Investment Apps and Websites

Twine App Review: An Online Savings and Investment Tool For Couples

With this Twine app review, you will see how this online savings and investing tool can help couples work towards their joint financial goals.

Twine App Review: An Online Savings and Investment Tool For Couples

While there are a lot of factors that affect couples and other relationships in general, money matters definitely play a huge part.

In fact, according to the 2014 American Psychological Association (APA) Stress in America survey, “almost a third of adults with partners (31 percent) reported that money is a major source of conflict in their relationship.”

More so, another study by APA entitled, “For Richer, for Poorer: Money as a Topic of Marital Conflict in the Home. Family Relations” backed those survey findings. In this study, they found that “couples’ arguments about money tend to be more intense, more problematic and more likely to remain unresolved.

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However, no matter what, still, there are lots of couples who try to manage their finances together.

In fact, a 2019 survey conducted by Policygenius, an online insurance marketplace, found that the majority (78%) of American adults in relationships keep and manage their finances with their partner.

It’s probably safe to say that at least the majority of American couples still believe in teamwork among them. Better yet, at least they are still willing to try and see for themselves if they can work on reaching their joint financial goals.

Sure, the ride won’t be easy, but at least the will to try is there, right?

Anyway, if you are one of those couples, then, we’ve got good news for you!

There are tools out there that are specifically designed to help couples work towards their financial goals (which could be a dream vacation with the family, a wedding, your child’s first birthday, a house, a new car, etc) — and one of them is the Twine app.

It’s a savings and investing app that was created by life insurance giant, John Hancock. The app allows couples to set up automated savings in a high-yield account, or to invest in different portfolios.

In the next sections, we are going to know more about the Twine app, and hopefully, in the end, be able to gauge if this tool is perfect for you and your partner.

In particular, this Twine app review will focus on providing answers to the following questions:

  • What is Twine App?
  • Who is Twine App best for?
  • What does Twine App offer?
  • How does Twine App work?
  • Are there fees involved?
  • Is Twine App safe?
  • What to like about Twine App?
  • What not to like about Twine App?


Twine is a mobile application that was established in 2014 and is specially designed for couples who want to work on reaching a joint financial goal.

Designed and created by life insurance giant, John Hancock, Twine gives users access to both a savings account and an investment account.

By using the Twine app, couples can set up specific savings and investment goals and turn on automated transfers to make them real.

To know more about Twine based on user experience, here’s an insightful report from CGTN America:

Unlike a typical joint account, this app allows couples to keep separate accounts. What happens is by automating Twine, the app gets to pool funds together to help reach the couple’s financial goals.

It’s actually a unique feature in the current automated savings app landscape since most apps support only one user.

Twine app offers a cash savings account that allows account holders to earn a fairly competitive variable interest rate. Currently, the rate is about 100 times what consumers get at big traditional banks. However, the rate is about half of what you can get from top online savings accounts out there. Nevertheless, still a good rate.

Furthermore, on the investment part, Twine uses low-cost exchange-traded funds (ETFs) to helps customers grow their money at low costs.

Once you’ve set up your account, you will see a recommended portfolio, which is based on your personal goals and risk tolerance as a couple.

Twine is powered by John Hancock, one of the top financial institutions for insurance and investment. It is a big, trustworthy, and reliable company that offers insured accounts, including the ones offered via Twine.

All cash accounts are insured by the Federal Deposit Insurance Corporation (FDIC) for up to $250,000, while invested accounts are insured by the Securities Investor Protection Corporation (SIPC) for up to $500,000.


Obviously, the Twine app is best for couples who want to work on a joint financial goal, at the same time, be able to keep separate accounts.

The app offers savings and investment products, which makes it easier to save money to be able to fund future activities or purchases.

Since everything is automated, the app should appeal to couples who want to keep a joint savings and investment account sans the hassle of having to do everything manually.

Twine app is all-digital, which means it’s a good option for couples who want to manage finances online and does not want to be bothered going to physical branch locations like what traditional banks require.

In addition, Twine is also best for people who want to start with a small amount to save since the app’s savings feature is free and has no minimum charge for investing.


As mentioned, Twine offers both savings and investment accounts.

The Twine savings account pays a fairly competitive rate, which currently is at 1.05% annually. This is a variable rate, which means it can change anytime with market interest rates.

If you think about it, the majority of savings apps do not offer interest. Meanwhile, the largest banks in the country offer very low interest. So, if compared, sure there are other online savings accounts that offer higher rates, but Twine savings account is definitely something worth having as well, and the rate still helps make it more appealing.

The Twine app savings account is FDIC-insured under John Hancock, which means all deposits are insured for up to $250,000 per depositor in the event of a bank failure.

To get started with a Twine savings account, you need at least a $5 initial deposit.

Meanwhile, the Twine app also offers an investment account. The account is available as soon as your balance hits $5.

Basically, this account puts your money into one of three portfolios that are made up of low-cost ETFs.

The portfolio, which could be aggressive, moderate, or conservative will be based on several factors like your age, current savings, as well as your willingness to take risks.

Similar to the Twine savings account, the app’s investment offering is also insured. Twine investment accounts are insured by the SIPC for up to $500,000.

Additionally, it is important to know that, unlike other traditional advisory firms, Twine does not require any minimum account balance or even make minimum deposit amounts. It’s all up to you and your partner how much you want to save and invest.


Now that you already know what Twine is all about and what it has to offer, in this part of our Twine app review, we are going to talk about how to actually get started with it.

To begin with, setting up an account with Twine is quick and easy. You basically just have to go to the Twine website, and then click the Get Started button.

You will then be asked to provide your email address and your preferred password. Then, you will get to access the account pages.

You will need to connect your bank account to your Twine account to be able to set up a recurring savings deposit. It does not matter how much you want to deposit and how often. It’s all up to you and your partner, of course.

