If you bank with them, you may be interested in Cash Advance Apps That Work with Chime. Cash advance apps can help bridge the gap without resorting to predatory payday loans.
What are cash advance apps compatible with your Chime account? Let’s take an in-depth look.
What is Chime? How does it work?
Chime does not operate as a bank. The Stride Bank and Bancorp Bank offer their banking products. These banks are FDIC members, so that Chime accounts can be insured.
Chime offers a Chime Visa Debit Card and a spending account. This account can be used to receive direct deposits of paychecks. Chime offers a savings account and a secured credit card for building credit. These products can only be used if you have a Chime account.
Chime has some advantages:
- Get paid earlier: Direct deposits are available up until two days before payday.
- Low fees There is no monthly fee, minimum balance fee or overdraft fee.
- Large ATM network. Chime operates 60,000 ATMs in the United States.
- No fees. Send money to anyone who has a bank account.
However, there are downsides. Cash deposits can be complex and online transfers have a $200/day cap. A mobile check deposit can only be used if you have registered for a direct paycheck deposit.
What is a Cash Advance App?
Cash advance apps are also known as cash apps. They provide short-term loans for those who have no cash. The repayment process is automated, and you can borrow the money. When your paycheck arrives, the app will withdraw it.
Cash advance apps don’t usually charge interest. Some apps charge fees, while others require tips. If you choose a lower amount, there may be a default tip.
Cash Advance Apps That Work with Chime
These financial apps can be linked to Chime. They offer advance funds that you can transfer into Chime. Sometimes, however, you will need to make a direct deposit to receive it.
- Dave
- Cleo
- Albert
- Empower
- MoneyLion
- Varo
The good news? Cash advance and payday loan apps offer more than that. Some are very similar to Chime and provide the same features. They are a simpler version.
Dave
- 200-dollar advance and direct deposit
- $100 Advance with a linked Bank Account
- Credit builder
- Connects to Chime
- Payday advance
- No interest
- A credit check is not required
- FDIC insured
You can either set up a direct deposit for up to $200 or link an external account such as Chime to receive a $100 cash advance. You must consider the following factors when determining how significant your advance is.
- Your expected income
- Your transactions and deposits history (at least 60 days)
- You have to pay back any previous advances.
- What amount of money do you keep in your bank account?
- If your account has a recent negative balance
You will need to have at least two qualifying direct deposits to request an advance.
Step-By-Step Instructions On How To Request An Advance
Here’s how it works:
- Navigate to the “Advances” tab
- Tap “Get cash now.”
- Choose the amount you wish to advance
- Confirm your auto-payback date
- Be sure to verify the following items on the Confirm Advance screen:
- Advance amount
- Tip amount
- Select a delivery option
- Standard – Free – 3 Business Days
- Instant – Low Fee – Ships in as little as 2 hours
- Last 4 numbers of your account or debit card
- The due date and the total amount
- To agree to the payment authorization, check the box
- Slide to confirm
How Do I Connect Chime To Dave?
- Go to the Profile tab
- Select Linked Banks and Cards
- Tap Change next to Linked Banks
- Choose Change bank to continue
Cleo
- Advances of $20 to $100
- No interest
- You can pay back anytime between 3 – 28 days
- $5.99 per month
- Budgeting
- Autosave
Cleo can help you save money and manage your finances. If you are eligible, it can even spot you up to $100. It can also be connected seamlessly to your Chime account.
You must sign up for Cleo Plus ($5.99/m), connect a debit or credit card, and set up a Cleo wallet to qualify for an advance. Your account can have between $20 and $100.
You’ll need to pay $3.99 to get it the same day. Or, it can be yours for free in as little as four days. Before you can take out another one, you must repay your advance in full. You can also repay your advance anytime between 3 to 28 days.
How Do I Qualify For Cleo Advance?
The app analyzes your spending habits, cash withdrawals and missed payments. This will impact how much you can get an advance.
Cleo will tell you if you are eligible for a salary advance by saying “Salary Advance” and “spot me” on messenger. Then, hit the button that says “Spot me”, and you’ll find out if you qualify. Cleo will help you be eligible if you don’t meet the requirements.
Cleo supports all central US and UK banks, including Chime.
Albert
- Cash Advances up to $250
- No interest
- Payday advance
- Investing
- Budgeting
- Savings
Albert can also be used to connect to Chime, which will allow you to receive a $250 cash advance.
You can also get cash immediately using other cash advance apps. However, you will need to pay $4.99 for it. You can also get your money in three business days.
You must have the following:
- Get a job, and get verifiable income via direct deposits
- A consistent payment over the past 2 months comes on a predictable schedule (once monthly or bi-weekly).
