ExtraCash® is an overdraft feature, not a loan, and carries no interest.
Dave qualifies eligible members for the ExtraCash® overdraft, up to $500, in 5 minutes or less, then settles it later with no interest and no late fees1. Dave Checking adds direct deposit up to two days early2 and no minimum-balance fees, and the Dave Goals Account rounds up purchases into savings automatically with no minimum deposit required, so the cost of getting help is visible before you need it.
Dave is not a bank. Banking services provided by Coastal Community Bank, Member FDIC. The Dave Debit Card is issued under a license from Mastercard®. 1 ExtraCash amounts range from $25–$500, typically authorized within 5 minutes, with an overdraft fee equal to the greater of $5 or 5%. Multiple overdrafts may be required. Not all members qualify for ExtraCash and few qualify for $500. ExtraCash is repayable on demand. Must open an ExtraCash overdraft deposit account and Dave Checking account. Up to $5 monthly membership fee for ExtraCash, Income Opportunity Services, and Financial Management Services. Optional 1.5% fee for external debit card transfers. See dave.com. 2 Early access to direct deposit funds depends on timing and availability of the payroll files sent from the payer. These funds can be available up to 2 business days in advance of the scheduled payment date.What We Love
- π Quick and easy to use
- π° Helpful for financial emergencies
- π Convenient and user-friendly
- π³ Donates to charity with tips
- βοΈ No interest or fees (besides optional tip)
Room to Improve
- π€ Inconsistent advance limits
- π°οΈ Slow to update payment information
- π€ Tricky to avoid extra fees
- π Concerns about security and identity verification
- π€― Frustrating customer support experiences
