Need money to hold you over until next payday? These apps might help.
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Written by Carol Pope │ Edited by Amanda Push and Janet Schaaf │Reviewed December 11, 2023
Best paycheck advance apps in 2024
How Does LendingTree Get Paid?
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| Paycheck advance app | Best paycheck advance app for… | Amounts available | Timeline for free advance* | Fee for expedited advance | Subscription fee |
|---|---|---|---|---|---|
| Daily access to paycheck | Varies based on earnings, up to $1,000 a day | Next day | $3.49 or less | None | |
| Flexible repayments | Up to $500 | Two to three business days | $3.00 to $25.00 | $1.00 a month | |
| Large advances | Up to $100 a day and $750 per pay period | One to three business days | $1.99 to $4.99 | None | |
| Budgeting tools and extra benefits | $10 to $250 | Two to five days | $1.00 to $8.00 | $8.00 a month |
*Not including subscription fee, when applicable.
Paycheck advance apps at a glance
DailyPay: Best paycheck advance app for daily access to paycheck
| Amounts available | Varies based on earnings, up to $1,000 a day |
| Timeline for free advance | Next day |
| Fee for expedited advance | $3.49 or less |
| Timeline for expedited advance | Instantly or the next business day |
| Subscription fee | None |
| Does the app ask for an optional tip? | No |
| Pros | Cons |
|---|---|
No overdrafts Late fees are impossible No subscription fee Free next-day advances Don’t need a savings or checking account | Must work for a participating employer Easy access to earned wages could make it harder to stick to a budget May find check surprisingly short if you don’t keep track of what you’re spending |
DailyPay isn’t technically a paycheck advance app. Instead, it’s an earned wage access (EWA) company. Rather than fronting you the money like most paycheck advance apps, DailyPay gives access to what you’ve already earned.
The app keeps track of your working hours and displays what income you’ve earned so far this pay period. These are the funds you can access early. DailyPay then deducts your advance from your paycheck.
Generally, the EWA model is more favorable for users. You don’t need to worry about late fees or overdrafts. However, if your employer doesn’t offer DailyPay, you can’t use it.
There are only two requirements to use DailyPay. You need to work for an employer that partners with DailyPay. You must also receive your paycheck by direct deposit to a bank account, prepaid debit card or payroll card.
Dave: Best paycheck advance app with flexible repayments
| Amounts available | Up to $500 |
| Timeline for free advance | Two to three business days |
| Fee for expedited advance | $3.00 to $25.00 |
| Timeline for expedited advance | Instant when transferring to a Dave Spending Account, within one hour when transferring to an external account |
| Subscription fee | $1.00 a month |
| Does the app ask for an optional tip? | Yes |
| Pros | Cons |
|---|---|
Monthly subscription is only $1 Large advance amounts Membership allows access to a side hustle job board | Requires a Dave Spending Account to get the lowest express payment fees High express payment fees Free advances take a minimum of two days |
If you don’t have enough funds in your account to cover your advance in full, Dave will take a partial payment instead. It also doesn’t charge a late fee. Although a monthly subscription is required, it’s only $1 a month.
Expedited funds, on the other hand, can be pricey. Unless you opt to have your funds deposited into a Dave Spending Account, your express fee could be as much as $25.
At minimum, you’ll need a checking account that shows:
- At least three recurring deposits
- A total monthly deposit of at least $1,000 to unlock higher advance amounts
- A history of at least 60 days
- A positive balance
You must be a legal U.S. resident and of legal age in your state to sign up. Dave also uses your Social Security number for identity verification purposes.
EarnIn: Best for paycheck advance app for large advances
| Amounts available | Up to $100 a day and $750 per pay period |
| Timeline for free advance | One to three business days |
| Fee for expedited advance | $1.99 to $4.99 |
| Timeline for expedited advance | Up to 30 minutes |
| Subscription fee | None |
| Does the app ask for an optional tip? | Yes |
| Pros | Cons |
|---|---|
Large advances possible Quick no-fee advances No monthly subscription fee | Not all banks are eligible for expedited advances Checking account required Not available for part-time workers |
Like DailyPay, EarnIn allows you to access funds you’ve already earned before your payday. Unlike DailyPay, EarnIn deducts your advance from your checking account rather than your paycheck. Earnin also doesn’t base its borrowing limits on your earnings like DailyPay does, making larger advances more accessible.
