Dave’s app offers interest-free (but not entirely fee-free) cash advances ranging from $25 to $500 through their ExtraCash™ feature. To qualify, you'll need to have a steady income, decent spending habits, and at least three recurring deposits in your bank account. Dave doesn't run credit checks, but they want to ensure you can repay, so they'll automatically collect the amount on your agreed settlement date—usually when you receive your next paycheck. If you're unable to pay the full balance, Dave allows for partial repayments without charging late fees.

The standard cash advance takes about 3 days to reach your account. If you need funds faster, you can opt for an express transfer, which costs $3 for amounts up to $25, and you'll get the money within an hour. Keep in mind that an optional external debit card transfer fee of 1.5% may apply if you choose to transfer funds to an external debit card.

To access the cash advance feature and other services like budgeting tools and side hustle opportunities, you'll need to pay a monthly membership fee of up to $5. If you find value in these additional features, the fee might be worth it to help manage your finances and explore extra income options.

Dave might work well for you if:

• Quick access: You need up to $500 cash quickly without credit checks, interest, or late fees
• Regular income: You have a bank account with at least three recurring deposits and 60 days of history
• Avoid overdrafts: You want to avoid overdraft fees and get notified when your balance is low
• Early paycheck: You'd like to receive your paycheck up to two days early with direct deposit
• Extra income: You're interested in earning extra money through side hustles and paid surveys in the app

When Dave might not be a good fit:

• Monthly fee: You don't want to pay up to $5 per month for membership
• Cash advance fees: You're not keen on paying $5 or 5% per cash advance transaction
• Bank account issues: You don't have an external bank account that meets the requirements
• Irregular income: You don't have consistent income or recurring deposits
• Won't use features: You won't use the financial tools or side hustle opportunities to justify the fees

There are several main criteria that will make you qualified for a cash advance from Dave:

1. Residency and Age: You must be a legal resident of the US and of legal age (usually 18 or older)
2. No Outstanding Balances: You shouldn't have any unpaid ExtraCash balances with Dave
3. Bank Account: Have an external bank account that's at least 60 days old, maintains a positive balance, and has at least three recurring deposits
4. Financial History: Your eligibility depends on your income history and spending patterns

Dave will then decide if you’re eligible and the maximum cash advance they can offer you, up to $500.

You'll usually get your cash advance in about 3 days with the free standard transfer.

If you need the money sooner, you have a few options:

• Instant Transfer to Dave Checking: If you have a Dave Checking account, transfers are instant and free.
• Transfer to External Debit Card: Get your funds within an hour by transferring to an external debit card. This costs 1.5% of the amount you're transferring.
• Express Transfer to Bank Account: You can choose an express transfer to your bank account, which delivers the money within an hour for a fee ranging from $3 up to $25, depending on the amount you're borrowing.

Remember, each cash advance also comes with a fee that's the greater of $5 or 5% of the amount you borrow.

Dave will request the money back on the settlement date you agreed to when you took the ExtraCash™ advance. Keep in mind that:

1. Automatic repayment: The amount you borrowed (plus any express fees and optional tips) will be automatically withdrawn from your connected bank account on the agreed date.
2. Partial payments: If you don't have enough funds, Dave will withdraw what you can, and the rest will be settled when you have sufficient funds.
3. No extra fees: You won't be charged interest or late fees on your advance.

Apart from the cash advances that Dave offers, your monthly membership fee (up to $5) also unlocks some other features that might help you manage your finances better.

Dave Banking Services

With a Dave Checking Account, you can get your paycheck up to two days early if you set up direct deposit. You also get a Dave Debit Mastercard® that gives you immediate access to your funds. There are no minimum balance fees, and you can use over 40,000 MoneyPass ATMs without paying any ATM fees. Plus, your purchases can be rounded up to help you save money automatically, and you can earn 4.00% annual percentage yield (APY) on your account balance. If you're saving for something specific, the Goals Account lets you set aside money for things like a vacation or a down payment, and also earns 4.00% APY.

Budgeting and Financial Tools

Dave provides tools to help you keep track of your spending and income. You can monitor your expenses, receive estimates of upcoming bills, and get alerts if your account is running low to help you avoid overdraft fees. You can also link your external bank accounts to get a full picture of your finances. Additionally, Dave offers credit insights to help you monitor and improve your credit health.

Side Hustle Opportunities

If you're looking to make some extra money, Dave's app has a Side Hustle section where you can find and apply for part-time jobs, gig work, or remote positions. You can also take paid surveys that pay out instantly to your Dave Checking account. There are over 1,000 ways to boost your earnings, with no cap on the number of surveys you can take, as long as they are available and you’re eligible.