For instance, if you are saving up for a house or for your wedding, you and your partner can opt to set up a deposit of $100 every week or $500 monthly. Again, it’s all up to you.

The rule applies if you opt to start an investment account. You can pick investment goals from a laundry of list or you can opt to choose custom goals.

Remember that each goal generates a conservative, moderate, or aggressive portfolio based on your answers to questions on risk tolerance, asset level, holding periods, as well as other personal information.

By the way, once you are done setting up your Twine account, you can simply “Invite” your partner to join the account with you. All your partner needs to do is download the app, connect their bank account, and similarly, set up a recurring payment of their own as well.

What’s nice about using the Twine app is that it allows the users to change, pause, or cancel savings at any time. You and your partner can also make one-time transfers, as well as set up one or multiple goals.

More so, you get to decide what specifically you want to invest or save money for.

Also, since the app lets you set up your recurring transfers, it makes things so much easier. Needless to say, you don’t have to worry about inconsistencies and missing a week or a month when you’re supposed to deposit your preferred amount.

Withdrawals from your Twine account can be requested with just a few clicks on the account interface. However, the funds may be available within seven to ten business days.

The process is quite slow as compared to the industry average.

It is important to know that individual account holders cannot use margin or borrow from their Twine account. Also, the platform does not offer banking services.

Mobile Access

Unfortunately, the Twine app is currently available for iOS devices only. Yes, you read it right. So sorry for Android users, this app is not available to you. But, who knows, maybe Twine is already working on that. Let’s hope for the best.

Meanwhile, Android (and even iOS) users may opt to use Twine on the web through a browser for now.

Customer Support

Twine website has an FAQ page wherein customers get to find answers to some of the most commonly asked questions about the app and what it has to offer.

However, in case you need assistance, Twine has a support link that leads customers to a Twine Support Center applet. Additionally, there are also available live chat links.

On the FAQ page, you will also find a phone number as well as an email address. There is also a Contact Us page that is linked to the form entry page.

For phone customer support, you may reach them between 9 a.m. and 5 p.m., Monday through Friday.

Again, Twine does not have a physical branch location like traditional banks so if you have concerns about your account, you only have the above-mentioned options to choose from to get to reach help from Twine.


Unfortunately, using the Twine app is not for free. However, the cost is low as compared to other financial apps out there.

For the Twine savings account, there are no monthly costs or fees. The savings account is actually managed by a well-known third-party processor called Apex. Apex may charge fees for less-common activities like paper statements, wire transfers, as well as overdrafts.

Meanwhile, Twine’s investment feature costs $0.25 per month for every $500 invested or 0.60% without minimums.

While others may find the 0.60% higher as compared to fees charged by other investment apps out there, the lack of a minimum makes the app more competitive and appealing for users especially the ones with low balances.


Twine app offers an easy-to-read, mobile-ready website as well as an iOS mobile application that features enhances account management features.

As mentioned, currently, the app is not available for Android devices.

Twine understands the importance of data and account safety and security. Thus, the app in particular provides biometric as well as two-factor authentication to avoid a data breach.

Just so you know, the same amount of security is in place on Twine’s website.

As mentioned, both savings accounts and investment accounts are insured by the FDIC and the SIPC, respectively. So, in case of a bank failure, you either get as much as $250,000 for the savings account or $500,000 for investment accounts.


In this section, you will find a summary of the things that stand out for us about the Twine app, which includes the following:

  • Easy Account Set-up Process – To set up a Twine account, you may either opt to do it online or mobile. Nevertheless, whichever you choose, the overall account setup process is quick and easy.
  • Savings Account Earns Interest – Although not the best of all, it is nice knowing that Twine savings account lets customers earn a little more from their money.
  • Owned by John Hancock – John Hancock is the maker of Twine, which is one of the top financial institutions for insurance and investment, and has been in the business for over a hundred years.
  • No Fees for Savings – The Twine savings account does not charge monthly fees.
  • Automated Joint Savings – With Twine, couples can work on achieving their financial goals without having to worry about keeping up because everything is automated.
  • FDIC-Insured – Through John Hancock, all savings deposits are insured for up to $250,000 per depositor in case the bank fails.
  • SIPC-Insured – Apart from savings, investment accounts are also insured via SIPC. All investments are insured for up to $500,000.


To complete our review on the Twine app, listed below are some of the things to not like about it or something that the company could work on in the future:

  • Interest Rate at Online Banks is Higher – Although what Twine savings offer is quite reasonable and fairly competitive, some online banks still offer higher rates.
  • Not Available for Android Devices – Unfortunately, the Twine app is only available for iOS devices at the moment. If you are an Android user but want to take advantage of what it has to offer, you may open an account via its website instead.
  • Lower Fees Elsewhere – Twine charges a 0.60% investment account fee. While it is competitive, you can still find lower rates offered by other online financial platforms out there.


Twine is a mobile application that focuses on helping couples work towards their joint financial goals. It offers both savings and investing tools that offer reasonable, fairly competitive rates.

The financial app is powered by one of the leading insurance and investment companies, John Hancock, which makes it more trustworthy and reliable.

While the app has its share of highs and lows, what we like the most is the fact that it helps couples achieve certain goals, at the same time, be able to keep individual bank accounts. Don’t you just love that, too?

With this Twine app review, we hope you are able to see and gauge for yourself if this tool will be beneficial for you and your partner especially in achieving joint financial goals.

Mobile Banking

BMO Harris Bank Review: Full-Service Banking And Accessibility In One

If you are looking for a full-service bank that comes with mobile access and a wide selection of banking products and services, then, this BMO Harris Bank review is perfect for you.

