Cash advance apps are a wise choice when you’re strapped for cash between pay cycles. Cash advance options are growing since traditional banks charge fees as high as $35 for overdrafts. In addition, payday loans can be really expensive. On the other hand, cash advance apps usually don’t charge overdraft fees and rely on tips or subscription fees for revenue.
Varo offers cash advances up to $100, but you have to jump through a few hoops to get more than $20 advanced. The account must be at least a month old and active, and you must have a direct deposit of at least $1,000 in the last 30 days.
People who need more than a hundred dollars spotted will have to look for alternative cash advance apps that work and connect to their Varo account. Therefore, we found In this article, i’ll discuss the best cash advance and payday loan apps that work with Varo.
How do Cash Advance Apps work?
A cash advance app lets you deposit money into your bank account that you already earned before payday. Apps like these are usually free or charge a small fee, but there’s no interest charged. Despite the upfront fees, you can get them for much less than payday loans or credit cards. Consumers who are struggling with cash flow can use cash advance apps to break the paycheck-to-paycheck cycle.
Top 8 Cash advance apps that work with Varo
Not all online banks and cash advance apps are compatible. When you bank with Varo, you will wonder what cash advance apps work with Varo. Here are the best cash advance apps that work with Varo, so you’ll know where to go when you need cash.
1. Empower Cash Advance App
Empower is a popular cash advance app that works with Varo and lets you take out up to $250 as an advance. It’s an app for today’s generation. Whatever comes up, it will help you by letting you borrow money. If you download the app, you can get a cash advance of up to $250 when you need it most and save for your future.
Empower doesn’t take applications, charge interest or late fees, check credit or take credit risks. All you have to do is pay them back when your next direct deposit comes in. You can get any of the four levels of cash advances from Empower. They range from $25 up to $250.
Each level of cash advance has its own requirements. To find out if you qualify, tap “Check eligibility now”. Under “Qualifications,” you can see if you’re eligible for each offer.
Here’s how to link Varo Bank to Empower
- Launch the Empower app.
- Go to your app’s home page and scroll down to Accounts.
- Tap on the “+” icon at the top right.
- Varo Money won’t be on the list, but you can find it by tapping the magnifying glass in the upper right corner.
2. Cleo Cash Advance App
CLEO is a new kind of financial assistance for the new generation. It helps you save money and gives you a cash advance of up to $100 if you qualify.
Besides Varo, CLEO connects to most banks, including traditional US and UK banks like Chime, Varo, Chase, Barclays, HSBC, etc.
You’ll need their Cleo Plus to account for Cleo’s cash advance, which costs $5.99 a month. You’ll need to set up your Cleo Wallet and connect your debit card. Then the cash advance will be between $20 and $100. If you want your salary or cash advance on the same day, you have to pay $3.99, or you can get it free for up to four days. It’s necessary to pay back your advance in full in order to get another one. You will have to repay Cleo any time between 3 and 28 days.
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3. MoneyLion Cash Advance App
The Cash Advance service by MoneyLion is called “Instacash.” It’s one of the many services MoneyLion offers its customers, banking, investing, and even crypto. Just apply and link your checking account to get 0% APR cash advances up to $250 to help you with essentials and unexpected expenses without any monthly fee. To link a Varo Account in MoneyLion, select “Link an account” from the “Finances” menu at the bottom of the MoneyLion app home screen. Choose Varo bank from the settings or search for it using the search bar.
MoneyLion only gives cash advances to users who are eligible based on the following criteria;
- The bank account has been active for at least two months
- Has regular deposits of income/paychecks
- Has a positive balance
4. Branch Cash Advance App
The Branch is a mobile digital wallet for Americans on the go. It’s an on-demand hub to help working Americans handle their everyday finances. The get-paid-today app lets any employee get a payroll advance of up to $500 per paycheck. You can also manage your cash flow and spend anywhere with your smartphone. If you bank with Varo, you’ll need to put your direct deposit into your Branch Wallet to qualify for an advance. To add Varo to Branch, click Settings, then Payment Methods. Below Payment Methods, you can add a new bank or credit card. Click “Add Bank or Card” and choose “Bank.”.
5. Dave Cash Advance App
Dave gives users a cash advance on their paychecks to cover small expenses, and it works perfectly with Varo. You can get a cash advance from Dave pretty easily. Up to $200 can be yours if you set up a direct deposit or link to an outside bank account like Varo. In the last few months, Dave has been giving out $250 advances to people with recurring income of over $1,000 per month. This is either in Dave’s spending account or an external account. Dave doesn’t charge overdraft fees; instead of interest, it asks for an optional tip. It charges a $1 monthly fee, which is cheaper than its competitors. Dave does not run a credit check before accepting, but it helps you build a good credit score. What size of advance you get depends on:
- Your income status.
- All your deposits and transactions in the last 60 days.
- You have pay back previous advances on time.
- Your Dave account balance.
- If there are any negative balances in your account lately
Here’s how to connect your Varo bank account to Dave:
- On the Dave App, tap on the Profile option
- Tap on the Linked Banks and Cards
- Then tap on Change
- Next, choose Change Bank and select Varo from the selections.
- Keep following the prompts.
6. Albert Cash Advance App
Albert is one of the original cash advance apps. Depending on your income, you can get a $100-$250 cash advance from Albert. The app mostly offers banking and financial advice, though it does budget tracking. The service works on a subscription basis, charging $3.99 each month with no interest or late fees. There’s also a $4.99 delivery charge if you want to advance right away. But Albert does not charge late fees, interest, credit checks, or hidden fees. Varo and Albert both use Plaid, so you should be able to connect your accounts. You could qualify for up to $250 in advance funds based on your banking history.
Here’s how to link Varo to Albert
- Launch the Albert app and tap on the Overview option
- Just tap the plus (+) sign.
- Choose Varo Money or search for it by name if it’s not listed.
- Enter your financial institution’s credentials.
7. Klover Cash Advance App
Klover is an app that gives you cash advances and other financial services like overdraft protection. The advance you can get will be between $100 and $500. The app works well with Varo. If you want a cash advance, you’ll need to add your Varo Bank account to the Klover app and meet the direct deposit requirement. The Klover model is different because it neither charges interest nor charges nor checks your credit score. It makes money by sending you targeted ads based on your profile.
There’s a $2.49 monthly fee, and you need at least three direct deposits to qualify. Here’s how to link Varo to Klover:
- Log in and tap on the “Profile” option
- Choose “Bank” and “Remove”
- Once you remove your bank account, your debit card will become unlinked. Tap on “OK” to confirm.
- To log in to Varo Money, use Plaid (our third party)
- You can now proceed to add your debit card
8. Varo Advance
Varo Advance, part of Varo bank, is another cash advance app for Varo users which acts, unlike an overdraft protection app. When you qualify, you get access to instant cash, so you don’t have to worry about overdrawing your account.
With Varo Advance, you can get a $100 advance with terms and conditions with a tiny fee of about 5%. For $50, it is $3, for $75, it is $4, and for $100, it is $5.
If you want to use Varo Advance, you’ll need to meet the following requirements:
- A Varo Bank Account must be active and at least 30 days old with no negative balances.
- At least $1,000 must have been deposited into your bank account, savings account, or both in the past 31 days.
- Varo advance allows you to set up automatic payments right from your Varo bank account.