These cash advance apps help employees access their earned income when needed. This allows for peace of mind to meet financial obligations without having to wait for payday.
5 cash advance apps that work with PayPal
In a time where 69% of American consumers report they use PayPal as their top digital wallet, according to a Forbes Advisor survey, there’s no question that cash advance apps associated with PayPal may seem like a compatible option for employees. Since not all cash advance apps out there are integrated with PayPal, we broke down a total of 5 cash advance apps that are.
- Best for no-interest advances: MoneyLion
- Best for no tip requirement: Chime
- Best for advances less than $250: Varo Advance
- Best for no overdraft fees: Dave
- Best for offering 100% of earned income: Dailypay
Best for no-interest advances: MoneyLion
MoneyLion Instacash advances
MoneyLion provides Instacash, a cash advance service that offers interest-free cash advances of up to $500, with the potential to increase to $1,000 based on qualifying income. This service, available through the MoneyLion app, does not require a credit check, making it a convenient option for users in need of quick funds.
- Available in: Alabama, Arizona, California, Delaware, Florida, Idaho, Illinois, Kansas, Louisiana, Maryland, Michigan, Mississippi, Missouri, New Mexico, North Dakota, Oklahoma, South Carolina, South Dakota, Texas, Utah, Washington, Wisconsin, Wyoming
|$50 - $500
|Up to 5 days or instant for a fee of $0.49 to $8.99
Best for no tip requirement: Chime
Chime is an online banking platform, with its SpotMe feature recognized for its quick transactions and absence of fees, making it a dependable choice for many users. If you're a Chime customer with an active debit card, its SpotMe feature can help you avoid costly overdraft fees.
To qualify for SpotMe, you must have a qualifying direct deposit of at least $200 sent to your Chime checking account every month. While $20 in overdrafts isn't much, Chime may raise your overdraft feature limit up to $200 based on your direct deposit activity, spending habits and other factors.
Chime is a financial technology company, not a bank. Banking services provided by The Bancorp Bank, N.A. or Stride Bank, N.A., Members FDIC. Direct deposit: Early access to direct deposit funds depends on the timing of the submission of the payment file from the payer. We generally make these funds available on the day the payment file is received, which may be up to 2 days earlier than the scheduled payment date. SpotMe: Chime SpotMe is an optional, no fee service that requires a single deposit of $200 or more in qualifying direct deposits to the Chime Checking Account each at least once every 34 days. All qualifying members will be allowed to overdraw their account up to $20 on debit card purchases and cash withdrawals initially, but may be later eligible for a higher limit of up to $200 or more based on member’s Chime Account history, direct deposit frequency and amount, spending activity and other risk-based factors. Your limit will be displayed to you within the Chime mobile app. You will receive notice of any changes to your limit. Your limit may change at any time, at Chime’s discretion. Although there are no overdraft fees, there may be out-of-network or third party fees associated with ATM transactions. SpotMe won’t cover non-debit card transactions, including ACH transfers, Pay Anyone transfers, or Chime Checkbook transactions. See Terms and Conditions.
Best for advances less than $250: Varo Advance
Varo Advance, provided by Varo Bank, offers instant access to up to $100 in cash through the Varo Bank app, with no interest and only a small fee per advance. Upon qualification, customers are assigned a credit limit ranging from $20 to $250 based on their account activity, balances and direct deposits, providing a convenient and transparent short-term financial solution.
|$20 - $250
Best for no overdraft fees: Dave
Dave is a well-known banking app that offers small cash advances of up to $500, in addition to credit-building services and automatic budgeting tools. The app charges a $1 monthly membership fee for its services and a small fee for “Express” funding, which allows users to receive their advance in less than eight hours. Unlike some of its rivals, Dave is recognized for waiving overdraft fees for its customers and providing various features, including overdraft warnings and budgeting tools.
Best for offering 100% of earned income: DailyPay
DailyPay is an on-demand pay platform that lets workers access their earned pay early. The platform is compatible with various payment methods, including debit cards, although not all US banks support direct transfers to debit cards. Unlike some competitors, DailyPay is not a loan or a paycheck advance but rather a means for employees to transfer their already-earned pay to their bank account or card, offering a convenient alternative to traditional payday cycles.
|100% of your earned income, $1,000 limit per day
|Instant or next business day
How we chose these providers
We evaluated various pay advance apps compatible with ADP, comparing loan amounts, turnaround times, fees and eligibility.
Does my cash advance app work with PayPal
If you have a favorite app that didn’t make our list, it might still work with ADP. Browse our table to see which cash advance, payday loan and installment loan apps will or won’t work with the app.
Should I stick with PayPal?
If you’re considering using cash advance apps compatible with PayPal, weigh the pros and cons. These apps provide a convenient way to access funds, and the integration with PayPal offers a secure and familiar platform for transactions.
However, not all cash advance apps are compatible with PayPal. For example, popular cash advance apps such as Brigit may not be connected with PayPal yet. If PayPal compatibility is a priority for you, research other options.
Pros and Cons of PayPal
Here are the pros and cons of using cash advance apps connected to PayPal:
- Quick Access to Funds: Some cash advance apps allow you to get your money within minutes, helping you effectively manage your finances.
- Secure Transactions: When integrated with PayPal, these apps provide a secure and familiar platform, ensuring the safety of your financial activities.
- Convenience: Cash advance apps linked to PayPal offer a straightforward way to access funds and transfer money directly to your PayPal account, providing flexibility and user-friendly options.
- Potential Fees: Certain cash advance apps associated with PayPal may charge fees, reducing the amount of earned wages you can access. This is especially the case if you use a debit or credit card.
- Limited Integration: Not all cash advance apps are fully integrated with PayPal, limiting the choices available.
- Transfer Speed: Some apps may take longer to process fund transfers to PayPal, affecting the speed at which you can access your funds.
Alternatives to Cash Advance Apps for PayPal customers
If you are a PayPal user or exploring alternative options, select solutions that align with your financial needs. While PayPal and its associated apps provide employees with quick fund access, they may not be compatible options for everyone. If you prefer cash advance apps not in partnership with PayPal, you may find the following alternatives helpful:
- Consider a Payday Alternative Loan (PAL) offered by some credit unions to help members avoid the pitfalls of payday loans.
- Explore small-dollar bank loans with lower interest rates compared to payday loans.
- Seek financial counseling to create a sustainable budget that supports your basic needs and lifestyle.
These alternatives offer additional choices for accessing funds ahead of payday, allowing you to explore a variety of options before deciding.