BMO Harris Bank Review: Full-Service Banking And Accessibility In One

In an article entitled, The Mobile Banking and Payment Revolution, which was written by Sunil Gupta, the Edward W. Carter Professor of Business Administration and co-chair of the executive program on Driving Digital Strategy at Harvard Business School, it says that mobile technology has revolutionized the global banking and payment industry.

He further states that it offers new opportunities to banking institutions to provide added convenience to their customers. In the said article, it says that mobile penetration in the United States as well as in France is 105%.

Meanwhile, data by Statista says that as of 2018, the total number of mobile banking users in the United States is 57 million, and the number is expected to increase further as years go by.

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In fact, according to Fidelity National Information Services (FIS) as reported in a CNBC article, there was a 200% jump in mobile banking registrations in early April of 2020, which was the peak of the pandemic in the country.

Furthermore, mobile banking traffic increased to 85%, definitely higher as compared to previous years. This was not surprising at all, though, since a lot of bank branches had to close, and tellers were not available for health and safety reasons.

While 2020 was a challenging year for almost all industries, it was in a way a game-changer for the banking industry per se.

It was then that banks had to step up and ensure they are able to cater to the needs of their customers – whether it be in-person or online.

It was also during that time that a lot of people realized the value of having a bank that does not only provide a traditional banking experience but a great online banking experience as well.

One of the banks that actually offers both ways before the pandemic hit the world is BMO Harris Bank.

In this BMO Harris Bank review, we are going to tell you more about what to expect in this full-service bank, and what makes it a good banking option.

In the next few sections, we are going to particularly tackle the following:

  • What is BMO Harris Bank?
  • Who is BMO Harris Bank best for?
  • What are the products offered by BMO Harris Bank?
  • How to bank with BMO Harris Bank?
  • Is BMO Harris Bank safe?
  • What to like about BMO Harris Bank?
  • What not to like about BMO Harris Bank?


First of all, we are going to share with you key facts you need to know about BMO Harries Bank. This provides you a picture of what the bank is all about and where it stands out as compared to other banks of the same kind.

So, with that said, here’s what you should know about the BMO Harris bank —

BMO Harris Bank is a full-service financial entity that runs over 500 brick-and-mortar locations across eight states. It is a subsidiary of Canada’s Bank of Montreal, with U.S. headquarters located in Chicago.

Founded over 130 years ago, BMO Harris Bank is currently in the eighth spot among the largest banks by assets in North America. The bank boasts having over 12 million customers to date.

If you want to know more about BMO Harris Bank, check the video below by nctv17:

BMO Harris Bank offers a wide selection of banking products and services including checking and savings accounts, certificates of deposit (CD), IRAs, as well as other investing and loan options. Needless to say, providing customers with a large ATM network of over 40,000 nationwide.

Moreover, the bank offers a high-yield money market account, while its checking accounts are generally affordable and provides several options to waive fees.

Adapting to the needs of its customers, and providing better banking services, BMO Harris Bank comes with a mobile banking application that provides some distinct features such as a service that links all your accounts, including non-BMO ones, to give you a full picture of your current financial situation.

Furthermore, the mobile app also allows its users to withdraw money from some BMO Harris ATMs even without their physical debit cards. 


Obviously, in this section of our BMO Harris review, we are going to talk about who is the bank best for.

Generally, BMO Harris Bank should appeal to customers who want a Midwest-based bank that offers a wide variety of banking products and services.

As mentioned in the previous section, BMO Harris is a full-service banking institution making it an ideal choice for those who want to manage all their finances in just one bank.

Furthermore, BMO Harris Bank is a good choice for clients who are looking for competitive money market account, as well as multiple checking account options.

Since the bank offers over 40,000 ATM networks, this should also appeal to those who want easy access to cash.

BMO Harris Bank has brick-and-mortar locations, and it is also accessible through its mobile banking app. Thus, making it appealing to those who want to have access to both.


Similar to other full-service banks, BMO Harries had everything you need financially. Apart from traditional checking and savings accounts, the bank offers personal loans, wealth management services, mortgages, retirement and investment accounts, as well as business and commercial banking.

BMO Harris has over 500 physical branches located in Arizona, Florida, Illinois, Indiana, Missouri, Minnesota, Kansas, and Wisconsin. Needless to say, the bank has over 40,000 ATMs, allowing customers to withdraw their money anytime.

Now, for the purpose of this BMO Harris review, we are going to focus only on its deposit product offerings such as checking and savings accounts, as well as money market and certificate of deposit accounts.

Checking Accounts

BMO Harris Bank offers three different types of checking accounts. These are:

Smart Advantage Checking

This checking account type is the most popular among all of the bank’s checking account offerings.

The Smart Advantage checking account requires no monthly maintenance fees as well as ATM fees. While electronic statements are free, if you prefer receiving a paper statement, you may do so for a fee of $2 per month.

Smart Advantage checking account comes with a debit MasterCard, which enables the account holder to withdraw money from the bank’s large ATM network.

To open a Smart Advantage checking account, BMO Harris only requires a minimum of $25 opening deposit, which is definitely lower as compared to other banks.

The only downside of this account type is that it does not earn any interest.

Smart Money Checking

Unlike Smart Advantage, the Smart Money checking account comes with a monthly maintenance fee of $5. This fee is waived only if the account holder is 25 years old and below.

Additionally, Smart Money checking account is free from overdraft fees or non-sufficient fund fees. Basically, this is because customers can only spend the funds available in the account.

Similarly, Smart Money checking account electronic statements are free. However, if you opt for a paper statement, this costs a $2 fee.

Also, this checking account type comes with a debit MasterCard and can be used in over 40,000 ATMs.

To open a Smart Money checking account, the bank requires a minimum of $25 initial deposit. This account type does not earn interest, as well.

Premier Checking

Of all the three checking account types offered by BMO Harris Bank, Premier checking is the only one that bears interest.

