Dave pay advance app review May 2019 | finder.com

Dave pay advance app review

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Borrow up to $75 to avoid hefty overdraft fees.

Dave is designed to help you avoid overdraft fees by offering interest-free cash advances that are automatically repaid on your next payday. But you can only borrow up to $75, so it won’t be much help if you need to cover a larger expense.

How does Dave work?

Dave is a pay advance app that allows you to borrow up to $75 when you’re at risk of overdrawing your bank account. It’s free to borrow — there’s no interest or fees — but you will be on the hook for a $1 monthly membership fee. You can request an advance with Dave as often as you’d like — provided your last payment has cleared and your bank account isn’t overdrawn by more than $75.

To get started, you need to download the app to your phone. Dave only allows you to have one device per account, and your Dave account can only be connected to one bank account at a time.

  • Maximum withdrawal: $75
  • Cost: $1 monthly membership fee
  • Turnaround: Up to three days for standard delivery, and less than eight hours for express delivery

With Dave, you have two delivery options — standard or express. The standard option takes up to three business days to deliver your advance to your checking account, but is free to use as a member. The express option can be delivered to your debit card within eight hours, but will cost a small fee of $4.99.

Does Dave have any income requirements?

While Dave doesn’t check your credit score, it does ask you to meet some income requirements in order to borrow:

  • Proof of consistent income. You’ll need to show at least two direct deposit paychecks to your bank account from your employer.
  • Extra money in your bank account. Dave wants to see proof that you have some money left over in your bank account after you pay your bills.

How repayments work with Dave

You’ll pay Dave back the day you get paid, although smaller advances may be due on the Friday after you borrow. To make things easier, Dave automatically deducts your payment from your bank account. But if you have the money sooner, you can always make a manual payment.

The only time you’ll pay back more than you borrow is if you select the express delivery option or choose to tip. As long as you keep up with your membership fee, you won’t have to worry about paying any interest or late fees like with payday loans.

Additional programs available to Dave users

Dave is more than a pay advance app. When you link your bank account, Dave can monitor your transaction history and predict when a bill could leave you in the negative. This helps protect you from overdraft fees before they occur.

And if you need a little extra to get by, Dave is there with a small, fee-free advance to help you until your next paycheck.

Compare Dave to online short-term loan providers

Updated May 22nd, 2019
Name Product Filter Values Max. Loan Amount Loan Term Turnaround Time
6 months to 6 years
As soon as the next business day
Get connected with multiple lenders you might qualify with — even if you have bad credit.
9 to 36 months
1 business day
Comes with the option to change your due date so you won’t fall behind on repayments.
1 to 2 business days
Get access to tools to help you plan a career move, make some extra cash or search for a better-paying job.
1 business day
Get offers from potential lenders in minutes by filling out just one online form.
Varies by state
Varies by state
1 business day
Sign up for its discount program to get access to coupons and deals on everything from dining out to tax services.
90 days to 72 months
As early as 1 business day
Explore its online education center to get tips on budgeting, how to prioritize your bills and more.
7-30 days
As soon as the next business day
Get rewarded for making on-time repayments with better rates and terms on future loans.
Varies by state
Varies by state
1 business day
Its satisfaction guarantee means you can return the full loan amount within 72 hours if you change your mind.
Varies by state
1 to 2 business days
Plus, get access to check cashing, cell phone top ups, bill pay and more at one of its many storefronts.

Compare up to 4 providers

Compare Dave with other pay advance apps

How much does it cost to use Dave?

An advance through Dave may be free, but there is charge for the app. There’s a $1 membership fee — taken from your first paycheck of each month — that you need to pay in order to keep using Dave.

You can view when your account will be charged in the Dave Membership section of your profile on the app. If you don’t have enough, Dave will continue to try and collect the membership fee each Friday until you’re able to pay.

And since you won’t be charged any fees or interest when you borrow, Dave relies on a tipping system to sustain itself. You’re able to select a percentage that will be added to the cost of your advance, with a portion going toward Trees for the Future.

Dave doesn’t charge a late fee. However, if you don’t have enough to repay your advance, you may be banned from using the app. There are no extensions, and you won’t be able to change your payback date after you accept the advance.

What are the pros and cons of Dave?


