How the ExtraCash™ account works
Wondering how you can get up to $500 with no credit check or interest—and pay it back with no late fees? Here’s what you need to know.
Open an ExtraCash™ account
See how much of an ExtraCash™ advance you qualify for with no credit check. Just download the Dave app, link your bank account to see if you’re eligible for an advance, and then open an ExtraCash™ account. We’ll ask you a few basic questions along the way.
Get up to $500 in 5 minutes or less¹
You could qualify as soon as you connect a bank account (ahem, in 5 minutes or less). Once eligible, you have options when it comes to how much you take. We aim for amounts you can pay back without setting you back. And check the app often—your eligibility refreshes daily at midnight.
Confirm your settlement
When you transfer the money, your ExtraCash™ account balance becomes negative. Your settlement date is the day you agree to bring your ExtraCash™ account balance back to $0.
Settle your balance
On your settlement date, we automatically pay back the advance (plus express fees and optional tips) using your connected bank accounts based on your available funds. This brings your negative account balance to $0. If you can’t pay the full balance, we run partial settlements instead. We don’t charge interest or late fees, so settling up won’t come with surprises.
Tip: To ensure your settlement runs smoothly, don’t disconnect or change your connected bank account information between the time you request an advance and your settlement date.
Get ready for more money
Your settlement can take 1–3 business days to post to your ExtraCash™ account. Once it does and your balance is $0 (or above), the “cool-off period” ends and you can try for another advance.
