In this article, I will be reviewing top 6 reputable apps like Earnin that can provide you access to small cash advances when you are hit with an unexpected bill or a financial emergency while you repay at your next paycheck.
Imagine if your bills are due earlier than your payday, then a few stressful days may be around the corner. Apps like Earnin can provide a helping hand in such situations. The assistance isn’t free, of course, but it’s better to pay a small consideration than to sit without electricity or water for days.
Therefore if you’re short on cash and need a little money to push on, until your next paycheck, the Earnin app and other alternatives like it may help. Alternative payday apps that work like Earnin may offer no-interest small cash advances or ask for tips instead of charging customers fees.
What is Earnin?
With Earnin, you get paid today, from the pay you’ve already earned, without hidden fees or interest. The app provides you loan access up to $100 per day. Also there are no mandatory monthly fees or interest with this app. You choose what you want to pay to support the service.
This method of offering ‘tip’ as consideration for the pay on demand service is a radical change from the way the American financial system typically functions.
Top 6 Best Apps Like Earnin For Small Cash Advances 2023
If you are experiencing financial difficulty or living from paycheck to paycheck and you need some small and instant credit line to help sail through your financial emergency until payday, then alternative apps like Earnin is available to help you bridge this gap.
Some of the best apps like Earnin for superfast instant cash advances include MoneyLion App, DailyPay App, Bridget App, Branch App, Chime App, Current App, Dave App, Albert App, Empower App and Even App among others. These online lending platforms can help you access between $100 to $250 from the pay you’ve already earned, without hidden fees, interest or overdraft charges and with no credit check.
1. MoneyLion App
MoneyLion is one of the best cash advance apps like Earnin in the loan market today. The platform operates a personal finance app that offers useful banking tools, including a RoarMoney account, giving users early access to direct deposit paychecks.
MoneyLion Credit Builder Plus program offers credit-builder loans up to $1,000 to be repaid over 12 months (with a $19.99 monthly fee). The app will report your payments to the major credit bureaus to help you improve your credit score.
MoneyLion’s Instacash feature is for cash advances up to $500 with 0% APR. Standard delivery is free, and can arrive between 24 hours and five business days. To be eligible, you need to have an active linked checking account that’s been open for at least two months, receives direct deposits, and shows a positive balance.
2. DailyPay App
DailyPay is another cash advance app similar to Earnin that can help solve your urgent financial needs when you’re low on cash without attracting hefty overdraft fees on your account. Certain companies participate in DailyPay, an app that allows employees to access part of their earned paychecks on demand. This means that you can cash out before your paycheck arrives. Best of all, there are no fees to access your pay early.
Whenever you clock in for a shift, your earnings for the day will be added to your DailyPay account. You can transfer the earned amount to your bank account any time you want and DailyPay, a very reputable app like Earnin, will deduct the advances from your salary when payday comes around.
3. Brigit App
Brigit is one of the best alternative apps like Earnin that let you borrow money and pay back when your next paycheck is deposited. The online pay advance app offers up to $250 of your next paycheck.
Brigit app is specially designed to help you avoid overdraft fees on your checking account. However unlike Earnin, Brigit charges you a monthly membership fees of $9.99, but offers up to $250 per pay cycle. And if you’re short on cash and need extra time to pay, Brigit lets you extend your due date. You can ask for one extension for every two consecutive advances you pay back on time. By doing this, you can store up to three extensions for use at a later date.
4. Chime App
Chime is one of the most trusted and reliable apps like Earnin. The platform allows you request up to $200 but you have to start building your account to qualify. However if you’re in urgent need of a little cash, Chime can lend you up to $100 before your paycheck arrives.
With Chime’s Spot Me feature, you can overdraw up to $200 on your account depending on your repayment history. The service is completely free to use. It charges zero maintenance fees, no transaction fees, no minimum balance fees, nor any hidden fees.
5. Dave App
Dave is yet another reputable platform on our list of best apps like Earnin for small cash advances. With Dave, you get paid up to two days early, build your credit history, and get up to $200 cash advances without paying a fee.
