what is dave app

Dave is a mobile banking app that offers cash advances, side hustles, and banking accounts with fewer fees. It was founded in 2017 and is based in Los Angeles. The app has a $1 per month membership fee and offers a spending account, a debit Mastercard, and an automatic budgeting tool. One of its key features is the ExtraCash™ feature, which offers a short-term loan of up to $500. To qualify for Daves ExtraCash advance, you must have an ExtraCash account, which goes negative with each advance, rather than Dave sending you the money directly. You also have to open a Dave checking account, whether you plan to use it or not. Daves advance amounts are high compared to other cash advance apps, with a maximum advance of $200 or $250 being more common. Funding time is slightly longer than others, but if you pay a fast funding fee, the difference between Dave and others is negligible. Dave users may also leave a tip, but its not required. Dave has generally positive reviews on both the Apple App Store and Google Play Store, with 4.8 and 4.4 stars, respectively.