7 Best Payday Loans That Accept Chime

Can’t wait for your next payday to get the cash you need? Apply for a cash advance on a payday loan app, or better still, apply for a payday loan on US Installment Loans. We guarantee you only soft credit checks.

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Everyone, in one way or another, has found themselves in need of quick cash to sort out a need or an emergency. It can be quite frustrating knowing that you have some money you’re expecting, but can’t access it just yet, regardless of how much of an emergency you may be in.

Luckily, there are ways to access your cash ahead of time. You can always look to Chime for a cash advance or create an account on it and link to other payday loan apps.

In this article, we will be looking at the best payday loan apps that accept Chime and how they stack up against each other.

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What is Chime? What is Its Advantage?

Chime isn’t your typical bank. It is a mobile banking app with an ongoing partnership with Visa to provide debit cards to its customers. Unlike traditional banks, Chime doesn’t have certificates of deposit, and money market accounts. Chime users only get savings and checking accounts. Of course, you are entitled to a free Chime Visa debit card once you open an account. This debit card can be used on any platform Visa is accepted.

Its checking account subscribers enjoy up to two days' early pay via direct deposit. The app has an automatic saving feature. When this feature is toggled on, a preset percentage of the borrower’s paycheck is automatically transferred into their savings account.

Another feature, Chime’s Round Ups, when set up, rounds each transaction made on the user’s Chime debit card to the nearest dollar, then transfers the difference to their savings account.

Customers who make direct deposits of $500 or more monthly are eligible for up to $100 in overdraft protection per month at no additional cost.

Chime stacks up pretty well against its alternatives with its zero monthly fee policy. There are no minimum balance requirements, minimum deposit needed to open an account, maintenance fees, direct deposit fees or cap on the interest you can earn either.

7 Best Payday Loans That Accept Chime

Dave

Dave, one of the most prominent cash advance apps, is quite compatible with Chime. Its users are eligible for $100 interest-free cash advances, the maximum allowed by the service. On-time payments are reported to the three major credit bureaus. Hence, getting cash advances and repaying on time can be a good way to improve your credit ratings.

It is one of the most used payday loan apps that accept Chime, with a huge customer base of 7 million users and counting. It has a relatively high cash advance limit - $250, $50 higher than Chime’s.

This financial management app tracks your income, analyzes your spending patterns, and helps you design a budget around these.

Its side hustle feature also helps users locate jobs like grocery delivery and babysitting, gigs that can help them earn some good cash on the side.

Pros

  • Relatively high cash advance, up to $250
  • 0% interest
  • Users can receive paycheck via direct deposit up to two days early
  • No credit check is involved
  • The one-year free credit builder program

Cons

  • Few deposit options
  • Overdrafts withdrawals are not allowed
  • Doesn't take wire transactions

Earnin

It’s no mistake that Earnin is on this list. Unlike what’s been circulated in the media, Earnin does work with Chime. However, this is currently limited to a select group of individuals.

Typically, Earnin is designed to learn a user’s pay schedule, automatically calculate their monthly earnings, and then debit their bank account on payday.

However, since many Chime users get their paycheck up to two days before the usual payday, there’s no defined pay schedule, and it's, therefore, difficult for the app to support some users.

You can tell if you are eligible to use Earnin with your Chime account by going to the bank selection list on your Earnin app and picking Chime from the list. The app will send you a notification showing you whether or not your Earnin app can support your Chime account.

If your Earnin supports your Chime account, make sure to toggle on Allow transactions in your Chime settings to be able to fully use it.

Pros

  • Balance shield feature which alerts customers when the account balance falls below a set amount
  • Can provide users with payday loans up to $500
  • No hidden fees or interests
  • Flexible repayment options

Cons

  • Customer support is not readily available
  • They decide how much money you can withdraw

Cleo

In response to the high cost of cash advances and overdraft fees, Cleo offers a salary advance as part of its Cleo Plus app subscription service. Its subscribers are eligible for a zero-interest advance of up to $100. However, Cleo Plus costs $5.99 a month.

Free users of the app also enjoy a few benefits asides from salary advance. This includes a budgeting tool, digital wallet and weekly quiz which is an ample chance for the user to win cash rewards.

It is important to note that any account that is linked to your Cleo Wallet must already be linked to your Cleo account. All future transfers of funds, as well as any manual transfers you make, will use this account.

