The Dave banking app was created to help members predict and avoid overdraft fees, potentially saving you quite a bit of money per year. The app also lets you receive your paycheck up to two day earlier than normal, build your credit history and get up to $200 advances without paying interest. For more on what they have to offer, continue reading!
For more current offers, see our bank bonuses page. Popular offers can be had from banks like Chase Bank, HSBC Bank, TD Bank, Aspiration and many more.
Dave Banking App Features
The Dave Banking app was created to help people avoid their bank overdraft fees. What this means is that the app will alert you when your account balance is now and lets you take out cash advances, up to $200, to cover expenses in the near future.
The small loans provided by Dave don’t have any interest, rather they ask for “tips”. It is completely optional, and the amount is up to you. Payment for the cash advance is due either the following Friday or on your next payday, depending on how much you borrow.
If you need to, you can contact customer service to change your repayment date.
To be eligible, you must have a paycheck that you direct deposit into a bank account, link that bank account to Dave, and you must show that your paycheck amount covers your bills every month, and then some.
Other Dave features include:
- No credit checks
- FDIC-insured spending account with debit card
- Paychecks up to 2 days early
- Budgeting tools
- Credit-building, by reporting rent & utility payments (normally $100/year)
- Income-generating side gigs in your area
Dave also donates a percentage of their tips to charity partners, such as Trees for the Future and Feeding America.
Dave Banking App Fees
With the Dave Banking app, they charge a $1 monthly fee to use their app, which is automatically deducted from your linked bank account. This cost can actually be waived on a month-to-month basis if you shop at partner retailers, and you can pause the service (and monthly fee) at any time.
All other fees are optional, including:
- The express fee that lets you receive funds within 8 hours instead of the standard 1 to 3 days ($1.99 to $5.99)
- Tips (up to 20% of the amount you borrowed).
There is also no minimum balance fee, no overdraft fees, and members have access to over 32,000 fee-free Money Pass ATMs nationwide.
Current Dave Promotions
$5 Welcome Bonus
Dave is offering a promotion to get $5 Welcome Bonus to those who use a referral link to download the app and make an account. This is a great way to make extra savings!
We currently do not have a referral link/code, please feel free to leave yours in the comment section below.
- Promotion: $5 Welcome Bonus
- Expiration: Unknown
- Availability: Dave
- How to get it:
- Sign up with Dave using a referral link.
- There is no minimum deposit required
- Your reward will post within 24 hours of account approval
- Terms & Conditions: New customers only. Terms and conditions may apply.
(Click to learn more at Dave)
Get $5, Gift $5 Referral Program
If you’re loving the Dave Banking app then refer your friends and family to this amazing platform. For a limited time, they are offering a Get $5, Gift $5 Referral Program for new members that you refer.
We currently do not have a referral link/code, please feel free to leave yours in the comment section below.
- Promotion: Get $5, Gift $5 Referral Program
- Expiration: Unknown
- Availability: Dave
- How to get it:
- Refer new members using our unique referral link.
- They must go through the same sign up as you did.
- Terms & Conditions: New customers only. Terms and conditions may apply.
(Click to learn more at Dave)
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Bottom Line
Dave is one of the most innovative banking apps out in the market because it helps members avoid their overdraft fees by providing cash advances of up to $200. There is a small $1 monthly fee, no interest and no hidden fees. This platform is a great option for those who want to earn a steady paycheck, and if you may need a few extra dollars sometimes to cover unexpected expenses.
If you are looking for another mobile banking service, consider Chime, check it out here on HMB!
Hey! For a limited time, Dave is giving new qualified members $15 to take their first advance up to $250 to spend on anything you choose. Open a Dave Spending account to claim your reward: https://dave.com/invite-a-friend/get-15-gift-15/bc743eef