We all have low-cash moments. Instead of facing non-sufficient funds (NSF) or overdraft fees, apps like Possible Finance can help you secure cash in a pinch.
If you can’t wait until payday, Possible Finance can help you access up to $500 regardless of your credit history. It can also help you build credit because it reports to the credit bureaus.
However, Possible Finance isn’t perfect. You may have to pay up to $20 for every $100 borrowed, which can negate the benefit altogether. Plus, it’s only authorized to offer loans in 18 U.S. states.
Fortunately, if you are looking for alternatives to the Possible Finance app, there are plenty of options that we’ve listed below.
7 Apps Like Possible Finance
Here are our top picks for apps like Possible Finance:
1. Dave
If you need a considerable cash advance, Dave’s ExtraCash™ feature offers the largest advance loan amount in the industry of up to $500 with no credit check or interest—and pay it back with no late fees.
You can pay back your loan by agreeing to a set-up repayment date. If you miss your payment on the agreed-upon date, Dave won’t tack on any fees.
You may think that accessing such a significant payday advance would come with a hefty price tag, but that’s not the case. While they do encourage users to tip, tipping is 100% optional.
Dave also offers a spending account feature. The Dave Spending account features no minimum balance requirements, automatic budgeting features, and no ATM fees. Plus, you can get ExtraCash™ loans sent directly to your Dave Spending account instead of waiting for an external transfer.
Instant transfers will cost $3.00 to $15.00 for transfers to the Dave Spending account and $5.00 to $25.00 for external transfers.
2. Chime®
You’ve likely already heard of Chime, one of the fastest-growing financial technology companies. Chime offers several financial products, including a checking account, savings account, and card geared towards building credit.
If you have an activated Chime debit card and set up a direct deposit of at least $200 each month, you will be eligible for Chime’s SpotMe® feature. SpotMe® is Chime’s fee-free solution to overdraft protection and will spot you up to $200 when you make a purchase that exceeds your account balance. Chime will automatically deduct your loan amount from your next direct deposit, so you don’t have to worry about remembering to pay your bill.
Chime doesn’t offer typical paycheck advances like other apps on this list. Instead, SpotMe® only covers you when you overdraft your bank account. If you are looking for a cash advance feature that doesn’t require you to overdraw your account, Chime may not be the best app for you. However, their stellar financial services and programs to improve bad credit may outweigh this con.
Learn more:
- Read our Chime Review
Chime is a financial technology company, not a bank. Banking services provided by The Bancorp Bank, N.A. or Stride Bank, N.A., Members FDIC.
Chime SpotMe® is an optional, no fee service that requires a single deposit of $200 or more in qualifying direct deposits to the Chime Checking Account each at least once every 34 days. All qualifying members will be allowed to overdraw their account up to $20 on debit card purchases and cash withdrawals initially, but may be later eligible for a higher limit of up to $200 or more based on member’s Chime Account history, direct deposit frequency and amount, spending activity and other risk-based factors. Your limit will be displayed to you within the Chime mobile app. You will receive notice of any changes to your limit. Your limit may change at any time, at Chime’s discretion. Although there are no overdraft fees, there may be out-of-network or third party fees associated with ATM transactions. SpotMe® won’t cover non-debit card transactions, including ACH transfers, Pay Anyone transfers, or Chime Checkbook transactions. See Terms and Conditions
3. Klover
You can request a moderate cash advance of up to $200 through Klover with zero interest or late fees and no credit check.
To get started, you must create an account with your name, email, and phone number. From there, you will need to link your bank account so Klover knows where to send the cash.
Klover requires at least three consecutive direct deposits from your employer before you request a cash advance.
The basic version of the app is free, but you can access additional features through Klover+ for $3.99 per month.
Klover differs from other cash advance apps in that it doubles as a get-paid-to (GPT) platform. You can earn points through Klover by doing things like taking surveys and watching videos.
Once you earn enough points, you can cash them out for rewards like larger cash advances or a chance to enter their daily sweepstakes to win up to $100.
