Empower
The next on our list of cash advance apps is Empower. You can easily get a loan from this app and get it deducted from your next deposit. Folks love this app as it charges no late fee. Besides eliminating interest from its terms and conditions, Empower cares about its clients.
In the case of a late return, Empower withdraws portions of the overall amount unless settled. All you have to do is to provide proof of your income along with your basic bank details.
Some prominent features of the app include,
- It helps you with weekly savings.
- By negotiating with your contractor, the app works out your builds.
- Empower’s human coaches are efficient enough to give financial advice.
- The app offers a 14-day trial version with complete features.
iOS Rating: 4.7
Android Rating: 3.6
MoneyLion
MoneyLion is much more than a borrow money app. However, we prefer the Instacash service. Rather than asking for your employment history, the app demands an active account. Users must keep it balanced and show regular income deposits.
Anyone with a 60-day-old account can ask for a same-day loan for up to $250. If the limit exceeds, MoneyLion examines your account details and provides a due date to return the loan.
Some prominent features of the app include,
- It requires no fees for any transaction.
- For loans quicker than its transaction days, the app charges a little amount.
- Users receive a five-day grace period from the due date.
iOS Rating: 4.3
Android Rating: 4.1
Chime
Chime, founded in 2013, is an American financial technology company. It provides fee-free mobile banking services along with a debit card. The app’s free overdraft protection of up to $200 makes it work similar to a borrow money app.
By qualifying for the company’s SpotMe Program, users can receive and refund the given amount unless their next deposit. It works in collaboration with the Bancorp Bank or Stride Bank.
Some prominent features of the app include,
- It requires no monthly balance or fees.
- Unlike other banks, it provides early paycheck deposits.
- Users are not charged any late fees if the due date exceeds.
- The app consists of credit billing tools.
iOS Rating: 2.8
Android Rating: 3.1
Brigit
Apps like Brigit are exactly what cash advance apps must be. The app efficiently bridges the gap between users and their paydays. It keeps an active record of your banking history and offers overdraft protection in return.
Whenever you come across a transaction that overdrafts your account, an alert notification is sent by the app. Also, it asks for permission to draft $250 in return. The due date, in this case, depends on your overall account activity.
Some prominent features of the app include,
- It aggregates part-time and full-time jobs to users.
- The app comes with free budget tracking and credit monitoring tools.
- Users can easily extend the due date if they like.
iOS Rating: 4.8
Android Rating: 4.5
Current
Current is a stunning alternative for cash advance apps. It is a basic banking app that comes with overdraft protection. All you have to do is to set up a current account and sign up for the Overdrive service.
The app is efficient enough to protect you from an overdraft transaction. It means whenever your bank account goes under such a payment, Current offers a loan of $100, similar to the above-mentioned apps. It requires no fees or interest for any transaction. The app smoothly deducts your loan from the next forecasted deposit.
Some prominent features of the app include,
- It lets a user access their wages two days before the specified date.
- The app serves your saving goals by offering three different pods.
- Parents can benefit from its teen banking tool.
- The app instantly refunds gas holds for uninterrupted purchasing.
iOS Rating: unavailable
Android Rating: 4.6
Dave
The next on our list of cash advance apps is Dave. It offers overdraft protection similar to the above-mentioned applications. Therefore, you can easily link this app to your bank account and demand loans.
As a result, you are notified before any transaction that overdrafts your account. In this case, the app provides a $100 loan to balance your account. It later withdraws this amount from your next paycheck.
Some prominent features of the app include,
- It consists of two payback options which include automatic and manual refunds.
- The app does not charge any late fees if you skip the due date.
- With a budgeting tool, Dave helps you create a savings plan.
iOS Rating: 4.8
Android Rating: 4.4
Varo
If you are tuned to the latest payday advance apps, Varo can be your spot. This nationwide digital banking app has recently launched a cash advance feature. Hence, it serves as a successful combination of money lending and money borrowing apps. The app is efficient enough to provide $250 with zero transaction fees.
However, users can pay $5 to earn an extra loan of up to $100. Clients never experience any penalties for late payments. In case exceeding the due date, the app prevents a user from any further loans.
Some prominent features of the app include,
- The app comes with an automatic 30-day deadline for refunds.
- In response to a minimum $5 deposit, it provides users with a Visa debit card.
- It lets a user access their wages two days before the specified date.
iOS Rating: 4.9
Android Rating: 4.7
Branch
Branch is a cash loan app that works in collaboration with your employer. It means this app lets your employer transfer wages directly to your Branch cards. Further, it monitors a user’s working hours to provide a loan. On requesting an advance, the app shares a 50% amount of your regular wages.
It later deducts this amount from your next paycheck. For more, users are requested to pay a minor fee to enjoy an instant loan.
Some prominent features of the app include,
- It provides every user with a Branch debit card.
- Employers can share wages to this app's account and let users access the amount two days before the specified date.
- The app does not charge any late fees if you skip the due date.