With Premier checking, all account balances earn interest. However, you need to have a minimum of $25,000 in your account to earn the highest interest rate, which currently is 0.10% APY.

The Premier checking account comes with a monthly maintenance fee of $25. However, this can be waived only if you meet any of the following requirements:

  • Maintain a $10,000 minimum daily balance
  • Has $25,000 in combined BMO Harris accounts
  • Has a BMO Harries investment account

Similar to other checking account types, this also comes with a debit MasterCard. More so, it also offers up to a $25 rebate monthly on out-of-network ATM fees. Fees are also waived on cashier’s checks and money orders.

Overdraft fee can be waived if you set it up by linking your savings account, MMA, or other checking accounts. The fee is $36 for every overdraft over $5 with a maximum of four overdrafts per day. Additionally, a $10 fee is charged for transferring funds to cover the overdraft.

To open a Premier checking account, the minimum initial requirement is also $25.

Savings Accounts

BMO Harris Bank only has one savings account option. This is the one they call the Statement Savings.

Similar to the bank’s checking account options, BMO Harris only requires at least a $25 initial deposit.

Unlike other savings account offerings from other banks, the Statement Savings only offers a 0.05% interest rate, which is below the national savings account average rate.

The savings account also comes with a monthly maintenance fee of $5, which can be waived for account owners who are 25 years old and below, or those who are keeping a minimum daily ledger balance of $100 for the month.

Money Market Accounts

If you want to earn a competitive interest rate, one of the ways to achieve that is by opening BMO Harris’s Platinum Money Market account.

Currently, account balances between $5,000 and $999,999.99 earns 0.95% annual percentage yield (APY), while balances that range $1,000 or more earn 0.75% APY.

While it requires a minimum opening deposit of $5,000, the account does not have an ongoing balance requirement.

Unlike the previous account types, the Platinum Money Market account does not charge a monthly maintenance fee. Furthermore, it comes with check-writing privileges.

Generally, the Platinum money market account is ideal for people who want to keep an emergency fund.

Certificate of Deposit (CD) Accounts

BMO Harris Bank offers two kinds of certificate of deposit (CD) accounts. These are Standard CD and Add-On CD accounts.

When it comes to interest earned, it is handled similarly with the two account types. For CD terms below 12 months, the interest is compounded daily and credited at maturity. Meanwhile, for CDs 12 months or greater, the interest is compounded on a daily basis and is credited to the CD account quarterly.

Now, to understand the difference between the two-CD account types here’s a brief explanation of each:

Standard CDs

This CD account type features terms from three to 60 months. It has an option for one-month and two-month CDs for balances of at least $100,000.

Standard CDs have tiered fixed rates depending on the term as well as the account balance. Rates vary from 0.05% for 1 month CD term up to 0.70% for 60 months CD term. Occasionally, the bank offers special rates for certain term lengths.

The minimum balance requirement for this CD type is $1,000.

Add-On CDs

As the name of the product suggests, this allows account holders to add more funds to their CD account after opening.

Unlike the other CD type, Add-On only has a one-year CD term, which at the moment earns 0.30% APY.

Similarly, the bank requires a minimum deposit of $1,000 to open an Add-On CD account.

For both CD types, the bank charges an early withdrawal fee of up to 545 days interest if you opt to withdraw your money prior to its maturity date.


This part of our BMO Harris review will focus on how to actually bank with BMO Harris.

What’s nice about BMO Harris is that the bank pairs some of the best in-person banking features with its digital banking functionality.

To open an account with BMO Harries, customers have the option to either visit any of the banks’ over 500 branches located in Arizona, Florida, Illinois, Indiana, Missouri, Minnesota, Kansas, and Wisconsin or do it online via its website.

Similar to any other financial institution out there, BMO Harris Bank requires all new customers to provide some personal information including their name, address, phone number, and Social Security number. Additionally, government-issued identification such as a passport and driver’s license is also required.

ATM Access

As already mentioned, BMO Harris has over 40,000 fee-free ATMs where customers can access cash.

Mobile Banking

For those who prefer mobile or online banking, BMO Harris Bank provides digital banking services so you can access your account anytime and anywhere.

The bank’s mobile app is highly-rated in both App Store and Google Play.

Using the mobile app, customers are able to enjoy the following features:

  • Mobile cash withdrawals in most of the bank’s ATMs
  • Mobile check deposit
  • Bill Pay
  • Total Look account management
  • Apple Pay and Zelle integration

Customer Service

If you have any concerns, you may contact someone at BMO Harris’s call center, which is available 24 hours a day, seven days a week.


Of course, we made sure to also look into the bank’s digital platforms’ safety and security features.

As mentioned, you can access your BMO Harris Bank account either through the website or the mobile app.

Having been in the banking industry for more than 130 years, BMO Harris surely knows how to keep its customers’ personal data and accounts safe and secured.

The bank uses bank-grade encryption to ensure all accounts and personal data are free from possible fraud or identity theft.

Additionally, BMO Harris Bank is a member of the Federal Deposit Insurance Corporation (FDIC), which means all deposits are insured for up to $250,000 per depositor, per account category in case the bank fails.


In this section, we are going to give you a list of the things that really stand out about BMO Harris Bank, and the list includes the following:

  • Several Product Offerings – BMO Harris is a full-service bank. Thus expect to find a wide variety of banking products and services. Not only does it offer traditional checking and savings accounts, but that it also offers personal loans, wealth management services, mortgages, retirement and investment accounts, as well as business and commercial banking.
  • Inexpensive Checking Accounts – For only $25, you can easily open a checking account of your type.
  • Waivable Monthly Maintenance Fee – For most of its products, the bank charges a monthly maintenance fee. However, the fee is waived if you meet certain requirements.
  • Competitive Rates for Money Market Accounts – Of all the deposit products offered by BMO Harris Bank, the best in terms of rates would be Money Market. It definitely offers one of the best rates out there.
  • Large Fee-Free ATM Network – The bank has over 40,000 ATMs free of charge.
  • Physical Branches – Apart from providing a highly-rated mobile application, as well as online access, the bank has over 500 physical branches in select states.


