While these don’t offer traditional cash advances, they can still hold you over until payday. Some other apps simply provide overdraft protection. For faster advance needs, you can choose a cash advance app that works with a debit card and pay a fee for an instant deposit. If you’re approved, you might get your advance within a few business days if you have it sent to your checking account. When you make an account with a cash advance app, you’ll provide your personal, employment and banking information for review. resident who’s 18 or older, having a steady job with verifiable deposits and linking a checking account through a supported bank. To apply, you must meet the cash advance app’s eligibility requirements. A loan app may also charge extra for express deposits.
Advances are usually interest free, though you may pay a fee or optional tip. An app instead reviews your employment information, checking account and borrowing activity to decide your eligibility and loan amount. These payday advances don’t involve credit checks.
When payday arrives, the mobile app usually withdraws the advance amount and any fees from your linked bank account. These funds may be deposited to a debit card or into your checking account. They typically give you access to a portion of your next paycheck, up to a limit set per day or pay period. Cash advance apps are popular alternatives to payday loans.
