Apps Like Even – Even is an online lending company that provides a variety of services such as personal loans and business financing to help people live above their wants. The app also offers a variety of other financial services to its users, such as daily cost management, savings, and investing.
With Even, you can connect your bank account in a few simple steps, and Even takes security seriously, using 256-bit encryption to keep your information safe from hackers. Even gives cash advances with few easy steps but they are other instant cash apps like even and earnin that you may love below.
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Are There Apps Like Even?
Even has proven its reliability over and over again but it is not the only app in this field. Dave, Earnin, Empower, and PayActiv among others are apps that are like Even that allow you to acquire secured personal loans, student loans, and instant cash advances without having to worry about your credit score.
What Apps Are Like Even?
- Albert App
Empower is a personal finance app that helps you take control of your money. When you tell empower how much you want to save each week, they automatically set it aside when they notice an excessive amount of cash available.
For quick cash, Empower offers cash advances of up to $250, with same-day delivery if you have an Empower checking account. The app monitors your spending and determines when to move small amounts of money over to ensure you meet that weekly goal.
You can fund your empower account via; Direct Deposit, Bank Transfer, Mobile payment service apps, and Cash and Check Deposits. On the other hand, Empower charges an auto-recurring monthly subscription fee of $8 after the 14-day free trial concludes for first-time customers, which can be canceled at any time.
- Get up to $250 at a go.
- same day money delivery.
- Various funding processes.
- automatically set aside for you when they detect you’ve got excess cash.
- Re-curring monthly fee charge of $8.
- Only 3 ATM reimbursements per month.
- Low APY (0.05%), especially for a digital-only app.
2. Albert App
Albert is an all-in-one financial app like Even that works with chime bank. This app assists you in saving money, consolidating all of your accounts into one location for a 360-degree picture of your financial life, lowering your costs, providing financial assistance, developing a tailored financial plan, and even guiding you in investing your money.
Albert can assist you with a fast cash advance of up to $100 directly from your bank account, with no interest or late penalties, and the transfer will be executed within 2-3 business days. Albert savings are maintained in FDIC-insured institutions, providing a sense of security.
- No hidden interest or monthly service fees.
- Works with chime bank.
- Repayment is handled automatically.
- Low APY as compared to other loan apps like Even.
- $4 monthly fee for the optional Genius subscription.
- No joint accounts.
When it has to do with getting cash advances, Payactiv is Undoubtedly one of the best instant cash apps like Even. PayActiv is a financial services company that partners with companies to provide employees with financial services by providing staff an “advance” on wages for which they’ve already worked, but for which they have not yet been paid.
The money alternative does not give out loans rather it gives employees an advance on their own earned wages for a “per transaction fee” of $5.00. Once you enroll and log in to your PayActiv account, you will see the hours you have already worked and the amount of your earned wages that are accessible.
To get an advance, You can select the amount you need and transfer it to your bank, load it on a prepaid card, get it as cash, or pay bills with it—all with a few clicks. Transfers to the Payactiv Card are instant 24/7/365. Transfers to bank accounts and other debit/prepaid cards are completed within 48hrs.
- Allows immediate access to earned wages prior to payday.
- no setup or recurring fees to employers.
- Offers multiple financial services.
- Charges a low fee for Earned Wages Access.
- Users can access up to 50% of wages.
- You are restricted if your company is not enrolled with Payactiv.
- Potential program fees of up to $5 per pay period.
- Payactiv card is required for instant funding.
DailyPay is that loan app like Even you can trust if you are in for an instant cash advance to help you solve urgent financial needs without having to pay hefty overdraft fees or higher interest fees. With DailyPay, you can get an advance on your earnings before your next payday and save over $1,205 in overdraft fees, loan interest, and late fees.
DailyPay charges a $1.99 transfer fee per day after the money is earned, and your transfer arrives instantly no matter what day or time it is. However, if you request a transfer before 5:30 p.m. ET, you will receive your money on the next business day.
If you did not make any transfers, you will receive your entire paycheck on your normal payday. For sending leftover pay, DailyPay will never charge a transaction fee.
- You can get your paycheck daily, no need to wait.
- Can be used to set up different kinds of automatic transfers.
- you can access about 50% of your paycheck as you earn it/before your actual payday.
- No transaction fee is charged for sending of remainder pay.
- Charges $2.99 for instant transfer.
FloatMe is a cash advance Even alternative that allows users to borrow up to $50 between paychecks. There are no credit checks or interest charges, and you can have the money you need in as little as a few minutes. However, in order to use the FloatMe app, you must pay a subscription fee.
The instant loan app functions as an employer-sponsored program that allows employees to withdraw a portion of their earned income prior to payday. Once signed up, you pay a membership fee of $1.99 per month, but you can unsubscribe at any time if you no longer want FloatMe’s services.
The sign-up procedure is straightforward, and they partner with Bank of America, Wells Fargo, Chase, Navy Federal Credit Union, and over 9,600+ banking institutions to make the process as smooth as possible. Additionally, FloatMe uses standard 256-bit encryption to keep your data private, which makes the app very secure.
