Let’s face it, apps like Chime have found their way into our lives, and as average Americans who fall victim to financial strain from time to time, they’re somewhat of a heaven-sent. Apps like Chime offer the opportunity to have a virtual bank account and access cash advances. If you’re shopping around for apps like Chime or want to know of some great alternatives to apps like Chime, you’ve come to just the right place.
What Are Apps Like Chime?
Apps like Chime aren’t actual banks but financial service providers offering employed individuals the opportunity to access future earnings a little early, for those more-month-than-money times of the year. Unfortunately, while apps like Chime are undoubtedly convenient, the offerings are often limited to small advance amounts with short repayment terms. And, of course, if you’re not traditionally employed, you may struggle to get approved for an advance – but this depends on each app. Big Buck Loans offers a loan-finder service that provides exceptional alternatives to apps like Chime with more flexible loan amounts and terms and options for bad credit borrowers and those who aren’t traditionally employed.
How Do Bank Apps Like Chime Work?
Bank apps like Chime have a simple approach to cash advances. The borrower simply downloads the app and registers for an account. Information on your employment will need to be provided. Bank apps like Chime will allow borrowers to get a portion of their earnings ahead of time. This is ideal for covering an unexpected expense, emergency, or paying for something when finances are tight. When the borrower’s salary is paid, the advance is repaid. As you can tell, bank apps like Chime work quite differently from using a loan-finder service that connects you with a borrower offering flexible loan amounts and terms, allowing more time to repay the loan amount comfortably.
How Much Do Bank Apps Like Chime Cost?
Bank apps like Chime often don’t charge account fees, ATM fees or service charges. Instead, they make money from the merchants where the Chime card is used. That said, there is a limit to the amount of cash you can access through Chime, which can be frustrating. In comparison, using bank apps like Chime alternatives like Big Buck Loans, for instance, may result in interest charges but you’ll have access to more loan options.
Key Features Of Banking Apps Like Chime
When choosing Big Buck Loans as an alternative to banking apps like Chime, you can expect the loan offers available to have various key features. These key features are as follows:
Banking Apps Like Chime Offer Flexible Amounts & Terms
If you’re using banking apps like Chime alternatives such as Big Buck Loans, you’ll get more flexibility in terms of loan amounts and repayment options. For example, at Big Buck Loans, the lenders on our panel offer loans between $100 and $5000 with 3 months to 24 months to pay. With apps, it depends on the app you’re using.
Online Banking Apps Like Chime Offer Quick, Convenient Access to Cash
It goes without saying that people opt for using Chime and online banking apps like Chime because of the convenience involved. After all, the application takes just a few minutes, and once approved, access to services is pretty quick too. When choosing Big Buck Loans as your alternative to an app, you’ll find the application equally convenient, and access to flexible loan amounts lightning fast.
Online Banking Apps Like Chime Ensure Transparent Lending
If you’re looking for transparency, you’ll find it here at Big Buck Loans, as all the lenders on our panel are accredited and certified. You can expect similar peace of mind with online banking apps like Chime. Most apps are established and run by ethical financial technology companies or financial institutions.
Mobile Banking Apps Like Chime Present High APRs
Mobile banking apps like Chime often don’t charge APRs, but they can come with subscription fees or service fees. Using a loan finder provides more stability in terms of knowing what to expect in terms of fees. For instance, APRs via our platform is 5.99% to 35.99%.
Advantages And Disadvantages Of Other Apps Like Chime Alternatives
Advantages of Apps Like Chime Bank Alternatives
- Quick access to cash
- Flexible loan amounts and terms
- No time-consuming paperwork
Disadvantages of the Best Apps Like Chime Alternatives
- Can be expensive
Am I Eligible For Alternatives To Chime Like Apps? Information Required To Apply
- You need to be at least 18 years old
- Working for 3+ months, earning $1000+ per month
- Legal citizen/resident of the USA
How To Apply For Apps Like Dave That Work With Chime – 4 Quick Steps
If you choose to use cash advance apps like Dave that work with Chime, you must download the app from your mobile app store and register your details. If your account is approved, more information will be provided in the app. Apps like Dave that work with Chime are undoubtedly convenient to apply for, just like the process at Big Buck Loans or other viable alternatives. Below are four quick steps to apply with our lenders at Big Buck Loans.
Step 1: Select the Amount & Term You Need
Big Buck Loans presents loans ranging from $100 to $5000 with 3 to 24 months to pay. Make your selection and move onto the next step.
Step 2: Fill Out the Application Form Online
Access the application form on our website (top right-hand side of the screen) and complete it with your personal particulars. When you’re ready, submit the form.
Step 3: Wait 2 Minutes for Feedback
Within 2 minutes of hitting the submit button, you’ll hear back from the automated system. If a lender can assist, you’ll need to proceed with setting the loan contract in place. It’s important to read through the contract and ensure you fully understand it before returning the signed copy to the lender.
