Grid Money offers interest-free cash advances ranging from $50 to $100 to Grid+ members who meet their eligibility criteria. To qualify, you'll need to have a linked bank account that shows sufficient activity and receives regular direct deposits. Grid Money assesses your income, account balances, and direct deposit history to ensure you can repay the advance. Repayment is automatically deducted from your next paycheck, either in one installment or, if eligible, split over your next two paychecks.

The standard advance is deposited into your bank account within 1-3 days at no cost. If you need the cash sooner, you can opt for an expedited deposit to your linked debit card for a $2.99 fee, which gets you the money within minutes. Keep in mind, you can only have one advance at a time.

To access cash advances and other features, you'll need to subscribe to Grid+ for $10 per month. Your subscription also gives you access to credit-building loans, PayBoost to increase your take-home pay by accessing your tax refund early, income protection in case of unemployment, and better banking services with early direct deposits.

Grid Money might work well for you if:

• Need quick cash: You can access cash advances up to $100 without credit checks or interest charges.
• Build credit: Improve your credit score with credit-building loans that have no late fees.
• Early paychecks: Receive your direct deposits up to 4 days earlier than standard banking times.
• Tax refund boost: Increase your take-home pay by accessing your tax refund early with PayBoost.
• Income protection: Get support covering expenses if you lose your job, with up to $2,000 per month after 90 days of membership.

When Grid Money might not be a good fit:

• Monthly fee: There's a required $10 monthly subscription fee to access the services.
• Expedited fee: If you want your cash advance within 8 hours, you'll pay a $2.99 expedited payment fee.
• Limited advance amount: Cash advances may start below $100, and you can only have one advance at a time.
• Eligibility requirements: You need to meet criteria like regular direct deposits and sufficient account activity.
• Waiting period: Income protection benefits are available only after 90 days of membership.

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

1. Membership: You need to be a Grid+ subscriber with a valid membership. If you're not a subscriber, you can request an advance by emailing Grid support at support@getgrid.app.
2. Linked bank account: Link a bank account or card to your Grid account that receives regular direct deposits.
3. Account activity: Your linked account should show sufficient activity and maintain adequate balances.
4. Repayment history: If you've taken advances before, you need a history of timely repayments.

Grid Money will analyze your income, projected tax refunds, and other risk factors to decide your eligibility and the maximum cash advance they can offer you.

You can only have one cash advance outstanding at a time.

You will typically receive your cash advance in 1 to 3 days with the free standard transfer.

If you need the money sooner, you can pay a $2.99 fee to get it within minutes via instant deposit to your linked debit card.

Grid Money will typically request the money back when your next paycheck comes in. Keep in mind that:

1. Repayment options: You can choose to repay in one installment from your next paycheck, or if eligible, in two equal installments from your next two paychecks.
2. Automatic withdrawal: Grid may withdraw the repayment directly from your payroll account or charge your linked bank account after your income is deposited.
3. Early repayment: You can repay the advance early if you prefer.

Besides the cash advances, Grid Money offers several other features that might be worth checking out if you're considering the $10 monthly subscription.

Credit-Building Loans

Grid Money provides credit-building loans aimed at helping you improve your credit score. The application process is straightforward, with no credit checks or pulls needed. Plus, there are no late fees to worry about. Making timely payments on these loans can contribute positively to your credit history.

PayBoost

If you're looking to increase your take-home pay, PayBoost might be useful. This feature lets you access your tax refund early, adding up to $250 more to each paycheck. It's a way to boost your income when you need it most.

Income Protection

Grid Money offers an income protection program for added financial security. If you experience involuntary unemployment, eligible members can receive up to $2,000 per month for up to two months to help cover expenses. This benefit kicks in after you've been a member for 90 days and have submitted the necessary documentation.

Early Direct Deposits and Banking Services

With Grid Money's banking services, you can get your direct deposits up to four days earlier than usual. The checking accounts are interest-bearing and established through Evolve Bank & Trust, Member FDIC, so your funds are insured within applicable limits.

Rewards Program

Grid Money also has a rewards program where you can earn redeemable points that convert into cash. If you have direct deposits set up, you can double your points each month. It's a handy way to get a little extra back from your daily spending.