FloatMe pay advance app review January 2022

Small cash advances perfect for avoiding steep overdraft fees.

Bottom line: FloatMe only allows you to borrow up to $50 before your next payday. But its low monthly membership fee and automatic savings option make up for this low maximum amount.


Max. Amount

Within 2 hours using debit card; 1 to 3 business days normally

Turnaround time


Product NameFloatMe pay advance app
Max. Amount$50
Loan TermVaries
Turnaround TimeWithin 2 hours using debit card; 1 to 3 business days normally
RequirementsDirect deposits from employer, at least $200 per paycheck, positive bank account balance, not self-employed, debit card attached to an active checking account

Review by

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 anyone 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 — and maintaining a Duolingo streak of over 1,300 days.

Expert review

FloatMe is a relatively new payday advance app with a competitive membership fee of only $1.99 a month. You won’t need to tip, and you’ll have access to automatic savings and overdraft alerts as well. But customer reviews are mixed at best. You’ll also be limited to how much you can have advanced: A very low $50 — or less for new users. If you need more, or want to go with an established app, compare your payday advance options before you sign up.


  • No credit check
  • No interest or tips
  • 30-day free trial
  • Overdraft alerts and automatic savings


  • No due date extensions
  • Doesn't improve your credit
  • Low maximum advance of $50
  • No contact information on website

How FloatMe works: Fees, features and requirements

FloatMe allows you to borrow up to $50 before your next paycheck — although new users typically only have access to $10 to $30. Like other pay advance apps, it works by advancing you the money you've already earned through work but haven't received.


  • Maximum withdrawal. $50
  • Cost. $1.99 monthly membership fee
  • Turnaround. Instant transfer to debit card or up to three business days for a bank account transfer

FloatMe has a monthly membership fee like many payday advance apps, but it isn't clear if there are fees for the instant transfer option.


FloatMe has two additional programs: Stash and overdraft alerts.

Stash is an automatic savings tool that lets you set goals and automatically contribute to them with every paycheck. It's backed by one of FloatMe's partner banks — and is insured by the Federal Deposit Insurance Corporation (FDIC) for up to $250,000.

Overdraft alerts simply notify you when you're at risk of overdrafting your connected bank account. This helps you avoid overdraft fees. And, if needed, you can use an advance from FloatMe to help you get by until your next paycheck.


You'll need to meet a few basic criteria to qualify for an advance through FloatMe, including:

  • Direct deposits from employer
  • Income of at least $200 per paycheck
  • Positive bank account balance
  • Debit card attached to an active checking account

You must be regularly employed and receive a W-2. Self-employed individuals and contract workers don't qualify for FloatMe.

How FloatMe compares to other pay advance apps

FloatMe isn't as robust as other pay advance apps, but it does have slightly less stringent requirements.

  • Maximum withdrawal: Much smaller than other apps
  • Membership fee: Lower than other apps
  • Turnaround time: About average

FloatMe reviews and complaints

FloatMe receives mixed reviews on the App Store and Google Play. While it earns high ratings overall, some users complain about the customer service. They state that their questions have gone unanswered, and some have even edited their reviews to say FloatMe failed to contact them after being encouraged to submit a new ticket request from FloatMe's staff. However, positive reviews say that the small advance was just enough to help them get by between paychecks.

Is FloatMe legit?

Yes, FloatMe is a legit app that uses standard 256-bit encryption to keep your data secure. It also utilizes Plaid, a third-party service that keeps your bank account information safe when you connect it to the app. While it doesn't have any contact information on its website, you can reach out to customer service over email through its FAQs or in the app.

Its terms of service include information about arbitration, which means you waive your right to a trial by jury or class action lawsuit if you have a legal issue with FloatMe. More importantly, it doesn't have a direct link to its privacy policy. We had to manually find the page just to access it.

Although FloatMe outlines the information it collects, it doesn't provide information on how to stop or limit the sharing of your personal information. This is unusual — so if you have any questions, reach out to FloatMe through the app for more details on how it ensures your privacy.

FloatMe app vs. payday loans

FloatMe is an inexpensive service designed to prevent overdrafts, not pay for large expenses. Because of that, it may not seem as useful as a payday loan — but avoiding large amounts of debt is a much safer option.

FloatMePayday loans


Up to $50

Typically up to $1,000, and most states allow only one at a time

Turnaround time

Instantly or one to three business days

Typically next business day

Application process

Simple mobile app signup that requires connection to a bank account and debit card

Simple online application, typically requires Social Security number and bank account numbers


$1.99 monthly membership fee

High interest rate that can equal fees of $15 to $25 per $100 borrowed


Anywhere in the US

Is FloatMe worth it?

FloatMe is one of the least expensive subscriptions for a pay advance service. Its overdraft protection and savings options also make it a good choice if you're rarely in a financial bind.

But to make membership worth it, you'd need to borrow at least two or three advances a year to make up for the annual cost of around $24 — because your borrowing limit is only $20 when you first sign up.

When compared to payday loans, it's certainly much cheaper. And its automatic savings feature can be used to help you build up a few hundred dollars over time for bigger emergencies.

But if you're unable to build savings and need frequent access to larger advances, read more about other payday advance apps to find the right option.

Frequently asked questions

Our answers to common questions about FloatMe.

How does FloatMe manage tips or commissions?

Right now, tips and commissions aren't included. FloatMe only considers earned income from your employer.

Does FloatMe support Chime and Varo accounts?

No. Like most other payday advance apps, FloatMe doesn't work with Chime or Varo, in addition to some other bank accounts. Check if your bank account qualifies on the app.

Compare FloatMe to online payday loan providers

If you need more than $50, or you want to check out options that don't require a membership, investigate other lenders you may qualify with.

Name Product Filter Values Loan amount Turnaround time Requirements
B9 pay advance app
Up to 100% of your salary
$500+ in monthly direct deposits into B9 account, checking account, ITIN or SSN, government-issued photo ID
Withdraw 100% of your paycheck with no extra fee for instant funding.
OppLoans Installment Loans
$500 to $4,000
1 business day
Direct deposit, Meet minimum income requirements, Live in eligible state
Comes with the option to change your due date so you won’t fall behind on repayments.
$1,000 to $25,000
2 to 3 business days
Be employed, have a US bank account, live in a state where Stilt operates, hold one of the following visas: F-1 and OPT, H-1B, H4, O-1, L-1, TN, J-1, DACA or be a US citizen.
Get a fair loan designed for immigrants and nonresidents.
CashNetUSA Loan
Varies by state
As fast as same business day
Regular source of income, bank account, US citizen or permanent resident, age of majority in your state
Sign up for its discount program to get access to coupons and deals on everything from dining out to tax services.
Fast5kLoans Short-term Loans Connection Service
$100 to $35,000
As soon as the next business day
Regular source of income, Verifiable bank account, US citizen, Ages 18+
Get connected with multiple lenders you might qualify with — even if you have bad credit.
LendYou Short-term Loans
$100 to $2,500
Same business day to 1 business day
$1,000+ monthly income, direct deposit, US citizen or permanent resident, ages 18+
Get offers from potential lenders in minutes by filling out just one online form.

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