Top 14 Apps Similar to FloatMe
In today’s unpredictable financial landscape, unexpected expenses can arise at any time. Whether it’s a sudden medical bill, car repair, or an emergency expense, many people find themselves in need of quick cash solutions.
FloatMe has gained popularity as a reliable app offering small cash advances and budgeting tools, but it’s not the only option available.
In this blog, we’ll explore the 14 best apps like FloatMe that can provide the financial support you need when you need it most.
In a world where financial stability is paramount, apps like FloatMe have become increasingly popular for their ability to provide timely assistance and financial management tools.
However, numerous alternatives exist in financial management applications, each offering unique features and benefits.
Why Seek Alternatives to FloatMe?
While FloatMe offers various benefits, users often seek alternatives for several reasons:
- Higher Cash Advance Limits: Some users may need more substantial cash advances than what FloatMe provides.
- Lower Fees: Alternatives may have different fee structures, providing users with more affordable options.
- Broader Financial Tools: Many users desire comprehensive financial management tools that include budgeting, savings, and credit monitoring.
- Different Terms: Some users might prefer apps that offer varying repayment terms or have different eligibility requirements.
Apps like FloatMe – Top 14 Best Alternatives To FloatMe
Exploring finance apps like FloatMe reveals various features that transform mobile-based financial management strategies.
| Apps | Max Advance | Pros | Cons | Sending Limits | Data Security |
|---|---|---|---|---|---|
| Beem | $1,000 | Credit monitoring, budget planning, instant cash | No cons. Just complete your KYC, check qualification, subscribe & withdraw cash in minutes. | $1-$1000 | Emphasizes high-level data security |
| MoneyLion | $500 | Banking, investing, credit building loans, Instacash | Requires linked bank accounts, $19.99 monthly fee | $1,500 daily, $2,500 weekly, $3,500 monthly | Secure transactions, privacy policy review recommended |
| Brigit | $250 | Flexible repayment, credit building, free extension | Standard delivery 1-3 days, varying loan limits, high subscription fees | Up to $250 instant, 20-minute delivery for a fee | Secure data measures, credit building |
| Earnin | $750/pay cycle | No fees, interest, or extra debit card needed | Requires work timesheet verification, not ideal for freelancers | Up to $100 daily, max $750 per pay period | Secure data, uses bank accounts without fees |
| Albert | $250 | Free debit card, no credit check, zero interest | Extended delivery, limited banking features | Up to $250, faster access for a fee | User data security and privacy |
| Dave | $500 | No late payment penalties | Requires income/spending data review, concerns about changing advance limits | $25-$500 flexible processing | Data security through income/spending review |
| Empower | $250 | Fast loans, no subscription for cash advances | $8 monthly subscription fee | Swift processing within a day | Secure data, cashback debit card |
| Varo | $250 | Early wage access, no monthly fees | Cash advance fees vary, requires minimum direct deposit | Up to $250, potentially $500 for qualified users, fees vary by advance size | Transparent fees, data security |
| Chime | $200 | No monthly fees, no credit checks | Requires Chime debit card, $200 deposit | Unlimited Pay Anyone transactions, transfer limits vary | Data security, immediate overdraft detection |
| Klover | $100 | No mandatory charges, prevents overdrafts, bonus points, credit monitoring | 3-day wait, no flexible repayment, high fees for quick funding | Up to $250 daily, $5,000 monthly ACH transfers | Varied security measures, data retention aligns with legal requirements |
| Cleo | $70 | User-friendly interface, AI assistant, no credit checks | Limited advance amounts, not FDIC-insured | Specific details not available | Data security with encryption and agreements |
| ONE@Work (formerly Even) | Up to half your earnings | Quick access within a day, cash pickup at Walmart | Requires employer partnership, employer sets cash advance frequency | Specific details not available | Encryption and data protection |
| Possible Finance | $500 | Same-day processing with Visa card, no credit check, no fees | High APRs, restricted availability | Up to $500 instant, pay in installments, credit building | Data security measures in place, user responsibility emphasized |
| Branch | No limit | No fees for advances (except instant money), no membership charges | Requires supported bank debit card, inaccessible for remote employees | No limit | Encryption and data protection |
1. Beem
Beem is one of the best alternatives to FloatMe, providing instant cash advances of up to $1,000 with no fees or interest. Additional tools like budgeting and identity theft protection make it an all-in-one financial solution.
