Dailypay cash advance app review

Our take on Dailypay

Dailypay is one of the few apps that offers advances on 100% of the wages you’ve earned in a pay period. This makes it a good option for someone who needs a larger advance than your standard cash advance offers. Other apps like Brigit or Dave only offer a few hundred dollars or up to 50% of your earned income.
But Dailypay can be more limiting than other options. You only qualify if your employer is a Dailypay partner, and the other financial wellness perks are limited to a few features to help you build savings. By contrast, employer-based app Payactiv offers free financial coaching and has a limited cash advance service that’s independent from your employer.
Dailypay also gets numerous negative customer reviews, with customers often reporting app functionality issues, and dismal customer service. If you’re looking for an app that can help you manage your money better, you may want to compare other cash advance options.

Dailypay overview

Dailypay works by moving your earned wages into a Dailypay bank account, which updates at the end of each day you work. If your employer uses Dailypay, you can transfer the funds from your Dailypay account to your own bank account or a debit card at any time. Dailypay charges a transaction fee each time you request a cash advance, though it doesn’t state how much the fee is on its website.

Features

• Receive up to 100% of your earned wages at any time during the pay period.
• Dailypay deducts taxes and other withholdings to prevent you from overborrowing.
• Transfer funds instantly or the next business day.

Requirements

The only requirement to use Dailypay is that you must work for an employer that offers the service. You don’t even need to have a Social Security number. If your employer doesn’t yet offer Dailypay, contact your human resources department to make a signup request.

Other features

Dailypay has a free savings tool meant to automate your savings habits. Other than that, most of Dailypay’s features are timesaving tools for employers that employees won’t benefit from as much.

Dailypay reviews and complaints

BBB accredited	Yes
BBB rating	B
BBB customer reviews	2.78 out of 5 stars, based on 130 customer reviews
BBB customer complaints	179 customer complaints
Trustpilot Score	1.8 out of 5 stars, based on 34 customer reviews
App Store Score	4.8 out of 5 stars, based on 35,169 customer reviews
Google Play Score	4.4 out of 5 stars, based on 14,352 customer reviews
Customer reviews verified as of	03 November 2021

While the Dailypay app earns a high score on both Google Play and the App Store, a majority of recent reviews are negative. Complaints mostly center around the app not working properly and difficulties getting customer service when the app malfunctions. Don’t let its high app store rating mislead you — many users who rate it negatively give it five stars so their reviews aren’t sidelined.
I also had trouble connecting with customer service while writing this article, since the only way to get in touch is by email. Some customers also complain about a slow turnaround time.

Dailypay vs. payday loans

Cash advance apps can be a less expensive alternative to payday loans with fewer risks to the borrower. Here’s how Dailypay compares to a traditional payday loan.

	Dailypay	Typical payday loan
Borrowing amount	100% of your net earned wages	$1,000, though it varies by state
Turnaround time	Same day or next business day	Next business day
Application process	Set up your account connecting a bank account or debit card and request an advance as needed	Complete an online application that usually requires bank account information and your Social Security number
Cost	Transaction fee per withdrawal, likely around $1.99 to $2.99 per transaction	Fee of $15 to $25 per $100 you borrow
State availability	All 50 states	Illegal in some states

Is Dailypay safe to use?

In general, yes — though no app can ensure your information stays 100% secure. Dailypay states that it has the highest security certifications in the industry and that it uses bank-level security to encrypt and secure its customers’ information.
Dailypay won’t share your details outside of Dailypay, other than with regulators, your employer and other service providers needed to make the program work. If you have any questions, you can contact Dailypay by submitting a ticket on the website.

Is Dailypay worth it?

Dailypay could be worth it if you need an advance on more than 50% of the wages you’ve already earned for the month — most other providers don’t offer this amount. But if you’re looking for an app that can help you manage your finances, another provider might be a better choice. Its lack of customer support also raises some red flags.
If your employer doesn’t already offer this option, read about other cash advance apps before you recommend Dailypay to HR.

Compare cash advance apps

These apps can offer paycheck advances and don’t require you to work for an eligible employer. Select your state to compare apps available in your area. Visit our guide to cash advance apps to learn more about how they work.

DailyPay pay advance app is not currently available on Finder

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