By Editorial Team
Last Updated: Apr 03, 2025
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Dave is a cash advance app that lets you get up to $500 in extra cash when you need it, without charging interest or late fees. Instead, there's a monthly membership fee of up to $5, and a per-draw fee each time you take a cash advance.
To get a cash advance with Dave, you'll need to sign up for their membership and meet some eligibility requirements. This includes having an external bank account with at least 60 days of history, maintaining a positive balance, and having at least three recurring deposits set up. With your membership, you also get access to other features like budgeting tools, a checking account with early paycheck access, and ways to earn extra income through surveys and side hustles.
Dave was founded in 2017 and is based in Los Angeles. The company claims to have helped over 4 million members get ExtraCash™ and saved users $2.5 billion in overdraft fees.
Yes, Dave offers cash advances of up to $500 through their ExtraCash™ feature. To access this, you'll need to pay a monthly membership fee of up to $5. There are no interest charges or late fees, but each cash advance comes with a fee—the greater of $5 or 5% of the amount you borrow. They expect you to repay the advance on a date you agree upon, usually when you receive your next paycheck. Standard transfers take about 3 days to reach your account for free, but if you need the money faster, you can opt for the express transfer, which gets you the funds within an hour for an additional fee that's disclosed when you request the advance.
There are several main criteria that will make you qualified for a cash advance from Dave:
Dave will then decide if you’re eligible and the maximum cash advance they can offer you, up to $500.
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.
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.
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.
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.