Pros

  • Has an auto-saving feature
  • Can be used to create a spending budget
  • Its spending categorization makes it easy to see at a glance your monthly recurring expenses
  • It is mobile responsive

Cons

  • It is not exactly scalable
  • Not listed on major cryptocurrency markets

Albert

Chime users who need easy-to-use cash advance payday loan apps should turn to Albert for their instant loan needs. As far as we can tell, linking your Chime account to Albert is pretty easy. All you need to do is go to the overview tab, click the plus sign, and select Chime bank from the list of options that pop up. You could search for it manually too if it doesn’t come up on this list. Then, enter your account information.

You may be eligible for a cash advance of up to $250 with Albert Instant. There are no credit checks, late fees, interest, or other hidden costs involved. If you have a steady income and have paid back any prior loans, you are eligible to receive up to three advances per pay period.

Pros

  • Zero-interest payday loan up to $250
  • Finance tips and advice from live experts
  • 1% reward in savings
  • Advance is free for standard deliveries
  • Up to 20% cash bank on debit card purchases

Cons

  • No joint or IRA brokerage accounts, just individual accounts
  • Can only invest in stocks and exchange-traded fund

Empower

Empower is another cash advance app that supports Chime. However, cash advances aren’t the only things Empower is known for. The financial management tool, like Dave, also tracks your spending and automatically sets up an emergency fund for you with its automatic saving feature.

Its users get a free cash advance of up to $250 while its debit card users can use these cards at selected merchants and qualify for up to 10% cash back rewards.

Pros

  • Relatively high cash advance, up to $250
  • Zero interests
  • No late charges
  • Up to 10% cash back rewards on debit card purchases

Cons

The monthly subscription is a little costly ($8/month)

MoneyLion

MoneyLion, your one-stop shop for cash advances and management tools, is a good cash advance app Chime users can take advantage of. MoneyLion users can enjoy up to $1000 cash advances depending on the size of their deposit and what MoneyLion products they are subscribed to.

The service has a debit card through which most users get their cash advances. To receive it on Chime instead, go to “transfers”, click “add account” and choose Chime from the list of options. MoneyLion works perfectly with the Chime card too. Its standard cash advance limit is $250. However, users on Credit Builder Plus membership or with a RoarMoney account can unlock a $300 limit.

Pros

  • Zero-interest rates
  • It is free to use
  • Provides opportunities for its users to save, earn and invest
  • Has a credit monitoring feature
  • No credit check or late fees

Cons

Account must be at least two to three months old

Varo

Varo, a very similar financial service to Chime, is a very good cash advance resource for borrowers with Chime’s checking and savings accounts. Users with accounts that are active and are at least 30 days old enjoy cash advances up to $100.

You can either withdraw the cash advance using your Varo debit card or withdraw it to your Chime account. Here’s how you can do the latter - Go to accounts on the Varo app, click the link to an account, search for Chime, choose Chime and log into your account using your Chime account details.

Pros

  • Advances of up to $100
  • No monthly maintenance fees
  • No overdraft fees
  • No transfer fees

Cons

  • $5 charge for each $100 in CA
  • Account must be older than 30 days old

Another Way to Get Some Extra Money Before My Next Payday

Are cash advances from payday loan apps inaccessible to you because of bad credit? Is the loan amount too small for your needs? If so, you can request a loan from an online lender. A loan broker like US Installment Loans can connect you to the best deals. Here’s how to connect with one:

Fill out the short, simple form, and submit it. Soon after, you will be connected to a willing lender who will run affordability and soft credit checks on your profile, and then make a funding decision in under five minutes. If approved, you will be sent a quote. Sign the quote and expect to get funded within the same day or the following business day at the most.

How Much Do You Want?

$2,500

FAQs

What is the Difference Between a Payday Advance and a Payday loan?

Your company may provide a payroll advance service which you may borrow money against your future salary. Paycheck advances do not qualify as debt, therefore do not attract any interest. Payday loans, on the other hand, are high-interest loans obtainable from lenders and require credit or affordability checks.

Can Using Payday Loan Apps Affect My Credit Score?

This depends on the loan app. Some apps report on-time payments to the major credit bureaus. This can boost your credit score. However, loan defaulting is hardly reported and so your credit ratings may be hardly affected if you default on payment.

What Do I Need to Get Started with a Payday Loan Application?

The requirements to apply for a payday loan may vary. However, the general rule of thumb with most payday lenders is that the borrower is 18 or older, has an active bank account, can provide a valid means of identification, and have a steady source of income.

Are there any hidden fees or other costs associated with using a cash advance app?

This may vary depending on the app. However, cash advances usually include a fee of 3–5 % of the cash advance amount from your card issuer. Some apps also prompt you to leave tips. However, this is optional.

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Need a Cash Advance?

If you need some quick cash ahead of your next paycheck, apply for a loan via US Installment Loans and get competitively low-interest payday loans. Fill out our short, simple form now.

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