Dave Disclosures
Designed by Dave, not a bank. Evolve Bank & Trust, Member FDIC, holds all deposits and issues the Dave Debit Card, pursuant to a license from Mastercard®.
General Terms
| Account | Disclaimer |
|---|---|
| Dave Spending Account | For a complete list of terms and fees for the Dave Spending account see the Deposit Account Agreement. |
| Dave Goals Account | For a complete list of terms and fees for the Goals account, see the Goals Account Agreement. |
| Dave ExtraCash™ Account | For a complete list of terms and fees for the ExtraCash™ account, see the ExtraCash™ Account Agreement. |
Disclosures related to the Dave Extra Cash Account
| Service | Disclosure |
|---|---|
| Up to $500 ExtraCash™ Advances within 5 minutes or less | Based on internal data as of March 30, 2023, for users who had connected an external bank account and transferred an advance to their Dave Spending Account. ExtraCash™ is a DDA account with overdraft utility, advances are subject to eligibility requirements and identity verification. Taking an ExtraCash™ advance will make your account balance negative. Express delivery fees apply to instant transfers. As of January 18, 2023, most customers receive an advance of $160 or more. See the ExtraCash™ Account Agreement for more details. |
| Instant Delivery | Dave charges an express delivery fee based on how much money you advance with ExtraCash™. Express delivery fees range from $1.99-$9.99 for instant transfers to a Dave Spending account and $2.99-$13.99 for instant transfers to an external debit card. For a more detailed breakdown on Dave’s express delivery fees, visit the fee schedule table in the ExtraCash™ Account Agreement. |
| ExtraCash™ Advance Settlement | Dave attempts to schedule your settlement date on the date of your next paycheck.If no direct deposit is detected, the settlement date will be set for the nearest Friday. This may result in a scheduled settlement less than 24 hours from when you take your advance. |
| Credit Builder | Dave reports your advance settlements to Equifax on a monthly cycle. It may take up to 2 cycles for this activity to be reflected in your credit history with Equifax. Your credit may be negatively impacted if your advance is not settled on time. Terms apply, see the Extra Cash Account Agreement for more details. |
Disclosures related to the Dave App
| Service | Disclosure |
|---|---|
| Early Payday | Early access to direct deposit funds depends on timing and availability of the payroll files sent from your employer. These funds can be made available up to 2 days in advance. |
| No ATM Fees | No ATM fees within Dave’s network of 32,000+ ATMs. Out of network fees apply. The Dave debit Mastercard® is accepted everywhere a Mastercard debit card is accepted. Foreign transaction fees apply. |
| Dave Rewards | Rewards are not offered by Evolve Bank & Trust, but instead are offered and managed by Dave Operating LLC., in partnership with Figg. For full terms, see Dave Terms of Use. |
| Dave Surveys (Side Hustle) | Earnings may vary depending on eligibility and availability. |