Today I will doing a comprehensive review about the Albert cash advance app, its uniqueness as a payday advance application and other alternative apps like Albert application. Albert and Dave have many similar unique features as giving access to quick paycheck advances and I will also review the best apps like Dave and Albert to access quick and small advances before your next payday without credit check or interest charges.
Cash advance apps are online lending platforms that let you borrow money instantly, connect to your bank account, and gives you access to a “pay advance” or direct deposit without any credit check. The loan amounts are typically small, with no fees or interest charges, and usually to be repaid on on your next paycheck. If you are hit with an emergency cash need or an unexpected bill and you need alternative apps that work exactly like these reputable cash advance apps, you can quickly apply and get access to a payday advance without you paying interest or fees, and without any credit check.
Albert application and many alternative apps like it don’t charge overdraft, interest or loan fees, and you can get up to three cash advances per pay period; however, the total cannot exceed $250. And most of them have budget tools to help you track your finances and stay on track.
What is Albert App?
Albert app is a mobile banking and financial monitoring application that automates savings, manages budgets, sets up custom investment portfolio and offers no interest, no fee cash advances for up to $250 with repayment by your next paycheck. Accessing Albert app cash advances doesn’t require signing up for the paid membership, and instant delivery is available for a small fee. There’s no credit check and you don’t (necessarily) need to move your direct deposit. Albert also offers a great set of tools to help you track your spending, create a budget and hit your savings goals.
With the Albert app, you may also be eligible for multiple cash advances per pay period. And a big plus, there are no late fees or inactivity fees. However, many past users have expressed worries about the application’s lack of customer support, and customer reviews are mixed. Therefore Albert App as a financial monitoring tool, comes with a bit of a twist. Rather than do one or two jobs, like automating savings or keeping track of your bills, the application aims to be a one-stop shop for nearly all of your monthly financial needs.
Some of the functionalities the Albert Application seek to offer and execute include automatic savings based on what you can afford, cash advances against your next paycheck, insurance options and discounts, custom investment portfolio and specialized service for access to real human financial advisors.
Best Apps Like Albert for small cash advances 2024
Albert app has some few limitations such as mixed customer reviews, no customer service phone number, (customer service can only be reached via email and text), some fees are not listed on site and investment options don’t include retirement plans. For these reasons, other alternative apps like Albert are becoming more popular. For example, unlike some other apps similar to Albert, there is a lack of joint accounts, a $2.50 fee for using an ATM other than the free ATMs, and the inability to overdraw funds if your balance is low with this platform. These are some of the reasons why some people look into Albert alternative apps to help them navigate with small cash advances before payday.
The best alternative apps like Albert that can help you with small cash advances before your next paycheck are Chime, MoneyLion, Dave, Varo, Brigit and Cleo apps. Most of these loan apps operate 24/7 with online applications, allow same day access up to $250 with no interest or fees, and does not require any form of credit check.
1. Chime App
Chime is one of the best apps like Albert for small cash advances. The app offers a spending account with a debit card. But unlike Albert, a Chime account offers access to a myriad of credit building tools. They also have a program called “SpotMe”, which is a line of credit that covers purchases which would otherwise trigger an overdraft. Users must qualify for SpotMe by having a direct deposit of at least $200 put into their account by an employer, payroll provider, gig economy payer, or government benefits payer.
Chime offers a cash advance option and many personal finance features to improve your financial situation. Members can access up to $200 in a cash advance and have access to the Free debit card; Credit builder; Chime Checking account and Savings account – The Chime high-yield savings account pays 2.0% APY on all balances.
2. MoneyLion App
MoneyLion, a cash advance app available on iOS and Google Play, operates very much like Albert with its personal finance features. However, MoneyLion also offers additional options for credit building, and they help members locate beneficial financial offers. Like the Albert app, new users on MoneyLion may have access to up to $25 cash advances; however, if you link an external bank account with direct deposit, you may get up to $500 in cash advances.
MoneyLion’s lending service is called Instacash, and with it you can get up to $250 in advances. Apps like Albert such as MoneyLion do not run or require credit check to grant approval to your loan requests. However access to your current bank accounts is required. If you need your money right away, you will have to pay an additional service fee that varies depending on the amount of the advance.
3. Dave App
Dave is one of the best cash advance apps like Albert ever to exist. With Dave, you can get a small advance on your next paycheck to cover a bill. You then pay back when you pay with no interest or credit check. Unlike Albert, this app allows you to build your credit. Dave’s partnership with LevelCredit lets you report rent payments to credit bureaus. This service is usually $100 but free for Dave members.
With Dave Banking, you say goodbye to all fees – may it be overdraft fees, ATM fees, or minimum balance fees. Dave’s automatic budgeting features let you monitor your spending while paying your bills. Dave is completely free but charges only $1 per month to access their account monitoring and sending alerts.
