Great question! Details related to the $250 advance is provided below.
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 recurring income of $1000 or more per month (both external accounts and Dave Spending accounts can be eligible), you may be able to qualify for up to $250 advances!
Some other factors include:
- 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.
*This information pertains exclusively to members selected to participate in our Advance Pilot program. Qualified members have been selected at random.