If you use the app responsibly over time, you could get an advance of $750 per pay period. EarnIn’s fees for expedited advances (called Lightning Speed) are rather low. However, the app also accepts optional tips. These extra expenses can rack up if you aren’t careful.
Only workers who make at least $320 per pay period can use EarnIn. You must also:
- Be a U.S. resident and at least 18 years old
- Have a checking account
- Work at a fixed location or have an employer-provided email address
- Have a valid cell phone number
- Have a consistent pay schedule
Empower Finance: Best paycheck advance app for budgeting tools and extra benefits
| Amounts available | $10 to $250 |
| Timeline for free advance | Two to five days |
| Fee for expedited advance | $1.00 to $8.00 |
| Timeline for expedited advance | 15 minutes to two hours |
| Subscription fee | $8.00 a month |
| Does the app ask for an optional tip? | Yes |
| Pros | Cons |
|---|---|
Subscription comes with credit monitoring and budgeting tools No late fees Will reimburse overdraft fees | Mandatory subscription fee No free next-day advances Can take up to five days to receive advance under the free option |
When it comes to budgeting tools, Empower Financial shines. Its AutoSave feature can help you start a rainy day fund. You can also track your spending and get savings recommendations based on your bank activity.
If you don’t want to pay a fee for your advance, you’ll need to wait at least two days. Also, Empower Financial doesn’t offer live chat, and its customer service phone line isn’t open on weekends.
Like other paycheck advance apps, not all users will qualify for an advance; it depends on your income and spending habits. Generally, Empower Financial requires you to:
- Be at least 18 years old
- Have a U.S. bank account
- Have a valid phone number
You may also need to provide your U.S. government ID and documents like a pay stub or utility bill.
What is a paycheck advance app?
A paycheck advance app allows you to use your smartphone to borrow money in between paychecks. Instead of running a credit check, the app will review your bank account to determine your eligibility. Namely, it’ll look at the amount and frequency of your direct deposits. It may also consider your spending habits.
The app will use this information to decide how much of an advance you can afford and when you can pay it back. It will then transfer your advance into your checking account. Repayment is usually one to two weeks, or whenever you normally get paid. Most times, it will automatically deduct your repayment from that same account on your due date.
Paycheck advances are small (between $10 and $500) and do not have interest. Instead, they come with optional fees and tips. If you rarely use the app, this model could be beneficial. If you pay for a lot of expedited advances and leave an optional tip, you may end up paying more than you expect.
On this page
- What is a paycheck advance app?
- Paycheck advance app pros and cons
- How to compare paycheck advance apps
- What if a paycheck advance app isn’t right for me?
- How we chose the best paycheck advance apps
- Frequently asked questions
What is earned wage access?
Some paycheck advance apps (like DailyPay) keep track of your daily earnings and allow you to borrow from them directly. Then, the app will deduct your advance from your paycheck instead of your checking account.
If you’re going to take an advance, many financial experts agree that earned wage access apps offer the friendliest terms. For one, you can’t accidentally borrow more than what you’ve already earned. You also don’t need to worry about the app overdrafting your checking account on repayment day.
Still, you may find it hard to keep up with your other bills if you take many (or large) advances and end up with a small paycheck.
Paycheck advance apps vs. payday loans
Is a paycheck advance app the same as a payday loan? Not quite, but they do have similarities.
Paycheck advances and payday loans are small, usually $500 or less. Repayment periods are short, and both types usually automatically withdraw what you borrowed from your checking account. Neither requires a credit check.
However, payday loans are generally more expensive. Between interest rates and fees, it’s not uncommon for the APR on a payday loan to hit triple digits.
Tip
TipIf you’re stuck relying on paycheck advance apps or payday loans, there’s hope.
Chronically taking paycheck advances or payday loans is an easy way to get stuck in a cycle of debt. You might think you only need a little cash until the next payday, but what happens when it’s time to repay? You might end up taking yet another loan to get by. It’s just not sustainable.
Credit counseling might help. Many credit counselors work for nonprofit organizations, so they charge low (or no) fees. The counselor will work with you on debt management and help you recognize the patterns that got you into debt in the first place.
