Dave analyzes your financial health and a variety of data points to figure out how much you can advance without creating a potential overdraft in your account when you pay it back.
With Direct Deposit set up into your Dave Spending account, you can request up to $200 advances or up to $100 advances with a linked external bank account to Dave.
Some of the factors include:
- Your anticipated income
- If previous advances have been paid on time
- How much money is kept in your account
- Recent negative balances
- History of deposits and transactions
(at least 60 days)
Depending on these factors and more, the amount you can get approved for may change each time you request an advance.