While there are a lot of things to like about BMO Harris Bank, it sure does have its share of downsides as well, and this includes the following:

  • Low-Interest Savings Account – Unlike other banks of the same type, BMO Harris Bank’s savings account is not that appealing. It offers a low-interest rate. In fact, below the national average for savings accounts even.
  • Limited Branches – Although we like the fact that BMO Harris Bank does have physical branch locations, it is limited to eight states only. It would be nice, though, if they could have more and eventually be present across all 50 states.


BMO Harris is a full-service bank that offers a wide selection of banking products and services. It comes with over 500 physical branches across eight states and provides access to over 40,000 ATMs.

While it does have a few downsides, the good things that it provides overshadow them.

Setting the not-so-good things about the bank, would you consider opening an account with BMO Harris?

To sum up, with this BMO Harris review, we found that the bank, while imperfect, is definitely one of the best options out there especially if you want a full-service financial institution that provides an access to both a physical branch (if you are from the Mid-west) and excellent digital platforms.

Mobile Banking

Dave App Review: A Low-Cost App That Provides Fee-Free Cash Advances

Hitting a $0 balance on your checking account can be very stressful. With this Dave App review, we do not only provide you essential facts about this membership app/service but hopefully, this gives you an option to ensure that you always have money in the bank especially when you need it most.

Dave App Review: A Low Cost App That Provides Fee-Free Cash Advances

While nobody wants to lose money before the next paycheck, the reality is, a lot of people actually experience that. Many people try hard enough to make ends meet every time, but there are just some instances when their money runs out even before it gets replenished.

Worse is, you do not have money in the bank and then there’s an emergency. That is a kind of situation we all do not want to be in, right?

When things get worse, a lot of us rely on loans. Many of us apply for payday loans or personal loans or borrow money from someone we know just to get through until the next payday.

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Last year, when the pandemic hit the United States, a lot of people were unprepared. Many struggled financially especially since many Americans live paycheck to paycheck.

In fact, according to an article published by CNBC, based on a recent report from CareerBuilder, 78% of full-time workers in the country fall into that category.

While the option of taking a loan is a good idea, we cannot deny the fact that it can be stressful, too, given the fact that there is interest to take into consideration. That’s a lot of money, to be honest, especially for the minimum wage earners.

But, what if there is a financial institution that provides an interest-free cash advance feature?

Sounds too good to be true?

Well, it is true! That is exactly what makes the Dave app stand out from the rest. Dave app is not your typical financial service provider. It is actually something that could potentially help every individual who runs out of cash to avoid interest-bearing loan programs and save a lot eventually.

In the next few sections, we are going to share with you key information about the Dave app and hopefully, at the end of this Dave app review, we get to convince you that this one’s worth it.

In particular, we are going to provide answers to the following questions:

  • What is Dave App?
  • Who is Dave App best for?
  • How does the Dave app work?
  • How to sign up for Dave App?
  • Is Dave App safe?
  • What to like about the Dave App?
  • What not to like about the Dave App?


By now you are probably curious to know what the Dave app is all about, what makes it special, etcetera.

Well, we won’t keep you waiting because, first of all, in this section, we are going to give you a little background on what the Dave app is all about.

As we always say, it is important to get to know the bank or the financial service provider first before signing up so you get to gauge if it’s really the one you need or the one you are looking for.

So, here are some key points you need to know about the Dave app —

Dave app is a low-cost membership application. It was specifically designed to offer customers fee-free checking as well as provide up to $75 in interest-free advances. Needless to say, outsmart overdraft fees, which could potentially help Americans avoid paying billions of dollars per year just on overdrafts alone.

The app comes with a monthly membership fee, but for a very minimal cost of $1. Considering the app’s features, you definitely get the best of what you are paying for.

Furthermore, the Dave app helps its users to budget. It looks at the user’s traditional cash flow throughout the month and lets the user know if a pinch is upcoming so he or she can plan ahead.

Before moving on, if you want to know more about the Dave app and how it benefits customers, watch this very informative and insightful video review below by Mr. Modern Financials:


Now that you already know something about the Dave app, it’s time to assess if this fits you.

While there are no restrictions as to who can only use the app, Dave would be most useful to those people who live on a paycheck-to-paycheck basis.

This will surely help them a lot in making ends meet without having to fall into payday loans or other types of loans that charge a certain amount of interest.

Through the app’s cash advance feature, you get to have access to a certain amount of money without having to worry about paying for interests.

So, if you want that kind of service, the Dave app should appeal to you the most.

Of course, as we’ve already mentioned, this app should be ideal for people who live paycheck to paycheck. They are the ones who will benefit from the Dave app the most.

Additionally, this would be great for those who want to get away from overdraft fees, and also those who want to keep a track of their monthly budget.

Also, this should be a good app for those who are willing to pay $1 a month for a monthly maintenance fee. Unless you have a Dave debit card and you use it in shopping at your preferred merchants, this fee can be eliminated.


In this part of our Dave app review, we are going to tell you more about this app. In particular, how it actually works.

Generally, the Dave app works in two ways —

First, it helps users to budget and looks at their traditional cash flow for the entire month provided your debit card is connected to the Dave app. The app automatically lets the user know if it looks like funds are almost running out or if the user over budgets.

Second, this provides an overdraft fee-avoiding solution through the cash advance feature.

Now, let’s take a deeper look into each of these functions.

Budgeting Feature

Basically, the app helps you track your budget, and let you know how low your money gets before your next paycheck comes in.

