Dave App’s work has become famous recently for its offer to lend small amounts. Although there are many similar apps, this one does not charge extra fees, only some in case you need the money right away. In addition, it includes a financial advice system that is ideal for your personal finances.
And if you’re wondering if Dave takes a long time to deposit the money, the answer is that it varies, but not too much.
However, it may be that for some good reason, you no longer wish to rely on the services and products it offers, which is completely normal.
I just recommend that, in case you want to cancel your account or unlink your bank account, follow the steps that Dave App suggests to avoid uncomfortable situations. Furthermore, keep in mind that although there are many apps like Dave, this one will always be the best.
Can I unlink my bank account from Dave App?
Yes, but you must cancel your membership to do so. The reasons why you may want to unlink your account can be many, from security issues or because you simply think you no longer need the services of this platform. However, if you would like to change your account, this is not the best option to do so.
But let’s go back to the main issue: unlinking the bank account. As I already told you, you will have to cancel the membership, which is not a process that requires a lot of time or knowledge. Just follow these steps:
- Make sure you don’t have any debt in the app
- Find and select the “Manage Membership” option
- Tap on “View Membership status”
- Select “Pause Membership”
- Select “Cancel my account”
- Select “Continue to cancellation…”
- Enter the reason for cancellation and submit it
- Finally, tap on “Slide to cancel”
With these steps, you will have successfully unlinked your bank account and at the same time cancelled your membership in the application. As you can see, it is a quick and practical process that you can do at any time if you are not in debt.
How can I stop Dave from taking my money?
The only way to stop Dave from taking your money is to pause or cancel your membership. Just follow the steps and if you don’t have any debts, the application will stop charging you. In case you have any amount to pay, the application reserves the right to not allow you to cancel your membership.
Why can’t I cancel my Dave account?
One of the most important benefits that Dave has is that if you are an eligible user, you can make an advance of $500. However, this can leave you with a fee if you need it in less than 24 hours.
I explain this because some users believe that Dave App does not charge these fees and decide to cancel their membership and close the account without paying them. However, as I already told you a couple of times, Dave App may not accept the cancellation of the membership of your account, and this is within the terms of use.
While they may decide to take some kind of action on it, possibly the only thing that will happen is that they will suspend or close your account after two months. And you may not see it as something serious, but this will not allow you to open another account with the platform in the future.
Is deleting the app the same as unlinking my bank account?
No, if you delete the app you will not have it on your device and you will not receive the alerts, but it is not the same as removing or unlinking the bank account, much less canceling membership. If you really do not want to continue using the platform’s services, pay the debt (in case you have one) and cancel the account.
If you don’t pay the debt and delete the app, the app may generate overdraft charges on your bank account, which eventually may result in negative balances for you and your financial history. So the best thing to do is to follow the logical and legal process.
How do I change my bank account on Dave?
If what you need is to change the account you have linked to the application, it is also a straightforward process (although in this case, you don’t have to cancel the subscription). To do so, just take a few minutes and follow these instructions:
- Go to the “Settings” tab
- Find and select the “linked bank and cards” option
- Select the bank you are currently linked to and tap the “Change bank” option
After these steps, you will have to wait for the platform to connect with the bank, so it will ask you to enter the data with which you enter the bank’s digital platform. You will probably be asked for some security data to complete the verification process.
Can I connect my Dave App to other payment methods?
Well, it will depend on the nature of the payment. That is, if they are products such as prepaid cards or accounts, the app will most likely reject them. So you must do your research before adding any of the following platforms:
- PayPal
- American Express
- Discover
- Credit Karma
- Any debit card that will expire in two months
In some cases, the app does allow you to use prepaid Products. But only from specific companies or use a bridge account, such as the Chime platform, that allows you to send money to a third party and then transfer that money to the prepaid product.
Can you have more than one account with Dave?
Unfortunately, you can’t. Dave’s policies and Terms of Use do not allow a user to have more than one account in their name. So if you decide to unlink your bank account, but first wish to create another account for any reason, you will not be able to.
Remember that Dave App asks for your Social Security Number and does a verification process as soon as you generate your Dave user and account. This makes their job easier in case of fraud or illicit activities.
References
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Allen, James. “5 Cash Advance Apps for Prepaid Debit Cards Users That Work!” Billpin.Com, https://www.billpin.com/cash-advance-apps-prepaid-debit-cards/
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“Connecting Your External Bank Account.” Dave, https://support.dave.com/hc/en-us/articles/115001436131-Connecting-your-external-bank-account
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Deck, Help. How to Change Bank Account on Dave App. YouTube, https://www.youtube.com/watch?v=gVJy5qk9zMc
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—. How to Delete Bank Account from Dave App ! YouTube, https://www.youtube.com/watch?v=IEW8ppQ3YvQ
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“How to Cancel Dave Subscription/Membership?” Beem, https://trybeem.com/how-to-cancel/dave