4. Earnin
Earnin is a mobile app with the mission of making everyday payday. They allow workers access to up to $100 per day and up to $750 per pay period without paying any fees.
Users won’t have to pay high interest rates or monthly membership fees. Instead, Earnin relies on voluntary contributions from its users.
We’re used to tipping at bars and restaurants, but it may seem strange to tip for using an app. Earnin doesn’t pressure users to tip, but it encourages users to tip what they think is fair. The app deducts tips, ranging from $0 to $13, from your salary each payday in addition to the loan amount.
Earnin issues advances reasonably quickly. They usually send money to users’ bank accounts within 30 minutes. You won’t have to worry about remembering a repayment schedule because Earnin will automatically deduct your advance from your next direct deposit.
Earnin has a few eligibility requirements to get your first cash advance. You must have the following:
- Employment with a consistent pay schedule
- A fixed work location or employer-provided email address
- A primary residence in the United States
- Be at least 18 years old
- Own a bank account in the U.S.
- Have a valid U.S. cell phone number
Learn more:
- Read our Earnin App Review
5. MoneyLion
MoneyLion is an all-in-one mobile banking service that wants to help you avoid those “how do I pay for this” moments. They offer up to $500 in interest- and fee-free cash advances with no credit check through their InstaCash feature and credit-builder loans to help you improve your credit score. You can also get a checking account and an accompanying cash-back debit card to earn cash rewards at your favorite retailers.
To get started, download the app and link your checking account. If you have a MoneyLion checking account, the cash advance will automatically route to that.
You will then go to the InstaCash page and hit ‘Request.’ From there, you can select the amount you want. If you can wait a day or two, standard delivery is free, but you must pay a small fee if you want the funds almost immediately.
6. Cleo
Cleo isn’t like other all-in-one banking apps. They offer cash advances, overdraft protection, and budgeting tools all in a cheeky, easy–to–understand platform.
You can sign up in as little as two minutes and request fee-free cash advances that won’t require a credit check or gain interest. Your first cash advance has a limit of $20 to $100, with future amounts ranging from $20 to $250. But you can grow that limit over time as you build a repayment history with Cleo.
One of the unique features of Cleo is that it doesn’t require employment verification or direct deposit. This can be a game-changer for gig workers, freelancers, or anyone else who doesn’t receive a regular direct deposit from an employer.
While Cleo earns points for having a user-friendly platform that feels like you’re texting a friend, they lose points for interest on cash advances. You will be charged interest based on how the cash out is processed, such as from a credit card. However, you will not be charged interest if you request a cash advance through the Salary Advance feature.
7. Brigit
Brigit is an excellent solution for people with poor credit who need access to funds. For $9.99 per month, you get access to instant funding, automated paycheck advances, free repayment extensions, and credit-building tools. It also has additional features to help you monitor your spending, such as a budgeting feature that sorts your purchases by category.
Brigit users can request up to $250 in cash advances without credit checks or hidden fees. You can access your funds instantly with a qualifying linked debit card. Plus, you can create a flexible repayment plan and change the due date up to three times.
One of the unique aspects that Brigit offers is their Earn & Save feature. The Earn & Save feature allows users to discover new jobs and side gigs to help them earn more.
The Earn & Save feature is included in the free plan, but you can access even more components through their $9.99-per-month Plus membership and $14.99-per-month Premium membership. You can utilize identity protection features, immediate deposits, automatic advances, and more.
Are Apps Like Possible Finance Worth It?
Apps that offer advances on your next payday aim to empower users through financial security and budgeting tools.
Possible Finance is an excellent app, but it is not accessible to many people in the U.S. due to its state restrictions. It’s only available in the following 18 states:
- Alabama
- California
- Delaware
- Florida
- Idaho
- Indiana
- Iowa
- Florida
- Kansas
- Kentucky
- Louisiana
- Michigan
- Mississippi
- Missouri
- Ohio
- Oklahoma
- Rhode Island
- South Carolina
- Tennessee
- Texas
- Utah
- Washington
As you have seen, various cash advances are available that suit different financial needs and credit situations.
Compare each app’s features to find the best option for your needs.
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