In this article, I will be detailing the top 6 best apps like Albert that can help you access small payday, cash advances when you are faced with unexpected bills. Cash advance apps are online lending platforms that let you borrow money instantly, connect to your bank account, and giving you a “pay advance” or direct deposit without any credit check. The loan amounts are typically small, with no fees or interest charges, and usually to be repaid on on your next paycheck.
What is Unique About Albert And Alternative Apps like It?
Albert is a cash advance app that offers a pay in advance services of up to $250, two days early. Not only has the company recently added online banking to Albert’s functions, the app offers investing and personal finance advice. It also allows users to build an investment portfolio in which they can choose their own stocks or let Albert do it for them. If you are looking for similar alternative apps like Albert, with these functions and with additional budgetting and finance features, you have come to the right place.
When it comes to budgeting, Albert and other apps like it do the math for you. These special category of apps categorize and track where your money goes. It’s easy to spend below your earnings as Albert and similar apps track your spending trends. They predict your earnings and recurring bills each month, so you can tell the amount left for spending.
Find Below Top 6 Apps like Albert for small cash advances before your next paycheck
Albert app has some few limitations and the reason why other apps like Albert are becoming more popular. For example, unlike some other apps similar to Albert, there is a lack of joint accounts, a $2.50 fee for using an ATM other than the free ATMs, and the inability to overdraw funds if your balance is low with this platform. These are some of the reasons why some people look into other similar apps to help with small cash advances before payday.
Some of the most reputable apps like Albert that can help you with small cash advances before your next paycheck include Chime, MoneyLion, Dave, Varo, Brigit and Cleo app among others. Most of these online applications allow same day access up to $250 with no interest or fees, and does not require credit check.
1. Chime App
Chime is one of the best apps like Albert for small cash advances. The platform offers a spending account with a debit card. But unlike Albert, a Chime account offers access to a myriad of credit building tools. They also have a program called “SpotMe”, which is a line of credit that covers purchases which would otherwise trigger an overdraft. Users must qualify for SpotMe by having a direct deposit of at least $200 put into their account by an employer, payroll provider, gig economy payer, or government benefits payer.
Chime offers a cash advance option and many personal finance features to improve your financial situation. Members can access up to $200 in a cash advance and have access to the Free debit card; Credit builder; Chime Checking account and Savings account – The Chime high-yield savings account pays 2.0% APY on all balances.
2. MoneyLion App
MoneyLion, a cash advance app available on iOS and Google Play, operates very much like Albert with its personal finance features. However, MoneyLion also offers additional options for credit building, and they help members locate beneficial financial offers. Like the Albert app, new users on MoneyLion may have access to up to $25 cash advances; however, if you link an external bank account with direct deposit, you may get up to $500 in cash advances.
MoneyLion’s lending service is called Instacash, and with it you can get up to $250 in advances. Apps like Albert such as MoneyLion do not run or require credit check to grant approval to your loan requests. However access to your current bank accounts is required. If you need your money right away, you will have to pay an additional service fee that varies depending on the amount of the advance.
3. Dave App
Dave is one of the best cash advance apps like Albert ever to exist. With Dave, you can get a small advance on your next paycheck to cover a bill. You then pay back when you pay with no interest or credit check. Unlike Albert, this app allows you to build your credit. Dave’s partnership with LevelCredit lets you report rent payments to credit bureaus. This service is usually $100 but free for Dave members.
With Dave Banking, you say goodbye to all fees – may it be overdraft fees, ATM fees, or minimum balance fees. Dave’s automatic budgeting features let you monitor your spending while paying your bills. Dave is completely free but charges only $1 per month to access their account monitoring and sending alerts.
4. Brigit
Brigit is yet another reputable app like Albert, which doesn’t require any form of credit check, and does not charge any late fee or interest charges. Brigit allows you to access up to $250 instantly with their free basic plan that also provides financial monitoring and spending insights. Their Pro Plan costs $9.99 per month but gives you everything in the basic plan, plus instant deposits, flexible repayments, identity theft protection, and credit building.
5. Earnin
Yet another app similar to Albert is Earnin, which offers early access to your paycheck and already earned wages. Earnin believes you should have access to the money you’ve earned rather than waiting for payday. With Earnin, you can access up to $100 of your earned income daily, with a maximum of $750 per pay period.
In addition to early access to your earned funds, Earnin offers a program called Balance Shield. This program monitors your linked bank account, letting you know when its balance is lower than your threshold. You can also set up automatic cash outs (early access to your earned funds) to increase your balance.
Unlike the Albert app, Earnin works with your employer, so you must provide information about your employer and bank account to receive early access to your earned funds. However, Earning works like the Albert app, in that it also connects directly to your bank account, so the funds go directly to it when you request them.
6. Cleo
Cleo is one of the best apps like Albert that lets you save, borrow, budget, and build credit. Setting up Cleo is pretty straightforward and only takes two minutes. There is always an AI assistant to help you stay on track. You can make monthly targets according to your expenses.
Budgeting can be overwhelming at times, especially if the app you are using expects you to do everything by yourself. Cleo breaks down everything for you from expenditure updates, advice, buildups, and even roasts.
This app allows you to borrow as low as $20 to $70 for a first-timer, and once you pay it back, you unlock your limit up to $100. Unlike Albert, Cleo has made a card that focuses on helping you increase your credit score. This way, you can buy that house, car, and even pay your rent.
Conclusion
Apps like Albert are structured in such a way to help you plan your finances and build up your financial stability. With other apps like Albert, you won’t be allowed to borrow more than you can reasonably afford to pay back, and they rarely charge interest or fees.
These cash advance platforms usually do not require any form of credit check. And most of them offer extra services that will allow you to grow in the long term and be stable financially, so that eventually you will not need to patronize the lending platforms anymore for a cash advance.
