Dave analyzes your financial health and a variety of data points to figure out how much you can advance without creating a potential overdraft when you pay it back.
With a direct deposit set up into your Dave spending account, you can get up to $200 advances or link your external bank account to Dave and get up to $100 advances.
Some of the factors include:
- Your anticipated income
- History of your deposits and transactions (at least 60 days)
- If you've paid back previous advances on time
- How much money you generally keep in your account
- If you’ve recently had a negative balance in your account
Depending on these factors and more, the amount you can get approved for may change each time you request an advance.