Access up to 50% of your already-earned wages — but only if you work for an eligible employer.
finder.com’s rating: 4.5 / 5.0
The Even app has garnered thousands of positive reviews because of its financial planning tools and Instapay feature, which allows you to borrow against the hours you’ve already worked. But it’s only available through specific employers, and you’ll still have to pay a membership fee to get an advance.
Kellye Guinan is a seasoned financial writer with over 500 articles under her belt spanning all things loans from auto to personal to business and everything in between. With four years in the field and five years of research experience, she's able to make complex personal finance decisions easier for everyday people to tackle. When she's not up to her knees learning about the latest trends in lending, she spends her time improving her own financial literacy and expertise.
How does Even Instapay work?
Even Instapay is a feature available to users of the Even app. If you work for an eligible employer, you may qualify for an advance of up to 50% of your paycheck based on the hours you’ve already worked. The exact amount you can borrow fluctuates, but you’ll be able to see how much you have access to anytime on the app.
Maximum withdrawal: 50% of the net pay you’ve already earned
Cost: Free, but requires Even Plus membership of $8 per month
Turnaround: One business day for bank account transfers, instant cash pickup at any US Walmart
Unlike some other pay advance apps that require you to tip or pay interest on what you borrow, Even offers interest-free cash advances. The only fee you’ll be charged is the $8 monthly Even Plus membership fee that gives you access to Instapay. However, depending on your employer, you may even receive a discount on the cost of that membership.
How repayments work with Even Instapay
Repaying your Instapay cash advance is automatic — you don’t need to do a thing. Even either deducts the funds from your next paycheck or debits them from your connected bank account. The Instapay section of the Even app will let you know where your repayment will be drawn from. If you’ve borrowed an advance well before payday, it will likely be from your next paycheck. If not, it will be through your bank account.
Additional programs available to Even users
Even is primarily a financial planning tool, not a pay advance app. Because of this, you’ll have access to a number of features that can help make managing your money easier. This includes a special savings account you can send money to each paycheck and draw from when needed, as well as bill prediction to help you keep track of your upcoming expenses.
Even also updates your finances three times a day to give you an accurate “okay to spend” amount. This is the money you have in your bank account minus the money you’ll need for bills. It uses your previous transactions to predict future expenses. So if you have more bills due at the end of the month, Even will set some money aside from each paycheck so your bills don’t leave you with no money in your account.
A basic subscription with Even is free — there are no costs to use its financial planning services. However, you’ll have to get Even Plus if you want to use Instapay. This costs $8 a month, but may be subsidized by your employer.
Unfortunately, Instapay — and Even Plus membership — is only available to employees of certain companies. If your employer hasn’t partnered with Even, you won’t be able to use Instapay. Instead, you can explore other options for paycheck advances from employers to if your company offers any of them.
What are the pros and cons of Even Instapay?
Interest-free cash advances. Instapay doesn’t require you to tip or pay interest for its cash advances.
Pick up cash instantly. If you don’t want to wait one business day to have your cash advance credited to your bank account, you can pick up your cash at any US Walmart immediately at no cost to you.
More than just a pay advance app. Although Instapay is one of the major benefits of using the Even app, you can also budget and see how much you’ll have left to spend for the pay period after your monthly bills. And soon, you’ll even be able to set up automatic savings to reach your financial goals.
Stellar online reviews. The Even app earns an average 4.9 out of 5 stars from customer reviews on the App Store and Google Play — with users praising the app’s Instapay feature and helpful financial planning tools.
Your employer must use Even Instapay. Not everyone has access to the Instapay feature of the Even app — only select employers back it.
Monthly membership fee. While you won’t pay any interest, you’re on the hook for the $8 Even Plus monthly membership fee to have access to the Instapay feature.
No list of employers. Curious if your employer uses Even? Unfortunately, there’s no list of employers on its website. You’ll have to either contact Even customer support or ask your payroll manager for more details.
Only borrow 50% of the net pay you’ve already earned. To help keep your finances balanced, Even Instapay only allows you to access up to 50% of the money you’ve already earned.
Is Even safe to use?
In general, yes — though no app can ensure your information stays 100% secure. Even does its part by using 256-bit encryption to keep your information safe from hackers. Its systems have also been checked over for security compliance, and it performs regular audits to ensure sure your personal and banking details are kept private.
What are users saying about Even?
Even gets tremendous praise from users on Google Play and the App Store, scoring an average 4.9 out of 5 stars. People are consistently happy with not only the Instapay feature — which they say helps with unexpected bills — but also the financial planning aspects of the app that are free to all users.
In addition, Even is one of the few pay advance apps to have a Better Business Bureau (BBB) page. It’s been accredited since 2015 and has an A+ rating with only two complaints — both of which date back to 2017.
Even Instapay vs. payday loans
Even Instapay isn’t a loan. This means that, unlike payday loans, you pay zero interest on the amount you borrow. However, you’ll still have to pay a subscription fee, even if you don’t use Instapay frequently.
Up to 50% of your earned wages
Typically up to $1,000, and most states allow only one at a time
One business day for bank account transfers, instant cash pick up at any US Walmart
Usually next business day
Sign up through the app, connection to bank account required
Simple online application, typically requires Social Security number and bank account numbers
$8 monthly Even Plus membership fee
High interest rate that can equal fees of $15 to $25 per $100 borrowed
To get access to Even Instapay, you need to download the Even app. Follow these steps to get started:
Download the Even app from the App Store or Google Play.
Click Create your Even account, enter your email and phone number, then click Send me a code.
Enter the security code Even texted you, then click Next.
Connect Even with your bank account. This can take up to 15 minutes.
Select your workplace.
That’s it. Once you’ve finished setting up the app, you can sign up for Even Plus to have access to Instapay.
Even Instapay eligibility requirements
Make sure you meet the following eligibility requirements to sign up for an Even Plus membership and Instapay:
Work for an eligible employer
Have a bank account with a US-based bank or credit union
Have debit card access to your bank account
Have a regular source of income that’s directly deposited into your account
Have a GPS-enabled smart phone with a data plan
More about Even
Even was founded in 2014, but it didn’t start working with users until 2015. Its mission is to free people from the constant worry that comes along with financial planning. Since then, it’s partnered with several companies to give employees access to already-earned wages and help all users better manage their finances.
Should I use the Even app?
Even is a good tool for anyone looking for an easy way to keep track of their monthly budget. But it won’t be much help if you’re looking to take out a cash advance and don’t work for an eligible company. And it caps how much you can borrow — only allowing advances of up to 50% of your already-earned wages.
Yes. If you no longer want access to Even Plus’s features — including Instapay — you can cancel by visiting the Membership section of the app and selecting Cancel membership.
It depends. There are certain cases where Even can work with a shared bank account, but you’ll likely need to reach out and discuss it with a customer service representative.
Even’s customer service representatives are available weekdays from 6 a.m. to 7 p.m. PT and weekends from 7 a.m. to 5 p.m. PT by emailing email@example.com.
Short-term loan ratings
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
We analyze short-term loan providers and similar services to help you weed out predatory lenders and find a company you can trust. We rate providers on a scale of one to five stars. Our ratings are based on factors that are most important to you, which include: loan amount, application process, fees, customer reviews and borrower experience.
How likely would you be to recommend finder to a friend or colleague?
Very UnlikelyExtremely Likely
Thank you for your feedback.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.