Dave Review
Comprehensive review and analysis of Dave's digital banking services
Quick Facts
- Founded
- 2016
- Head Office
- United States
- Active Customers
- 10+ million
- Total Funding
- $500 million
- Employees
- 400+
- App Store Rating
- 4.5/5
Pros & Cons
Pros
- No-interest cash advances
- No monthly fees
- Budgeting tools
- Side hustle opportunities
- Credit building features
- Early direct deposit
Cons
- Cash advance limits
- Membership fee
- Limited banking features
- US-only availability
Supported Countries
- United States
Fees
- Membership $1/month
- ExtraCash™ Advance No interest, optional tips
- ATM Withdrawals Free at 32,000+ MoneyPass ATMs
- Express Delivery Optional fee for instant advances
- Foreign Transactions Standard Mastercard fees
Overview
Dave has revolutionized banking since 2016 by focusing on financial wellness and helping customers avoid overdraft fees. Their platform combines essential banking services with innovative features like interest-free cash advances and budgeting tools.
Key Features
Banking Services
- Checking account
- Dave debit card
- Direct deposit
- Mobile banking
- Bill management
- ATM access
Cash Advances
- ExtraCash™ advances
- No interest charges
- Quick approval
- Flexible repayment
- Optional express delivery
- Credit score independent
Financial Tools
- Budgeting features
- Expense tracking
- Bill predictions
- Income analysis
- Savings goals
- Side hustle finder
Additional Services
- Credit building
- Side hustle platform
- Early direct deposit
- Automated savings
- Rewards program
- Financial insights
Security Features
- Bank-level encryption
- Two-factor authentication
- Transaction monitoring
- Fraud detection
- Device management
- Instant card freeze
Customer Support
- In-app chat
- Email support
- Phone assistance
- Help center
- Video guides
- Social media
Verdict
Dave excels in providing financial wellness tools and no-interest cash advances. Their combination of banking services and financial assistance makes them particularly valuable for users looking to avoid overdraft fees and build better financial habits.
While the platform has a small monthly membership fee and cash advance limits, it offers excellent value through its no-interest advances and budgeting tools. The main limitations are the US-only availability and basic banking features, but for American users seeking financial wellness tools and cash advance options, Dave provides an excellent solution.