Cash advance apps help people access their earned income when needed. This allows for flexibility and peace of mind to meet obligations without waiting for payday.
There’s no shortage of cash advance apps on the market, but to use the apps, they’ll have to pair with Venmo. And, depending on which third-party app you’re using, you may have to watch for additional fees in the form of a fixed-dollar amount or a rate.
5 cash advance apps that work with Venmo
With more than 90 million users across the globe, Venmo has become a popular app for instant money transfers. Venmo reports that consumers are 19% more likely to use its service than traditional payment methods. If you’re one of the many who rely on Venmo and are in the market for a cash advance app, here are five of the top cash advance apps that pair with Venmo.
- Best for overdraft protection: Chime SpotMe
- Best for no credit check: Albert
- Best for speed flexibility: Dave
- Best for interest-free cash advance: MoneyLion
- Best for no membership fee: Klover
Best for overdraft protection: Chime SpotMe
Chime's SpotMe feature is recognized for quick transactions and zero fees. Overdraft coverage starts at $20, but with regular deposits and a solid account history, it can increase up to $200. Chime also allows you access to your paycheck up to two days early if you receive direct deposits to your Chime account.
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Pros
- No fee service
- No credit check required
- Free overdraft protection
Cons
- Mixed customer reviews
- Won't cover non-debit card purchases such as ACH transfers
- Low starting overdraft amount of $20
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| Loan amount | Up to $200 |
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| Loan Term | Next deposit |
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| Turnaround time | Same day |
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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.
| Loan amount | $20 - $200 |
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| Turnaround time | Same day |
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| Costs | No fee |
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Best for no credit check: Albert
Albert is a cash advance app that seamlessly integrates with Venmo, allowing users to access quick funds of up to $250. The app offers a simple process where users can link their bank account, request the desired amount and receive the money within minutes. In addition to cash advances, Albert provides other personal finance features such as early direct deposit and opportunities to save and invest money.
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Pros
- 10 days to pay the overdraft
- All-in-one app with investing and saving features
- FDIC insured up to $250,000
Cons
- No customer service number
- Limits capped at $250
- Bank account must have long transaction history
- Active Genius subscription required
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| Loan amount | Up to $250 |
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| Loan Term | N/A |
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| Turnaround time | 2–3 business days or instant for a fee |
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| Loan amount | $25 - $250 |
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| Turnaround time | 2–3 business days or instant for a fee |
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| Costs | $14.99 monthly subscription to access overdraft protection |
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Best for speed flexibility: Dave
Dave is a well-known banking app that offers cash advances up to $500 with no interest charges or late fees. The app charges a $1 monthly membership fee for its services. It also offers a full suite of credit-building services and automatic budgeting tools.
With Dave, you'll have your pick of two delivery speeds. Standard delivery is free but can take up to three days. However, users can get an instant advance for a fee of up to $15, depending on the amount of your advance.
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Pros
- No late fees or interest
- Banking and budgeting features
Cons
- Instant transfer fees range from $3 to $15
- Short repayment date (next paycheck)
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| Loan amount | Up to $500 |
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| Loan Term | Varies |
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| Turnaround time | Up to 3 business days, or instant for a fee |
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| Loan amount | Up to $500 |
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| Turnaround time | Up to 3 business days, or instant for a fee |
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| Costs | $1 monthly membership fee and express delivery from $3 to $15 fee |
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Best for interest-free cash advance: MoneyLion
MoneyLion Instacash advances
MoneyLion's Instacash feature allows existing customers to access cash advances of up to $500 with no mandatory fees. However, the disbursement of advances may take up to five days, and they are distributed in increments of $100 max. Unlike some competitors, MoneyLion doesn't charge overdraft fees and provides the option to extend your repayment date, making it a convenient option for covering one-time emergency expenses.
