Floatme is an extremely popular app that helps you to better manage your money. They help with overdraft protection, building up a savings account, and they’ll even spot you a few dollars out of your upcoming paycheck. However, there are many apps like Floatme available for you to use. What are some of the alternatives that you might want to consider?
|Apps Like Floatme||Pros||Cons|
|Dave||Cash advances up to $200|
No overdraft fees with Dave Banking
Build credit history
|$1 per month subscription fee|
|MoneyLion||Cash advances up to $300|
|$1 to $19.99 membership fee|
|Earnin||Cash advances up to $500|
Balance Shield alerts
Weekly prizes for saving money
|Utilizes GPS tracking (drains your battery and privacy)|
|Brigit||Cash advances up to $250|
|$9.99 subscription fee|
|Albert||Cash advances up to $250|
|$4 to $14 subscription fee|
If you want to improve your finances, here are five other apps that you might want to download today.
Using Floatme is a great option if you are trying to be more conscious of your finances. However, some of their competitors have better features and higher cash advances that you can take advantage of. Learn more about some of the alternatives to Floatme.
Do you want help with both budgeting and making it through to your next paycheck? Dave is the easy choice if you want some of the same features found on Floatme. They help you to organize your bills and make sure that you have enough money in your account to cover the cost.
One of the main benefits of using the Dave app is their cash advances. You can qualify for up to $200 in advance of your upcoming paycheck with no interest and no credit check. This is substantially more than the meager $50 offered by Floatme.
While Floatme helps to shield you from going into overdraft, Dave takes a different approach. When you utilize their Dave Banking, you will never have any overdraft fees. They also do not require any specific account minimums. Accessing your cash is easy with fee-free ATMs at more than 32,000 locations as part of the MoneyPass system.
Dave also helps users to build up their credit history. They have a partnership with LevelCredit for those who sign up for a subscription. This allows you to report your rent payments and utility payments to the credit bureaus to help boost your score.
Their monthly membership fees are also lower than those offered by Floatme. To access the many benefits of Dave, you will pay just $1 per month.
MoneyLion is another great app like Floatme. They offer a large cash advance to customers who utilize their services. They will float you $250 with no interest and no credit check just for using the app and linking your checking account. If you set up your direct deposits into a RoarMoney account or have a Credit Builder Plus membership, you can access up to $300 with their Instacash advances.
For those who want access to the higher Instacash advances, you might be considering banking with RoarMoney. MoneyLion is extremely transparent with the fees they charge for this service, and you’ll be pleasantly surprised at the price tag. They have just a $1 monthly administration fee which is waived if you sign up for a Credit Builder Plus membership.
One of the advantages of signing up for MoneyLion over Floatme is their investment option. You can begin to invest funds in a personalized portfolio based on your ideal risk tolerance. There are no account minimums or management fees for their investment component.
A lot of people sign up for their Credit Builder Plus account to help boost their credit score. For just $19.99 per month, you can borrow between $500 and $1,000 with APRs ranging from 5.99 percent to 29.99 percent. You will need to make on-time payments if you want to boost your credit score.
For more information on apps like MoneyLion, check out our other guide here.
If you are searching for apps like Floatme that allow for large cash advances, Earnin should be at the top of your list. Earnin allows you to access up to $100 per day or $500 per pay period. This is significantly more than the $50 allowed with Floatme.
One of the unique features of Earnin is their Balance Shield alerts. They will notify you when your bank balance drops below your set amount to keep you from going into overdraft. At the same time, they can also infuse your bank account with a cash advance to help pad your account until your next paycheck hits.
Earnin also helps you to save more money. They feature an FDIC-insured account known as Tip Yourself. When you are actively saving money, you can be entered to win weekly cash prizes to help flesh out that bank account a little faster.
The services with Earnin are completely free. They will prompt you to pay them an optional tip for their services, but this is completely up to you.
Unfortunately, you do have to keep your GPS tracking on in order to use Earnin. This can drain your battery life and compromise your privacy.
For those who want to start managing their money quickly, Brigit is a great alternative to Floatme. They boast more than three million members, and it takes just a couple of minutes to get set up with their app. In exchange for using their app, you can score hefty cash advances, help build credit, and save more money.
Brigit allows you to get a cash advance of up to $250 per pay period. They never check your credit or charge interest on the money you borrow from them. Hidden fees are a thing of the past, and you don’t even have to leave an optional tip for them.
This app also has a separate feature to help you build up your credit. By saving just $5 per month and making on-time payments, they advertise that your score can grow in just a few short weeks. Brigit claims that you can earn up to a 60-point credit score increase by using their system. They feature instant approval with no credit check required for this service.
Similar to many of the other apps like Floatme, Brigit also helps you to budget. They offer insights into your spending habits and help you to keep track of all your upcoming bills. This serves to help you find better ways to manage your budget.
Unfortunately, you will pay a $9.99 subscription fee to make use of these features.
Albert is another app you might want to consider using if you need help with budgeting, saving, and investing. When you shop with Albert, you can earn up to 20 percent cash back at the places where you shop the most. This is a nice incentive to get started using their app and earn a little money for spending you would do anyway.
Many people like to use Albert because they offer substantial cash advances on paychecks. You can borrow up to $250 per pay period. They never require a credit check or charge interest on the money you borrow.
Albert really helps you to better manage your money. They take a look at your current spending habits and your regular bills to help determine how much you should be saving each month. Once they determine the amount, they help you to automate your savings so that you never have to think about it again. You’ll automatically have the cash subtracted from your account so you can watch your savings grow.
Similar to MoneyLion, Albert also has an investment feature. You can choose your own stocks and themes or let one of their Geniuses choose for you. No matter which method you take to invest your funds, you can get started with as little as $1.
Many of these more advanced features are only available through their Albert Genius subscription service which ranges from $4 to $14 per month.
Finding the Right One for You
If you have been searching for apps like Floatme, these five alternatives will give you a great head start on managing your money. They will help you to budget, save, and prevent yourself from going into overdraft with large cash advances on your next paycheck. Consider downloading one of these apps today to start taking advantage of these great features!