In addition to that, PayActiv also provides financial counseling to its users, where it educates them about the different ways to manage finances efficiently. PayActiv also provides a feature to pay your bills and get deals on prescription medications. Apart from that, it offers a debit card enabling you to withdraw money quickly. However, the transferring of cash may require you to pay a small fee of $5.
FlexWage is an alternative app to Earnin that is perfect for employees who wish to turn their work hours into immediate cash. FlexWage also offers payroll debit cards for employees who receive paper checks and don’t have bank accounts. However, all of these services come with a small fee of $5. But the services at FlexWage are worth considering especially if you are eligible for their debit card.
Like Earnin and Dave, Chime is also diligent in its functioning. It allows you to get your paycheck up to two working days early. However, the working mechanism of Chime is slightly different. Here, when you sign up with the app, you receive a Visa Debit Card along with a spending account. You can also set up a savings account to save money with Chime.
Chime does not have any monthly membership. It makes money on the interchange fees that incur every time you use the Visa Debit Card. Besides that, you are charged around $2.5 when getting cash out of an ATM that is not a part of Chime’s ATM network.
Most loan lending apps like earnin do not accept applications from hourly employees. Branch provides a platform to support hourly employees to attain financial stability as they are the most vulnerable to cash flow problems. It has no membership fees and it does not charge any interest on the loan. Moreover, it provides services to people without even checking their credit rating. Once, the employee has applied, it takes three business days to receive the cash. But with a small fee, you can get cash instantly.
DailyPay shares a similar model as Earnin, however, it is not as popular as Earnin. DailyPay works with employers who want to help their employees get cash advances until their next paycheck. It allows users to connect their bank accounts with the app along with the number of working hours for each day. The balance amount accumulates as the working hours’ increase and the user can then use the balance to get advance cash with a small transfer fee of $1.25.
Even is a comprehensive financial planning app that is slightly different from Earnin. It is excellent for anyone who wants to boost their financial wellness. With Even, you get instant access to your earned wages instead of waiting for your paycheck to arrive. It also provides various financial management features to help you sort out your finances and plan your monthly budgets to stay away from the vicious debt cycle. The one drawback of this app is that you can only use it if your employer uses it as well.
Vola Finance allows you to get up to $300 payment for a monthly subscription of $4.99. apart from this, there are no tips or fees to pay for any money transfer. Vola Finance has a unique feature called the Vola Score – it is a rating system that provides access to lower subscription fees and higher advances. This service is more optimal for people who often require to borrow online Zanesville payday loan extra money.