Dave has a $1 per month membership fee to access our account monitoring, notification services, budgeting and to maintain a connection to your external bank account. The Dave membership renews monthly, on the same date that you started the membership.

Dave is a low-cost banking app that offers customers fee-free checking as well as up to $500 in interest-free advances. All you do have to pay is your $1/month membership fee. In addition, when you connect your external debit card to the Dave app, it will automatically create a budget for you.

Dave app advance amounts, fees and repayment terms Subscription fee: $1. Optional fast-funding fee: $1.99 to $13.99. Optional tip: Up to 25% of the amount borrowed.

Why the $1 a month fee? Each time we connect to your bank account, send balance updates, and text you about overdraft danger, we get charged fees. Your membership fee helps us offset those costs.

The Dave app will never take more money than is in a user's account, the company says. Instead, if your balance is lower than the amount owed on your due date the company will withdraw whatever amount is available.

Follow these simple steps to close your Dave account

1. Make sure you are logged in to the account.
2. Go to “Settings”.
3. Tap “Edit profile”.
4. Find “Close my Dave Account”.
5. Pick a reason you want to close the account.
6. Confirm closure.

The Dave Spending Account is FDIC-insured through Evolve Bank & Trust. Up to $250,000 is safe in an individual bank account. Customers have access to 37,000 surcharge-free ATMs through the MoneyPass ATM network. Customer service is available through live chat in the app 24/7.

Get up to $500 in 5 minutes or less¹ You could get approved as soon as you connect a bank account (ahem, in 5 minutes or less). Once you're approved, you have options when it comes to how much you take. We aim for amounts you can pay back without setting you back.

If you don't repay it on time, Dave may automatically charge your bank account - and you'll be on the hook for any overdraft fees that come from your bank if the charge puts you in the red. You also won't be able to get another advance until you fully repay the first one.

Dave will automatically deduct the payment from your bank account on your next payday or on the nearest Friday to when you took the advance. If your account doesn't have enough money it will take partial amounts until the debt is settled.

No credit check and no interest! Get up to $500 instantly (1) with ExtraCash™ from Dave. There's no interest, credit check, or late fees.

$500 Dave app advance amounts, fees and repayment terms