- Helps out in emergency situations.
- Low monthly subscription fee and no interest fee.
- Funds are credited within minutes.
- Maximum cash advance of $50.
- Paycheck direct deposit required.
- Do not build a credit score.
With over 10 million members and counting. The Dave app is a banking app like Even with a single goal: to provide a financial opportunity that will help its users’ collective potential. Dave, an innovative, resourceful, helpful, and decent banking app gives its customers a paycheck advance to cover little bills such as gas, groceries, or other small expenses.
On the other hand, there is a “spending account” that doesn’t impose overdraft or low-balance fees while also allowing customers to keep track of their monthly cash flow and avoid overdraft fees. The good thing about the dave app is that you can get paid up to two days early, build your credit in the process and Instead of interest, Dave charges a monthly subscription fee, Helping the average user save more.
The Dave app only works with their partner bank, Evolve Bank & Trust, because this bank offers Federal Deposit Insurance Corp (FDIC) insurance. Money deposit on the Dave app is instant. Only delayed if there is a holiday, However, Funds transferred through your debit card will generally appear in your Dave Spending Account immediately or at most within an hour.
- Charges a Membership fee as low as $1.
- Do not charge an interest fee, but you can do an optional tip.
- It gives you access to budgeting tools and connects you to side job options.
- Notifies you if your bank account appears to be in danger of getting overdrawn.
- Repayments are deducted automatically from your bank account.
- $100 maximum cash advance limit which is low.
Earnin is a financial money advance app similar to Even that allows you to use your next salary as collateral to get money advance which is credited to your bank on the same day. Earnin works by automatically deducting the amount you borrow from your checking account on your next payday.
The company’s business model is based on users paying voluntary “tips” to withdraw earned wages ahead of time. To use Earnin, you’ll need a steady payday, a checking account, and a smartphone, Plus it is available for salaried, hourly, or on-demand employees.
- Doesn’t include any membership fees.
- Instant money lending.
- supports tipping instead of fees
- Up to $500 borrowed per pay period.
- Does not affect credit scores.
- Your income determines what you can lend.
- The withdrawal limit is low.
- Freelancers, and remote workers, can not use the app.
Zirtue is a peer-to-peer lending cash app like Even that allows friends and family to connect and lend money to those at the needing end with very little or no cost.
Several banks have already partnered with the platform to provide vetted lending and borrowing services via the app. They hope that their app will become the new way for friends and family members to lend money to one another.
It works by utilizing blockchain technology to create a decentralized application (DApp) that employs smart contracts and smart rewards to ensure timely loan repayment. The platform also provides insurance on all loans taken out.
- Automatic recurring payments
- Peer-to-peer lend and borrow
- Doesn’t charge anything to the lenders
- You can cancel the loan request if not accepted
- Charges monthly fees for Borrowers
Amongst other apps like Even Funds is LenMe. It is an app that allows borrowers to borrow money without incurring the high costs associated with maintaining staff, managing loans, teaming up, and verifying and qualifying borrowers. They provide a one-of-a-kind platform for lenders to lend money while using their capital as collateral.
Lenders can earn returns on their investments while offering to finance creditworthy individuals. They can also use their profits to pay back investors who put money into the platform’s lending fund.
- No hidden charges
- Borrowers can request loans for a less interest rate
- Larger loan limit
- Low origination fee
- Borrow as little as $50
- Limited information about security and cost
- An origination fee of 1% of the loan amount
The last on our list of apps like Even for lending is Prosper. The app provides personal loans at competitive interest rates while removing the hassle of dealing with banks and the paperwork typically associated with this process.
Since its inception in 2006, the company has grown to over a million members and has issued billions of dollars in loans. Unlike the traditional banking system, where banks make the majority of the profits, Prosper earns its entire income from the interest charged on its loans.
All borrowers with an active checking account can apply for a loan through Prosper’s website or mobile app, as well as access free online financial tools such as an automated savings account and calculator.
It provides a platform for people with bad credit to borrow money from other people or businesses. The prices vary depending on the borrowers’ credit score and the loan amount, allowing borrowers to have lower fees and better loans.
Prosper offers loans up to $40,000, but their average loan amount is around $3,000. This allows people to borrow more money without having a higher interest rate attached to it.
- No early repayment penalty
- You can get funds as soon as three days
- Users can invest for as low as $25
- Maximum potential returns
- A charges origination fee of 2.5 to 5%
- APR rates are quite high (7%-35%)
Conclusion on Apps Like Even
There are many money lending apps similar to Even available online today, but knowing and selecting the right one can be difficult. That is why I have compiled this list to assist you in making the right decision and borrowing money without stress from the comfort of your device.
The instant money apps mentioned in this post, such as Even, are all available on the iOS App Store or the Google Play Store. Before you begin using any of the apps for a loan or cash advance, make sure to consider all of your options, thoroughly compare their features, and, most importantly, select the one that works best for you and your needs.