- A current bank account balance of more than $0
Go to the app’s homepage and tap “Instant” to request an advance. Follow the prompts for setting up your account. After you have been approved to advance cash, you will be able to choose a delivery method and an amount.
You can request up to 3 cash advances per pay period if your paycheck is current and you have repaid any past advances.
The advance can be repaid manually or automatically when you next pay your check.
How Do You Connect Chime And Albert?
These two can be connected:
- Navigate to Budget
- Tap + at the top
- If it isn’t listed, select Chime or search by name
- On the next screen, enter your account credentials for Chime
You can also manually add Chime if you don’t see it there.
Empower
- Cash Advances up to $250
- No interest
- No late fees
- It doesn’t affect credit score
- Payday advance
- Cashback up to 10%
Empower offers four levels of cash advances. Cash advances are available from $25 to $250. Let’s look at the requirements for each of these four tiers.
Base Offer ($25)
- Average monthly take-home income of $500+
- 2 deposits of $100 or more in the last 3 months
- For 10 days, keep your balance at $100
- The current account balance must remain “healthy”.
- Recurring paycheck ($50)
- The Cash Advance account must be active for at most 60 days.
- At least 2 transactions per hour are required for an account.
- The current account balance must remain “healthy”.
- You must have at least three recurring deposits of $200 from the same employer in recent months.
- The average monthly take-home income should be at least $500
- Keep your account at least $50 for two days following the payment date.
- Check at Empower ($100).
- Direct deposit of your paycheck in Empower account of at least $200 within the last 14 days and at least $500 within the last 30 days
- History of Repayment ($250)
- Minimum 3 Cash Advances are accepted and repaid via Empower Card within three pay cycles.
- You must have at least three recurring deposits of $200+ made from the same employer in the last three months.
- Click on “Check eligibility” to check if you are eligible. Each item under “Qualifications” shows whether you qualify for the offer.
How Can You Connect Chime To Empower
- Scroll down to the Accounts section of your app’s Home page. Click on the + icon in the upper right. Empower uses Plaid for linking external accounts to Empower.
MoneyLion
- Cash Advances up to $250
- No interest
- No late fees
- A credit check is not required.
- Payday advance
- Much much more
MoneyLion‘s cash advances are typically 15% to 25% of your expected recurring direct deposit amount of $250. You’ll be able to access a lesser amount if they don’t detect any regular income. The minimum is $25.
You can set up direct deposits to a RoarMoneySM or Credit Builder Plus account to unlock more significant amounts. You also can complete tasks in your MoneyLion app to be eligible for Boosts. Your cash advance will equal 30% of your recurring deposit, or $1,000.
Tap Accounts on your MoneyLion App’s Home screen to request Instacash advances. You’ll see if you are eligible in seconds and how much money you can get.
Your checking account must meet these requirements to be eligible for cash advances.
- An account must be opened for at least 2 months
- Your regular income/paycheck deposits are made to the account
- It is a positive balance
- It is active
You can also open a RoarMoneySM Account to qualify for Instacash advances.
Click “Add account” in the Transfers screen to link your Chime account with MoneyLion. You can also connect accounts using the More Options menu under the Finances tab.
Varo
- Cash Advances up to $100
- $50 CA fee – $5
Varo ranks at the bottom of this page because they charge a $5 fee to take out their $100 maximum cash advance. The fee for $75 is $4, and $50 is $3, respectively. A $20 cash advance does not incur any costs. They don’t charge any fees to transfer it to your account, unlike other fintech instantly.
Varo’s cash advance is available to you if:
- Your Varo Bank account is active
- Your Varo Bank or Savings account are not negative
- Varo Bank Accounts are at least 30 Days Old
- To qualify for direct deposit, you will need at least $1,000 in preparing direct deposits to your Varo Bank Account, Savings Account, or both, within the past 31 calendar days.
How Do You Connect Chime And Varo?
The following steps can be used to connect the Chime account to Varo:
- Click “Link an account +.”
- If you don’t find an icon, select Chime or search it.
- When you are presented with options, choose the bank with the web address you would use to log in online.
- Tap “Submit” to enter your password and user ID.
- Follow the prompts of Chime
- Keep responding to Varo’s prompts until your balances and external accounts appear on the Accounts page.
Does Earnin Works With Chime.
Due to connectivity issues, Brigit cannot work with Chime and Capital One.
The bottom line
Many payday loans and cash advance apps are available that accept Chime. They can also be connected easily to Chime. Chime works best when used with Dave, Varo and Albert, Cleo Empower, Empower, MoneyLion, and Cleo.
The best thing would be not to depend on cash advances to get you through the week or the month. But that’s another story.
