5 Cash Advance App Fees to Know Before You Borrow
Stretching a paycheck can be tricky. For those trying to bridge the gap, a cash advance app may seem like a fast, convenient option. But each app sets its own fees and add-on costs that can make borrowing costlier than you planned.
Knowing the fees cash advance apps charge can help you make smart choices and avoid surprises.
KEY TAKEAWAYS
- Cash advance apps are convenient but often come with extra fees.
- Monthly subscriptions, instant transfers, and “tips” can increase your costs.
- Paying attention to repayment dates can help you avoid late fees.
- A Cash Advance from Advance America offers clear terms without hidden add-ons.
➢RELATED: What Is a Cash Advance, and How Does It Work?
The appeal of cash advance apps
These apps promise quick access to funds with just a few taps, which can feel especially helpful when you need cash fast. Younger borrowers, in particular, turn to cash advance apps because they offer:
- Online convenience
- Accessibility
- Instant access (often with a fee)
- Flexibility
For people who need fast funds to cover an unexpected bill, car repair, or grocery run, a cash advance app can feel like a quick fix. But convenience often comes with hidden costs.
➢RELATED: 8 Questions to Ask Before Getting a Cash Advance Loan
Common cash advance app fees
Even though cash advance apps make borrowing simple, the fees associated with them aren’t immediately obvious. Knowing the most common cash advance fees can help you make the right choice for your situation.
1. Monthly membership or subscription fees 📅
Many apps require you to join a “membership” program to access borrowing. While some start with a free trial, the ongoing cash advance fee can range from a few dollars to $30 per month. Even if you don’t use the app every month, you may still be charged.
2. Instant transfer fees (to get money quickly)
If you need money right away, most apps allow you to transfer funds instantly to your bank account — but for a price. Instant transfer fees often range from $1 to $10 or a percentage of the amount you borrow. If you’re willing to wait a few days for a standard transfer, the fee is usually waived.
3. Late payment fees ⏰
Not repaying your cash advance on time can lead to additional charges. While some cash advance apps don’t call them “late fees,” they may charge other penalties or restrict future borrowing until your balance is repaid. These fees can make an already stressful financial situation even more difficult.
4. “Tips” 💲
Many apps ask (or strongly encourage) you to leave a “tip” when borrowing. While optional, these tips can add up quickly. Some even limit borrowing amounts for users who don’t leave tips, which can make this feel less optional in practice.
5. ATM withdrawal and transaction fees 🏧
Withdrawing your cash advance through a debit card may come with standard ATM fees from both your bank and the ATM operator. Some apps may also add extra charges for debit card use or out-of-network withdrawals. These fees are often listed as withdrawal or transaction fees on your transfer receipt.
| Cash Advance App Costs | ||
|---|---|---|
| App | Monthly fee | Transfer fee |
| Dave | Up to $5 | 5% |
| Earnin | $2.99 for autopay or $12.99 for manual | $3.99 - $5.99 depending on amount |
| Chime | $0 | $2 |
| Brigit | $8.99 or $14.99 for premium | $0.99 - $3.99 |
| Klover | Up to $4.99 | $1.99 - $16.78 |
Some cash advance apps rely on flat monthly memberships, while others charge per transaction or offer optional add-ons. Understanding the different fee structures can help you choose the option that best fits your financial situation.
How to save on cash advance fees
While fees are part of most cash advance apps, there are a few ways you might reduce what you pay.
- Compare apps carefully: Not all apps charge the same fees. Check whether a monthly membership is required or optional.
- Use standard transfers when possible: Waiting a few days for funds could save you instant transfer fees.
- Only borrow what you need: Smaller loan amounts can help reduce overall costs.
- Watch your repayment dates: Avoid late fees by setting reminders or linking your account for automatic repayment. • Limit tips: Remember that tipping is voluntary. If you choose to tip, consider keeping it modest.
- Track your cash advance app usage: If you find yourself relying on a cash advance app often, the monthly fees and transfer costs can add up quickly. Monitoring how frequently you borrow may help you spot patterns and consider alternatives.
➢RELATED: Cash Advance for Bad Credit
Getting a Cash Advance from Advance America
If you’re looking for an alternative to a cash advance app, Advance America offers a straightforward way to get funds when you need them. With a Cash Advance loan, you can apply quickly online or in-store and, upon approval, you can receive funds by the same day.* You’ll know your repayment terms upfront, without any hidden membership fees or “tipping” obligations.
Borrowing money is an important decision, and clarity matters. That’s why we keep the process transparent and simple, allowing you to focus on what matters most –– covering your expenses and moving forward with confidence.
MORE WAYS TO GET CASH FAST:
Notice: Information provided in this article is for informational purposes only. Consult your attorney or financial advisor about your financial circumstances.
About the author
Ashley Masiello is an experienced copywriter and editor who has crafted engaging content for numerous websites and continues to do so with Advance America. She likes to combine her creative personality with clarity to make concepts easy and fun to read.