FloatMe cash app review: Cash advances for members

Written by: Jacqueline DeMarco
• Updated •1 min read
This date may not reflect recent changes in individual terms.
Young man using a phone while sitting in the parkImage: Young man using a phone while sitting in the park

In a Nutshell

FloatMe is a cash advance app that lets people borrow up to $50 in between paychecks. There’s no credit check or interest, and you can get the cash you need in just a few minutes. But to use the FloatMe app you’ll have to pay a membership fee.
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Who is a FloatMe loan good for?

If you need to borrow less than $50 to help make ends meet between paychecks, using the FloatMe app could help you get the cash you need — quickly. And it might be a less expensive alternative than turning to a payday loan.

But if you don’t want to pay the monthly membership fee or you’re looking for a loan than can help you build up your credit history, you might want to look elsewhere.

If you find yourself turning to a cash advance regularly to help make ends meet, it might be a good idea to take look at your monthly budget.

*Approval Odds are not a guarantee of approval. Credit Karma determines Approval Odds by comparing your credit profile to other Credit Karma members who were approved for the personal loan, or whether you meet certain criteria determined by the lender. Of course, there’s no such thing as a sure thing, but knowing your Approval Odds may help you narrow down your choices. For example, you may not be approved because you don’t meet the lender’s “ability to pay standard” after they verify your income and employment; or, you already have the maximum number of accounts with that specific lender.

About the author: Jacqueline DeMarco is a freelance writer based in southern California who graduated from the University of California Irvine with a degree in literary journalism. She writes about a wide range of topics, including fin… Read more.