By Editorial Team
Last Updated: Apr 03, 2025
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Cleo is a cash advance app that lets you borrow up to $250 instantly without interest, credit checks, or late fees. Instead, you'll pay a monthly subscription fee—$5.99 per month for Cleo Plus (access to up to $100) or $14.99 per month for Cleo Builder (access to up to $250 and credit-building features). You can choose same-day transfers for an express fee or opt for free standard transfers that take 3-4 business days.
To get a cash advance with Cleo, you don't need to provide extensive paperwork, and it's available to all employment types, including gig workers and freelancers. Cleo looks for regular deposits and healthy financial habits in your bank account but doesn't require a specific income amount.
Founded in 2016, Cleo is based in New York and claims over 5 million users. Alongside cash advances, the app offers AI-powered financial assistance and budgeting tools to help manage your money.
Yes, Cleo offers cash advances up to $250 if you're on their $14.99 per month Cleo Builder plan. If you're on their $5.99 per month Cleo Plus plan, you can access cash advances up to $100. There are no interest charges or late fees, and you choose your own repayment date with no minimum or maximum time limits. The free standard delivery will get you the money in 3–4 business days, while the express fee (which ranges from $3.99 to $9.99 depending on the amount) will allow you to get the money within 24 hours.
To qualify for a cash advance from Cleo, you'll need to meet a few key criteria:
Cleo will review your financial habits and account activity to determine your eligibility and the maximum cash advance they can offer you.
Besides offering cash advances, Cleo packs in several features to help you manage your money and build your financial health.
Cleo's AI assistant brings a fresh, conversational approach to managing your finances. You can chat with Cleo to get personalized budgeting advice, track your spending, and receive real-time alerts when you're nearing your limits or have bills due. The app also makes it fun with interactive features like "roasting" for a humorous take on your spending habits and "hype mode" for some positive reinforcement.
If you're looking to build your credit, Cleo has you covered. With a secured credit card requiring a deposit as low as $1, you can start building your credit history without the need for a traditional credit card. Cleo provides insights and coaching on your credit score, helping you understand and improve it over time.
Cleo offers a savings account with an APY of up to 3.52%, so your money can grow faster. Plus, by setting up direct deposit through the app, you can access your paycheck up to two days early, giving you quicker access to your funds.
Saving and learning about finances doesn't have to be dull. Cleo turns it into a game with interactive savings challenges, financial hacks, and quizzes to boost your financial literacy. It's a fun way to encourage better financial habits and make managing money more engaging.