4. Brigit App
Brigit is yet another reputable app like Albert, which doesn’t require any form of credit check, and does not charge any late fee or interest charges. Brigit allows you to access up to $250 instantly with their free basic plan that also provides financial monitoring and spending insights. Their Pro Plan costs $9.99 per month but gives you everything in the basic plan, plus instant deposits, flexible repayments, identity theft protection, and credit building.
5. Earnin App
Yet another app similar to Albert is Earnin, which offers early access to your paycheck and already earned wages. Earnin believes you should have access to the money you’ve earned rather than waiting for payday. With Earnin, you can access up to $100 of your earned income daily, with a maximum of $750 per pay period.
In addition to early access to your earned funds, Earnin offers a program called Balance Shield. This program monitors your linked bank account, letting you know when its balance is lower than your threshold. You can also set up automatic cash outs (early access to your earned funds) to increase your balance.
Unlike the Albert app, Earnin works with your employer, so you must provide information about your employer and bank account to receive early access to your earned funds. However, Earning works like the Albert app, in that it also connects directly to your bank account, so the funds go directly to it when you request them.
6. Cleo App
Cleo is one of the best apps like Albert that lets you save, borrow, budget, and build credit. Setting up Cleo is pretty straightforward and only takes two minutes. There is always an AI assistant to help you stay on track. You can make monthly targets according to your expenses.
Budgeting can be overwhelming at times, especially if the app you are using expects you to do everything by yourself. Cleo breaks down everything for you from expenditure updates, advice, buildups, and even roasts.
This app allows you to borrow as low as $20 to $70 for a first-timer, and once you pay it back, you unlock your limit up to $100. Unlike Albert, Cleo has made a card that focuses on helping you increase your credit score. This way, you can buy that house, car, and even pay your rent.
Apps Like Dave And Albert 2023
The best and most popular apps like Dave and Albert that offer customers urgent payday advances before their next paycheck to meet unexpected bill are Brigit App, Chime App, MoneyLion App, Earnin App, Dailypay App and Empower App. These applications support seamless 24/7 online service and do not charge any interest or require any form of credit check.
1. Brigit App
Brigit is one of the most reputable apps like Dave and Albert for little cash advances. The app allows you borrow money and pay back when your next payday. While Dave only gives you a maximum cash advance of $200 if you have a Dave spending account and $100 without one, Brigit offers up to $250
With Brigit Plus, you get a cash advance within 20 minutes whilst the standard accounts get it within 1 to 2 business days. To be able to request up to $250, you need to upgrade to the $9.99 per month plus plan.
2. Earnin App
Yet another app very similar to Dave and Albert in its outlook or operational feature is Earnin. This platform offers early access to your paycheck and already earned wages. Earnin believes you should have access to the money you’ve earned rather than waiting for payday. With the app, you can access up to $100 of your earned income daily, with a maximum of $750 per pay period.
Unlike the Dave and Albert app however, Earnin works with your employer, so you must provide information about your employer and bank account to receive early access to your earned funds. However, Earning works like the Albert app, in that it also connects directly to your bank account, so the funds go directly to it when you request them.
3. MoneyLion App
MoneyLion, a pay advance app available on iOS and Google Play, operates very much like Dave and Albert with its personal finance features. However, MoneyLion also offers additional options for credit building, and they help members locate beneficial financial offers.
Like the Albert app, new users on MoneyLion may have access to up to $25 cash advances; however, if you link an external bank account with direct deposit, you may get up to $500 in cash advances. Compared to Dave which charges a $1 monthly fee to enable it to furnish you with loans, MoneyLion doesn’t require any fees or interest on cash advances. Instead, the company asks that you leave an optional tip whenever you borrow a cash advance.
4. Cleo App
Cleo is one of the best apps like Dave and Albert that lets you save, borrow, budget, and build credit. Setting up Cleo is pretty straightforward and only takes two minutes. There is always an AI assistant to help you stay on track. You can make monthly targets according to your expenses.
Cleo app allows you to borrow as low as $20 to $70 for a first-timer, and once you pay it back, you unlock your limit up to $100. Unlike Albert, Cleo has made a card that focuses on helping you increase your credit score. This way, you can buy that house, car, and even pay your rent. Like Dave and Albert, Cleo is completely interest free.
5. Chime App
Chime, a top-rated app that works similar to Dave and Albert pay advance platforms, though it doesn’t directly provide you with a cash advance like Dave. The platform offers earned wage access to users, allowing employees access to their salaries two days earlier than the scheduled payment date. The maximum amount you can request is $200 but you have to start building your account to qualify. However if you’re in urgent need of a little cash, Chime can lend you up to $100 before your paycheck arrives.