- It supports contactless payment.
iOS Rating: 4.8
Android Rating: 4.1
Wealthfront
Finally, our list includes Wealthfront. It is no less efficient than other cash advance apps on our list. The app offers a mobile banking service through which users can access their salary two days before the specified date.
However, it does not entertain users with a particular amount as advance. According to reports, it turns out to be a successful long-term collaborator with many.
Some prominent features of the app include,
- It offers a credit monitoring account to help people access wages at any hour of the day.
- The app offers potential advice to make any financial decisions.
- Users do not have to pay any fees for late refunds.
iOS Rating: 4.8
Android Rating: 4.6
PayActiv
Our next borrow money app is PayActiv. It is a great pick as users can directly pay their bills through this app and request a portion of their wages before payday. Also, it offers the opportunity to earn discounts on medical and departmental stores.
Users can easily check the list of stores through the app and save money. What makes the app different is the option of owning a PayActiv prepaid debit card.
Some prominent features of the app include,
- It lets users open a PayActiv account free of any activation and monthly fees.
- Users can easily lock stolen or lost cards to prevent scams and robberies.
- The app helps users request a loan of $25 to $250 while charging no fees.
Albert
Albert serves as one of the most popular mobile-first cash advance apps on our list. It helps users to request a loan of up to $250 soon as their next paycheck delivers. It requires no interest and no fee for giving loans to users.
The app takes two to three business days to transfer money to the user. You can easily return the loan when your next paycheck comes.
Some prominent features of the app include,
- It lets users request an instant loan by paying a small fee.
- The app does not ask for any overdraft fees from the users.
- The app also offers banking services through which users can open an Albert Cash account.
- Users can also sign up for an Albert savings account.
Cleo
The next cash loan app on our list is Cleo. Users love this app for its advanced salary feature and prefer it for its multiple benefits. You can easily link it to your existing bank account and start using the app instantly.
Initially, it provides a loan between $20 and $70. However, if you succeed in meeting deadlines, the limit can increase up to $100. The free version of this application does not support the advanced salary feature. Hence, you must invest in its paid version, Cleo Plus by paying a monthly fee of $5.99. Also, you can pay $14.99 per month for Cleo builder.
Some prominent features of the app include,
- Cleo plus offers a cash-back option for users, and Cleo builder offers a secure credit card.
- The app holds different automated saving tools.
- It does not require any interest in borrowing money.
- Users are not bound to prove their income details.
DailyPay
The DailyPay app resembles PayActiv in terms of a few features. It offers the chance to request an advance from your salary. The app provides users with a DailyPay account, which is used to store the wages they earn. You are free to transfer this credit to your official bank account whenever you like.
It takes one to two business days for the app to transfer your credit. Also, it is free of any late fees and overdraft fees. Users can instantly request their money without providing a pay loan interest.
A few prominent features of the app include,
- The AutoSave feature helps to save a particular amount on every payday.
- The app has a RoundupSave feature that transfers a portion of your money to your savings on every requested loan.
- It includes a DirectSave feature that saves a particular percentage on every paycheck.
- DailyPay charges $1.25 to $2.99 per transfer.
FlexWage
Our final cash loan app on this list is FlexWage. It provides users with a reloadable debit card as an alternative to their paper paychecks. You are free to use this card at any ATM or retailer that accepts visa cards. Also, users can easily transfer their salaries to their particular bank accounts free of cost.
All you need to do is to sign up for the app and start using its features. FlexWage further allows users to request an advance from their salaries before payday through the OnDemand Pay feature. Nevertheless, its limits and details are controlled by the employer.
A few prominent features of the app include,
- The app charges a transaction fee from $3 to $5 for a salary advance.
- It offers a special feature called flex pay that particularly serves tipped employees.
- FlexWage also supports a financial wellness program known as Sum180.
- The app is also used by popular restaurants like Burger King, McDonald’s, and Panda Express.
Final Thoughts
Today, every Android and iOS app development company is trying to launch solutions. Likewise, cash advance apps serve as the best digital solutions for loans. The above-mentioned applications will always help you access money before payday. These are reviewed by our experts to help users with flawless transactions.
If you have used any of these apps, change your reviews in the comments below. Also, let us know what cash advance apps do you use?
Frequently Asked Questions
Q. How to borrow money from Cash App?
To borrow money from the Cash App, you can follow 5 easy steps.
- Install and open the Cash App on your smartphone.
- Search for the banking icon in the lower-left corner and tap it.
- In the Scroll down menu, search for the word borrow.
- Tap unlock to see the amount you can request.
- Complete the on-screen instructions to get your advance.
Q. What apps let you borrow money instantly?
Cash advance apps like MoneyLion and Branch let you borrow money instantly.
Q. Can you borrow money from Cash App?
Yes, you can borrow money from the Cash App between $20 and $200 easily.
Q. Why can't I borrow money from Cash App?
The Cash App has more than 100 million downloads with over 36 million active monthly users. The only reason that it does not provide you loan is its unavailability in your area.
Q. How to borrow money from Cash App on iPhone?
You can download the Cash App from the Apple Store and follow the above-mentioned steps.
