Dailypay cash advance app review

This app is one of the few to offer up to 100% of your earned income instantly. But it gets a lot of negative reviews.

Bottom line: Dailypay is one of the few pay advance apps that can advance up to 100% of your net earned wages. But it doesn’t offer much else besides pay advances. Read our full review or get our 30-second take.

1.0 ★★★★★ (3 reviews) Write a review

Details

Product NameDailypay pay advance app
Loan TermNot stated
Turnaround TimeInstant or next business day
RequirementsWork for employer that offers Dailypay

Pros

  • Receive 100% of your earned income
  • Doesn’t require Social Security number
  • Automates savings

Cons

  • Must work for a Dailypay partner
  • Negative customer reviews
  • Hard to reach customer service

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 apps 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.

DailypayTypical payday loan
Borrowing amount100% of your net earned wages$1,000, though it varies by state
Turnaround timeSame day or next business dayNext business day
Application processSet up your account connecting a bank account or debit card and request an advance as neededComplete an online application that usually requires bank account information and your Social Security number
CostTransaction fee per withdrawal, likely around $1.99 to $2.99 per transactionFee of $15 to $25 per $100 you borrow
State availabilityAll 50 statesIllegal 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.

1 - 0 of 0
Name Product Filter Values Loan amount Turnaround time Requirements
Tidal Lending
Tidal Lending
$100 to $30,000
As Soon As Next Business Day
Regular source of income, Verifiable bank account, US citizen, Ages 18+
Chime SpotMe overdraft
Up to $200
Instant
$200 in qualifying direct deposits into a Chime checking account in the last 34 days
Brigit
Up to $250
1 to 3 days or same-day in some circumstances
Bank account must have at least 60 days of activity, Balance must be above $0 and have an average minimum balance on pay day
Have up to $250 automatically deposited into your account — for a $9.99 membership fee.
Earnin
Up to $500
2 to 3 days, or instant with Lightning Speed
Direct deposit sent to a checking account, a regular pay schedule, a fixed work location or an online timekeeping system at work
A payday loan alternative. Get an advance on the wages you’ve already earned — with no fees or interest.
Possible Finance Mobile Installment Loans
Up to $500
As fast as 1 business day
Checking account with 3+ months of banking history, $750+ monthly income, live in eligible state, ages 18+
Borrow up to $500 with just a few swipes — but only for residents of 5 states.
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