- Available in: Alabama, Arizona, California, Delaware, Florida, Georgia, Idaho, Illinois, Kansas, Louisiana, Maryland, Michigan, Missouri, New Mexico, North Dakota, Oklahoma, South Carolina, South Dakota, Texas, Utah, Washington, Wisconsin, Wyoming
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Pros
- No overdraft fees
- Option to extend repayment date
- Cash advances up to $500, larger than some competitors
Cons
- Funds can take up to 5 days unless you pay a fee
- Your bank account must have a positive balance and be 2 months old
- Need to pay $19.99 a month to unlock $700 in InstaCash
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| Loan amount | Up to $500 or $1,000 with RoarMoney account |
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| Loan Term | Due by your next pay date |
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| Turnaround time | Up to 5 days or instant for a fee of $0.49 to $8.99 |
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| Loan amount | $50 - $500 |
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| Turnaround time | Up to 5 days or instant for a fee of $0.49 to $8.99 |
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| Costs | $29 monthly fee if you have a Plus membership |
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Best for no membership fee: Klover
Klover is a cash advance app that offers up to $200 in advances based on bank account eligibility and participation in its points program. The points program involves completing tasks to earn points that can be converted into dollars for advances or to cover fees. However, Klover generates revenue by collecting aggregate user data that is shared with partners, which may raise privacy concerns for some users.
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Pros
- No credit check
- No membership fees
- Turn rewards points into cash
Cons
- Can only access up to $200
- Need three consistent direct deposits from employer
- May need to wait 6 weeks to get funds
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| Loan amount | Up to $200 per pay period |
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| Loan Term | Until your next payday |
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| Turnaround time | As soon as the same day with fee; 2 to 3 business days for no fee |
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| Loan amount | Up to $200 |
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| Turnaround time | As soon as the same day with fee; 2 to 3 business days for no fee |
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| Costs | No fees for basic advance, $3.99 membership fee for financial management service, $2.99 to $12.29 express funding fee |
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How we chose these providers
We evaluated various pay advance apps compatible with Venmo, comparing loan amounts, turnaround times, fees and eligibility.
Does my cash advance app work with Venmo
If you have a favorite app that didn’t make our list, it might still work with Venmo. Take a look at our table to see which cash advance, payday loan and installment loan apps will or won’t work with the app.
| Advance America | Payday loan | | |
| Albert | Cash advance | | |
| Branch | Cash advance | | |
| Brigit | Cash advance | | |
| Cash App | Cash advance | | |
| CashNetUSA | Payday loan | | |
| Cleo | Cash advance | | |
| Dave | Cash advance | | |
| Earnin | Cash advance | | |
| Empower | Cash advance | | |
| Float Me | Cash advance | | |
| Gerald | Cash advance | | |
| Grid | Cash advance | | |
| Klover | Cash advance | | |
| Lendup | Connection service | | |
| MoneyLion | Cash advance | | |
| Money Mutual | Payday loan | | |
| OppLoans | Installment loan | | |
| Possible Finance | Installment loan | | |
| Spotloan | Installment loan | | |
| Varo | Cash advance | | |
| Vola | Cash advance | | |
Should I stick with Venmo?
Venmo is a popular choice with peer-to-peer money transfers where you can receive cash advances through various apps. However, some competitors on the market, such as Cash App, offer similar features like the option to invest in stocks.
And, if privacy is a top concern, Venmo exposes your financial activity publicly if you don’t set your settings correctly. According to Popular Mechanics, 40% of users had shared sensitive information on the app at least once.
Pros and Cons of Venmo
Pros
- Integrates with various apps
- Lets you access cash advances through credit cards
- Free option for teens
- Has a payment card to access Venmo balance
Cons
- Money transferred through the app to you isn’t FDIC-insured
- Cash advances through certain methods result in fees
Alternatives to Cash Advance Apps for Venmo Customers
If you’d rather avoid cash advance apps altogether, here are some alternative options that may work for you instead:
- Loans with no credit checks. While there are some no-credit-check loans available, make sure to review their interest rates and short repayment terms.
- Peer-to-peer (P2P) loans. P2P lending platforms allow you to borrow money from individuals instead of traditional lenders, and they may offer more favorable terms than payday loans.
- Local resources. Check your local government websites to see which agencies, nonprofits and charities can help with food, utilities and your rent.
These cash advance apps in partnership with Venmo aren’t your only options to secure funds ahead of payday. You can check out other cash advance apps or payday loan alternatives before you make a final call.
