Discover These 10 Stellar Apps That Let You Access Your Paycheck Ahead of Time!
Got a financial emergency and payday is still a week away? No need to stress or resort to high-interest payday loans. There are several apps out there that allow you to get a small advance on your paycheck before payday. But remember, these apps should only be used when absolutely necessary and not become a habit.
Here are 10 apps that can help you out in a pinch:
1. Earnin: It lets you access a small part of your paycheck (up to $100/day) before payday, but make sure to use it sparingly to avoid debt. The borrowed amount is automatically subtracted from your bank on payday.
2. Dave: This app functions similarly to Earnin but it has a monthly membership cost of $1. Dave is great at minimizing overdraft fees but keep in mind it only allows one loan of a $100 until it’s fully paid back.
3. MoneyLion: You can get up to $250 in cash advances with this app, but you need to be a member for at least two months to qualify for a cash advance. MoneyLion also provides other financial services like credit building and no-fee investment.
4. Brigit: This app gives cash advances up to $250 based on your income and needs, but it requires a $9.99 membership fee.
5. Chime: More than just a paycheck early app, Chime offers a range of banking services. Their Get Paid Early program lets you access your paycheck up to two days in advance, without charging any fees.
6. DailyPay: This app allows you to access your earned wages at any time for a fee. But remember, your employer must be partnered with them.
7. FlexWage: To avail this service, your employer needs to partner with FlexWage. They provide a debit card which you can use to transfer your advanced wages.
8. Current: It’s a mobile banking app that offers direct deposits up to two days earlier for a $4.99 fee plus more financial services, similar to Chime.
9. PayActiv: Besides offering access to 50% of earned wages before payday, PayActiv focuses on helping users manage their finances effectively, but your employer needs to be enrolled with them to avail these benefits.
10. Branch: Within traditional working schedules, Branch gives free advances on paychecks without any membership costs.
If borrowing isn’t suitable for you, there are other options to make fast cash. Sell stuff you don’t need online, donate plasma, or start a side hustle that pays instantly.
Though not the ideal, borrowing can sometimes be a necessary evil. Ensure you plan your finances well and have a clear strategy to repay your loans on time. When used wisely, these apps can act as a safety net during unexpected troubles. Always remember, a stitch in time saves nine.
