How long does it take Brigit to deposit money?
One to two business days.
finder.com’s rating: 3.5 / 5.0
The Brigit app is designed to help you avoid paying overdraft fees or taking out expensive payday loans. You can borrow up to $250, but it comes at a cost: There’s a monthly membership fee, and Brigit may take a few days to get the funds into your account.
Same business day to 2 business days
Brigit is an app that allows you to request a pay advance when you’re in danger of overdrafting your bank account. It connects to your bank account, analyzes your expenses and notifies you when you’re running low on funds. At this point, it offers you a personalized advance to cover you until your next payday.
You can even enable automatic advances if you don’t have time to think about your finances. If you’re running low, Brigit automatically deposits the money you need into your bank account.
One to two business days.
Brigit automates its repayment process to keep things easy. You’ll be notified 24 hours before your due date, and your payment is automatically deducted from your bank account. There are no fees or interest charges. And if you run into trouble, Brigit allows you to extend your due date to avoid overdrafting your account.
It takes two to three business days for Brigit to process your payment. After that, you’ll be notified by text that your payment has gone through. At this point, you’re free to take out another advance whenever you need it.
Brigit charges a $9.99 monthly membership fee to take out an advance. You won’t have to pay any interest, and even if you can’t make a payment, you won’t be on the hook for any late fees. These are two features that set Brigit apart from other short-term lenders.
In general, yes — though no app can guarantee your information stays 100% safe. Brigit does its part by using a secure 256-bit encryption system to protect your personal and banking data. And unlike many payday lenders, you don’t need to provide your Social Security number to sign up.
Brigit may not have a Better Business Bureau or Trustpilot page, but it does have thousands of positive reviews on the App Store and Google Play. It earns 4.8 out of 5 stars based on nearly 11,000 iPhone customers and a 4.2-out-of-5-star rating from over 2,000 Android users.
While some reviewers had issues connecting their bank accounts or getting answers back from Brigit’s customer service team, most praised the company for how easy it was to take out an advance. And even more loved Brigit’s predictive technology that helped them avoid overdraft fees.
A Brigit pay advance might be due on your next payday, but that’s where its similarities to a payday loan ends. Here’s how the two stack up:
|Brigit pay advance||Payday loan|
|Borrowing amount||Up to $250||Typically up to $1,000, and most states allow only one at a time|
|Turnaround time||One to two business days||Typically next business day|
|Application process||Sign up through the mobile app, requires connection to an individual checking account||Simple online application, typically requires Social Security number and bank account numbers|
|Costs||$9.99 monthly membership fee||High interest rate that can equal fees of $15 to $25 per $100 borrowed|
|Availability||Anywhere in the US||Prohibited in some states|
Follow these steps to sign up with Brigit:
Once you’ve started your account, you can sign up for Safety Net membership — which costs $9.99 a month — to qualify for pay advances from Brigit.
To qualify for an advance, you’ll need to meet a few eligibility requirements:
Brigit was founded in 2017 with a mission to help people with poor credit get access to small advances. It believes these advances can make the difference between hundreds of dollars in overdraft fees and a healthy bank account. The app has over 250,000 users — many of whom have left positive reviews about how it’s helped change their finances for the better.
Brigit is a handy tool if you need a little extra cash to get by until your next payday. Its membership fee isn’t too steep — especially compared to the cost of multiple overdraft fees — and it gets rave reviews.
But if you’re looking to borrow more than $250, you’ll need to consider your other short-term loan options.
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
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