Beem, a versatile app, offers credit monitoring and budget planning. Its Everdraft™ feature provides instant cash advances of $5 to $1,000 during emergencies.
Sending limits
Transact $1-$1000, except instant debit card withdrawal (min $5). Limits: $100 (unsubscribed) or $150 (subscribed).
Data security
Beem emphasizes safeguarding user privacy, ensuring data security comparable to financial institutions, and protecting deposits via trusted partner measures.
2. MoneyLion
MoneyLion combines cash advances with credit building and investment tools, making it a well-rounded app.
MoneyLion, a comprehensive mobile app, integrates banking, investing, and credit-building loans and provides up to $500 cash advances. Eligible users access rapid Instacash.
Pros
- Instacash provides quick access to $500.
- Various financial services are offered.
- No credit verification is required.
Cons
- Requires linked bank accounts.
- Monthly fee: $19.99.
Sending limits
Transfer limits: $1,500 daily, $2,500 weekly, and $3,500 monthly to meet specified constraints.
Data security
MoneyLion emphasizes secure transactions and recommends users review privacy policies, fees, and prerequisites before subscribing to services.
3. Brigit
Brigit’s same-day cash advances and credit monitoring features are perfect for those looking to improve financial health.
Brigit offers a credit of up to $250 without conducting credit checks, providing flexible repayment choices and a credit-building attribute.
Pros
- Flexible repayment timetable.
- Free extension for repayments.
- Credit-building feature.
Cons
- Standard delivery: 1-3 days.
- Users observed varying loan limits.
- Substantial subscription fees.
Sending limits
Brigit provides instant borrowing of up to $250 with a 20-minute delivery for a fee.
Data security
Brigit emphasizes safeguarding user privacy and financial well-being through secure data measures, providing flexible repayment options, and a credit-building aspect.
4. EarnIn
Earnin lets users access a portion of their earned wages before payday without interest. The app uses a tipping model to sustain its services.
Earnin permits withdrawals up to $750 per pay cycle, emphasizing flexibility without fees, interest, or needing an extra debit card.
Pros
- Withdrawals up to $750 per pay cycle.
- No credit checks or interest charges.
Cons
- Requires verification of work timesheets.
- Designed for regular pay cycles, limiting use for freelancers.
Sending limits
Up to $100 daily [maximum of $750 per pay period]
Data security
Earnin emphasizes data security, uses bank accounts without fees, and aims to foster trust during financial challenges with its cash-out features.
5. Albert
Albert is a smart financial assistant offering instant advances and tailored savings advice. They offers fee-free cash advances up to $250, processed in 2-3 days, emphasizing security and financial inclusivity.
Pros
- Optional debit card provision.
- No credit check is required.
- Zero interest charges.
Cons
- Extended regular delivery duration.
- Restricted access to specific banking amenities.
Sending limits
Albert offers cash advances up to $250, accessible in 2-3 days, with quicker access available for an extra fee.
Data security
Albert focuses on user data security and privacy during financial transactions while providing cash advances and flexibility.
6. Dave
Dave allows advances between $25 to $500, with a low $1 subscription fee, suitable for minor emergencies, but requires access to income and spending details. Dave provides small, low-interest advances alongside spending alerts to help users avoid overdrafts.
Pros
- Up to $500 maximum advance limit.
- No late payment penalties.
Cons
- Necessitates reviewing income and spending data.
- Users are concerned about changes in maximum advance amounts.
Sending limits
Dave provides flexible processing options for advances ranging from $25 to $500, accommodating varying needs.
Data security
Dave emphasizes data security by accessing income and spending details to ensure user confidentiality through protective measures.
7. Empower
Empower offers fast loans up to $250, processed within a day, featuring cashback perks on its debit card for an $8 subscription fee.