The app uses your monthly expenses such as your utility bill, phone bill, and etcetera to calculate just how much you have left until the next payday. If you overspend in a month, or your bills are higher than how much they’re usually are, the app automatically sends you an alert. This is very helpful so you get to avoid fees.

Cash Advance Feature

Dave app’s cash advance feature is actually what makes it special. Customers are into it for that very reason.

The app’s cash advance feature is available for customers whose bank accounts are linked to the Dave app.

As mentioned, cash advances provided by Dave app have no fees involved, and definitely, no interest rates as well.

It basically is like taking a mini loan against your own paycheck to help you make ends meet before your next payday comes.

As soon as you are able to connect your checking account to the app, you immediately get to avail of the cash advance feature. The app lets you advance money of up to $100.

This may not be as big as what you can borrow at lending companies, but, this surely could help tide you over for a couple of days without having to deal with fees and interests.

When using this feature, it is important to note that standard transfers take up to three days for free. However, if you wish to receive the money sooner (in 8 hours or less even), this incurs a small fee of $4.99.

Now, you are probably wondering how to repay your advance, right?

Well, it is so easy. You simply repay your debt automatically as soon as you receive your next paycheck. Once paid, you can utilize the cash advance feature again as needed.


As already mentioned earlier, while the cash advance feature saves you from interests and fees, using the app comes with a monthly fee.

The Dave app comes with a $1 monthly membership fee. This overs access to cash advances, account monitoring, as well as other helpful resources.

If you come to think of it, $1 is not a big amount. However, when added up, it means spending $12 a year to monitor your cash flow and for the cash advance feature, which may not be worthwhile for a mid-earner.

But, for those who live paycheck-to-paycheck or those who constantly need a buffer, the Dave app is definitely a huge help.

Here’s some good news, though. There is a chance that the $1 monthly fee can be waived if you shop at certain stores. But of course, you don’t want to keep shopping just to forgo the $1 fee, right? At the end of the day, every penny counts.

Mobile Support and Accessibility

Obviously, the Dave app is an entirely mobile platform, which means it is not accessible via computer.

The Dave app is available for both iOS and Android mobile devices.

Dave app is very easy to use. Even new users won’t have a hard time using it. All they have to do is follow the prompts to be able to set up as well as manage the account.

The app also comes with different alerts such as text messages or push notifications, which makes it easier to know when your account threshold has already been reached or almost there.

Customer Support

Dave app has a Support section on its website wherein a ton of frequently asked questions are answered. Also, it provides screenshots that walk you through the steps of managing your Dave account.

However, if you couldn’t find the answers in there, you can contact Dave customer support through the app or the contact form, which can be found on the website.

Unfortunately, it does not say how long it takes to get a response. Also, Dave does not have a direct hotline where you can speak with a real person. This can be quite a challenge if you have an immediate concern.


Now that you already what the Dave app is all about, its features as well as other key information about it, it’s time to look into the process of signing up.

Opening an account with Dave is quick and easy. It all starts with downloading the highly-rated app on your mobile device (could be your smartphone or a tablet). As mentioned, the app is available for both iOS and Android devices.

The sign-up process requires you to share a few personal information such as your name, email address, date of birth, and even your Social Security Number — similar to any other financial platform.

Apart from personal information, you will also be asked to make a few account choices, select your preferred form of communication for when or if your estimated account balance drops.

Additionally, you will also be asked to choose your account balance threshold for notifications. It could be anywhere between $0 and $1,000.

To finish the whole process, you will have to accept the terms and conditions.

Once done, you can already link your debit card to your Dave app account, which allows you to access the fee-free cash advance option.


The safety and security of your account are very important. That is why in this section of our Dave app review, we are going to see how secure this financial platform is.

When opening a Dave account, you will be asked to provide personal information. Additionally, to be able to benefit from its features, you will have to link your bank account to the app.

With all this information, it is imperative that the Dave app be as secure as possible.

According to Dave’s website, the app uses “industry-standard” 2048-bit encryption when managing users’ sensitive information. The app utilizes a two-factor authentication process to further protect its users and their accounts.

In addition, the employees of Dave also receive rigorous security training every year to ensure that the company provides a secure and safe online financial platform.

To help ease your worries, your banking information is not stored. It is only used once for authentication purposes as well as in linking your account.

Furthermore, it is important to note that on the website, Dave has this disclaimer with regards to sharing less-sensitive information with a third party:

We may share personal information about you as follows: With third parties to provide, maintain, and improve our Services; In connection with, or during the negotiation of, any merger, sale of company stock or assets, financing, acquisition, divestiture, or dissolution of all or a portion of our business; To respond to subpoenas, court orders, or legal process; In order to investigate, prevent, defend against, or take other action regarding violations of our Terms of Service, illegal activities, suspected fraud, or situations involving potential threats to the legal rights or physical safety of any person or the security of our network, Sites or Services; To respond to claims that any posting or other content violates the rights of third parties; In an emergency, to protect the health and safety of our Site’s users or the general public, or As otherwise required by law. How we secure your information. We use the highest security industry standards to ensure your information is kept safe and only available to you and the required Services provided by Dave.”

While it is unclear what particular information is shared, it is just right to be aware that there is a possibility of information-sharing.


This review on the Dave app will not be complete without a summary of the things to like about this online financial platform.

Some of the things we particularly like about Dave are as follows:

  • Fee-Free Cash Advances – Of course, this has to be on top of the list. With Dave, borrowing money is easy and free. Once your account is linked to the Dave app, you automatically become eligible to advance money of up to $100 free of interest and fees.
  • Low Monthly Membership Fee – To use the features of the Dave app and benefit from it, you will need to pay $1 per month. Compared to how much you pay for interest and fees when borrowing money elsewhere, this monthly fee is still cheap.
  • Easy to Use App – The Dave app is very easy and simple to use. As long as you have a mobile device like a smartphone or a tablet, you can download it, and use the app anytime, anywhere.
  • Alerts and Notifications – Dave app sends alerts or notifications once you reach your account limit based on your expenses. This saves you from overdraft fees, as you can easily borrow money once you need a little more to cover any excess cost.
  • Pause Account As Needed – If you feel like you need to take a break from using the app, you can pause your membership through the app. This also means you won’t be charged anything until you activate your account again.