While Dave charges you a monthly subscription fee of $1 to maintain your account and Express fees between $1.99 and $5.99 for quick processing of your cash advance, Chime is completely free to use. It charges zero maintenance fees, transaction fees, minimum balance fees, or hidden fees.
When it comes to budgeting, just like Dave and Albert, Chime does the math and financing for you. The app categorizes and tracks where your money goes. It’s easy to spend below your earnings as Albert like Chime and Dave tracks your spending trends. Thee cash advance apps predict your earnings and recurring bills each month, so you can tell the amount left for spending.
What Functions Does Albert App Offer?
Albert app offers consumers cash advance services of up to $250, two days early. Not only has the company recently added online banking to Albert’s functions, the app offers investing and personal finance advice. It also allows users to build an investment portfolio in which they can choose their own stocks or let Albert do it for them. If you are looking for similar alternative apps like Albert, with these functions and with additional budgetting and finance features, you have come to the right place.
When it comes to budgeting, Albert and other apps like it do the math for you. These special category of apps categorize and track where your money goes. It’s easy to spend below your earnings as Albert and similar apps track your spending trends. They predict your earnings and recurring bills each month, so you can tell the amount left for spending.
Key Product details about Albert Instant
- No Credit Checks: Albert Instant cash advances do not require credit checks, and there’s no need to subscribe to a service or change your direct deposit setup to qualify.
- No Interest or Fees: Enjoy interest-free and fee-free Albert cash advances. You can opt to receive your funds in your linked bank account or set up an Albert Cash account, accessing the money through your Albert debit card.
- Quick Access: Requesting a cash advance is hassle-free via the app, with funds typically arriving in under ten minutes. If you opt for an instant transfer to your linked bank account, a $6.99 fee applies, while standard transfers take 2 to 3 days.
- Flexible Repayment: Albert typically schedules repayment to align with your next paycheck, but you can adjust this date as needed. Keep in mind that failing to repay your Albert cash advance in full will temporarily suspend your borrowing privileges until the advance is settled.
- No Late Fees: Albert does not impose late fees. If your repayment is more than 15 days overdue, your cash advance privileges may be paused for an additional 30 to 90 days after repayment. Additionally, Albert does not involve debt collectors or report unpaid loans to credit bureaus in case of non-repayment.
Is there a fee to use Albert Instant?
No. Albert Instant Cash is available whether or not you subscribe to Genius – Albert’s paid subscription plan that unlocks bonus money-saving features. However, you will need to set up an Albert Account and a 30-day trial of Genius as part of the sign-up process. You can cancel your trial before the 30-day period ends (and avoid being billed) and you’ll still be able to request Albert Instant Cash advances once your trial is over.
Can you overdraft on Albert debit card?
Albert does not provide overdraft protection, ensuring that you cannot overdraft your Albert card for purchases or ATM withdrawals. This safeguard shields you from incurring unnecessary overdraft fees but means your Albert card becomes temporarily unusable when your balance is low, potentially causing inconvenience when making payments or purchases.
However, if you find yourself in need of funds, Albert offers a solution in the form of a no-interest cash advance, allowing you to access up to $250. Albert claims that these funds are typically available on your Albert card within ten minutes, but it’s essential to plan ahead to ensure a smooth experience.
Is Albert app legit?
Yes, the Albert money app stands as a secure and trustworthy app. Both Albert Cash and Albert Savings accounts are safeguarded at FDIC-insured financial institutions, providing an added layer of protection to your finances. These reputable institutions include Sutton Bank, Wells Fargo, Coastal Community Bank, and Axos Bank.
The Albert app goes the extra mile by offering SIPC insurance to cover your investments. While SIPC insurance doesn’t shield against market value fluctuations in your investments, it serves as a vital safety net in case the brokerage firm faces financial difficulties, ensuring your funds remain protected in such scenarios.
Does Albert report to credit bureaus?
Albert doesn’t share any account information with credit bureaus. This means there are no credit checks involved when you apply for an Albert cash advance, making it accessible even if your credit history has seen better days. The added benefit is that you can check your eligibility without affecting your credit score. On the flip side, while late repayments won’t be reported to credit bureaus, the positive aspect is that on-time payments, which could potentially boost your credit score, also won’t be reported. If you’re actively seeking ways to enhance your credit, you might want to explore credit builder loans for cost-effective products designed to expedite your credit-building journey.
Is the Albert app safe to use?
Yes the Albert app is very safe, Albert places a strong emphasis on security, employing state-of-the-art security protocols to safeguard its extensive user base and maintain strict confidentiality. Your funds in Albert Cash and Albert Savings accounts are insured by the FDIC through their partner banks, providing an extra layer of protection.
Who is the Albert app not ideal for?
The Albert money app may not be the best choice for those seeking investment options beyond stocks and ETFs. It does not provide support for retirement plans. If these aspects are essential for your financial goals, you may want to explore other financial apps that cater to these specific needs.
