If you are in search of a cash advance app like Klover, look at the menu of features each one offers like fees, special access, borrowing limits etc and you will notice that there are countless options and alternatives.
Not only does Klover come with no sneaky hidden fees and no credit check, but there’s no interest charged on the balances you withdraw. The limit is $100. Approval only takes seconds via the proprietary Klover algorithm.
There are regular sweepstakes, ways to earn points for upping your limit, a “Klover+” version that has financial, credit monitoring, and budgeting tools.
You must link Klover to your bank account to get advances on paychecks, and there is an extra fee for expedited access to money.
Although Klover is a great app for getting cash advances, there are several similar apps as we will discuss below.
In this article we have researched the top 12 cash advance apps like Klover and what you can expect from them in terms of main features etc.
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There are no fees on Earnin. Instead, the app asks for voluntary tips. It was the first cash advance app on the market and offers limits between $100 and $500 based on several factors like your income, activity, and spending habits.
Earnin users can access a feature, Balance Shield, that sends you an alert if your linked bank account balance is in danger of becoming overdrawn.
You have the option to set the app up to give you and automatic $100 advance when that happens. Earnin users can maintain a Tip Yourself savings account that enters you into drawings for prizes.
Dave has characteristics of two of its main competitors, namely Chime and Earnin. That’s because it serves as a no-minimum-balance checking account but comes with cash advances that are interest free.
Dave’s app lets you know when your linked bank account is in danger of overdraft fees and offers you the chance to make an instant $200 advance to cover the shortfall and avoid the heavy bank fees.
Because Dave works as a straightforward paycheck advance system, there are no credit checks and zero interest on balances advanced to you.
Users have access to 32,000 ATMs via the MoneyPass network, and can subscribe to LevelCredit, a separate service that helps you boost your credit rating by reporting rent payments to the major bureaus.
Users get information on local gigs to earn money, and there’s a $1 per month fee.
If you like budgeting tools, Bridit offers many of them, in addition to up to $250 cash-advance against your next paycheck. There is a no-cost plan that includes budgeting assistance and helpful financial tips.
But for cash advance access, you must sign up for the paid version of Brigit ($9.99/month), which also gives users the option to get automated deposits into their bank accounts when an overdraft fee looms.
Advance amounts range from $50 up to $250, but be aware that the paid plan costs $9.99 each month.
Requested cash arrives on the same business day if you ask for it by 10 a.m. EST. Plus, your repayment is set based on your paycheck dates, but you can ask for extensions.
Empower’s cash-advance app is simple and straightforward, offering a two-day advance of funds up to $250 to users before their upcoming payday.
You can use 37,000 automated tellers with the Empower debit card, and there is zero interest and no fees. The amount you can get varies based on your income and history with the app.
To start out, if you earn $500 monthly, you can access only $25, but that amount rises quickly if you use the app responsibly and regularly.
The maximum advance amount is $250. Empower comes with financial recommendations, automated deposits and monitoring of your bank accounts if you opt for the service.
After the first two weeks of free usage, there’s a membership cost of $8 each month.
FloatMe is also a simple cash-advance app with zero interest and no credit checks.
Cash transfers are quick, but the maximum advance amount is small, just $50. New users must have a W2 paycheck direct deposited to their bank account.
At first, advance limits range from $10 to $30 but rise after you use the app a few times.
There’s a $1.99 monthly membership fee for use. The app can help you establish an emergency fund separate from your bank account that you can access whenever you need it.
Because repayments for amounts you “float” (the cash-advance amount) are taken straight from your next paycheck, the app has no penalties for late fees.
If you like the idea of getting short-term installment loans as well as a cash-advance app, Possible might be a good fit.
Cash-advance minimum is $50 and maximum is $500 and your credit score is not a factor.
Amounts can help avoid overdraft fees and to rebuild your credit. The app comes with options to delay repayment and other flexible terms.
Right now, Possible is only available in 15 states, and you must link your checking account to the app in order to use it. Based on the state you reside in, your cash-advance limit and installment loan terms could vary a lot.
Walmart created Even to help its customers save and budget during the pandemic.
It’s both a cash-advance app and a handy tool for budgeting. To be approved for a cash advance, you must allow the app to acquire payroll data from your employer.
There’s a feature called Instapay that lets you use earned money that your employer has not yet paid out to you, and you can typically access as much as 50 percent of your earned income per payday.
It works with joint accounts too, and you have the option to pick up cash at Walmart or have it sent directly to your bank account within a single business day. For most of the useful features, like Instapay, users must pay an $8 monthly fee.
Chime is a company that operates like a bank, with savings and checking accounts, overdraft protection, and loans to build credit.
It’s overdraft feature is very similar to a cash advance app, and it’s called SpotMe.
There is no cost and users have protection for between $20 and $200 based on ongoing usage and other factors.
The app asks for tipping when you use it and is built into your bank account on the Chime network.
To set up your bank account in Chime, you must deposit at least $200 directly each month. To repay an advance, SpotMe automatically withdraws the money from your next paycheck.
Opt for MoneyLion’s Instacash option and borrow as much as $250 without any credit checks or interest.
Instacash works around the clock and delivers requested funds to your bank account in under a minute.
Opt for the RoarMoney feature and get two-day advance use of your paycheck anytime you need it.
RoarMoney costs $1 per month and comes with zero fees or minimum balances. It also offers users access to 55,000 ATMs on the AllPoint network.
Take advantage of MoneyLion’s low-fee ETF (exchange-traded fund) investing direct from your savings account to a customized portfolio if you wish.
There are also budgeting tools, fraud protection, cashback rewards, and a $20 per month CreditBuilderPlus function that lets member borrow as much as $1,000 at a time.
Cleo is a little different from many other cash-advance apps, mainly because it’s much more than that.
For starters, Cleo is actually an AI-powered financial app for people who want to control and track all their spending and income in one place.
But, if you just want the cash-advance feature and don’t care about the whole package of other services, you still have to sign up for Cleo Plus, which costs $5.99 each month.
The cash-advance feature of the app is simple. It’s called Cleo Cover and basically operates as a traditional overdraft feature.
With it, users can borrow as much as $100 to avoid overdraft fees from their banks. Take up to 28 calendar days to repay the advance with no interest.
Note that as soon as you repay an advance, you can ask for another one right away. The app does not link to credit bureaus, so there’s no positive or negative effect on your major credit scores.
Branch is a little different because it is primarily for employers who wish to give their workers a free, no-fee bank account that comes with a debit card and early access to their wages.
But employers also use the Branch app to pay vendors, employees, and contractors instantly.
Employees get regular spending reports, alerts about coming bills, and all the data needed to keep tabs on their payments and total balances at any time.
It’s free for employers to use the Branch app and take advantage of all the payment and shift scheduling features.
Like Cleo, Albert is a full-service financial app that offers dozens of banking, investing, budgeting, and financial planning tools.
If you just want the cash-advance app, you can either set up an Albert Cash account or an Albert Instant account.
The first gives you the power to get up to $100 against your next paycheck. The Albert Instant version lets you get $250 in advance.
There are no fees unless you want the instant cash delivery, which arrives in about 10 minutes. For the quick version, you pay a $4.99 for “delivery.”
No matter whether you opt for three-day or instant cash, the advanced amount comes directly out of your upcoming paycheck, along with the delivery fee if you chose instant delivery.