MoneyLion is one of the more well-known payday advance apps on the market
Brigit has an option to notify you online title loans Minnesota if your account balance is running low, so you can request an advance if you need it. You can also set up automated advances to receive a transfer anytime your account balance is in danger of dropping below zero to avoid bank overdraft fees. However, this perk comes with a $10 monthly fee.
7. MoneyLion
MoneyLion continues to slip down the rankings because they continually increase their prices to access advanced features. MoneyLion does have a free option, but the benefits are limited. With the free membership you receive:
- Zero Fee Checking
- Zero Fee Managed Investing
- Free Credit Monitoring
- Free Fraud Protection
- Cash Back Rewards
The paid option of the app is called the MoneyLion Plus membership. You receive all the features mentioned above, plus an additional benefit of a low-interest credit builder loan.
These credit builder loans are set up, so you are protected from going further into debt because you only borrow the money you can pay back. You can borrow up to $500 with instant approval and pay it back over a set period. Also, the 5.99% APR isn’t very high considering the payday loan company rival rates.
8. FlexWage
Flexwage utilizes the more familiar debit card option as a way to access your money. Continue Reading
