5 Best Paycheck Advance Apps With No Subscription Fees

Skip the ultra-high fees of a payday loan with a paycheck advance app

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Best low-fee and no-fee paycheck advance apps at a glance

Chime: Best for advances plus mobile banking

$20 to $500

24 hours or less

$2.00

Instant

Pros
  • Faster-than-average free advances
  • Straightforward fee structure for fast advances
  • With SpotMe benefit, you won’t be charged overdraft fees (up to $200) 
  • No monthly fees or minimum balances
Cons
  • Must switch your direct deposit to Chime to gain access to advances
  • SpotMe program asks for optional tip
  • Not available in all states

What to know

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Chime isn’t technically a paycheck advance app — it’s a fintech company and mobile banking service that offers a paycheck advance benefit called “MyPay.” You can get $20 to $500 of your paycheck early. Free advances take 24 hours or less, which is among the quickest on the market. You could also pay a flat $2.00 fee to get your money instantly.

You have to get your paycheck directly deposited into a Chime account to qualify. These accounts aren’t actually through Chime but through FDIC-insured Bancorp Bank or Stride Bank.

Still, switching to Chime could be worth it. Accounts get free overdraft protection up to $200, and there are no minimum balances to meet.

But if you aren’t interested in changing banks, Chime won’t make sense for you.

How to qualify

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To open a Chime account, you must:

  • Be at least 18 years old
  • Be a U.S. citizen or permanent resident
  • Have a Social Security number

To qualify for Chime MyPay, you must set up an eligible direct deposit into a Chime account.

MyPay is not available in Colorado, Connecticut, Hawaii, Illinois, Massachusetts, Maryland, Maine, Montana, New Jersey, New Mexico, Nevada, South Dakota, Vermont, Washington, Wisconsin or West Virginia.

DailyPay: Best for accessing wages as you earn them

Up to $1,000 a day, based on your earnings

1-3 business days

$3.49 or less

Instant

Pros
  • No overdrafts, since you’re borrowing money as you earn it
  • No late fees, since money comes directly from your paycheck
  • May get your advance the next business day for free
Cons
  • Must work for a participating employer
  • Requires paycheck to be received via direct deposit
  • May find your paycheck surprisingly small if you don’t keep track of what you spend

What to know

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DailyPay is an “earned wage access” (EWA) or “on demand pay” company. Rather than fronting you the money like most paycheck advance apps, DailyPay gives access to what you’ve already earned.

The app keeps track of your working hours and displays what income you’ve earned so far this pay period. These are the funds you can access early. DailyPay then deducts your advance from your paycheck.

The EWA model is usually better than a standard paycheck advance app. You don’t need to worry about late fees, since your advances come out of your check instead of being withdrawn from your bank account on payday.

However, if your employer doesn’t offer DailyPay, you can’t use it.

How to qualify

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There are only two requirements to use DailyPay:

  • You need to work for an employer that partners with DailyPay.
  • You must receive your paycheck by direct deposit to a bank account, prepaid debit card or payroll card.

EarnIn: Best for bigger advances for some new users

Up to $150 a day and $750 to $1,000 per pay period

1-2 business days

$3.99 to $5.99

Up to 30 minutes

Pros
  • A “Daily Max” of $85 (on average) for qualified customers signing up
  • No need to get your paychecks directly deposited into an EarnIn account
  • Free “Tip Yourself” program to save money for a rainy day, emergency expenses or other financial goals
Cons
  • No customer service phone number (can only get help via chat)
  • App asks for an optional tip
  • Must consistently earn at least $320 per pay period to qualify
  • Must allow GPS tracking if you don’t have a work email address

What to know

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How much you qualify for depends on how much you earn, your spending habits and other factors, but qualified EarnIn applicants get $85 on average for their first advance. If you use the app responsibly over time, you could get an advance of $750 to $1,000 per pay period.

You also don’t have to get your paycheck sent to an EarnIn account to qualify like you do with other apps like Chime.

Like DailyPay, EarnIn allows you to access funds you’ve already earned before your payday. But unlike DailyPay, EarnIndeducts your advance from your checking account rather than your paycheck.

EarnIn’s fees for expedited advances (called “Lightning Speed”) are rather low. However, the app also accepts optional tips. These extra expenses can rack up if you aren’t careful.

How to qualify

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Only workers who make at least $320 per pay period can use EarnIn. You must also:

  • Be a U.S. resident and at least 18 years old
  • Have a checking account
  • Work at a fixed location or have an employer-provided email address
  • Have a valid cell phone number
  • Have a consistent pay schedule

MoneyLion: Best for earning extra money with games

Up to $500

1-5 business days

$1.99 to $8.99

Instant

Pros
  • Can earn points by playing mobile games and and trade them in for cash 
  • Instant paycheck advances if you’re willing to pay a fee
  • Comes with free budgeting tool
Cons
  • Can only earn money playing games if you have a RoarMoney or Managed Investing account
  • Credit-building tools not free like with some other apps
  • Could take up to five business days to get a free advance
  • Asks for an optional tip and expediting fees are higher than some

What to know

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MoneyLion is a fintech company that offers loans, credit cards and paycheck advances (called “Instacash”). Paycheck advances can be as high as $500 for qualified users — and if you’re willing to pay a fee, you could get your advance instantly.

