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Introducing the World of Cash Advance Apps
Sometimes, life throws us curveballs that we’re not quite ready for. That car repair you didn't plan, the medical emergency that insurance didn't cover, or an unexpectedly high utility bill 🙃
And when we're hit with these unforeseen expenses, many of us could use a bit of a cash buffer.
Enter the world of cash advance apps.
(PSA: Getting a cash advance has never been easier. If eligible, Cleo can spot you up to $250* with an express fee of $3.99. No credit checks and none of that dumb interest.)
What Is a Cash Advance App?
A Cash Advance App is a mobile application that lets you access money you've already earned but haven't yet received. They act as a stopgap for your finances, providing you a cash advance and then repay when your paycheck lands 🚀
The process typically involves connecting the app to your bank account, providing some personal and financial information, and requesting the desired cash advance amount.
Once approved, the funds are deposited directly into your account, often within a few days.
Speedy.
A List of Popular Cash Advance Apps
Cleo
If you’re in need of a cash advance, the Cleo Plus feature can offer up to $250** with none of that dumb interest. Or credit checks.
Why Cleo? Well, unlike other apps, she doesn't require a specific income. And she doesn't need to verify your employment status, making her The Ultimate Gig Worker Cash Advance App.
Yeah, baby. 💗
So, How do You Get a Cash Advance?
1) Download the best money app in the world
2) Connect Cleo with your main bank account
3) Find out if you're eligible for the cash advance
4) Consider if Cleo Plus is right for you
5) Decide when you want the money
💵 Maximum amount: $250
🏦 Fees: $5.99 monthly subscription and no late fees
🚀 Speed: Three to four working days or today if you pay an express fee of $3.99
✅ Repayment: It’s up to you when you want to repay
🔎 Credit check: No
📈 Interest: Absolutely not
Brigit
If approved, you can request an advance up to your approved amount in the app. You’ll also need to choose your repayment date which is typically your next payday.
In addition to cash advances, Brigit offers a few different financial management tools, such as budgeting assistance, expense tracking, and personalized financial tips.
💵 Maximum amount: $250
🏦 Fees: $9.99 monthly subscription and no late fees
🚀 Speed: Instant
✅ Repayment: Typically your next payday but Brigit says if you need an extension, you won’t be charged
🔎 Credit check: No
📈 Interest: Nope
Klover
If eligible, you could get a cash advance of up to $200. No interest or late fees. You just need to sign up and link your bank so it knows where to send your money.
💵 Maximum amount: $200
🏦 Fees: $3.99
✅ Repayment: Your next payday
🔎 Credit check: No
📈 Interest: No
If you’re looking for more ways to get your paycheck early, here’s How to Get A Cash Advance 💖
Choosing the Right App for You
With the help of cash advance apps, gone are the days when you'd have to anxiously wait for payday or risk hefty overdraft fees. However, remember that these apps are not a long-term solution to ongoing financial issues. If you find yourself repeatedly relying on them, it might be time to look at your budget and see where you can make changes.
In an ideal world, you wouldn’t need a cash advance to help you get your paycheck early. If you haven’t already, perhaps make a budget and start an emergency pot for those unexpected expenses 🚘
With Cleo you can set money goals, create save hacks like round ups and swear jars, access easy withdrawals, and create custom plans to help you save even more each month. Cleo helps you do what's right for you. She can easily show you how to improve your spending habits, help you avoid those pesky overdraft fees and build a plan you can actually follow 📱
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 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.
FAQs
Still have questions? Find answers below.
What is a Cash Advance App?
What are the benefits of using cash advance apps like Cleo, Earnin, Brigit, and Klover?
How do I get a Cleo cash advance?
Are cash advance apps a long-term solution for financial issues?
