If you’re going to use a paycheck advance app, choose the one that best aligns with your needs (and will cost you the least amount of money).
Fees: Paycheck advance apps can charge a lot of fees, which are often confusing. In particular, pay attention to expedited advance fees, monthly subscription fees and optional tips. If it does ask for a tip, you can save money on fees by skipping it.
Eligibility requirements: You may not be eligible if you have a non-traditional job or income source.
Funding timelines: If you don’t want to pay an extra fee, pick the app that can provide the fastest no-fee advance.
App user ratings: Read user ratings on Google Play or the App Store. These can help you get a feel for the overall customer experience.
Lawsuits and controversies: Tread lightly when considering an app that’s been involved in a lawsuit. While not a guarantee, a lawsuit could point toward predatory lending.
Advance amounts: Some apps offer higher advances than others. Keep in mind that, depending on your income, you might not qualify for the maximum advance amount right away.