Branch
Why Branch is unique: In addition to allowing you to request cash advances for hours already worked, Branch provides fee-free bank accounts, debit cards, and ATM withdrawals at over 40,000 locations.
Eligibility criteria — To be eligible for a cash advance through Branch Pay, you must have at least two months of direct payments from the same job. Each deposit must be more than $40 and made into the same bank account at a participating bank.
Limits on cash advances —
The sum of money you can request for coins enhance is decided with the aid of using factors: your financial institution account direct deposit records and what sort of you spend on the subject of what you earn. Branch claims that your coins enhance restriction below while you, first of all, begin the usage of the app. However, as you operate the app and go back to your advances, your restrict might also additionally grow.
Costs and interest — Branch does not charge interest on cash advances, and its fees vary depending on how the money is received. When money is sent to your Branch debit card, you can enjoy “immediate” access for free. Standard delivery to an external bank account or debit card is similarly free and should take three days. However, if you want your money transferred to another bank account or debit card immediately soon, Branch will charge you a fee ranging from $2.99 to $4.99, depending on the amount transferred.