It’s important to note that all-in-one financial apps like Albert typically offer a variety of services, but they may not excel in any one area. For instance, if your primary focus is budgeting, you might find dedicated budgeting apps more effective. However, if you appreciate Albert’s other features, you can still utilize it as a valuable budgeting assistant within your financial toolkit.
Pros and cons of the Albert app
Here are some pros and cons to consider before transacting the Albert app:
Pros
- Free Basic Functions: Albert offers a free download with no cost for basic functions. Users can gain insights into their checking account, debit card activity, upcoming bills, savings progress, and recent expenses.
- Income Advance Opportunities: Albert provides cash advances of up to $250 for users with an Albert Cash account and direct deposit. Eligibility is determined through Albert’s algorithm.
- Genius Subscription: Subscribing to Genius unlocks various money-saving features, including access to a team of financial experts who can provide personalized advice and answer financial questions.
- Identifies Savings Opportunities: The Albert app not only offers budgeting and saving tools but also helps users identify potential areas for savings, such as unused subscriptions.
- Insurance Guidance: Albert collaborates with a network of insurance companies, assisting users in finding suitable insurance options and offering free insurance quotes for price comparisons.
Cons
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- Limited Asset Diversity: Albert’s investment options are primarily focused on stocks and ETFs, which may not meet the needs of investors looking for a wider range of asset classes or alternative investments.
- No Retirement Plans: Albert does not offer support for retirement plans, which could be a drawback for users seeking a comprehensive financial app that includes retirement savings and planning features.
- No Phone Support: The absence of phone support may be a drawback for users who prefer direct communication with customer service representatives or financial advisors.
- Incomplete Budgeting Tools: While Albert offers budgeting tools, some users may find that more specialized budgeting apps provide a more comprehensive suite of features for managing their finances.
- Limited Investment Education: Albert’s resources for investment education and guidance are relatively basic, which may not be sufficient for users seeking in-depth financial education and insights.
Do I have to set up a direct deposit with Albert?
No. You don’t have to set up or switch your direct deposit to an Albert Cash account but Albert does incentivize you to make the switch with the ability to access your paycheck early and access your cash advance in as little as 10 minutes. If you choose not to set up a direct deposit you’ll need to pay a $6.99 express fee to access your money immediately, or you can wait 2-3 days and avoid paying a fee.
How do I change my Albert repayment date?
Albert money app takes a unique approach to repayment. Instead of setting a fixed repayment date, Albert automatically deducts your advance from your Albert Cash Account as you receive funds, whether through direct deposit or external bank transfers. Should your advance remain unpaid for more than 10 days, your borrowing privileges might be temporarily suspended for up to 90 days, and your cash advance limit could decrease. However, it’s important to note that Albert does not impose late fees or interest, refrain from reporting late payments to credit bureaus, and does not engage with debt collectors.
Albert App Review
Albert application and many alternative apps like offer legitimate and timely lifelines in terms of cash advances without charging overdraft, interest or loan fees, and you can get up to three cash advances per pay period; however, the total cannot exceed $250. And most of them have budget tools to help you track your finances and stay on track. Albert app however has some few limitations such as mixed customer reviews, no customer service phone number, (customer service can only be reached via email and text), some fees are not listed on site and investment options don’t include retirement plans. For these reasons, other alternative apps like Albert are becoming more popular.
Feedback From Albert App Reviews
Albert is a financial services app. It’s not a bank, but it offers banking services through FDIC-insured Sutton Bank. The aim is to help Americans reach financial stability. Albert has no monthly or overdraft fees. Along with banking, the app has savings, budgeting and investing services. For financial guidance, Albert offers Genius, a team of financial experts. Users can get an interest-free advance, cash-back rewards and early paycheck access.
Albert app reviews from users and customers indicate that the application do not charge monthly service fees, do not require mobile check deposit, provides cash-back rewards and reputable and fast cash advance loan options. However the app do not have mobile check deposit and do not provide customer service direct support such as phone numbers or chat, it is an App-only accessibility application.
Conclusion
Dave and Albert are reputable and very popular cash advance apps, that offer small pay advances to get you through your next paycheck. With both Dave and Albert, you can access up to $250 in cash advances. Many of the alternative cash advance apps that work like Albert and Dave do not only offer great early wage access and cash advances, but they equally track your finances and have robust features to help you stay on track.
The Albert money app itself in addition offers a versatile and user-friendly solution for various financial needs, including savings, budget management, personalized investment portfolios, and access to insurance options. It stands out with features like early paycheck access, fee-free cash advances, and the convenience of a comprehensive financial overview. While it provides essential financial services and ensures user security, it may not suit those seeking diverse investment options or retirement planning.
