No credit check for checking bills or advances

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Pros and cons

Annual Percentage Yield (APY)

No

Minimum deposit amount

No

Annual Percentage Yield (APY)

No

Minimum deposit amount

No

Pros

  • No minimum opening deposit
  • No credit check required
  • Dave card included
  • Early Direct Deposit
  • No current account fees

cons

  • $1 monthly membership fee
  • 1% fee per transaction if you use Google Pay or Apple Pay
  • Does not allow you to be overdrawn from your account
  • Does not accept wire transfers
  • Limited ways to deposit cash
  • $2.50 fee for out-of-network ATM

More information

  • Access over 37,000 free ATMs through the MoneyPass ATM network
  • Dave charges a $1 membership fee to access the Dave Spending Account and app budgeting features
  • Dave will refuse your purchase if your account is overdrawn
  • To deposit cash, you must go to a Green Dot location (cannot deposit cash at ATMs)
  • Dave Expense Account may only be opened as an individual bank account
  • FDIC insured through Evolve Bank & Trust

The Dave Spending Account may be ideal if you’re looking for an account that’s easy to open – it doesn’t require a credit check and requires an opening deposit of $0. It also offers an instant 2-day deposit, a notable advantage if you want quick access to your salary.

Be aware of possible costs and restrictions for the account. Most notably, there is a $1 subscription fee to use the Dave app and limited ways to deposit cash.

Dave App Features

Dave comes with a variety of features, including tools for building credit and establishing financial habits.

Here’s an overview of the app’s features:

  • Dave Advance: You can request a cash advance of up to $250 with no interest and no credit check required. Dave looks at your bank account history to determine what amount you qualify for. You are likely to get a higher amount on the deposit if you receive a total deposit of $1,000 or more each month.
  • Dave LevelCredit: Dave has partnered with LevelCredit to provide a financial resource for building credit. The service is free as long as you have a Dave Spending account and make a monthly recurring deposit. You open a Dave Spending Account and make a minimum of two direct deposits of at least $1,000. After you meet this requirement, you will receive an email about LevelCredit. Once you’ve linked your account, you can use monthly rent or utility payments to improve your credit score. LevelCredit reports your consistency to credit bureaus every month.
  • Dave Side Hustle: The app has a feature that allows you to work remotely. You can set up a profile through the app and search for completely remote or local side activities that are available.
  • Dave Goals: You can set and track personal financial goals through private goals or public goals. Public goals can be shared with anyone who has the Dave app, while private goals cannot be shared.
  • Dave Budgeting: Dave lets you organize your expenses to keep track of how much you spend in a category. It can also notify you of upcoming expenses and if you may have a low balance.
  • Dave Rewards: You can earn money back if you use the Dave debit card often. Offers from retailers are listed in the app.

How Dave works

Dave is a mobile fintech platform, not a bank. The Dave Spending Account is FDIC insured through Evolve Bank & Trust. Up to $250,000 is safe in an individual bank account.

Customers can access 37,000 free ATMs through the MoneyPass ATM network.

Customer service is available via live chat Monday through Saturday from 6:00 AM to 6:00 PM. You can also call customer service from 4 a.m. to 10 p.m. PT during the week or from 5 a.m. to 5 p.m. on weekends.

Dave gets 4.4 out of 5 stars in the Google Play Store and 4.8 out of 5 stars in the Apple Store.

Dave reliability and BBB rating

The Better Business Bureau rates companies by how they solve customer problems.

Dave has a B rating because the BBB has received a large number of complaints against the company.

A good BBB rating does not guarantee that your relationship with a company will be perfect. Talk to current customers or read customer reviews online to see if Dave is a good fit for you.

Dave has not been involved in recent public controversies.

Dave vs. Dora

Dora Financial is an online banking platform with a free Bank On certified checking account. Check out how the two online-only platforms fare below.

Both Dave and Dora have


checking bills

those are great choices if you’ve struggled to open a bank account in the past. Your decision between these two platforms may depend on your preference in features.

You may prefer Dora’s Everyday Checking Account if you want a mobile app in English and Spanish. You can also lean more towards Dora if you don’t want to pay monthly fees. Dave has a monthly subscription fee of $1 for his app.

Dave may be your best bet if you’re looking for ways to build credit. You may be able to use monthly rent and utility payments to improve your credit score.

Dave vs Mission Lane

Mission Lane is a fintech company with financial tools to help you improve your credit score. Check out how the two companies compare below.

Mission Lane may be worth investigating if you have been refused a loan in the past because of your credit history.

You open a $300 loan and the money is deposited into a secured savings account. You must make 12 consecutive monthly payments of $25 to withdraw the full $300. For each month you make a payment, your Credit Builder account is reported to a credit bureau so you can improve your credit score.

Dave may be your best bet if you’re not ready to apply for a loan yet. It partnered with LevelCredit and you may be able to use monthly rent and utility payments to build your credit score.

You may also prefer Dave if you’re looking for additional tools to help you save. The app has budgeting features to track expenses and also lets you set personal financial goals.

Frequently Asked Questions

Can I trust the app Dave?

The Dave Spending Account is a federally insured bank account, so you can safely keep up to $250,000 in the account.

Does Dave charge a monthly fee?

To use the features of the mobile app, you need to pay a $1 monthly subscription fee.

How much can Dave lend you?

You can request an advance of up to $250. No interest is charged on the cash advance and no credit check is required. Dave looks at the deposit and transaction history of your linked bank account or Dave Spending Account to determine the amount of an advance.

The money will be available within minutes via the Dave Spending account. If you prefer to transfer the money to an external bank account, this can take up to three business days.

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