If you’re looking for cash advance apps that work with Cash App, you’ve come to the correct place. Do popular apps such as Brigit, Cleo, Earnin, Klover, Dave, and others function with Cash App? Read on to learn more about the payday loan applications that work with Cash App.
Borrowing money from a lender is possible regardless of when your next paycheck is scheduled to arrive. They provide a more affordable substitute for the expensive overdraft fees charged by conventional banks. Most cutting-edge apps, however, make money through user donations or flat, affordable prices.
Dave, Brigit, Cleo, Albert, Earnin, MoneyLion, Klover, Chime SpotMe®, etc., are just a few examples of well-known cash advance apps. Contrary to popular belief, Cash App does not support every cash advance app.
Since Cash Advance applications are essentially lending to you against your paycheck, they require knowing when you get paid and a consistent flow of direct deposits. These cash advance apps function similarly to payday loans, but they operate on a different model and end up being a more cost-effective choice.
What is Cash App?
Cash App is a mobile payment service available in the United States and the United Kingdom that allows users to transfer money to one another using a mobile phone app. In September 2021, the service reported 70 million annual transacting users and US$1.8 billion in gross profit. Wikipedia
Jack Dorsey, who is also the co-founder of Twitter, established Cash App in California in 2013. Square Inc. (formerly renamed Block Inc.) is the company that owns Cash App.
The Cash App debit card, mobile check deposit, monthly statements, and direct deposit option make it one of the most popular money management apps.
Popular Boost offers on Cash App cards and choices to invest in stocks and crypto, etc., have contributed to its rise in popularity as a go-to Finance App.
The Cash App can be downloaded and used right now in the United States and the United Kingdom.
Experts predict that more than 40 million people regularly use the app.
If you use a Cash App Card, you are also protected by the FDIC.
Cash Advance Apps that Work With Cash App
For cash advance applications to work, they need to see when you are paid and how much you get paid. Cash App users who want to use these payday loan apps may likely run into problems adding their Cash App account.
While these payday loan applications can verify your employment and banking information with Plaid, they cannot do so with Cash App because Cash App does not work with traditional banks.
Nonetheless, there are a few ways to link Cash Advance Apps to your Cash App account and send funds back and forth.
Cash Advance Apps that Work With Cash App
- Dave
- MoneyLion
- Chime SpotMe
- Albert
- Cash App Borrow
DAVE.
In Cash App, you can add your Dave debit card as a payment option if you have a Dave Spending account. Cash App users now have the ability to withdraw monies from their Dave accounts directly into Cash App for use in making purchases.
It is important to remember that Dave does NOT permit immediate transfers of funds from the Cash App to the Dave Spending Card (which normally works for other debit cards). Dave claims that the average time for a bank transfer of funds is five working days.
Dave provides payroll advances with the following terms and conditions:
The membership price is $1 each month.
Dave’s Spending Account advances incur a $0.99-$6.99 express delivery cost, with larger fees for external bank accounts.
No need to worry about interest or a credit check
A cash advance of up to $500 may be obtained (a total monthly deposit of $1,000 or more is necessary for a larger advance amount).
Dave can utilize his personal checking account that accepts direct deposits, or he can link an external bank account with his employer.
If you provide Dave with information about an external bank account, he will typically make sure the account is at least 60 days old and check for any recent negative balances. To establish qualifications and restrictions, Dave examines at least three (3) regular deposits, prior income, and current spending.
Dave’s checking account debit card is issued upon account opening. Then, you’ll be able to link this card to Cash App.
MONEYLION
If you have a MoneyLion debit card, you can link it to Cash App and move money between the two apps that way.
If you enroll in RoarMoney, you’ll be eligible for the Money Lion debit card.
The Roar Money Card can then be linked to Cash App. Instantaneous transfers to these linked debit cards are possible with Cash App. It’s important to remember, though, that transferring money to fintech debit cards isn’t always instant.
Roar Money also supports the manual procedure of adding a Cash App account, which entails providing your Cash App routing and account number. The typical processing time for an ACH transfer is between one and three business days.
The “InstaCash” feature of MoneyLion’s membership offering can provide you up to $250 in cash before your next paycheck, interest-free. It also offers payday loans to its customers.
To verify your direct deposit and account history, you can link an external bank account to MoneyLion. When linking an external bank account to MoneyLion, there are a few things to keep in mind to ensure compliance with their rules.
At least two months have passed after the account was opened, during which time regular deposits of income or checks have been made.
- There is a balance in the bank.
- You can get a cash advance of up to $250 at 0% interest.
- Neither interest nor overdue charges will be incurred.
- There will be no verification of your credit history
- Instantaneous cash advances cost anywhere from $0.99 to $7.99 in express costs.
Chime SpotMe
Adding your Chime Debit Card or Chime Bank account as a payment mechanism in Cash App is another way to use Chime with Cash App.
If you join up for Chime and arrange for a direct transfer of $200 or more, you will also have the option of using Chime SpotMe® to spot yourself a sum up to $200.
With Chime SpotMe, you can spend more than you have on your Chime debit card without having to pay any fees.
Albert
You can link your Albert Cash account and debit card in Cash App if you have one. In an emergency, you can use this to transfer money from your Albert account to your Cash App. Withdrawing money from the Cash App to this card is an instantaneous process.
On the other hand, if you try to attach your Cash App Card to the Albert App, you will be unsuccessful.
If you want to use Albert’s Instant (cash advance facility), you have to register a debit card tied to a checking account from which you withdraw money, as stated on their website.
Since prepaid and cash cards lack the necessary features to process and repay financial advances, Albert Instant does not accept them.
It also includes a list of prepaid cards that Albert Instant does not accept.
- Netspend
- Walmart Money
- BankMobile Vibe
- Card.com
- Go2Bank
- AccountNow Prepaid Visa
- American Express Reserve
- Money Network Pay Card
Even if Cash App Card isn’t mentioned by name, it’s possible that Albert is implying it.
Cash App Borrow
With the new Borrow feature, users can apply for a loan directly through Cash App, up to a certain amount. The Borrow function in the Cash App is not yet available to all users as this is currently a testing phase.
It might be argued that Cash App’s Borrow feature puts it in competition with similar applications that offer cash advances. Therefore, it is always challenging to guarantee compatibility when connecting fintech to fintech due to such competing interests.
To borrow between $20 and $200, check your Cash App to see whether the Borrow option is available. However, this is not often seen as a budget-friendly choice.
You can borrow money from Cash App at a flat rate of 5% with a four-week repayment requirement. After the grace period, interest will accrue at a rate of 1.25% per week. Therefore, it could be more pricey than competing programs but easier to implement and manage.
- Open Cash App.
- Next, tap on your Cash App balance in the bottom left corner.
- Go to the “Banking” header.
- If you see “Borrow,” you can take out a Cash App loan.
- Tap on “Borrow”
- Tap “Unlock”
- Cash App will tell you how much you’ll be able to borrow.
- Read the user agreement.
- Accept a Cash App Borrow loan.
Other Cash Advance Apps that Work With Cash App
None of the Cash Advance apps allow you to add or connect your Cash App account. It is possible to transfer money from your Cash App account to your Cash Advance App, either by linking your Cash App account to a traditional bank account or by attaching the cash advance card given by such Payday applications to your Cash App account.
Related:
Cash App Borrow Feature Not Showing (2022 Guide)
What Bank Does Cash App Use For Plaid? (Steps to link your bank in Cash App with Plaid; 2022)