  • Two delivery speeds. If you want to keep costs down, you can choose Dave’s standard delivery speed. But if you need funds quickly, Dave can process your request in under eight hours for a small $4.99 fee.
  • Highly rated. Dave receives a multitude of positive ratings from users in the App Store and on Google Play.
  • No fees or interest. When you borrow, you don’t have to pay a fee or interest for the amount Dave lends you — even tipping is optional.


  • Limited loan amount. Dave only offers advances of $75 or less, which may insufficient to cover larger expenses.
  • Monthly membership fee. It may be cheaper than borrowing a short-term loan or paying an overdraft fee, but Dave’s $1 monthly membership fee still means you have to pay something — even if you don’t use the service.
  • Repayment due quickly. Just like a payday loan, you’ll only have until your next paycheck to repay your loan. And for smaller amounts, you may not even have that long.

Is Dave safe to use?

In general, yes — but no app can guarantee your information stays 100% secure. Dave does its part by using a 2048-bit encryption system to keep any personal details you enter in the app safe from hackers.

Your banking information is always stored offline, and a security team monitors Dave’s data center 24/7. All of this is in addition to the firewalls and other security precautions it has in place.

What are users saying about Dave?

Dave earned rave reviews from tens of thousands of users as of January 2019. Nearly 80,000 customers have given it a 4.7 out of 5 stars on the App Store, while over 66,000 Google Play users rated it 4.6 out of 5 stars.

Positive reviews center around how easy it is to sign up with Dave and connect your bank account. While some praised the quick turnaround and said their funds showed up in their account within minutes, others criticized the extra fee you had to pay for the express delivery option. But overall, users seem to appreciate this service as a cheap alternative to payday loans.

Dave vs. payday loans

Unlike a payday loan, Dave is only available in small amounts — less than $75 — and costs almost nothing to borrow. Here’s how the two pay advance options compare:

DavePayday loans
Borrowing amountUp to $75Typically up to $1,000, and most states allow only one at a time
Turnaround timeLess than 8 hours with express delivery, up to 3 days with standard deliveryTypically next business day
Application processSimple mobile app, requires Social Security number and connection to your bank account and debit cardSimple online application, typically requires Social Security number and bank account numbers
CostsNo interest or fees, no obligation to tip, $1 monthly membership feeHigh interest rates that can equal fees of $15 to $25 per $100 borrowed
AvailabilityAnywhere in the USProhibited in some states

How do I use the app?

Follow these steps to sign up with Dave:

  1. Find the Dave app in the App Store or on Google Play and download it.
  2. Open the app and click Get Started.
  3. Dave will walk you through how it works before you enter your mobile number and create an account.
  4. Confirm your mobile number by entering your four-digit code in the app.
  5. Connect your debit card and bank account.

Once your account is created and your identity has been confirmed, Dave will start tracking your transactions. It will send text alerts if your bank account is at risk of being overdrawn, and you’ll have the opportunity to borrow up to $75 when you need it.

More about the company

Dave was started in 2016 to act as a shield between borrowers and hefty overdraft fees that banks charge. Although it’s only been around for a few years, its quickly made a name for itself, been backed by Mark Cuban and even has a social mission behind it.

A percentage of every tip you leave when you borrow through Dave goes to Trees for the Future, a nonprofit that partners with farmers in sub-Saharan Africa to help build sustainable agricultural systems. So far, Dave users have helped plant over one million trees — a success that rarely happens when you borrow from a traditional short-term lender.

Should I use the Dave app?

Dave can help if you’re on a tight budget and find yourself needing a little extra money to cover you until your next paycheck. But if you need more than $75 — or don’t have a consistent source of income — Dave might not be for you. Unhide this sentence and delete the payday loan sentence above when the comparison page is published.
Instead, you can browse other pay advance apps or read about other cash loan options if you think you’ll need a larger loan amount.

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2 Responses

  1. Default Gravatar
    KaitlynMay 1, 2019

    I typed in my last name wrong and did not realize it before I verified it. How do I change it?

    • Avatarfinder Customer Care
      JhezMay 2, 2019Staff

      Hello Kaitlyn,

      Thank you for your comment.

      If you’re updating the last name entered for the card information, here are the steps to change your bank:

      – Go to the profile section of the app
      – Look at your Account Information
      – Click on your bank under “Connected Account & Debit Card”
      – There, you’ll see an option to “Change” bank
      – Select your new bank and enter your new login information

      Hope this helps.


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