Getting a cash advance using Cash App is not always easy, especially because the app is not made for this. This is why you need to know about Payday Loans Apps that accept Cash App, if you want to get a cash advance fast.
However, some of these applications do not connect directly with Cash App, so you have to use a bridge to transfer money between accounts. In these cases, the most recommended intermediary is Chime, so that the money transfer can be made.
Cash advance applications that work with the Cash App
There are several applications to make a Cash App cash advance, for this, you can use any of the following:
Dave
This is an application that works well with Cash App, and to do so you simply have to open a Dave Spending account and add the debit card as a payment method. You can easily transfer money from the Cash App to the Dave account and withdraw the funds from the cash advance to make payments with the Cash App.
This application does not support instant transfers, but a transfer can take up to 5 business days to process. It charges a monthly subscription fee of $1 and has a cash advance of up to $250 available.
Once you open a checking account with Dave, you will receive a Dave debit card, and you just need to link it with the Cash App so you can transfer money.
MoneyLion Instacash
Debit cards from the MoneyLion application can be linked to the Cash App so that money can be transferred easily. In this case, you will be able to use instant money transfer if the card details are added to the Cash App.
You can also add the Cash App account to Roar Money by simply entering the routing and account number. However, for these ACH transfers, the standard time for completion is usually between 1 and 3 business days.
It functions as an online bank and operates on an interest-free membership model. It offers advances of up to $250 before payday and offers short-term loans. It is important to note that, in order to withdraw money, the account must be open for at least two months and receive regular deposits.
Albert
It is a very reliable cash advance option that works with Cash App. This app allows you to borrow up to $250 immediately, with no late fees, credit checks, or interest.
With this application, you can add your Albert debit card to the Cash App to transfer cash advances quickly. It does not support prepaid or cash cards because they do not have the functionality to receive or repay cash advances.
In case Albert does not work with Cash App, an online Chime account can be opened which can be used as a bridge for linking the two applications.
Chime
It is not a cash advance app, but it is an app that does work with Cash App. To link them you simply add your Chime debit card or Chime bank account as a payment method.
If you want to get a cash advance, you can use Chime Spot Me, which allows you to have an advance of up to $200 depending on your direct deposits. Once the advance is received you can transfer the funds to your Cash App account or deposit the money into another bank account or debit card.
Brigit
This is an app that works for some people and not for others, so it’s worth trying your luck. This one allows you to make cash advances and manage your finances by simply linking your Cash App account to Brigit.
This application is exclusively for linking checking accounts through the Plaid service but does not accept prepaid card accounts. For users who experience problems with the Cash App linking, it is recommended to use the Chime platform as a bridge with which the two applications can be linked.
Is it possible to borrow money directly from Cash App?
This is an option that is currently in the testing phase and is not available to all users. The idea is that in the very near future, it will be possible to request small personal loans from $20 to $200 directly from the application.
This new feature will fund the loans and they must be repaid in four weeks or less. Note that, for these loans, a flat 5% fee applies and an additional 1.25% for each week after the grace period is over. The new feature is called Cash App Borrow and can be a great help when you need cash quickly.
How can I request a Cash App Borrow cash advance?
You can search in the application to find out if you have already enabled the option to request a money loan. To do so, simply follow these steps:
- Open the application and enter the balance.
- Look for the “Banking” section, and go to “Borrow“.
- In case the application shows you the “Loan” option, it will indicate that you can request the loan.
- Enter the option, and click on “Unlock“.
- The application will then tell you how much money you can borrow.
- Accept the terms of the user agreement and you will have your loan in your account.
In case you still do not have the loan option in your Cash App, it will indicate that you have to wait a little longer until it appears.
Are there any cash advance applications that do not require direct deposit?
No. All applications that offer cash advances require some form of direct deposit. They do this as a guarantee because you can be guaranteed to get your money back if you don’t pay.
Some applications may be less strict, and will not always ask you to set up direct deposit. However, in most cases, you must be allowed to set up automatic payments in order for them to work properly.
REFERENCES
- 5 Instant Cash Advance Apps that Work with Cash App Now! (2023, August 1). Billpin.com. https://www.billpin.com/cash-advance-apps-that-work-with-cash-app/