Paycheck Advance Apps:
Earnin is a developer of a mobile application designed to give people access to their pay beating the rigid paycheck system. The company's mobile application tracks the number of hours employee has worked and gives them access to their pay in advance without any charges or fees using electronic timesheet and direct deposit right from the smartphone, enabling users to have more financial control to pay their bills on time, avoid late and overdraft fees.
Dave is an app that provides cash advances to its members to help them avoid bank overdraft fees. Dave doesn’t charge interest — it asks for tips instead. But members do have to pay a small monthly membership fee to use the app and the maximum cash advance amount is low. Dave lets you borrow up to $100, for a fee of $1.00 payable every month. There is no interest; however, you can leave a tip to support the app.
MoneyLion is a private fintech company that offers lending, financial advisory, and investment services to consumers — empowering the American dream by providing everyone access to better products for borrowing, saving, and investing. With its built-in system of rewards, points, and incentives, MoneyLion encourages good financial behavior and better financial outcomes.