Pros
- Loans are processed in a day.
- Cash advances don’t require subscriptions.
Cons
- Subscription cost: $8 for banking services.
Sending limits
Empower offers swift processing for loans up to $250, accessible within a minute to one business day, ensuring speedy fund access.
Data security
Empower emphasizes swift loan processing, safeguarding user data, and offers a cashback debit card, ensuring secure financial transactions.
8. Varo
Varo provides Cash Advances, Early Wage Access, and transparent account services, free from monthly fees or undisclosed charges for account holders.
Pros
- Provides cash advances up to $250.
- Early wage access, receiving paychecks two days in advance.
- No monthly fees or concealed charges for Varo account services.
Cons
- Fees for cash advances vary from $1.60 to $40 based on the advance size.
- Eligibility demands a minimum of $800 in recent month’s direct deposits.
Sending limits
Varo permits cash advances up to $250, potentially increasing to $500 for qualified long-standing customers, with fees that differ according to the advance size.
Data security
Varo guarantees transparent fees and prioritizes user data security for its account holders, ensuring no hidden charges and safeguarding user information.
Also Read: Apps like Empower
9. Chime
Chime identifies overdrafts up to $200 without fees, addressing users’ financial requirements without credit checks, although certain conditions restrict access.
Pros
- No monthly fees are required.
- No credit checks are necessary.
Cons
Necessitates having a Chime debit card.
Requires a $200 deposit for eligibility.
Sending limits
The number of transactions for Pay Anyone is unlimited, although transfer limits differ based on specific criteria.
Data security
Chime emphasizes data security and provides immediate overdraft detection for ease of access.
10. Klover
Klover offers up to $100 cash advances, supplemented by bonus points for activities, credit monitoring, and savings goal assistance.
Pros
- No compulsory charges.
- Prevents overdrawing of users’ accounts
Cons
- Three-day wait for advances to reach accounts.
- No flexibility to extend repayment deadlines.
- Elevated fees for quick funding.
Sending limits
A maximum of $250 daily or $5,000 monthly for ACH transfers from linked checking accounts.
Data security
Klover employs varied security measures for Personal Information; data retention aligns with legal obligations and service provisions.
11. Cleo
Cleo offers new borrowers up to $70 without fees, and they can opt-in for advances at $5.99/month, featuring no credit checks.
Pros
- User-friendly interface.
- AI’s conversational style adds enjoyment.
- No credit verification is required.
Cons
- Limited cash advance amounts.
- Not supported by FDIC-insured banks.
Sending limits
Specific details regarding sending limits are currently not available.
Data security
Cleo ensures data security with encryption and agreements, safeguarding personal information from unauthorized access.
12. ONE@Work (formerly Even)
ONE@Work, previously known as Even, is a financial wellness platform designed to empower employees with smarter money management tools. By collaborating directly with employers, ONE@Work provides an innovative solution for workers to access their earnings, budget effectively, and achieve greater financial stability.
One of the standout features of ONE@Work is its Earned Wage Access (EWA) program, which allows employees to withdraw a portion of their earned wages before payday. This feature eliminates the need for predatory payday loans or high-interest credit, giving workers immediate access to the money they’ve already earned.
The platform also includes budgeting tools that help users track spending, set financial goals, and make informed financial decisions. With automated savings options and clear insights into cash flow, ONE@Work simplifies financial planning.
Employers benefit from offering ONE@Work as part of their benefits package, as it can boost employee satisfaction, reduce financial stress, and increase productivity.
Since rebranding from Even, ONE@Work continues to focus on its mission of transforming the way employees interact with their paychecks. By combining technology with financial education, it equips users with the tools they need to build a brighter financial future, all while promoting workplace well-being.
13. Possible Finance
Possible Finance differs from typical cash advance apps, offering short-term installment loans without direct deposits or fees.
Pros
- Visa card enables same-day processing.
- No credit verification.
- Absence of membership charges.
Cons
- High APRs up to 460%.
- Restricted availability in certain states.
Sending limits
Instantly borrow up to $500, pay in installments, without late fees, aiding credit building.
