Money, there is no individual who doesn’t like it or doesn’t want it but during the past couple of years due to the covid -19 pandemic, the economies of many countries have been crippled and because of this many adults are having a hard time paying their rents, bills on time.
Due to all these factors apps like Earnin and chime are gaining surreal popularity and has become an integral and important part of people’s life.
Earnin which was formerly known as active hours is an astonishing application that can assist you to easily cash out up to $100 on the cash you make per day. Earnin provides you the independence about what you want to pay to support the service although there is no fee and interest charge.
The services that Earnin offers is listed down below:
- The balance shield: the balance shield service helps you in keeping track of your account balance moreover you can also get alerts if the amount drops below a specific amount.
- Cashback reward: buying an item and getting cash back on it. Doesn’t it sound amazing? Earnin also allows you to get cash back when you shop. All you must do is just link your credit or debit card to it and you will be eligible to get cashback ranging from 1% to 10%.
10 Alternatives To Earnin In 2021
There are many apps likes Earnin which offers a plethora of benefits to the user, let’s discuss them one after another:
1. Dave
Dave has a very low membership fee which is just 1%. it doesn’t require you to have a certain minimum balance and it also provides you with no interest on cash advance which implies that if you make a payment that is bigger than the amount you have in your account the Dave institution will pay the extra amount and add that as an inflexible fee.
Moreover, it alerts you if you are on the verge of getting overbalanced and provides you a chance to request an advance.The apps offer you a plethora of features just like Earnin which are:
- The authority to freeze/unfreeze your card via the app.
- Budgeting your expenses, if you find it difficult to stick to a budget.
- It also has a feature called the side hustle feature which allows you in networking with your locale money-making gigs
2. Chime
Although this app doesn’t give you the service of paycheck advances in the way that Earnin and Brigit do rather its online bank account offers to allow you to make your payment quicker in no time.
When we deal with opening accounts in any financial institute, we must wait for two-three days in order to access payments. While chime allows accessing your account funds the moment your employer puts it into your account.
This app certainly offers many features that you can’t find in other institutions which are as follows:
- Automatic savings: as the name of the service suggest it helps you in saving money off each purchase on your debit card by rounding it off the nearest dollar and then credit the difference into your savings account.
- Payment app feature: this features when enabled imports your contacts from your phone and then you can send money to your families and friends with no service charges
3. Money Lion
This app is far ahead of Earnin because it offers a no-fee checking account and 0% APR cash advances. This app offers you two types of membership which are zero-fee managed investing and free fraud protection the latter service alerts you whenever it detects any suspicious usage on your account.
And you can also use this service to unlock and lock your card and the former service allows you to easily transfer money from saving to exchange-traded funds tailored to fit your risk tolerance.
4. Speedy Cash
It is considered to be the best cash app that has no credit checks. Originally developed for people who borrow to manage their short-term loan with time this app has grown to be one of the best apps just like Earnin and chime and moreover it provides you with an advance on your next paycheck. Speedy Cash is one of the fastest in offering payday advances.
5. Even
If budget is where you fail miserably every month then this app is for you, this automatic money managing app is the finest at handling your monthly budget and helps you in sticking to it by its reliable system that notifies you about your impending bills and how much you require to get them paid.
Although even isn’t free and charges a monthly $2.99 fee to get access to its budgeting and saving services it’s worth it. This app also allows you to get the same-day pick-up services at any Walmart or it provides you with the option to wait till the next business day for the bank transfer.
6. Brigit
It is said to be the most flexible cash advance apps just like Dave with no fees to pay. It helps you out by providing cash advances up to $250 and the best part is that this cash advance is sent to your account instantly without requiring any credit check. However, this app needs you to meet certain requirements which are as follows:
Income: implying that firstly you should meet the minimum requirement of your monthly payment which is although not specified on their website page and secondly you must have a single yet steady source of income.
Banking: you must have a checking account that should be 60 days old with a balance greater than $0. also, you are required to prove that you use your account daily to make receive payments.
Brigit score: the institution has its own way of ranking you based on their criteria and on a scale of 1 to 100 you must score at least 70 and this scoring system is independent of your earnings, spending, etc.
7. Daily Pay
It is one of the most dependent apps in the financial sector. It offers you to access the capital you have earned as early as possible by requesting also the request fee of this app is $1.25 per request and it gives you the liberty to request at any time, although this app is like Earnin, and it doesn’t charge anything to employers.
8. Payactiv
EWA aka earned wage access which is defined as the ability to amass your wage in the shortest amount of duration after you earn it is a feature on which this app is based upon, just like the daily pay based on the itinerary of the employer this app usually cost you a fee ranging from $0 to $5 also you can transfer this money to your bank account which further can be used to pay your bills online.
The best part about this app is that it offers you free credit counseling that can help you in the reduction of your debt payments.
9. FlexWage
It is a financial company based in new jersey that allows many benefits such as EWA to its employer just like many apps discussed above, the primary product that this company focuses on is WageBank, it is considered a viable alternative to payday loans. Although this app doesn’t give you cash but instead provides you with a reloadable debit card that the capital can be loaded onto.
10. Branch
it is also one of the apps that are mainly developed in order to help the employers by keeping track of the staff: who is sick, who is on vacation etc. it also provides a feature through which workers can request time off, swap shifts, etc. It also offers many financial tools to the employers like creating a budget, allowing you to access your Earnings early, etc.
Conclusion
These are popular choices for financial aid and tools for corporate people. These websites help the employees in keeping track of finance and other such works at their fingertips. Overall, all the website is helpful and safe to use for employers.