For those looking to make a little extra money, MoneyLion also has a program to get paid for playing mobile games. When you play, you can earn MoneyLion Rewards points, and each 100 points equals $1.

But there is a catch: You don’t need a RoarMoney account to get a paycheck advance, but you do need one (or a Managed Investing account) to redeem the MoneyLion Rewards points you earn by playing games. Luckily, RoarMoney doesn’t cost a monthly fee, and its accounts are held through FDIC-insured Pathward.

How to qualify

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To qualify for Instacash, you must:

  • Be at least 18 years old
  • Be a permanent resident in the U.S.
  • Have an active checking account that’s at least two months old and not overdrawn
  • Get paid on a regular basis

VaroBank: Best for longer due dates

$20 to $500

No free advances

$1.60 to $40.00

Instant

Pros
  • Payment not always due on your next payday like with most apps
  • Run by an actual, FDIC-insured bank, not just a fintech company
  • No monthly fees, overdraft fees or minimum balance requirements
  • Borrow all approved advances instantly
Cons
  • Must have direct deposit to a Varo Bank account
  • Big fees for large advances ($40 on $500, for example)
  • Fees charged on all advances

What to know

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Paycheck advance app payments are almost always due the next time you get paid, but with Varo Bank, you can have up to 30 days to pay, regardless of your payday. This extra time could be a game changer if you’re living paycheck to paycheck.

Like Chime, Varo won’t make sense if you want to stick with your current bank. Varo Bank only gives paycheck advances to current accountholders.

Also, every advance comes with a fee, which can add up, especially on larger loans. But every advance is also instant upon approval.

How to qualify

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To qualify for a Varo Bank account, you must:

  • Be a U.S. citizen or permanent resident who lives in the U.S.
  • Be at least 18 years old
  • Apply on your own (no joint accounts allowed)

How do paycheck advance apps work?

A paycheck advance app lets you borrow money in between paydays. Loan amounts range from $5 to $500 or more.

If you’re new to the app, expect a small loan. Typically, you have to use the app for a while (and pay on time) before you’re eligible for a bigger amount.

Repaying paycheck advance apps works about the same as repaying a payday loan. Usually, the app will automatically deduct what you owe from your checking account the next time you get paid.

Some apps actually deduct what you borrow from your paycheck, but this is usually only the case if you’re using an earned wage access (EWA) app that partners with your employer, like DailyPay.

Paycheck advance apps don’t charge interest. Instead, they usually charge a fee if you want to get your money the same day, and some may also ask for an optional tip. A few also charge monthly subscription fees (but none on our list do).

Qualifying for a paycheck advance app

Qualifying for a paycheck advance app is easier than qualifying for a personal loan or credit card. Apps generally only require a soft credit hit and proof of income, sometimes by electronically connecting to your bank account.

That part about connecting to your account might sound scary, but it’s so the app can see how much you earn and when you usually get paid. They use this info to decide how much to give you and when your payment will be due.

Some apps also require you to get your paycheck directly deposited into a new bank account (like Chime and Varo Bank) or that you work for a partnering employer (like DailyPay).

Is it safe to use paycheck advance apps? 4 ways to tell

Many cash advance apps are legit, but there are always bad actors looking to take advantage of people in desperate situations. To figure out if a paycheck advance app is safe for you to use, you should:

  1. Read reviews on the App Store or Google Play. This can help you figure out how smoothly the app runs and whether users experience issues getting their funds or making repayment.
  2. Check the Consumer Financial Protection Bureau (CFPB) for complaints. The CFPB has a customer complaint database you can use to see what users are saying about the company. You can filter complaints by date, type of complaint and more. It’s a powerful tool.
  3. Check for CFPB enforcement actions. The CFPB also keeps a database of enforcement actions taken against paycheck advance apps. These are legal steps the CFPB takes when it thinks a financial institution, company or individual has broken banking or lending laws.
  4. Look for lawsuits. Research online to see if the app has been targeted by any class action suits or by the Federal Trade Commission (FTC). Many paycheck advance apps have ended up in court over predatory lending, hidden fees or making it too hard to cancel subscriptions.

Avoiding the cycle of paycheck advance apps

Repeatedly taking paycheck advances or payday loans is an easy way to get stuck in a debt cycle.

You might think you only need a little cash, but what happens if you don’t have enough in your checking account when payday comes? Many people resort to taking a second loan to cover the first, and a cycle of debt is born.

If you’re stuck relying on paycheck advance apps, there’s hope. Credit counseling can be a free or low-cost way of getting a handle on your budget and debt.

You can find a list of reputable credit counseling services through the Department of Justice website or with the National Foundation for Credit Counseling.

