The Dave app provides a debit account with a low monthly fee, an associated debit card, and cash advances up to $500 that help you pay for an emergency or avoid overdraft fees.

The Dave app is a personal finance service including a bank account with no fees for overdrafts. It doesn’t require a minimum balance, and users can access a short-term $500 advance if necessary.

Users can withdraw from ATMs, and the app sends updates on side-hustle opportunities. It provides notifications to help users manage their money sensibly.

Life has a habit of throwing curveballs, and if you’re like most of us, you’ve found yourself with unexpected expenses when your bank account is running low, putting you in danger of overdraft fees.

Cash advances can be your lifeline in the last week or so before your pay comes in. But many payday lenders charge interest that pulls you deeper into debt.

Dave claims to provide the advance you need until your next paycheck is paid without exorbitant fees. At present, around millions of people are registered with Dave..

Here’s our Dave app review.

What is Dave app?

Three friends were dissatisfied with certain aspects of traditional banking, especially overdraft fees, due to difficulty monitoring monthly expenses and their remaining bank balance.

Backed by celebrity investor Mark Cuban, they developed the Dave cash app as a “David vs. Goliath” solution for the majority of Americans to avoid overdraft fees and exorbitant payday loans.

With Americans paying as much as $12.4 billion in overdraft fees in 2020, such an innovation addressed a real consumer pain point.

Dave app is an entirely mobile platform available for iPhones running iOS (download from Apple App Store) and Android phones (download from Google Play Store). It isn’t available on computers.

Get Dave app here.

Pros and cons


  • No credit check to qualify
  • ExtraCash™ advances up to $500
  • Easy sign-upprocess and instant access to advances
  • No overdraft fee (settlement cheaper than overdraft fees)
  • No low balance fees
  • Potentially low fee/zero-fee way of borrowing money
  • Very useful for occasional emergency expenses
  • Early direct deposit funds
  • Round-the-clock support from trained financial professionals
  • Dave Spending Account and Dave Debit Card may not be used for internet gambling


  • Problems with transfers or deposits into your account can result in it becoming overdrawn (this must be rectified within 60 calendar days)
  • $1/month Dave membership fee (although compared to most monthly fees, this is low).
  • Tips are optional, however they are effectively interest on the advance if you choose to leave a tip
  • Instant access to cash advances in your Dave account or another account requires you to pay express fees
  • Dave requires bank account access (if you use it in addition to your existing bank account)
    You must share your Social Security number or Tax Identification Number
  • Using Dave may encourage people to borrow money against future earnings rather than accumulating emergency savings
  • Short repayment terms

How the Dave app works

The Dave app is a fully mobile interface for banking products provided by the financial institution Evolve Bank & Trust, partnering with Dave Inc.

It has two main products: a spending account and Extra Cash. The spending account functions as a checking account and you can get your direct deposit up to two days early if you choose to have your direct deposit sent there.

ExtraCash allows you to get an advance of up to $500 that is paid back automatically on your next payday. For a small fee, you can spend it out of your spending account with your Dave debit card or transfer it to another checking account for free.

Learn more at the Dave app website.

The Dave account: Setting up a bank account

Download the Dave App and link your bank account to determine whether you qualify for an ExtraCash advance.

Dave spending account

This account is Dave’s primary product. Calling it a spending account emphasizes that it is similar to a checking account, without checking. Evolve charges no overdraft fee or low-balance fees.

You can use this account alone or with a linked bank account. The linked account may be a checking account or another type of bank account, such as a savings account.

The Dave Debit Card, backed by Mastercard®, is linked with this account, and you can make debit card purchases with it like with any other debit card and withdraw from MoneyPass® ATMs.

You can use your Dave Debit Card in Canada, Mexico, and the UK to pay or withdraw cash from ATMs; foreign transaction fees apply for both uses as specified in the deposit account agreement.

The app provides you with a Virtual Dave Debit Card on your phone.

The Dave Rewards program, linked to the Dave Debit Card, offers cashback opportunities for spending ExtraCash advances via this card.

Learn more at the Dave app website.

Set up an ExtraCash account

Within the Dave app, will answer some verification questions and then you can set up an ExtraCash Account.

Qualification requirements for an ExtraCash advance

Dave uses a proprietary underwriting model to analyze your bank account for markers of financial health so as not to plunge you into a worse financial position.

This model determines your monthly income, account balance, and typical spending habits and uses this information to decide whether or not you qualify for a advance and how much.
It does not do a credit check with the credit bureaus.

Your bank account must be at least 60 days old, have a minimum of three recurring deposits, and monthly deposits must total at least $1,000.

You must also verify your identity.

You may use the money for rent, gas, buying a Black Friday special, attending a friend’s wedding, and other personal and household expenses that can’t wait till the next payday.

However, you may not cover business or educational expenses with this money.

Does Dave app give you money instantly?

When requesting a advance from Dave’s ExtraCash account, you can elect to send money to any account you wish at no charge (but a two to three business day period to clear), or you can access funds instantly.

With express delivery, you can send it to your Dave Account, where it is available within minutes, or to an external bank account and external debit card, within an hour.

However, this instant access to cash requires you to pay an express fee that depends on the amount of the transfer money, with transfers to external bank accounts costing more than those to a Dave Spending Account.

How much eoes Dave let you advance?

The service has gradually increased the advance amount. Although a maximum of $75 is often quoted online, this amount is outdated, and the current maximum advance Dave offers is $500.

The average cash advance offered as of October 10, 2022, was $120. Eligibility on your account resets at midnight.

Learn more at the Dave app website.

How long do you have to pay Dave back?

