In this article, I will be reviewing the best 10 cash advance apps that don’t use Plaid. Plaid offers a service whereby you can opt to share your account details to gain access to specific services or products, such as Venmo, Chime, Acorns, or Truebill. This shared information may encompass elements like your account number, transaction history, and contact particulars.
Essentially, Plaid serves as an intermediary, connecting your financial accounts to eligible apps and services that you select. According to Plaid’s perspective, involving a third party in these connections is a logical choice due to the intricate nature of the task.
The U.S. has over 11,000 financial institutions, each with its own unique data structure and management approach. For an app aiming to enable users to link their financial accounts, creating a digital bridge to a single financial institution demands extensive engineering effort and expertise. Now extrapolate that process to thousands of instances. For many businesses, this endeavor is not practically achievable.
Best Cash Advance Apps That Don’t Use Plaid
The best cash advance apps that don’t use Plaid are B9 Advance, CashMaster, Linecash, Dailypay, Dave, Even, MoneyLion and Cash app. These lending apps are entire online 24/7, very fast and requires no credit check.
1. B9 Advance
B9 Advance operates as a membership-based cash advance app that grants you instant access to up to 100% of your paycheck once your account is established. Membership fees vary from $9.99 to $19.99, contingent upon your chosen membership tier. The basic account at $9.99 permits you to instantly withdraw up to $300 during each pay cycle.
To utilize B9, a prerequisite is having a checking account configured for direct deposits from your employer. According to B9’s privacy policy, users can link to the B9 cash advance app via Argyle Systems, an alternative to Plaid, provided their employer employs Argyle to oversee employee data. Alternatively, Plaid can be used to establish connection and receive your advance payment.
Moreover, qualifying for the service necessitates having received at least $300 via direct deposit within the last two weeks prior to availing a cash advance through the app. It’s our first pick on our top 10 cash advance apps that don’t use Plaid.
2. CashMaster
CashMaster provides a range of options, encompassing title loans, loans secured by your vehicle, and cash advances or payday loans ranging from $50 to $500. If you’re not inclined to use the app, you have the alternative of obtaining a check advance in person at a CashMaster branch in Tennessee or Alabama. It’s our second pick on our top 10 cash advance apps that don’t use Plaid.
Alternatively, you have the option to access the CashMaster app. To do so, you’ll be required to furnish a photo ID, present bank statement, evidence of income, and verification of your social security details.
3. Linecash App
Linecash app which is provided as a downloadable application on Android and Apple devices, enables users to tap into a range of funds, from $20 to $1,000, contingent on their selected service package. Presently, a subscription fee of only $1.97 per month unlocks access to up to $100, directly deposited into your account without any additional charges. You can opt for immediate delivery to a Line debit card for $4.
Opting for the $9.97 plan grants access to potential funds of up to $500, with the possibility of gradual increments up to $1,000 through consistent, punctual payments. It’s another vital pick on our list of cash advance apps that don’t use Plaid.
4. DailyPay App
DailyPay serves as a cash advance application offered by various employers, such as Kroger, McDonald’s, Lid, T-Mobile, Dollar Tree, and Six Flags. Upon configuring your account, you gain the ability to access your earnings beforehand and promptly have them transmitted to your bank account, debit card, or pre-paid card, either instantly for a nominal fee or by the following day. Moreover, you can introduce friends and colleagues to DailyPay, earning an extra $5 when they register and utilize the app for pay access. It’s our fourth pick on our top 10 cash advance apps that don’t use Plaid.
The app also incorporates tools like AutoSAVE, DirectSAVE, and RoundupSAVE, facilitating better financial management and enabling the creation of an emergency savings fund to lessen dependence on cash advances. AutoSAVE enables the automatic saving of a predetermined amount from each paycheck, while DirectSAVE allows you to specify the desired saving amount with every payment.
5. Dave App
With the Dave ExtraCash account, you can access a maximum of $500, which you must repay on your next payday or, in cases where Dave can’t determine your next payday, on the closest Friday following the advance. The funds will be available in 1 to 3 business days without any charges. Alternatively, you can opt to pay a fee ranging from 99 cents to $6.99 for instant deposit into your Dave Spending account. For a fee ranging from $2.99 to $11.99, you can transfer the funds to an external bank account. It’s our fifth pick on our top 10 cash advance apps that don’t use Plaid.
Dave’s privacy policy states that it employs Galileo for data transfer between the platform and your financial institution, distinguishing Dave as one of the cash advance apps that may not necessarily utilize Plaid.
6. Cash App
Cash App Borrow is an embedded lending service within the Cash App platform, offering the opportunity for eligible users to borrow up to $200 per instance. However, it’s important to note that this feature is currently in its pilot phase and may not be accessible to all users. Unlike cash advance apps that provide interest-free advances, Cash App Borrow functions as a lending feature, entailing a 5% fee. It’s our sixth pick on our top 10 cash advance apps that don’t use plaid.
Eligibility for Cash App Borrow is contingent upon your location and usage patterns within the app. Some users have reported gaining access to Borrow after making cash uploads and conducting transactions. This implies that even if you don’t receive direct deposits, you might still be able to utilize Borrow. Additionally, connecting Cash App to your bank account for fund uploads does not necessarily require the use of Plaid.
