How do I get a Cash Advance?
To apply for a Money App Cash Advance of up to $250, go to https://cash.money.app/signup and link your bank account along with your debit card. If you qualify, we provide an approval amount within seconds. There’s no interest, no monthly fee, no tipping, and no credit check!
CHECKING ACCOUNT MINIMUM REQUIREMENTS
Money App assesses a consumer’s bank account history to determine their ability to repay. Any account that cannot be confirmed as a checking account, such as a savings or money market account, will not qualify for a Cash Advance.
Customers must have a debit card for the linked bank account to receive the Cash Advance.
IDENTITY VERIFICATION REQUIREMENTS:
We must be able to verify your identity and checking account ownership:
• Enter your info as it appears on your bank account. We’ll check the info you enter against the details we receive from your linked bank to make sure they match.
• Make sure your info matches your public records.
If your account doesn’t qualify, please try again when it has been open longer and/or your account shows more consistent direct deposits and positive account balances.
Will a Cash Advance affect my credit?
No! We don’t do any credit pull or check during or after Cash Advance requests.
How much does Cash Advance cost?
There is no charge to receive Cash Advance. There are no monthly fees, no interest, and no tipping.
Expedited delivery is completely optional but does have an associated fee. Please see the fee schedule below.
Each time you get a Cash Advance, you can select from these disbursement options, some of
which have associated costs:
• Regular delivery (3 business days) to your external checking account– $0
• The below Expedited Fee is payable at the time you repay the Cash Advance:
Cash Advance Amount Expedited Fee
$25.00 – $4.99
$50.00 – $6.99
$75.00 – $7.99
$100.00 – $9.99
$125.00 – $9.99
$150.00 – $10.99
$175.00 – $10.99
$200.00 – $11.99
$225.00 – $11.99
$250.00 – $12.99
How will my Cash Advance be repaid?
Cash Advance repayments are automated, making it easy to pay on time. You will owe the
amount advanced plus any fee for expedited delivery (only if selected!). There’s no interest
charged.
Here’s how repayments work:
We’ll automatically deduct your repayment on the later of:
(1) the direct deposit date you provide us, or
(2) the date on which we see sufficient funds in your Linked Account
Money App will not provide you with further Cash Advances while any amount remains unpaid under the Cash Advance Program.
How do I increase my Cash Advance limit?
You can increase your limit by demonstrating good repayment history with Money App and an ability to support a higher advance amount with consistent direct deposits in your linked checking account.
What’s the cooling-off period?
To encourage responsible financial management, we require a cooling-off period after a cash advance is repaid, during which customers are unable to request another cash advance. To help you keep track of when you’ll be eligible for your next cash advance, we provide this information on the dashboard of your Money App account. Simply log in to see how many days remain until you can request another cash advance.