Data security
Possibly implements measures to safeguard data but cannot guarantee absolute security; emphasizes user responsibility.
14. Branch
The branch serves employees and gig workers, requiring employer or client enrollment and facilitating payments to bank accounts or debit cards.
Pros
No fees for advances unless for instant money.
No charges for membership.
Cons
- You are required to possess a debit card from a supported bank.
- Inaccessible for remote employees.
Sending limits
Restricted maximum advance amounts.
Data security
The branch prioritizes data security with measures against unauthorized access or disclosure of information.
Which FloatMe Alternative Is Right for You?
If you’re searching for alternatives to FloatMe, there’s no shortage of options offering instant cash advances, budgeting tools, and financial solutions tailored to your needs. Choosing the right app depends on factors like your income, spending habits, and financial goals.
Let’s explore some standout FloatMe alternatives to help you decide:
- Beem:
Beem is perfect for those seeking a versatile financial app. With its Everdraft™ feature, you can get instant cash without credit checks or interest. Beem also offers budgeting tools, tax filing assistance, and credit monitoring, making it an all-in-one solution. - Dave:
Dave is an excellent choice if you want small, interest-free cash advances. It also includes budgeting tools and alerts to prevent overdraft fees. - Earnin:
Earnin allows you to access earned wages without fees, provided your paycheck is direct-deposited. It’s ideal for workers with steady incomes. - Albert:
For a broader range of services, Albert combines cash advances with savings options, automatic budgeting, and access to financial advisors. - Brigit:
Brigit offers instant cash advances and proactive overdraft protection, along with credit-building features for long-term financial health.
When selecting the right alternative, compare fees, limits, and added benefits to match your financial needs. Whether you prioritize instant cash or comprehensive money management, there’s a perfect app for you!
Conclusion
In a landscape teeming with financial management apps, the search for an apps like FloatMe narrows down to aligning individual preferences with an app’s unique features, sending limits, data security measures, and overall suitability for your financial requirements.
Explore these alternatives thoroughly to find the perfect match that complements your financial goals and empowers your journey toward financial well-being.
Frequently Asked Questions About Apps Like FloatMe
What is FloatMe?
FloatMe is a financial app that provides small cash advances and budgeting tools to help users manage their finances and avoid overdraft fees.
What are cash advance apps like FloatMe?
Cash advance apps like FloatMe allow you to access a portion of your earned wages before payday, helping to avoid payday loans or overdraft fees. Popular alternatives include Beem, which offers interest-free cash advances with added financial tools, and Dave, which provides budgeting features alongside small advances. These apps are ideal for those needing quick access to funds without high fees or credit checks.
How do these apps work?
Users typically connect their bank accounts to these apps, allowing them to apply for cash advances based on their income. Once approved, the funds are deposited directly into the user’s account, and repayment is usually automatic when the user’s next paycheck arrives.
How much money can I borrow with these apps?
The amount available for cash advances varies by app. For example, FloatMe typically offers advances up to $100, while other apps like Brigit or Beem may provide larger amounts, often up to $250.
What are the best alternatives to FloatMe for cash advances?
The best alternatives to FloatMe for cash advances include Beem, Brigit, Dave, Chime, and Earnin. Each of these apps offers unique features and benefits, such as instant cash access, budgeting tools, and flexible repayment options.
How do cash advance alternatives compare to FloatMe?
Cash advance alternatives may offer higher cash limits, lower fees, or additional financial management tools compared to FloatMe. It’s essential to evaluate each app’s features, terms, and user reviews to determine which best fits your needs.
Are there cash advance apps that don’t require a credit check?
Yes, many alternatives to FloatMe, such as Beem, Brigit, and Dave, do not require a credit check, making them accessible to users with poor or no credit history.
How quickly can I access funds with these alternative apps?
Most alternatives to FloatMe provide quick access to funds, often within minutes to a few hours, depending on the app and your bank’s processing times.
What should I look for when choosing an alternative to FloatMe?
When selecting an alternative app, consider factors like cash advance limits, fee structures, repayment options, additional financial tools, and user reviews to find the best fit for your financial needs.
