Beem offers interest-free (but not fee-free) cash advances from $5 up to $1,000 to help you handle unexpected expenses. There's no need for a credit check; instead, Beem looks at factors like your bank account balance, transaction history, earnings profile, and spending habits to determine your eligibility. Repayment is flexible—the app automatically deducts the borrowed amount from your linked bank account when funds are available, without strict due dates or late fees.

To use Beem's cash advance feature, you'll need to choose a plan that suits your needs. Monthly fees range from $0.99 for the LITE plan (access up to $10) to $12.97 for the PRO plan (access up to $1,000). Instant transfers to your debit card cost between $0.99 and $4 and arrive in as little as 1–20 minutes. If you're not in a rush, you can opt for free transfers to your bank account, which take 3–5 business days.

Beyond cash advances, Beem offers a variety of financial tools, including instant money transfers, credit monitoring, and access to discounts from over 5,000 retailers. There's no income restriction, and you can qualify even if you have no credit history, making Beem a flexible option for managing short-term financial needs.

Beem could be a good option for you if any of the following applies:

• Need cash fast: You need quick access to up to $1,000 without a credit check or strict repayment terms.
• Flexible repayment: You prefer the flexibility to repay when your deposits arrive, without due dates or late fees.
• Multiple funding options: You want the choice of receiving funds via debit card, bank account, gift cards, or prepaid cards.
• Send money easily: You need to send money instantly to anyone, even if they don't have Beem or a bank account, with no transaction fees.
• Financial tools: You're interested in managing your finances with tools for expense tracking and credit score monitoring.
• Extra services: You're looking for additional benefits like car insurance comparisons, personal loan offers, and tax filing assistance.

When Beem might not be the best fit:

• Monthly fees: If you're not comfortable paying monthly subscription fees ranging from $0.99 to $12.97.
• Instant transfer fees: If you'd prefer to avoid fees for instant transfers to your debit card (up to $4.00 per transfer).
• Wait time for free transfers: If you need funds immediately but don't want to pay for instant transfers, as free ACH transfers take 3-5 business days.
• Small advances on lower plans: If you need a larger cash advance but are on a lower-tier plan (the LITE plan only offers up to $10).

There are a few main criteria that will make you qualified for a cash advance app from Beem:

1. Age: You need to be 18 years old or older.
2. Residency: You must reside in the United States or its territories.
3. Bank account: Have a valid bank account.
4. Assessment factors: Beem looks at your bank account balance, transaction history, earnings profile, and spending habits to determine eligibility.

Beem does not require credit checks or have income restrictions. They use their proprietary algorithm to decide if you're eligible and the maximum cash advance they can offer, up to $1,000.

You can get your cash advance deposited into your bank account for free, but it will take 3 to 5 business days to arrive.

If you need your money sooner, Beem offers free instant transfers to gift cards for over 2,500 retailers or to a prepaid VISA or Mastercard.

For immediate cash, you can choose an instant transfer to your debit card. The fee for this service depends on your plan: it's $0.99 or $1.56 per transfer on the LITE plan, $4.00 per transfer on the BASIC and PLUS plans, and $2.00 per transfer on the PRO plan. With instant transfers, you can have your money in as little as 1 minute, typically within 20 minutes.

Beem will automatically deduct the borrowed amount from your linked bank account when funds become available. Keep in mind that:

1. Flexible repayment: There are no fixed due dates or income restrictions, so you can repay when it suits your financial situation.
2. No late fees or interest: Beem doesn't charge interest or additional fees for late repayment of Everdraft™ dues, and late payments won't impact your credit score.
3. Automatic deduction: Repayment is automatically withdrawn from your bank account when funds are available, so ensure you have sufficient funds to avoid any potential issues.

On top of the cash advances that Beem offers, there are a few other features that you might find useful.

Instant Money Transfers

With Beem, you can instantly send money to anyone in the U.S., even if they don't have the app or a bank account. The "Send Money, Pay Later™" feature lets you send cash, checks, gift cards, and more with flexible repayment options. Plus, there are no transaction fees when you add and send money, making it a convenient way to pay people.

Financial Management Tools

Beem offers tools to help you manage your finances better. The Better Financial Feed™ (BFF) provides daily personalized insights based on your transactions, helping you save and spend smarter. You can track your expenses, set savings goals, and even monitor your credit score right within the app. Real-time alerts keep you updated on any changes to your credit score, so you can take action when needed.

Access to Additional Services

Beem also gives you access to other financial products. You can compare car insurance quotes from providers like Progressive and GEICO to find potential savings. If you're looking for a personal loan, you can view and compare rates directly in the app. There are also affordable health and wellness options, including 24/7 telemedicine consultations and discounts on vision, dental, and mental health services.