Paycheck advance app pros and cons
Paycheck advance apps are increasingly popular, but are they a good idea? Review the pros and cons to decide.
| Pros | Cons |
|---|---|
Can be helpful in an emergency. You could get cash almost instantly (for a fee). No credit check. Paycheck advance apps can be relatively easy to qualify for, and they don’t require a credit check. No interest. Paycheck advance apps don’t charge interest (although fees likely apply). Convenient. You don’t need to leave the comfort of your home. | May be expensive. Fees and optional tips can add up, especially if you take many advances over time. Does not help build credit. Paycheck advance apps don’t typically report your payments to the credit bureaus. Can cement poor budgeting habits. Easy access to funds could make it harder to keep up with necessary expenses. Risk of overdrafting. Could overdraft if you don’t have enough money in your account come repayment. |
How to compare paycheck advance apps
If you’re going to use a paycheck advance app, choose the one that best aligns with your needs (and will cost you the least amount of money).
Fees: Paycheck advance apps can charge a lot of fees, which are often confusing. In particular, pay attention to expedited advance fees, monthly subscription fees and optional tips. If it does ask for a tip, you can save money on fees by skipping it.
Eligibility requirements: You may not be eligible if you have a non-traditional job or income source.
Funding timelines: If you don’t want to pay an extra fee, pick the app that can provide the fastest no-fee advance.
App user ratings: Read user ratings on Google Play or the App Store. These can help you get a feel for the overall customer experience.
Lawsuits and controversies: Tread lightly when considering an app that’s been involved in a lawsuit. While not a guarantee, a lawsuit could point toward predatory lending.
Advance amounts: Some apps offer higher advances than others. Keep in mind that, depending on your income, you might not qualify for the maximum advance amount right away.
What if a paycheck advance app isn’t right for me?
When used sparingly, a paycheck advance could get you out of a bind. Even so, they aren’t always the best solution.
Build an emergency fund
Building an emergency fund is one of the first steps toward financial wellness. Try to sock away money when you can, even small amounts. This can seem impossible when you’re living paycheck to paycheck. Still, you might be surprised by how those small amounts add up if you can find a budgeting method that works for you.
Personal loan
A personal loan is a lump sum of money that you pay back over time (plus interest and applicable fees), in monthly installments.
A small personal loan could be easier to manage than a payday app, since you’ll have more time to pay it off. However, that extra time means your loan will be more expensive, thanks to interest. Personal loans are also harder to qualify for, but bad credit loans do exist.
Buy now, pay later apps
Like paycheck advance apps, buy now, pay later (BNPL) apps aren’t an ideal long-term solution. These allow you to make retail purchases (online or in-store) and pay them back in installments (usually four). They’re easy to use and can lead to overspending. Some apps also report late payments to the credit bureaus.
How we chose the best paycheck advance apps
We reviewed 10 paycheck advance apps to determine the overall four best apps for paycheck advances. During our evaluation, we scored apps based on the following factors:
- Fees and funding timeline (30%): Paycheck advance apps ranked higher if they do not require a subscription fee and advertise next-day funds without a fee.
- Advance amounts (30%): We prioritized paycheck advance apps that have a wider range of advance amounts. For instance, an app earned a more favorable score if its maximum advance amount is $250 or higher.
- Customer service (30%): For starters, we considered each paycheck advance app’s reputation and business practices. We chose companies with no recent Federal Trade Commission (FTC) or Consumer Financial Protection Bureau (CFPB) regulatory action. We also favored apps that have a live chat function, customer service phone number and strong mobile app user ratings.
- Credit-improving and budgeting tools (10%): Paycheck advance apps earned a higher score if they offer tools that help you monitor or improve your credit score. The same applied to budget-management tools.
Frequently asked questions
Many cash advance apps are legit. Nevertheless, bad actors are looking to take advantage of people in desperate situations.
Before you give out sensitive information, read customer reviews. You can find these wherever you download your apps. Also, you’d be wise to run the company’s name through the CFPB Consumer Complaint Database.
All of the apps listed in this article offer cash advances. If you’re looking for an app that lets you get your paycheck early (as you earn it), you will want to target earned-wage access companies. These include DailyPay and PayActiv. You’ll only have access to these if you work for a participating employer.
Many apps advertise instance advances but you may need to wait a few minutes to a few hours before the funds are available. Still, any apps on this list can get you your money quickly (for a fee).
