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Dave cash advance: what it really costs
An advance of $25–$500 paid into a Dave overdraft account. Every advance carries a 5% fee ($5 minimum), plus a monthly membership of up to $5, so even a slow, free transfer costs money.
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$100 today
$11.50
≈300% a year if repaid in 14 days
$100 by standard transfer
$10
≈261% a year if repaid in 14 days
| Operated by | Dave Operating LLC (partner bank: Evolve Bank & Trust (ExtraCash account); Coastal Community Bank (checking)) |
|---|---|
| Advance limits | up to $500 |
| Monthly membership | Up to $5 a month |
| Instant transfer fee | Free into a Dave Checking account; 1.5% of the amount to another bank's debit card. This comes on top of the 5% advance fee ($5 minimum). |
| Standard transfer | Free by bank transfer (ACH); timing not stated on the fee page |
| Tips | Not part of the current fee schedule |
| Repayment | Repayable on demand; Dave collects it from your account |
| If a repayment fails | Not stated on the pages we could read |
| Who qualifies | 18+, US resident. You must open a Dave Checking account and an ExtraCash account. "Not all members qualify for ExtraCash and few qualify for $500." |
| Banks that don't work | none stated |
| Credit check | No hard credit check (secondary source) |
| Not offered in | None stated; Dave lists all 50 states and DC |
| How to cancel | Not stated on the pages we could read |
| App ratings | iPhone 4.8 (907k ratings) |
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