Paycheck advance app pros and cons

Paycheck advance apps are increasingly popular, but are they a good idea? Review the pros and cons to decide.

ProsCons

 Can be helpful in an emergency. You could get cash almost instantly (for a fee).

 No credit check. Paycheck advance apps can be relatively easy to qualify for, and they don’t require a credit check.


 No interest. Paycheck advance apps don’t charge interest, although fees likely apply.

 Convenient. All you need to do to apply is download an app and fill out a quick form.

 May be expensive. Fees and optional tips can add up, especially if you take a lot of advances over time.

 Doesn’t help build credit. Paycheck advance apps don’t usually report your payments to the credit bureaus.

 Can lead to poor budgeting habits. Easy access to funds could make it harder to keep up with necessary expenses.

 Risk of overdraft. You could overdraft if you don’t have enough money in your account when repayment time comes.

Paycheck advance app alternatives

When used sparingly, a paycheck advance could get you out of a bind. Even so, they aren’t always the best solution, and you may want to consider these options too:

 Credit card cash advance

Some credit cards let you withdraw cash from an ATM. This is called a credit card cash advance. Cash advances can be convenient because you don’t have to apply. If you already have the card, and if the card allows advances, then you qualify.

But you should only get a credit card cash advance if it’s an emergency, or if you have a solid plan to pay your advance off quickly. Credit card cash advances often have higher APRs than emergency personal loans, and the interest starts racking up immediately (unlike a standard charge, where you can avoid the interest if you pay your full balance in time).

 Buy now, pay later app

Like paycheck advance apps, buy now, pay later (BNPL) apps aren’t a great long-term solution. They allow you to make retail purchases and then pay them back in installments (usually four).

Like paycheck advance apps, most BNPL apps rely on a soft credit hit to determine your eligibility.

BNPL apps are easy to use, but they can lead to overspending. According to LendingTree’s BNPL tracker, 41% of users have paid late in the last year. Common BNPL payment plans also make you pay at least 25% down on whatever you’re buying.

 Personal loan

A small personal loan might be easier to manage than a payday app, but it only makes sense if you need a larger amount of money and more time to pay it off. A personal loan is a lump sum of money which you’ll pay back over time — usually 12 to 60 months, depending on the lender.

This longer repayment period means you won’t have to repay your entire balance on your next payday. But personal loans come with interest. The longer it takes to repay your loan, the more overall interest you’ll pay.

Personal loans are also a better option if you have at least good credit. Bad credit loans do exist, but rates can be high.

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How we chose the best paycheck advance apps

We reviewed 12 paycheck advance apps to determine the overall five best apps for paycheck advances. During our evaluation, we scored apps based on the following factors:

  • Fees and funding timeline (30%): Paycheck advance apps ranked higher if they don’t require a subscription fee and advertise next-day funds without a fee.
  • Advance amounts (30%): We prioritized paycheck advance apps that have a wider range of advance amounts. For instance, an app earned a more favorable score if its maximum advance amount is $250 or higher.
  • Customer service (30%): For starters, we considered each paycheck advance app’s reputation and business practices. We chose companies with no recent Federal Trade Commission (FTC) or Consumer Financial Protection Bureau (CFPB) regulatory action. We also favored apps that have a live chat function, customer service phone number and strong mobile app user ratings.
  • Credit-improving and budgeting tools (10%): Paycheck advance apps earned a higher score if they offer tools that help you monitor or improve your credit score. The same applied to budget-management tools.

Based on our unbiased scoring, the best apps for paycheck advances are Chime, DailyPay, EarnIn, MoneyLion and Varo Bank.

Frequently asked questions

All of the apps listed in this article offer quick cash advances. If you want your money instantly — or near instantly — you’ll probably have to pay a small fee. Also, whether you qualify for a paycheck cash advance depends on your income, spending habits and the information on your soft credit report.

If you’re looking for an app that gives you access to the money you’ve actually earned, you’ll need to target earned-wage access (EWA) apps.
 
DailyPay is an EWA app, but you can only access it if your employer offers DailyPay as a benefit. DailyPay takes what you borrow out of your paycheck before your check hits your bank.
 
If you’re simply looking for money in between paychecks, any of the apps on our list above can help. But instead of taking the money you borrow from your paycheck, those other apps automatically deduct what you owe on your pay day (just like with a payday loan).

There are a few ways you may be able to borrow $300 quickly (or any similar amount).
 

  • Paycheck advance apps let you borrow money in-between paydays. Unless you have a high income and responsible spending habits, most apps won’t offer $300 for new users.
  • Credit card cash advances can be a good choice if you already have a credit card that allows advances and are certain you can pay your advance balance before the end of your first billing cycle.
  • Buy now, pay later (BNPL) apps won’t let you get cash, but you can use them to cover retail purchases and in some cases, bills.
  • Personal loans can be a great way to get a lump sum of cash. However, you’ll likely need good credit (680+) to qualify for affordable rates, and you usually need 740+ for the very best rates. Expect to wait a few hours or days for personal loan funds depending on the lender.