When you take an advance, your ExtraCash Account balance goes into the negative; the agreement between you and Dave is that you will return the balance in this account to $0 (settle the account).

If you have a fixed pay period, you will be required to settle on your paydays; should you have no fixed pay period, you must usually settle on the nearest Friday after you take the advance.
Users who cannot settle at these times incur no late fees for settling later; the platform may take partial payments to cover the amount advanced.

Once your settlement has reflected, bringing the balance back to $0, you could beeligible for another advance. You can have a positive balance in your ExtraCash account, up to a maximum of $500.

How much must you pay back to Dave?

On your settlement date, or as soon as possible afterward, you must repay the advance, any express fee for immediate access to cash, and a tip (the app defaults to 10%; you can set it to anything between 0% and 25%).

This tip allows you to reward Dave for helping you while remaining in control of your expenses. A portion of your tip goes to Feeding America, which feeds the hungry via a network of community food banks.

In addition, Dave charges a monthly fee of $1. As a result, these are not entirely free advances, but they are still more affordable advances than traditional payday loans.

Dave app features

The app has several useful features for savers. Let’s take a look.


Insights provide automatic account monitoring that analyzes your paycheck or wages, monthly debits for rent, utilities, and other services, and your monthly average spend on things like gas and food.

You can also manually add expenses to the tool. The budgeting tools let you view your budget and see how much you can still spend before your next paycheck is paid into your savings account.

Dave’s notification services can send you a warning text if a bill could put you in danger of an overdraft fee.

Learn more at the Dave app website.

Side hustle

If you regularly find yourself anxiously waiting for the next payday to come, why not take on a side job to earn a bit more money?

Dave has partnered with scores of partner businesses that offer flexible, local jobs in your area through Dave’s Side Hustle feature. You can also fill out Dave Surveys and get paid for each survey completed.

Early direct deposit

Depending on your employer’s specific payroll policies, Dave may be able to get you access to your paycheck up to two days early via an early direct deposit.

Dave app fees

For a $1 monthly membership fee, Dave analyzes your spending patterns to predict whether you’re in danger of becoming overdrawn and avoid an overdraft fee by giving you a advance of up to $5o0.

The app itself has no minimum balance requirement, late fees, or overdraft fees (although it is possible for your account to become overdrawn).

You can withdraw money at 37 thousand MoneyPass ATMs nationwide, with no ATM fees.
When repaying advances (a process referred to by Dave as settlement), you are encouraged to leave a tip (between 1% and 25% of the advance amount).

Learn more at the Dave app website.

What people are saying about Dave app: Customer reviews

The Dave app has 575.8k ratings on Apple App Store, with an average rating of five stars. On Google Play Store, 426k people have rated this app, with an average rating of four-and-a-half stars.

Is Dave right for you?

Being a Dave member can be very useful if you have occasional small emergency expenses; you can use the advances instead of personal loans that would take longer to apply for and access.

It is also a money-saver when you use it to avoid overdraft fees that would otherwise gobble up an appreciable chunk of your pay.

However, using it as an adjunct to an emergency savings account is best.

Ensure that your next paycheck will cover the settlement and your monthly expenses and that you have a checking account that receives recurring direct deposits.

Get started with the Dave app.

Who the Dave app isn’t right for

The Dave app isn’t right for everyone. If you know you have a habit of spending more money than you earn, you should know that the app isn’t a quick fix for these habits.
Dave’s advance feature is also not ideal if you need same-day cash with low repayments (due to the express fees Dave charges). Same-day personal loans are probably a better solution in this case.

If you need a longer repayment term than the service offers, personal loans or a credit card are a better option.

Some people prefer not to share their bank account details, Tax Identification Number, or Social Security number with Dave.

Is Dave a trustworthy app?

Dave uses various banking-level security measures, such as 2048-bit encryption, to protect data transmission (including your SSN and password). Banking credentials are used once for authentication purposes.

The data center housing the Dave servers is monitored by security personnel around the clock. Independent security experts are engaged to assess and test site security.

FDIC insures every account up to $250,000.

Get started with the Dave app.

Dave vs. other cash advance apps

Here’s a quick comparison of the app versus similar services.

Dave vs. Earnin

Earnin gives cash advances up to $500/month, but its fees are not transparent.

Earnin also requires users to provide an electronic timesheet or geographic location data to confirm that they’ve been working.

Here’s our full Earnin review.

Dave vs. Brigit

Brigit also offers budgeting tools and cash advances up to $250. However, its monthly fee is $9.99, and its encryption is only 256-bit.

Learn more at Brigit.

Dave vs. Branch

Branch offers advances up to $150/day or a maximum of $500 of your paycheck, but you may not work remotely.

Learn more at Branch.


The Dave app provides a basic yet effective debit account with a low monthly fee, an associated debit card, an insightful budgeting tool, and advances that help you pay for an emergency or avoid overdraft fees.

Download the app and sign up today!

*ExtraCash™ is a DDA account with overdraft utility, advances are subject to eligibility requirements and identity verification. Taking an ExtraCash™ advance will make your account balance negative. Express delivery fees apply to instant transfers. Average approved advance is $120 as of October 10, 2022. See the Extra Cash Account Agreement for more details.

**Early access to direct deposit funds depends on timing and availability of the payroll files sent from your employer. These funds can be made available up to 2 days in advance.

About the author

Chris Muller picture
Total Articles: 285
Chris has an MBA with a focus in advanced investments and has been writing about all things personal finance since 2015. He’s also built and run a digital marketing agency, focusing on content marketing, copywriting, and SEO, since 2016. You can connect with Chris on Twitter.