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8 Best Cash Advance Apps That Cover You Until Payday

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Every once in a while, you may be stuck in a situation where you need money urgently. If you don’t have a friend around who could lend you some extra cash, you may turn to an institution for help. However, conventional lenders’ processing times can often be weeks long.

Payday loans have been around for a long time, but lenders can charge enormous fees. In fact, payday interest rates can be over 600%.

8 Best Cash Advance Apps

Fortunately, some apps let you borrow money, making it easier for you to get urgent cash in just a few minutes. Not only is the processing quick, but it also takes less than five minutes to start applying for a loan. In addition, the fees are a lot better than traditional payday loans.

Here are the top 8 apps for cash advances.

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1. Dave: Best for Highest Cash Advance

Dave offers the largest cash advance in the industry — up to $500 through its new ExtraCash feature. All new members also receive a Dave Spending Account, which will allow them the option to receive the funds instantly for a small fee.

Pros Cons
Dave offers the largest cash advance in the industry. An express fee applies to receive cash instantly.

2. Empower: Best for Quick Cash Advances

Empower gives you cash advances of up to $250. Moreover, you can use the Empower card to get up to 10% cash back on purchases at specific merchants. The card also offers free transactions at 37,000 ATMs across the country. Even better, Empower cardholders get their paychecks up to two days early.

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Pros Cons
Interest-free borrowing of up to $250. $8 subscription fee after 14-day free trial.

3. Earnin: Best for Earning-based Borrowing

Earnin is a payday advance app that has a unique lending system. Its app tracks the number of hours you have worked and allows you to access your money according to your earnings. Plus, the app has a notification feature that alerts you in case your bank balance is low.

Pros Cons
The more you use the app, the more Earnin will allow you to borrow. Fees may apply to use Earnin’s Lightning Speed feature.

4. PayActiv: Best for Short-term Loans

PayActiv is more than just an app that lets you borrow money. In fact, it also allows users to pay their bills and get discounts on certain department store purchases and prescription drugs. Check the stores associated with PayActiv and redeem your discounts directly in the app. For example, you can get 10 cents off per gallon with Murphy USA.

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The app lets you see what you have earned and allows you to access it when you require it. Plus, you can pay your bills through the app directly.

Moreover, the app lets you book Uber rides through your earned wages.

Pros Cons
You can pay bills and get discounts on products like gas and prescription drugs with the PayActiv app. Without a PayActiv card, fees apply.

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5. Brigit: Best for Same-day Loans

Brigit lets you borrow $250 the same day you apply for it — provided your application is submitted before 10 a.m. EST.

However, you need to use the company’s monthly paid plan to access this feature.

Pros Cons
No late fees or penalties if you can’t pay on time. $9.99 fee to access cash advances.
App allows for rescheduling of payment. Early cut-off time to request and receive money the same day unless you have a connected debit card.

6. MoneyLion: Best for Multiple Options

Besides offering you a loan, MoneyLion has many other features, such as financial tracking and investment accounts.

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Pros Cons
Access to larger amounts than $250 is possible. It can take three to eight weeks to become eligible for the maximum amount of Instacash.
Varied account features. A fee is required to get money on the same day.

7. Vola: Best for Same-day Cash Advances Up to $300

When you’re looking to borrow money with a loan app, Vola stands out because it offers same-day cash advances of up to $300 with no credit check. It also supports over 6,000 credit unions and banks.

Pros Cons
Up to $300 advanced within the same day. Subscription fee applies.
Five-day cool-off period between repayment and requesting another advance.

8. Albert: Best for No Late Fees

Albert designed its products to take the complexity out of your financial life. It offers instant cash advances, auto repayment and there’s never a late fee.

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Pros Cons
Albert never charges a late fee, and there are no fees if you pay the cash back after the scheduled date. A 30-day free trial of Albert Genius is required when you sign up for Albert Instant, which you can cancel.

Takeaway

Every cash advance app has its pros and cons, so it’s important to do your research and pick the one that works best for you. Make sure you read the terms and conditions and don’t borrow more than you’ll be able to repay.

FAQ

Picking the right app for a cash advance is important. To help you decide, here are the answers to some commonly asked questions.
  • What's the easiest app to get a cash advance?
    • Vola allows you to borrow up to $300 with no credit check. However, every app has different qualifications for borrowing money, so it's important to do your research and pick the one that works best for your situation.
  • How can I borrow $200 on Cash App?
    • On Cash App, go to the "Banking" header and select "Borrow." Although Cash App Borrow isn't available to everyone yet, it does allow you to borrow up to $200 as long as you meet their requirements.
    • If the "Borrow" option doesn't appear, it isn't available for you yet.
  • What app gives you 100 dollars?
    • Most cash advance apps offer $100 loans if you qualify. Some may require you to start with lower amounts or have worse terms for higher amounts, so it's important to read the fine print.
  • What app gives the most cash advance?
    • Dave offers up to $500 with the ExtraCash feature.
    • Earnin also offers up to $500, but the amount is based on hours worked.

Cynthia Measom contributed to the reporting for this article.

Rates and fees are accurate as of June 28, 2022, and subject to change.