Top 20 Best Instant Money Apps for Cash Advances 2022

You might at some point need the best instant money apps when you live paycheck to paycheck, an unexpected expense can derail your plans. Best instant money apps are a temporary answer to such financial problems.

According to a Bankrate poll, more than half of those polled would be unable to cover a $1,000 unexpected expense. Issues such as a failing transmission or a burst pipe could ruin budgeting plans and generate financial stress if there is no emergency fund to fall back on.

Borrowing money and repaying it with a future paycheck is a frequent technique to offset expenses until the next payday.

Both payday loans and cash advance applications allow you to borrow money before your next payday. Lenders demand high annual percentage rates (APRs) to borrow money with a payday loan. These hefty fees can lead to further long-term financial problems because they can accumulate into more debt.

Cash advance apps are a newer trend that, like payday loan lenders, deliver immediate cash ahead of your next paycheck but charge considerably lesser costs or none at all. Rather than interest, app developers profit through voluntary “tip” payments or membership fees. Cash advance applications may be becoming more popular as a result of decreasing costs, stagnant earnings, and financial hardships caused by the coronavirus outbreak.

Top 20 Best Instant Money Apps 2022

  • SeedFi
  • Current
  • Vola
  • Go2bank
  • Earnin
  • Dave
  • Brigit
  • Sofi
  • Albert
  • Branch
  • Even
  • Payactiv
  • Flex wage
  • Loan solo
  • Pockbox
  • Cashapp
  • Cleo
  • Money lion
  • Empower
  • Varo

1. SeedFi

Top 20 Best Instant Money Apps 2022
Top 20 Best Instant Money Apps 2022

If you have poor credit or no credit history, SeedFi’s Credit Builder Prime is a good first step to take to start improving your score. There’s no credit check to get Credit Builder Prime – whatever score you have now won’t impact your ability to get this product. You can establish and improve your credit since payments are reported to the three major credit bureaus – on-time payments can help boost your credit score1 – and you can also end up with savings in the bank that you didn’t have before. And its our first pick for the best instant money apps.

When you sign up for Credit Builder Prime, SeedFi opens a $1,000 line of credit in your name. You decide how much you want to draw, anywhere from $10 – $40, from the line of credit each pay period.. SeedFi deposits this amount into a locked savings account in your name. Each draw is a small, interest-free loan, and , when you get your paycheck, you simply pay SeedFi back – no fees, no interest.

To apply, Click here

2. Current

Top 20 Best Instant Money Apps 2022
Top 20 Best Instant Money Apps 2022

Current is a money borrowing app that gives you ability to instantly access up $200 with no interest or fees. There’s no credit check either.

With Current you get nearly all of the features you use a bank for, straight from your phone. Sign up for Current and you’ll get a Current debit card, which you can use at the millions of merchants that accept Mastercard, or withdraw cash from nearly 40,000 ATMs with no-fee.

You can also cash checks right in the app, and even earn rich cash-back rewards when your debit card, such as 4% at tons of local and national restaurants, and 2% back at brand-name gas stations. Its our second pick for the best instant money apps.

The most popular feature is Current Overdrive, which gives you instant access to up to $200 in no-fee overdrafts in debit card purchases.

To apply, Click here

3. Vola

Top 20 Best Instant Money Apps 2022
Top 20 Best Instant Money Apps 2022

When you’re looking to borrow money with a loan app, Vola stands out because it offers same-day cash advances of up to $300 with no credit check. It also supports over 6,000 credit unions and banks.

  • Amount: Up to $300
  • Processing Time: Within five hours
  • Repayment: Manually or automatically on the due date
  • Fees: Subscription fee of $2.99 to $28.99

To apply, Click here

4.Go2bank

Top 20 Best Instant Money Apps 2022
Top 20 Best Instant Money Apps 2022

If your Go2bank account receives direct deposits, you can receive your complete paycheck early for no additional cost. how soon? You may receive government benefits up to four days early; up to two days. You’ll pay $5 each month if your Go2bank account doesn’t receive direct deposits.

To apply, Click here

5. Earnin

Top 20 Best Instant Money Apps 2022
Top 20 Best Instant Money Apps 2022

You can receive up to $500 from your paycheck and up to $100 per day with this payday advance app. In Earnin’s opinion, freelancers may find it difficult to demonstrate that they receive a paycheck because you are required to disclose your checking account details.

The money, however, will be given to you without charge or interest. Just a gratuity is requested, with a suggested amount of 4%. Its our fifith pick for the best instant money apps.

To apply, Click here

6. Dave

Top 20 Best Instant Money Apps 2022
Top 20 Best Instant Money Apps 2022

Although there is a means to earn $200, Dave only allows advances of up to $100. (it involves getting a Dave debit card and a Dave spending account). No interest will be added to your balance, however a gratuity of up to 20% will be requested.