However there may be limitations to the pay advance amount on offer. First of all, you can’t expect a lot of money. Most of them offer about $100 to $500 and in most cases, you have to pay the money back in a month. The Dave app has no minimum balance fees, overdraft fees or ATM fees (via the partnered 32,000 MoneyPass ATMs only). But Dave does charge a $1 monthly membership fee.
One unique feature about Dave over Earnin is its partnership with LevelCredit, which reports your rent payments to the major credit bureaus, and in turn help you build your credit score (as long as you make payments on time). Additionally, Dave sends alerts if your account balance is low, helping you avoid overdraft fees.
6. Albert App
Albert, an all in one financial app that works similar to Earnin, provides you with an interest-free cash advance up to $250 against your next paycheck. When you make a request, Albert sends the money directly into your bank account while you repay upon deposit of your next paycheck.
Albert is a veritable alternative app like Earnin in that it is free to use, and there are no late fees or interest on your cash advances (unless you need an instant delivery, which comes with a small fee). With the platform, you can manage your money with banking, budgeting, saving, and investing features—all in one platform.
Albert also includes a Smart Savings tool that analyzes your spending and sets aside money to help you reach your financial goals, and an Albert Cash account with early direct deposit and cashback rewards. Albert Savings and Albert Cash are FDIC-insured, and investment accounts are SIPC insured.
What Is Earnin And How Does It Work?
Earnin is a digital finance app that gives you part of your upcoming paycheck before payday. It is not a lender and does not offer personal loans, instead, it allows employees to access their own money and later repay it out of their next paycheck.
What you should know about apps like Earnin
Apps like Earnin may come with helpful features like no-interest cash advances and additional tools to help you avoid overdrawing your account. But some of these apps do charge a membership fee or other charges, so you’ll want to choose carefully. Many of these apps could be a good potential alternative to taking out payday loans, which can come with APRs as high as 400%.
Does Earnin Work With Chime?
Keep in mind that Earnin doesn’t work with Chime or Varo due to issues with maintaining connectivity. So you’ll likely want to find other cash advance apps like Earnin that work with these new digital banks.
Why are cash advance apps like Earnin better than payday loans?
Earnin and other cash advance apps are similar to payday loans as they both allow you to quickly borrow money for the short-term, usually without a credit check. Where they differ is in interest rates. Payday loans have high-interest rates, which can be difficult to repay fully and eventually trap you into debt. Cash advance apps don’t have high-interest rates, and limit how much you can borrow at a time, making it easier to repay and making you steady financially.
How quickly will I get credited with apps like Earnin?
How quickly you get funds from Earnin or other apps like Earnin depends on how long it takes to apply and be approved (typically one to two days), as well as how long your particular app guarantees cash transfer. Often cash advances can transfer to your account within minutes up to three business days
What apps let me borrow money instantly?
Earnin app and similar apps like it such as Empower, Chime, MoneyLion, Dave, and Brigit can instantly transfer money to your bank account. However there is usually a fee for speedy delivery, but the upside is that it can sometimes get to you in minutes.
What app will give me $50 instantly?
Best $50 Instant Loan Apps
- Dave
- Albert.
- Chime.
- Earnin.
- Empower.
- PayActiv.
- MoneyLion.
- Cleo.
- Branch.
- Brigit
What app can let me borrow $100 dollars?
There are quite a number of apps like Earnin that will lend you $100 for an emergency. They are often called cash advance apps and they don’t charge interest or fees. Moreso the loan tenor is typically within a month. Using personal loans occasionally to get through an emergency is okay, but don’t make a habit of it. Apps like MoneyLion, Brigit, PayActiv, and Cleo and Albert lend you money instantly.
Conclusion
Alternative apps like Earnin offer thousands of Americans the opportunity and privilege to borrow small amounts of money such as like $50, $100, $150, $200 and $250 in the form of payday advances. Some may have additional features such as credit-building, saving and budgeting tools, but may require a monthly membership fee.
Many of the cash advance apps like Earnin may come with helpful features like no-interest cash advances and additional tools to help you avoid overdrawing your account. But some of these apps such Dave, Earnin, Empower, Chime and Brigit among others do charge a membership fee or other charges, so you’ll want to choose carefully. Many of these apps could be a good potential alternative not just to Earnin, but to taking out payday loans, which can come with APRs as high as 400%.
