Cash advance apps are a great convenience if you need a few bucks to tide you over until payday, but what if you need more? An emergency car repair or unexpected medical expense could easily require more than the $200 to $250 most cash apps provide.
Fortunately, a number of cash advance providers offer advances up to $500 with no credit check required. But you’ll still need to meet (or exceed) income or deposit requirements and satisfy other criteria to qualify.
Many cash advance providers offer $500 advances with no credit check, but it’s unlikely you’ll get that amount on your first try.
Most apps start with small advances — say, $20 or $50 maybe. Then, if you have fairly substantial deposits and pay off initial advances by the due date or earlier, you could eventually qualify for $500 cash advances.
The process of getting a cash advance is pretty straightforward:
Some providers may require you to sign up for their bank account or debit card to qualify for advances, and you might need to have direct deposit, too.
Keep in mind that you probably can’t get a $500 advance right away. Typically, you’ll only be offered smaller loan amounts at first.
Compare these cash advance apps that offer $500 advances. Be sure to consider mandatory monthly membership charges and instant transfer fees.
| Cash advance app | Advance amount | Cost | Turnaround time | |
|---|---|---|---|---|
| Chime MyPay | Up to $500 | No membership fee | Within 24 hours or $2 for instant transfers | |
| EarnIn | Up to $150/day, with a max of $1000 between paydays | No membership fee | 1 to 2 business days or within 30 minutes for a fee | |
| Opploans | $500 to $5,000 | Up to 195% interest | As soon as the same business day | |
| Current | $50 to $750 | Free | Up to 3 days or within an hour for a fee | |
| Varo | Up to $500 | $1.60 to $40, available for qualified members. | Instant, once qualified | |
| B9 | $30 to $500 | $11.99 or $19.99 monthly | Instant | |
| Branch | Up to 50% of paycheck, up to $1,000 | Available to employees at a company that offers the app as a benefit. | Within 3 business days, instant with delivery fee | |
| DailyPay | Up to 100% of earned wages, $1,000 daily limit | No fee, available for qualified consumers | 1 to 3 days or instant for a fee | |
| Dave | Up to $500 | Up to $5 | Free instant transfers to Dave Checking, up to 3 business days for free, or within an hour for a fee | |
| ONE@Work | Up to 50% of earned wages | No membership fee. | Same day if employer has configured this benefit. If not, small fee applies | |
| Payactiv | Up to 50% of earned wages per day | Free | Within 1 to 3 or days or instant onto Payactiv card or for a fee | |
| Possible Finance | $50 to $500 except in California, where max loan amount is $250 | Varies by state, but typically $10 to $25 per $100 borrowed | As fast as 1 business day | |
| SoLo Funds | $20 to $625 | No fees, but asks for (optional) tips and donations | As soon as same day or instant for a fee | |
| Wisely | Undisclosed, based on earned wages | Free | Instant to Wisely card |
Even though most cash advance apps don’t charge interest or late fees, they’re not free. You’ll often pay a monthly membership fee to gain access to advances, costing up to about $20. However, some cash advance apps don’t require a subscription.
In most cases, you’ll also pay a fee for instant transfers, which could run you anywhere from a small flat fee up to $25 or more. If you don’t need the money right away, you can typically have the funds transferred to you within a few days at no charge.
Depending on when you download the app, it could take a couple of days to verify your banking information and identity, although some apps may be faster than others.
Once verified and approved, you can get the funds within one to five days, depending on the provider. If you need the money faster, you can usually have the funds in your account within minutes for a fee.
If you really need $500 today, consider a short-term loan. While a credit check is usually required, a lender like OppLoans does a soft instead of hard credit pull and offers small, fast-funding loans starting at $500 that aren’t as expensive as other installment lenders.
Eligibility requirements vary by lender, but most share similar criteria:
Many providers also stipulate that you get paid by direct deposit, but a few cash advance apps don’t require direct deposit. You may also need to meet minimum income or deposit requirements to qualify, which vary by lender.
It’s important to weigh the advantages and disadvantages of cash advance apps before you pick one (or more).
There are a few things to consider when choosing a cash advance app.
If you don’t qualify for a $500 cash advance or want to borrow a large amount, consider these alternatives. However, some options may require a credit check.
It is possible to get a $500 cash advance today, but it depends on whether you meet the qualifications required by the app and can prove that you have a history of qualifying deposits. Plus, the cash advance provider needs to verify your identity.
Depending on when you apply and how quickly the process is — which may vary by app — you may not be able to get the advance the same day you sign up. But if you’re already signed up and qualified, you could potentially get a $500 cash advance in minutes.
Yes. In most cases, cash advance providers are not concerned with your credit score. As long as you meet the basic requirements, have enough qualifying deposits and have a solid history of banking activity, your credit score should not affect your ability to get a $500 advance.
Quite a few apps let you borrow $500 instantly, but your employer may need to be partnered with the provider to qualify.
Some apps, such as Dave, SoLo Funds, MoneyLion and Possible, have $500 cash advances available to anyone with a job or steady source of income.
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