To use the app, you must also pay a $1 monthly subscription charge. It’s important to note that there will be a cost of between $1.99 and $5.99 if you require the money immediately, such as within eight hours. However, there is no charge if you can wait a couple of days. Its our sixth pick for the best instant money apps.

Dave will assist you with money management. In the event that your account balance is insufficient or you are unable to pay a bill that Dave is aware will be due.

To apply, Click here

7. Brigit

Top 20 Best Instant Money Apps 2022
Top 20 Best Instant Money Apps 2022

If you’re okay with the $9.99 monthly membership charge, this payday advance app will transfer you up to $250 that you’ve already earned in less than a minute. You must provide evidence of your monthly income as well as the duration of your bank account (it has to be at least 60 days old, which is common among these apps). Its our seventh  pick for the best instant money apps.

You can receive a cash advance of up to $250 once Brigit is confident that everything is legitimate and that you will truly be receiving a paycheck. When you receive payment, Brigit’s account will be automatically credited with the amount you owe her.

To apply, Click here

8. SoFi Checking And Savings

Top 20 Best Instant Money Apps 2022
Top 20 Best Instant Money Apps 2022

You should set up direct deposit with SoFi, just like you would with many other payday advance apps on this list (many of them are really more like online banks that offer the payday advance option). If you comply, you might receive your paycheck up to two days earlier than usual. Its our eight pick for the best instant money apps.

To apply, Click here

9. Albert

Top 20 Best Instant Money Apps 2022
Top 20 Best Instant Money Apps 2022

You can receive up to $250 from Albert from your upcoming paycheck. No fees, interest, or credit check are involved. Simply return the $250 when you receive your subsequent paycheck. Its our 9th pick for the best instant money apps.

You will end up paying a modest fee if you subscribe to Albert Genius, a program where you can ask Albert’s financial experts questions regarding money, if you need that money right away (in 10 minutes or less).

To apply, Click here

10. Branch

Top 20 Best Instant Money Apps 2022
Top 20 Best Instant Money Apps 2022

In the majority of the nations it works in, Branch provides personal loans. It provides a cash advance in the US of up to $500 of your income or up to $150 per day. It provides free ATM access at more than 40,000 locations across the US, no-fee checking, and a debit card. Its one of our recommended best instant money apps.

Through the Branch app, you may also send and receive money as well as transfer money and pay bills. Instant advances to your debit card cost $2.99 to $4.99, however normal advances to your bank account are free and take up to three business days.

To apply, Click here

11. Even

Top 20 Best Instant Money Apps 2022
Top 20 Best Instant Money Apps 2022

Even, yet another best instant money apps aids in on-demand payment by collaborating with thousands of employers who have joined forces with the business. The $8 monthly membership fee for the app is the only cost; there is no interest involved.

However, some employers cover all or a portion of that expense. The Even app not only notifies you of forthcoming payments and how much you need for them, but it also assists you in budgeting from salary to paycheck.

To apply, Click here

12. PayActiv

Top 20 Best Instant Money Apps 2022
Top 20 Best Instant Money Apps 2022

PayActiv users can access earned money prior to payday and receive assistance with financial advice. The app’s platform was created to be more than just a substitute for payday loans, enabling users to pay their bills and receive savings on prescription medications. Its our 12th pick for the best instant money apps.

You may even access your money quickly and conveniently with a debit card that is linked to your PayActiv account and has fraud protection. Users can use the service for free if they set up direct deposit to the card, or they can choose to pay a $1 daily fee.

To apply, Click here

13. Flex Wage

Top 20 Best Instant Money Apps 2022
Top 20 Best Instant Money Apps 2022

FlexWage works to enable workers to access their earned earnings whenever they need to, much like the other payday loan substitutes listed. These applications for payday loans are becoming more and more popular because they help employees who are stressed out about money. Additionally, payroll advances free firms from the administrative headaches that come with them. Its one of our recommended best instant money apps

In addition, FlexWage provides reloadable payroll debit cards for workers who typically receive paper checks. Workers who lack banking services and are unable to accept direct deposits may find this useful.

To apply, Click here

14. Loan Solo

Top 20 Best Instant Money Apps 2022
Top 20 Best Instant Money Apps 2022

You can quickly receive money into your bank account without a lot of effort or cost. LoanSolo provides personal loans up to $3,000 and quick cash advances up to $1,000. APRs can change depending on the lender and your credit history. However, it may still be less expensive than paying the exorbitant fees connected with payday loans if you need to fill a gap or get ahead. Its among the amazing best instant money apps available.