Just like any other financial platform, the Dave app has its share of downsides as well.

So, below, we are sharing a few of the things to not like about the app:

  • Takes Up To 3 Days for Advances to be Credited – Unfortunately, it takes up to three days before your cash advance is credited to your account. However, if you wish to expedite the process and receive the money in 8 hours or less, you’ll need to pay $4.99.
  • No Web Platform – All Dave accounts are only accessible through the app. Sure, it has a website, but it does not provide access to your account.
  • No Phone Support – The Dave app does not have phone support. For concerns, Dave customer support may be reached through the app or the contact form.


Dave app is a mobile app that is known for providing a fee-free cash advance feature.

While it does have a monthly membership fee of $1, as compared to the interest you will have to pay when borrowing money from lending companies and banks, it definitely is still cheaper. Needless to say, the fee can be waived if you shop using your debit card at selected stores.

Now, given all the information we provided, do you think the Dave app is the right one for you?

With this Dave app review, we hope you are able to see how it can be very beneficial especially among people who paycheck-to-paycheck.

Mobile Banking

Earnin Review: How It Helps Improve The Financial Lives Of Americans

This Earnin app review provides essential information on how it works on improving the financial lives of American people who are living paycheck to paycheck.

Earnin Review: How It Helps Improve The Financial Lives Of Americans

The United States is a first-world country. Thus, it is not surprising that the country’s financial system is the largest in the world.

However, just when a lot of people thought it’s flawless, there is actually one very apparent complaint about the financial system of the country – that is, it is unfair.

Unfortunately, people who are earning lower and unstable incomes usually end up paying the most for a lot of financial services.

As you know, most banking institutions charge fees such as monthly maintenance fees, overdraft fees, high-interest debt, ATM fees, and a lot more. When all of these are combined, it could really hit hard among American consumers. It could cause them to struggle financially. These fees affect consumers a lot.

According to the FDIC Survey of Household Use of Banking and Financial Services report in 2019, nearly 95% of American households are banked, and a portion of them suffer from bank fees because of not being able to meet the requirements set to be able to avail the institutions’ fee-free features.

For some, bank fees may be little, but for the underprivileged, that is a big money loss. No wonder why a lot of people rely on loans.

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A report published by CNBC says that currently, there are 12 million Americans who use payday loans annually. Meanwhile, according to the Economic Research of the Federal Reserve Bank of St. Louis, in 2017 alone, there were 14,348 payday loan storefronts in the United States.

By the way, a payday loan is “a type of alternative financial service that provides fast cash to cover emergency situations or help pay a borrower’s expenses from one paycheck to the next.”

It is nice knowing that there are financial institutions that are working on addressing the needs of the less privileged, helping them make ends meet.

Disruptive companies such as Earnin are working on improving the financial lives of those who are living from paycheck to paycheck by allowing them to get an advance of up to $100, but unlike usual payday loan storefronts, this one’s easily accessible online.

In this Earnin review, you will find out more about how this paycheck advance app is a good alternative especially for those who are struggling to make ends meet or those who need emergency funds before payday comes.

In the next few sections, we are going to particularly tackle the following:

  • What is Earnin app?
  • Who is Earnin app best for?
  • How does Earnin app work?
  • How to setup an Earnin app account?
  • Is Earnin app safe?
  • What to like about the Earnin app?
  • What not to like about the Earnin app?


Before we even talk about the technicalities of the Earnin app, we are going to share with you some pieces of important information about this paycheck advance app first.

It is important to look into what the company is about to have a better understanding of what service it provides, as well as how it could be beneficial for you.

As mentioned earlier, Earnin app aims to help those who are living on a paycheck to paycheck basis by providing an online platform that allows workers to get an advance of up to $100, which is sent directly to their bank account. Unlike banks that charge a fee for certain transactions, Earnin earns through optional tips given by users.

Earnin was built in the hope of providing a “financial system for the people by the people.”

Since it is app-based, Earnin is available for people across the United States.

According to the company, the Earnin app has already had over 10 million downloads and has 2 million active users to date.

Furthermore, the company is proud to report that in just a few years since its existence it already impacted a lot of lives.

In fact, according to the Internal Earnin analysis, as of January 2021, 49% can now cover an emergency of $400 since using the Earnin app, 73% can budget better, and 66% can now pay bills — all through the help of the Earnin app.

Know more about the Earnin app in the video below by Gig Nation. They provide a very insightful review with lots of important information you need to know.


In the previous section, we talked about what Earnin is all about.

On this part of our Earnin review, we are going to share with you who would benefit from it the most.

As mentioned, Earnin is an app that allows workers to get an advance of up to $100, making it an ideal online platform for those who need emergency money.

The Earnin app is ideal for those who occasionally need a small amount of money before the next paycheck.

Of course, you need to meet the company’s eligibility requirement to be able to use the app’s features.

Earnin is ideal for those who are hourly or salaried employees using electronic timesheets at work.

Furthermore, Earnin is also ideal for those who have a checking account and are being paid through direct deposit.

Also, this app is a good choice for those who do not want to overdraw their bank accounts and pay for an overdraft fee, which usually costs $35.

Meanwhile, the Earnin app is not for you if you have a habit of spending more than what you earn, work independently or have multiple employers/clients, as well as if you are being paid by a reloadable debit card.


Now that you already know what Earnin app is, and who would benefit from it the most, this time, we are going to tackle how it actually works.

