By Editorial Team
Last Updated: Apr 03, 2025
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FloatMe is a cash advance app that lets you access small amounts of cash, called "Floats," without charging interest or requiring credit checks. Instead, they have a monthly fee of $4.99.
To get a cash advance with FloatMe, you'll need to pay the $4.99 monthly fee. You can then request Floats starting from $10 up to $50 initially, with the potential to increase to $100 or more over time based on your eligibility. You can only have one Float at a time and must repay it before requesting another. Repayment is scheduled on a date you choose, usually around your payday.
With your monthly fee, FloatMe also provides financial tools like a Cash Flow Calendar to predict your available balance, alerts for low balances or potential overdrafts, spending insights with easy-to-read charts, and exclusive member offers to help you save or earn money.
To be eligible for FloatMe, you need to be at least 18 years old, have a checking account that's been active for at least three months, and receive regular direct deposits from an employer of at least $150 per pay period. Self-employed individuals and independent contractors might not be eligible.
FloatMe was launched in early 2020 and is based in San Antonio, Texas.
Yes, FloatMe gives cash advances, called "Floats," of up to $200, but you'll likely start with amounts up to $50, which can increase over time based on your eligibility. There's a $4.99 monthly membership fee to use the service. You can opt for standard delivery, which is free and takes 1-3 business days, or choose instant delivery, which gets you the money within minutes (up to 8 hours) for a fee ranging from $1 to $7, depending on the amount you borrow. There's no interest or credit checks, and repayment is automatically scheduled on a date you select, typically your next payday.
There are a few main criteria that will make you eligible for a cash advance from FloatMe:
FloatMe will review your account and income history to decide if you’re eligible and determine the maximum cash advance they can offer you.
Beyond providing cash advances, FloatMe comes with a few handy features that might help you manage your finances better.
FloatMe's Cash Flow Calendar gives you a look ahead at your finances by predicting your available balance for the next few months. It analyzes your recurring expenses and upcoming paydays to help you stay on top of your budget. Plus, it sends you low balance and overdraft risk alerts, so you can avoid those pesky bank fees.
Want to know where your money is going? FloatMe helps you get a detailed understanding of your spending habits by tracking your recurring transactions and most frequent expenses. It breaks down your spending into categories and shows you easy-to-read charts, so you can see exactly what's going on with your finances. You can even set financial goals within the app to keep you motivated to save and spend wisely.
FloatMe offers more than just financial tools—it also provides exclusive member opportunities to help you save or even earn some extra cash. Through partnerships with various companies, the app presents special offers right within the app, so you can take advantage of deals that might suit your needs.