To apply, Click here

15. PockBox

Top 20 Best Instant Money Apps 2022
Top 20 Best Instant Money Apps 2022

PockBox provide quick cash of up to $2,500. You fill out the paperwork, and within a short period of time, a lender prepared to deposit money into your account by the following business day. Its our 15th pick for best instant money apps.

Once more, APRs depend on your credit situation and the lender, but you’ll likely spend less through PockBox than you would with an online or offline payday lender.

To apply, Click here

16. Cashapp

Top 20 Best Instant Money Apps 2022
Top 20 Best Instant Money Apps 2022

Anyone who is at least 18 years old can open a CashApp account. You can get your paychecks up to two days early when you sign up. If your monthly salary is at least $300, you are also eligible for free ATM withdrawals.

You may pay for services, send money to friends and family, and more using CashApp. Additionally, you can invest as little as $1 in Bitcoin and stocks. CashApp doesn’t charge a fee for its direct deposit service or for sending money to others. ATM withdrawals and cash card upgrades are subject to surcharges.

To apply, Click here

17. Cleo

Top 20 Best Instant Money Apps 2022
Top 20 Best Instant Money Apps 2022

Cleo isn’t a bank. It’s a money app that links to your existing bank account. One of its key features is a salary advance benefit to help you avoid overdraft fees.

If you qualify, you can get an advance of $20 to $70 immediately. Once you pay it back, your cash advance limit can increase up to a maximum of $100. This feature requires no credit check and no proof of regular income. And you pay no interest on the money you borrow.

To apply, Click here

18. Money Lion

Top 20 Best Instant Money Apps 2022
Top 20 Best Instant Money Apps 2022

You can join up for Money Lion simply known  as RoarMoney, which allows you to receive a $1,000 cash advance, or you can sign up for the Instacash option, which will grant you a cash advance of up to $250.

Your direct deposits will be made into a RoarMoney account if you choose the latter option. Additionally, you’ll receive everything a financial institution would typically offer, including a debit card and access to ATM networks.

Additionally, you might not be eligible for a $1,000 cash advance. It might be lower. It depends on various elements, including how much cash is regularly deposited directly into your RoarMoney account. Its our eighteenth pick for the best instant money apps.

Having a RoarMoney account costs $1 per month, and you must pay $3.99 for rapid cash delivery.

To apply, Click here

19. Empower

Top 20 Best Instant Money Apps 2022
Top 20 Best Instant Money Apps 2022

You can receive a cash advance from Empower up to $250, which you’ll immediately reimburse when you get paid. There are “no interest, no late fees, and no risk to your credit,” as the website advertises. Its our nineteenth pick for the best instant money apps.

Top 10 Best E Transfer Loans On Social Assistance

However, there is a $8 monthly subscription cost, so you should consider whether the program is worthwhile before signing up. You are paying a monthly cost for Empower’s features, which include savings, budgeting, and expense-tracking tools, despite the website’s claim that “The $8 price is for the banking and budgeting tools and does not have an association with advancing.”

To apply, Click here

20. Varo

Top 20 Best Instant Money Apps 2022
Top 20 Best Instant Money Apps 2022

Our last pick for the best instant money apps is Varo. This is another online bank account with a few features for payday advances. Varo, like Chime, can deliver your paycheck to you as soon as it clears the bank, which is typically 48 hours faster than traditional banks. Varo will also give you a free $20 advance if you need your money sooner.

However, you will start to pay if you require more than that. The maximum amount of your paycheck that can be advanced is $100, and the maximum fee you’ll have to pay is $5. You must repay the advance within 15 to 30 days.

To apply, Click here

Frequently Asked Questions (FAQs) About Best Instant Money Apps

What Is The Best Money App To Use?

Overall, we found that MoneyLion is one of the best apps that loan you money instantly, and it should be available in all states.

What Apps Let You Get Money Instantly?

  • Earnin: Best for hourly workers.
  • Dave: Best for overdraft protection.
  • Brigit: Best features.
  • Current: Best for spending.
  • Chime: Best for those looking to avoid bank fees.
  • MoneyLion: Best for those who receive direct deposit

What App Will Let Me Borrow $20?

Chime comes with the SpotMe service, which allows account holders to overdraw their accounts up to $200. The limit for new users, however, is $20. Chime deducts the overdraft amount from the user’s next paycheck, helping users cover expenses without having to worry about overdraft fees. Chime accounts are free to use.

What Is My Money App?

Download the MyMoney app to get the best business loans and personal loans now and manage your finances like a pro! credit report to check your eligibility to apply for business loans instantly! Instant Loan – Apply for a Business loan & Personal loan and get approval in under 10 minutes

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About the Author: Agunbiade Gbenga

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