Earnin
With Earnin, you connect the debit account where you receive your direct deposit. Earnin can give you an advance on your next paycheck based on wages youve already earned in the event of an emergency.
There are no interest fees, and the turnaround is relatively quick. Depending on your paycheck amounts, you can borrow up to $500 per month.
MoneyLion
MoneyLion is an all-in-one personal finance app very similar to Grain. MoneyLion provides you with a checking account and savings account.
Instead of offering a credit line, MoneyLion offers a low APR loan to help build your credit. MoneyLion also manages crypto investments for its users.
To gain access to credit building loans, members do have to pay a low monthly fee. All the other features are free of charge.
Just deposit your paychecks into the checking accounts, and MoneyLion will use this to determine the loan amount. These low-interest loans are great for building credit.
Brigit
Brigit is another app that is very similar to Earnin. It allows users access to emergency funds in the same way the Grain credit line does. Brigit also alerts you about upcoming payments and overdrafts.
Users connect Brigit to their most active bank account installment loans Oklahoma. Based on their deposit and spending history, users can obtain up to $250 per week interest-free. This loan is taken out of your next direct deposit on payday.
The amount you can borrow is based solely on your bank activity and not necessarily the amount of your paycheck. It helps to have a history of good spending habits and positive balances.
Brigit is completely free to download and there is no fee for the loan. You can find Brigit on the App Store and Google Play.
Possible Finance
Possible Finance is similar to Grain in the way that it provides a multi-purpose financial tool. With this app, you can gain access to emergency funds, improve your credit, and reclaim what was yours.
Possible can regain money for you that has been lost in unfair fees and other charges. You can gain access to up to $500 through a loan that can be paid back in installments.
The best part about Possible Finance is that there are no interest fees. The turnaround for the payment is usually one day or less.
There is a downside to Possible Finance. It has restrictions based on location as services are only available in certain states. Availability continues to expand as time goes on.
Chime
Chime is one of the original players in the online bank and finance management scene. They started with just a simple checking account and debit card but have remained competitive over the years by adding new features regularly.
Chime offers a credit building card that taps into the debit account. You simply transfer whatever youd like to spend into the credit builder account, and Chime “pays off” your credit charges each month.
Theres also a savings account built into the mix. You can make mobile deposits on checks, and if you get into a pinch, Chime can help.
The “Spot-Me” fee-free overdraft can loan you up to $100. Simply get your direct deposit sent to your Chime account.
Chime is completely free to use and download for all users. The checking account has no fees attached to it.
Self is a great app to help you build your credit. Like Grain, it provides a complete overview of your financial situation.
This app provides you with a look into your financial situation by giving you access to credit monitoring. You can keep track of your score and also receive tips on how to budget and save money.