7. MoneyLion App
MoneyLion’s Instacash feature provides advances of up to $500 to bridge the gap between pay periods. This ceiling can potentially extend beyond $500 by participating in MoneyLion’s credit builder program or by arranging direct deposits to a RoarMoney banking account. It’s worth noting that MoneyLion does not mandate the use of Plaid; you retain the flexibility to connect your RoarMoney account with other applications as you prefer. It’s our seventh pick on our top 10 cash advance apps that don’t use Plaid.
However, it’s important to be mindful of MoneyLion’s instant transfer fees, which can accumulate rapidly, especially for those requiring sums exceeding $100 per transaction. Consequently, MoneyLion Instacash is ideally suited for individuals who can tolerate a two to three-day wait for a standard transfer or for those seeking smaller instant transfers to minimize associated fees.
8. Even App
Even is a cash advance app that introduces its Instapay feature, enabling free access to earned wages in advance. This valuable feature is part of Even’s premium service, Even Plus, which entails a monthly fee of $6. A unique aspect of Even is that you are not required to link your bank account or employ Plaid to access these advances.
Setting itself apart from other cash advance apps, Even permits you to tap into a substantial 50% of your earned income prior to payday. Furthermore, its array of savings and budgeting tools empowers you to effectively manage your finances. However, it’s important to note that utilizing Even Instapay is contingent upon your employer’s partnership with the Even platform. Our eight pick on our top 10 cash advance apps that don’t use plaid.
9. MoneyKey App
MoneyKey is a cash advance app that offers a flexible loan term ranging from 5 to 36 months, allowing borrowers to choose a repayment plan that suits their financial situation. With loan amounts ranging from $200 to $2600, it caters to a variety of funding needs. One notable feature is its rapid processing time, as funds can be received as soon as the next business day. It’s our ninth pick on our top 10 cash advance apps that don’t use plaid.
It’s important to consider that while MoneyKey provides convenient access to funds, the Annual Percentage Rate (APR) can be as high as 566%. This means that borrowers should carefully assess their ability to repay the loan within the specified time frame to avoid incurring significant interest charges.
An interesting aspect of MoneyKey is its approach to financial data linkage. Unlike some other cash advance apps, MoneyKey does not rely on Plaid for connecting to your bank account. This distinct feature may offer a sense of security and privacy for individuals who prefer not to use Plaid or third-party services to link their financial information.
10. North Cash App
North Cash is a cash advance app that offers a convenient solution for short-term financial needs. With loan terms ranging from 3 to 18 months, it provides flexibility in repayment. Depending on your specific requirements, you can borrow amounts ranging from $300 to $1500. However, it’s important to note that North Cash does have a higher APR, which can go up to 795%, so careful consideration is advised before borrowing.
One noteworthy aspect of North Cash is that it stands out from some other cash advance apps by not utilizing Plaid for its processes. While many apps rely on Plaid for connecting to bank accounts and managing transactions, North Cash takes an alternative approach. It’s our last pick on our top 10 cash advance apps that don’t use Plaid.
What Is Plaid?
Plaid is a financial technology company that provides a platform and infrastructure for connecting various financial apps and services with users’ bank accounts. It serves as a bridge between financial institutions and third-party apps, enabling secure and seamless data sharing. Plaid’s technology allows users to link their bank accounts with apps for purposes such as making payments, transferring funds, budgeting, and accessing financial data.
Through Plaid, users can grant permission to third-party apps to access their financial information, such as account balances, transactions, and other relevant data. This data exchange is done in a secure and standardized manner, helping to streamline financial activities and enhance the user experience.
What Are Cash Advance Apps?
Cash advance apps are financial tools that provide users with the ability to access a portion of their earned wages or obtain short-term loans before their next payday. These apps offer a convenient way to bridge financial gaps, cover unexpected expenses, or manage cash flow challenges. Cash advance apps typically operate through mobile platforms and offer features such as instant fund transfers, low or no fees, and quick access to funds.
Users can request an advance or loan through the app, and the approved amount is usually deposited directly into their bank account or onto a designated prepaid card. Some cash advance apps also offer additional features like budgeting tools, savings options, and financial management resources.
Cash Advance Apps That Don’t Use Plaid Reddit
Cash advance apps that don’t use Plaid has recently sparked discussions on Reddit, generating insightful conversations within the online community. Redditors have been sharing their experiences, opinions, and recommendations regarding these alternative cash advance solutions.
Members of the Reddit community have highlighted various aspects of cash advance apps that operate independently of Plaid. Some users have expressed their preferences for apps like B9 Advance, CashMaster, Line, and DailyPay, citing their unique features and benefits. Others have engaged in conversations about the convenience of accessing funds in advance and the flexibility offered by these apps.
Additionally, Redditors have engaged in constructive debates about the pros and cons of Plaid and the significance of data privacy when using financial apps. Some users have raised concerns about sharing sensitive financial information and have shown interest in exploring options that do not rely on Plaid for data connection.
Conclusion
To sum it up, we’ve explored cash advance apps that don’t use Plaid, which can help you get money before your next paycheck. We’ve looked at different apps and what Reddit users think about them. This info can guide you in picking the right app for you while keeping your financial data safe. It’s like finding the best tool to manage your money easily.
