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 link your bank account along with your debit card to apply, and see if you qualify. If qualified you’ll find out right away how much you can get. 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 – $5.99
$75.00 – $6.99
$100.00 – $7.99
$125.00 – $7.99
$150.00 – $8.99
$175.00 – $8.99
$200.00 – $9.99
$225.00 – $9.99
$250.00 – $10.99
How will my Cash Advance be repaid?
Cash Advance repayments are automated, making it easy to pay on time. You will owe the
amount you borrowed plus any fee for expedited delivery (only if selected!) There’s no interest
charged.
Here’s how automated Cash Advance repayments work:
We’ll automatically deduct your repayment after the later date of:
(1) we see evidence of income (such as a paycheck) deposited into your Linked Account, or
(2) the direct deposit date you provide us
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?
If we can detect qualifying income in your linked checking account and predict when you’ll be able to repay your Cash Advance, you’ll have access to a higher Cash Advance limit. Typically, higher deposit amounts will unlock higher Cash Advance amounts.
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’ve integrated a feature into our app. Simply log in to the app to see how many days remain until you can request another cash advance.