What is a paycheck advance app?

A paycheck advance app allows you to use your smartphone to borrow money in between paychecks. Instead of running a credit check, the app will review your bank account to determine your eligibility. Namely, it’ll look at the amount and frequency of your direct deposits. It may also consider your spending habits.

What is a cash advance app?

It’s a paycheck advance, or cash advance to help cover you until your next payday. In other words, it’s a way to get paid a little early for the work you’ve already performed, usually without a credit check. Cash advance apps pay you for some of the work you’ve already done this week, even if your paycheck is still several days away.

What is the best payday advance app?

The best payday advance app is the one that best suits your needs. Apps like Chime and Current offer online financial services and could help you receive your paycheck up to two days early. Apps such as Empower and Dave could offer cash advances, but these need to be paid off when your next paycheck arrives.