Cash Advance

How Does Earnin Work?

Looking for a cash advance? We've got you. Plus, cash advance options for if you're a gig worker.

Phone with Earnin logo on it

It’s tough making it to the next paycheck at the moment. If you’re struggling with the whole money thing, you’re not alone. A record-breaking 64% of Americans are also living paycheck to paycheck. 

When you’re in a tight spot with money, you’re even more vulnerable to sneaky overdraft fees and predatory payday loans. (Some are really out here charging 600% interest) 💀

If you do need a little help tiding you over until the end of the month, an interest-free cash advance can be a safer alternative. Enter: Earnin. And other cash advance apps (hint: Cleo) 🙃  

So, how exactly does Earnin work?

Earnin is a money app with a cash advance feature. A cash advance is calculated against your credit card limit or income.

You can initially get $100 from Earnin, and this goes up to $500 over time. 

You then repay this on your next payday. 

Here’s the part that’s unique to Earnin: the app has a unique money lending system. It tracks the number of hours you have worked and allows you to access money according to your earnings.

To access the money, you connect your bank account, then you have to verify your employment info.

Earnin states that there are three possible ways to do this:

  1. An electronic or printed timesheet
  2. Your employer-provided work email address
  3. Automatically via the Automagic Earnings (GPS) feature if you work from a fixed work location

If you’re approved:

⏱️ The money takes 1-2 business days to arrive

💲 Earnin uses a voluntary tip model, so no fees

What to do if you’re a gig worker, or don’t qualify?

If you don't fit Earnin's employment requirements, don’t sweat.  There are tons of options that don’t require you to verify your employment status. Since you’re literally on the Cleo blog right now, we’re gonna start with ✨Cleo✨

If you’re in need of a quick spot, Cleo can potentially offer you up to $250*, with:

  • No credit checks 
  • No interest 
  • No need to verify your employment status, or earn a certain income level 

You just connect your bank account and our fancy algorithm calculates your eligibility.

And because Cleo is the cash advance app that actually cares, you get access to a whole load of other cool features. 

Stuff like:

💙 Cash back on your favorite stores

💙 Notifications when you’re about to overdraft (because we hate overdraft fees with the fire of a thousand suns)

💙 Roundup and autosave, to build your savings while you spend

💙 A budgeting tool that creates a personalized budget, specific to you

💙 Roast mode, to hold you accountable for your unhinged late night Amazon binges, and show you exactly how much you spent on Uber last month

Enjoy this post? Give it a share or send it along to a friend. You never know, it could make a big difference.
Big love. Cleo 💙

*Cleo Plus is our subscription service, which offers eligible users cashback on your money, information on your credit score, and access to cash advances (“Cash Advance”). Advance amounts will vary based on eligibility. If you don’t want to subscribe, you can also apply for cash advance by contacting our customer service at team@meetcleo.com. To learn more about eligibility, repayment, and overall terms, please visit: meetcleo.com/terms

Still have questions? Find answers below.
What's Earnin and how does it help with my cash flow?
How does Earnin verify my employment?
I don't meet the requirements for Earnin. Are there other options?
Apart from cash advances, what else does Cleo offer?
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