FloatMe is a cash advance app that allows people borrow up to $50 interest-free between payment periods.
FloatMe calls this advance a “float”, which can be used to help cover emergencies, unexpected expenses, or pay bills.
Because the amount you owe is taken from your next paycheck, FloatMe typically doesn’t charge late fees or penalties. If you run out of money when it’s due, FloatMe will only deduct part of the payment to help you avoid overdraft in your bank account.
In addition, FloatMe does not charge interest on the amount you borrow! If you are curious about apps like FloatMe then this article is for you as we analyze 20 apps like FloatMe.
Apps like FloatMe: Top 20 Alternatives To Try In 2022
Current is a unique checking account that is accessible via a mobile app. The utility of current is to help users spend less money on fees and find better ways to manage their finances.
Using Current, you can get paid up to two days ahead to help you stay financially afloat. You can also overdraft your account for up to $100 for free.
Another feature of Current offers is the instant gas hold refunds when you use your card at the gas station.
Using this feature, you can pump gas without worrying about the immediate availability of funds.
MyPayNow is one of the latest alternatives to FloatMe. It helps users collect their pay on the same day. MyPayNow provides instant access to up to 1/4th of your wage with real-time deposits.
With MyPayNow, you can access your money anytime and anywhere. A remarkable feature of MyPayNow is that you don’t need your employer to be registered on the app to take out your money.
BeforePay is another great alternative to FloatMe that helps you manage and smartly spend your money by creating a budget seamlessly
It only takes a few minutes to set up a monthly budget using the BeforePay app.
It provides instant access to your money at all times without any hassle.
Before Pay provides an option to cash out a portion of your ‘Pay on Demand’ and have a deposit in your account within a minute.
BeforePay provides flexible instalments as part of its offerings for up to 4 weeks for a fixed 5% fee.
Daily Pay is a finance app that provides you money for you as you work. You can easily withdraw the money you have made without hassle.
This is useful for workers who require instant cash during emergencies. Once your check comes in, the loan is automatically charged back through the app.
Card.com is an online platform that provides prepaid cards. These prepaid cards are very convenient and easy to finance. They could be used to deposit money directly into an account.
A prepared Card.com card can be financed via partners in the States. Not only can you make ATM withdrawals with these prepaid cards, but they can also be used to transfer funds between two cards.
Gada is a fantastic alternative to FloatMe that provides a platform to create and use cheques with your phone.
It is useful for small to large businesses. Through Gada, you could create multiple cheques on your device.
All you have to do is to create the cheque and mention the recipient.
Cheques are processed by the bank upon confirmation of ID.
Brink’s Money is an online financial management app that lets you manage your money just like an online bank.
Brink’s money offers the option to have your paychecks deposited into your account. With Brink Money, you can access your money from anywhere in the world.
PayActiv is an app that lets you get cash advances while you are at work. It enables you to take out money that you have earned working without waiting for your payday.
The money you loaned is charged back once your paycheck is ready. It could come in handy during emergencies.
GoBank is an online financial service provider that offers financial management services for its users. It helps create budgets according to the needs of the user and helps them stick by them.
It also helps users save money. Those who need to check and control their expenses should check it out.
Alliant Banking has been in the industry for more than 20 years. They help users invest their money for periodic returns
They are known for being very customer-centric.
Western Union NetSpend Prepaid
Western Union NetSpend is owned by Western Union. The services provided by the NetSpend app help allow its members to keep a track of their transactions and expenses all in one place.
It also helps users deposit checks into their accounts seamlessly. Users have 24/7 access to their accounts from anywhere in the world.
Brigit is another great alternative to FloatMe. It helps you to manage your budget and helps offer cash advances in case of an emergency. You can qualify for an advance of up to $250 depending on your income.
Birgit can help you source for a side hustle to bring in some extra income whenever you are in need.
MoneyLion can help you stretch your finances in between paychecks. MoneyLion can provide zero-interest loans and also help you receive salary payments early.
They have the Instacash package that can advance you $250 at any time with no interest fees against your paycheck.
It has no membership fees except for the transaction fee for any expedited cash transfer.
Earnin helps you get paid for your work as and when you do it. It allows you the option to cash out the required amount you have made while working without having to wait for your paycheck.
Earnin charges back the money from the paycheck when it comes.
There is an initial withdrawal cap of $100 but as you use the app regularly, you’ll be able to withdraw up to $500 per day in advance.
If you want to get rid of overdrafts cutting into your budget then Dave is for you. Dave constantly analysis your finances and warn you of a potential overdraft.
When the warning alert comes in, you’ll be able to move funds around and avoid paying an overdraft fee. If funds are not available at that moment, Dave will provide a small cash advance to borrow with zero interest.
However, you’ll have to repay the fee as soon as your next paycheck comes in. This service costs about $1 per month.
Ingo Money offers services including personal checks, business checks and cash paychecks, accessible from anywhere in the world.
It also helps you transfer money quickly and easily.
Some other benefits of the ingo money app are the payment of credit card bills, money transfer to multiple accounts, and redeeming of Amazon gift cards.
Branch is an app that requires zero membership fees. It helps you with financial advances from your earnings on the same day.
On Branch, you can upload your working hours and get an advance against your wages.
The catch is that you can only use this service if your employer is registered with Branch and has an account with them.
Hanscom FCU is a charitable foundation that provides donations to noble causes.
Not only do they help charitable organizations financially, but they also provide HR services.
Hansom is free and no administrative charges are required.
I hope this recommendation on other apps like FloatMe was instructive. FloatMe helps provide emergency cover for those in need of funds.
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