Step 4: Receive the Cash
Once the contract is signed and returned to the lender, the loan is set in place, and the funds can be released. This all happens in a short space of time, so you won’t be kept waiting around for the cash you need.
Best Alternatives To Apps Like Earnin That Work With Chime
If you’ve been investigating apps, you may be interested in Earnin. Apps like Earnin that work with Chime aren’t your only option, though. Some of the best alternatives to apps like Earnin that work with chime are listed below.
Payday Loans with Vivapaydayloans.com
Payday loans available Viva Payday Loans are viable alternatives to many of the cash advance apps out there. These loans work similarly in that they’re available in small amounts and can be repaid by your next payday. You can apply in a matter of minutes and expect to receive $100 to $2000 (or even up to $5000 if you require more) made available to you. The size of the payday loan available to you will depend on your current earnings and affordability.
Personal Loans with Vivapaydayloans.com
Apps like Dave that Support Chime don’t always offer flexibility when it comes to loan amounts and terms. Unlike apps like Dave that support Chime, personal loans via Viva Payday Loans are designed to offer flexibility. They’re available between $100 and $5000 and come with 3 to 24 months to pay. Interest is set at 5.99% to 35.99%, and the lender granting the loan will set up a debit order to ensure your loan is repaid on time. Repayments can be done weekly, fortnightly, or monthly. An affordability assessment (income vs. expenses) will be done to ensure you afford the loan you apply for.
What App is Better Than Chime?
There are many apps online that offer virtual bank accounts, cards, and cash advances similar to Chime. But, if you’re looking for more options with higher loan amounts and flexible repayment terms, using a loan-finder site such as Big Buck Loans is potentially better.
What Apps Let You Borrow with Chime?
Some loan companies and cash advance providers require borrowers to have a US-based bank account that accepts direct deposit. The good news is that if you have a Chime account and wish to get a loan via Big Buck Loans or viable alternatives, you can rest assured that Chime will be accepted, as Chime accounts now accept direct deposits.
What Payday Loan Apps Accept Chime Account Holders?
Apps like Chime or lenders offering cash advances and loans that accept Chime account holders include Dave, Big Buck Loans, to name a few.
Does Earnin Work with Chime?
Unfortunately, Earning is not able to support Chime users. This is because Chime allows users to get a cash advance based on their paycheck at least two days prior to the expected payday. This means that Earnin can’t define fixed paydays for Chime users. If you’re struggling to come up with a cash advance solution because you’re a Chime account holder, it’s time to consider alternative borrowing options, such as applying for a loan with a loan-finder service. At Big Buck Loans you can apply just once and have your application considered by a selection of leading short term loan providers.
What’s the Best Alternative to a Cash Advance with Chime?
If you’re looking for an alternative to the Chime app, a loan-finder may be just what you need. Loan-finders such as Big Buck Loans connect borrowers with lenders offering loans between $100 and $5000 with 3 to 24 months to pay. The flexible loan amounts and terms alone are more than reason enough to choose Big Buck Loans as a viable alternative.
What Loan Finder Apps Like Chime Offer the Highest Cash Advance Amounts?
When using apps like Chime for a cash advance on your salary, you will only be able to access a portion of your salary. This can often be limited. When using a Loan-finder such as Big Buck Loans, you’ll have access to higher loan amounts, and of course, unlike apps like Chime, you won’t have to pay the entire amount back on your next payday! You’ll get 3 to 24 months to pay, depending on the final loan amount.
What Are the Eligibility Requirements if I Choose a Loan-Finder Instead of Using Apps Like Chime?
If you choose to use a loan-finder site, you’ll need to be at least 18 years old, prove you can afford the loan (comparison of your income vs. expenses), and be a legal citizen/resident of the USA. You will also need to provide supporting documents, including a copy of your ID, proof of address, and your last three payslips/bank statements).
Does Chime Charge Interest on their Cash Advances?
Yes, Chime charges interest on loans acquired through their service. If you apply for $100 on the Chime platform, you’ll incur a 5% interest charge. If you apply for a higher amount, you’ll pay more interest. With a loan-finder service, you can apply for a higher loan amount that comes with set interest. The lender determines the interest rate between 5.99% and 35.99%.
What are the Cons of Using Apps Like Chime?
If you’re using a cash advance app like Chime, you’re at risk of being turned down, as not everyone is eligible for a Chime account and their payday advances. That said, Chime may not charge fees, but they charge interest on loans and offer limited cash advances. With a loan-finder site, you can loan more and repay the amount over a longer period of time.
Do Payday Advance Apps Like Chime Check Your Credit Score?
You won’t have to undergo a credit check to open a Chime account and get a debit card. Debit cards are funded by the user and don’t have access to a line of credit and therefore don’t require a credit check. Much the same, when using a loan-finder such as Big Buck Loans, lenders consider the loan’s affordability instead of basing their decision purely on credit score.