Today we would look at MyPayFast reviews and apps like MyPayFast. Mypayfast is an outstanding cash advance app that allows employees to access 25% of their salary before payday. It is one of the best apps that help you to meet financial emergencies. There are other apps like Mypayfast that can give you the same financial benefits just in case you’ve explored MyPayFast before and need an alternative.
This article will examine the top 10 apps like Mypayfast and what makes them unique. Before then, let’s check out a brief review of Mypayfast.
The Mypayfast app is one of the best pay-on-demand financial apps that give you access to a quarter of your salary before payday without going through your employer.
Mypayfast charges a flat fee of 5% of the amount you withdraw from your salary. It has no hidden charges or interest charges.
Using the Mypayfast app is quite simple. You must download the app, sign up by inputting your personal information, and link your bank account. The borrowed money is repaid automatically from your linked bank account on your due payday.
The advantage of this app is that it is so confidential, as your employer will be contacted. The limitation of this platform is that it is not available to Centrelink applicants.
You must have a regular income-paying job and be up to 18 years before you can use the app.
Top 10 Apps like Mypayfast
Here are the top 10 apps like Mypayfast app, that give you the best cash advance solutions.
Current app is one of the best apps like Mypayfast allowing you to overdraw from your account for up to $200 with overdraft protection. It is basically not a cash advance app. It works more like an overdraft protection platform.
The processing time is instant, and repayment is made automatically on your next payday. It does not charge any monthly fee.
Another app like Mypayfast that offers you access to a portion of your salary before payday is Varo. Varro is an outstanding cash advance app that works with Chime that offers you access to a $100 cash advance.
Additionally, Varo has a saving account that pays reasonable interest and provides contactless Varo bank visa debit cards. You get up to a 6% cash reward for using the Varo cards.
Furthermore, you can access branchless 24/7 mobile banking to manage your money using the Varo app.
You can connect the app with Chime and get up to $100 cash advances. The amount of cash advance you will get depends on how frequently you use the app. Also, you must have made a $1000 direct deposit in the last 31 days before being eligible for a cash advance.
3. Chime SpotMe
Chime SpotMe is a free service that Chime customers can access to overdraft their checking accounts for amounts up to $200,000. It comes with an overdraft protection feature, and it is entirely free.
The eligibility criteria are minimal, and they can be easily reached. You must have debit cards to be able to use the overdraft services. One of the disadvantages of this app is that tipping is expensive.
One of the most recognized apps like Mypayfast is Albert. Albert app offers a $250 cash advance payable on your next payday. Albert is an interest fee and does not charge late fees.
Sutton Bank offers the Albert platform banking services. The significant advantages of this app are that your deposited funds at Albert Savings are FDIC insured, and you stand t get 20% cash back when you use the Albert debit card to purchase groceries.
MoneyLion is one of the most popular cash advance apps that allows you to access up to $250 of your salary beforehand.
It is one of the best apps like Mypayfast that provides debt cards that you can use to get instant cash advances. As a new user, you stand to get up to $1,000 of MoneyLion financial products when you sign into the app.
A major setback of the app is that it charges a high fee of 3% to 5% of the total cash advance amount.
Cleo is a top cash advance app where you can borrow up to 100 cash advances. It offers instant cash advance service without charging processing fees. However, you have to upgrade to the paid plan to get a cash advance, which attracts $5.99 per month.
Also, Cleo has essential features that help you build a good credit score and prevent overdrafts.
Another good cash advance app like Mypayfast is Empower. Empower provides instant cash advances of $250 without credit checks.
Empower‘s cash advances are interest-free, and no late fee is charged on late payments. Additionally, Empower offers debit cards that do not attract overdraft fees.
However, the setback is that the cash advance feature is not free. You have to upgrade to the paid plan for $8 per month.
Dave is a cash advance app that does not conduct credit checks in offering cash advances. It offers a feature called ExtraCash that allows you to borrow up to $500 cash advance.
Also, the Dave platform offers a Dave Debit Mastercard, which you can use to spend money instantly. The cash advance processing time is instant, and you can quickly transfer money to your Dave Spending Account to spend or make purchases.
The disadvantage is that Dave charges a subscription fee of $1 per month. To get instant funding, you must pay the express fee of $1.99 to $13.99.
Klover is a reputable fintech app like Mypayfast that allows you to borrow up to $100 interest-free cash advances.
Klover does not do credit checks; funding takes one to two business days. However, you must have a checking account to access cash advances on this platform. Prepaid or saving accounts are not accepted.
A significant limitation of this app is that it does not accept late payments or any form of extension.
Earnin is another well-known cash advance app that offers you access to $100 per day and up to $750 per period. It offers no credit check, no mandatory fee, and no interest.
It has a quick funding turnaround of up to two business days. However, it requires you to share bank account information.
The 10 above-stated apps like Mypayfast offers the best cash advance solutions. You should read the terms and conditions before you sign in. better still, read some online reviews of the app before you choose them. That way, you will know what to expect of them.