FloatMe is a cash advance app that will “float” you up to $50 between pay days. It also has overdraft protection alerts to help you avoid overdrawing on linked accounts. But its low $50 limit — paired with its $1.99 monthly fee and $4 instant delivery fee — means you could end up paying a lot of money for very little funding.
Our 5 top picks for apps like FloatMe
These five apps like FloatMe are worth exploring if you need more than a $50 advance:
For full paycheck advances: B9
B9 is the only app like FloatMe that gives you up to a 100% advance on your paycheck. And the best part is, instant advances are free! But this convenience comes at a cost.
You’ll pay $9.99 or $19.99 a month for B9, compared to FloatMe’s $1.99 monthly fee. So it may only make sense if you need regular access to larger amounts of cash.
Pros
- Get an advance on up to 100% of your paycheck
- No fees for instant delivery
- Open to nonresidents with an Individual Taxpayer Identification Number
Cons
- Must have $500 in monthly direct deposits to qualify
- $9.99 or $19.99 monthly fee can eat into small advances
| Loan amount | Up to $500 |
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| Interest rate type | Fixed |
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| Loan Term | Not Stated |
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| Turnaround time | Instant |
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| Loan amount | Up to $500 |
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| Turnaround time | Instant |
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For automatic overdraft protection: Chime SpotMe
If you like FloatMe’s overdraft alerts, then Chime SpotMe could be right for you. This cash advance app will “spot” you up to $200 when you overdraft on your Chime Checking account — cash withdrawals included. Plus, unlike FloatMe, there are no monthly fees: only the option to leave a tip.
Pros
- $200 limit is much higher than FloatMe
- No monthly fees or required tips
- Instant overdraft protection
Cons
- Must use a Chime Spending Account
- Limit may be $20 for new users
| Loan amount | $20 - $200 |
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| Interest rate type | Fixed |
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| Loan Term | N/A |
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| Turnaround time | Same day |
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| Loan amount | $20 - $200 |
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| Turnaround time | Same day |
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For repayment extensions: Brigit
Brigit is perfect for anyone who needs flexible repayment options — the app lets you extend your due date up to three times. Its advance limit is also much higher than FloatMe’s, giving you the option to get up to $250 in as little as 20 minutes. But unlike FloatMe, Brigit’s $9.99 monthly fee takes a much bigger bite out of your budget.
Pros
- Get an advance up to $250
- Comes with automatic overdraft protection and alerts
- No instant fee for advances
Cons
- Costs $9.99 a month
- Instant advances aren’t available to everyone
| Loan amount | Up to $250 |
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| Interest rate type | Fixed |
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| Loan Term | Varies |
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| Turnaround time | 1 to 3 days or same-day in some circumstances |
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| Loan amount | Up to $250 |
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| Turnaround time | 1 to 3 days or same-day in some circumstances |
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Earnin is another good alternative to FloatMe. It’s best for those who have hourly income from a steady employer because you have to submit your timesheet or let the app track your location (so it knows you’re at work) to qualify. That said, you can get advances of up to $500 per month, which is much higher than other apps like FloatMe. Plus, there are no monthly fees or tipping requirements.
Pros
- Get advances of up to $750 per month
- No monthly fees or obligation to tip
- Instant delivery is available
Cons
- Must submit timesheet to get advance
- Must have regular income from the same employer
- Can only borrow $100 per day
| Loan amount | Up to $750 |
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| Interest rate type | Fixed |
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| Loan Term | Varies |
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| Turnaround time | 2 to 3 days, or instant with Lightning Speed |
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| Loan amount | Up to $750 |
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| Turnaround time | 2 to 3 days, or instant with Lightning Speed |
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Read Review
For a total banking experience: MoneyLion
MoneyLion Instacash advances
If you’re looking for an app like FloatMe that offers more than just cash advances and overdraft protection, MoneyLion could be a good option. The company has a full suite of financial services, including credit builder loans and checking accounts. You can also get a larger advance of up to $500, with looser income requirements than FloatMe.
- Available in: Alabama, Arizona, California, Delaware, Florida, Idaho, Illinois, Kansas, Louisiana, Maryland, Michigan, Mississippi, Missouri, New Mexico, North Dakota, Oklahoma, South Carolina, South Dakota, Texas, Utah, Washington, Wisconsin, Wyoming
Pros
- Advances max out at $500
- Get funded in minutes with rush fee
- Other financial services available
Cons
- MoneyLion membership required
- May only qualify for a $25 advance at first
| Loan amount | $25 - $500 |
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| Interest rate type | Fixed |
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| Loan Term | Varies |
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| Turnaround time | 3 to 5 business days to external checking account, 12 to 48 hours to RoarMoney account |
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| Loan amount | $25 - $500 |
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| Turnaround time | 3 to 5 business days to external checking account, 12 to 48 hours to RoarMoney account |
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How does FloatMe compare?
FloatMe is perfect for those times when you want to avoid overdraft fees. It only costs $1.99 a month. And you can qualify for an advance when you have at least three direct deposits of $200 or more.
That said, its $50 max isn’t enough to cover most basic emergencies. And in some cases, new users may only qualify for a $10 advance at first. Throw in the $4 fee for instant delivery, and it quickly adds up.
Pros
- $1.99 monthly fee is lower than most
- Comes with overdraft alerts
- Has lower income requirements than other cash advance apps
Cons
- Instant delivery costs $4
- Max advance is only $50
- Can’t extend due date
Read our review of FloatMe
More alternatives to payday and installment loans
Payday and installment loans are two alternatives to cash advance apps like FloatMe. However, we didn’t include them on our list because they’re predatory and come with high interest rates.
For instance, the average payday loan can have an APR as high as 650%. And the typical borrower ends up staying in debt for at least 11 months and paying $520 in fees on a typical $375 loan.
Long story short, even if these five apps like FloatMe aren’t what you’re looking for, you don’t have to settle for a predatory loan. Consider these payday loan alternatives instead:
- Credit card cash advance. If you haven’t maxed out your credit card limit, see if you can get a cash advance. You may pay a 3% to 5% transaction fee, but you could avoid interest charges if you pay your balance off in full before your bill is due.
- Take out a payday alternative loan (PAL). Federal credit union members may qualify for a PAL of up to $1,000. They’re an alternative to payday loans, with APRs usually topping out around 28%.
- Find quick ways to make extra cash. If you’re really in a pinch, see if you can sell something around your house or make some quick cash on a gig app like Uber or DoorDash.
Read about more alternatives to high-cost short-term loans to find the right option for you.