As mentioned, the Earnin app allows workers to get an advance of up to $100, and have it directly deposited to their bank accounts.

Unlike a typical bank or other financial service providers (such as lending companies), Earnin does not charge a fee. Instead, the company relies on tips given by its users. However, it is optional, thus, allowing users to tip $0 if they really need the money up to the last cent.

If you think Earnin is handing out free money, you’re wrong. The company knows they are going to be repaid as it only advances money when the user has already earned it.

Earnin app takes a cut of the user’s future check as soon as it is directly deposited to his or her checking account.

As mentioned, you have to be eligible to be able to use and enjoy the features of the Earnin app. The requirements include:

  • Must be paid through direct deposit
  • For hourly workers, the Earnin app must be connected to their company’s online timesheet (otherwise, upload photos of their daily timesheet)
  • Salaried workers, they must allow the app to track their location. This helps confirm that they have gone to work.
  • For gig economy workers, they must upload receipts or trip information to the Earnin app for early payouts.

Furthermore, the Earnin app also offers a Balance Shield option, which is specifically designed to automatically transfer money once your checking account balance reaches a certain balance.

It is important to take note, though, that that the Balance Shield is only free for the first time of using it. After that, the Earnin app charges $1.50 per transfer, which is quite a manageable fee.


In this part of our Earnin review, we are going to talk about how to actually set up an account.

The Earnin app is available for both Android and iOS devices.

To start setting up an account, you have to download the app first. Then, follow the prompts to complete the whole signing-up process.

The Earnin app will be asking you to provide information such as your email address, preferred password, paycheck information, bank name, bank account information, and employer information.

By the way, it may take 48 to 72 hours for your Earnin account to be fully set up before you can start requesting funds.

Amount That Can Be Borrowed

Earnin allows you to borrow up to $1,000 if you are under Earnin Express. However, for newbies, the app allows up to $100 on your pay cycle.

Depending on how often you use the app, Earnin may allow you to borrow up to $500, or get an invitation to sign up for Earnin Express.

By the way, Earnin Express is an exclusive feature that allows members to cash out up to $1,000 or 80% of the amount of the paycheck you direct to Earnin. This, however, requires the user to set up and route his or her paycheck to an Earnin Express virtual bank account (through Earnin’s bank partner, Evolve Bank & Trust).

The maximum amount a user can borrow is dynamic and re-evaluated each pay period. To be eligible for better and exclusive features, you must have good spending habits and a positive bank account balance.

Fees and Rates

Earnin app does not charge fees or interests.

As mentioned, the company earns through tips given by users. Users can donate any amount for up to $14, or if the budget is tight, the app does not mind a $0 tip. Earnin deducts the tip from your paycheck on your payday along with the money you’ve withdrawn.

If you come to think of it, Earnin is really doing a big favor to users who are mostly struggling financially.

Once you are done with the signing up process, you can now access the money once you’ve earned it, of course.

It is important to note that whenever you request money, Earnin verifies your hours worked, which does not take that long. The company says it usually takes about 10 minutes to finish provided you submit through the app.

The disbursement of the money requested is on the next business day. There is a possibility to get the money sooner, but that depends on your bank if it supports it.

Earnin users must take note that the app only allows two withdrawals. The limit is $100 for all users on a daily basis. Meanwhile, the total amount you can withdraw during your pay period will depend on how much you’ve earned, any bills due, as well as your financial behavior.


Earnin provides cash advances for workers who need emergency funding. Unlike personal loans or other types of loans, Earnin is considered a short-term loan since it automatically deducts the amount borrowed once the paycheck is deposited to the user’s checking account.

Generally speaking, Earnin is safe. With millions of active users to date, it should be safe. Also, since it requires you to provide personal information, all the more that the app works on providing a safe and secure mobile platform.


Now that we’ve already covered the most important things that you need to know about the Earnin app, it’s time to give you a summary of the features we like about this online paycheck advance application.

So, what really caught our attention about the app are as follows:

  • No Mandatory Fees – What makes this company disruptive apart from the fact that it provides advance payments to people who are living on a paycheck to paycheck basis, Earnin users also get to enjoy fee-free transactions. Fees are very common among banks and lending institutions, which is why it’s so refreshing to know that the company does not charge any.
  • Tips Are Optional – Technically, Earnin earns from tips given by its customers. However, even tips are also optional. In case you badly need all the money up to the last cent, Earnin does not mind getting a $0 tip from its customers.
  • No Interest Rate – Unlike typical payday loan providers or banks or other lending companies, Earnin does not charge any interest when you borrow money from them, which enables borrowers to save a lot of money from fees and interests.
  • Fast Funding – Earnin provides funding as soon as within the day of request provided your bank supports it. But generally, the funding is received the next business day, which is still fast enough as compared to other lending institutions.
  • Balance Shield – With the Earnin Balance Shield feature, you are alerted every time your checking account balance reaches low. Earnin provides an optional Cash Out up to $100 directed to the low account. While the Balance Shield is free, there is a minimum tip required of $1.50 to keep the Cash Out feature once enabled.
  • Offers Cashback Rewards – With Earnin app, you can enroll your credit or debit card under its Cash Back Rewards program. This allows you to earn between 1% and 10% cashback in particular stores and restaurants. Earnin app is compatible MasterCard, Visa, and American Express.
  • No Credit Check Required – Earnin does not check your credit score and credit history, which makes it even more ideal for anyone even those with not-so-good credit scores.


While the Earnin app does have its share of highs, it also has some flaws. Although, we thought these can be adjusted or can be worked on so the company could provide better services to the people.

Some of the things to not like about the Earnin app include:

  • Requires A Checking Account – For you to be eligible to use the features provided by Earnin app, the company requires you to have a checking account where you receive your earning or salary.
  • Eligibility Depends on How You’re Paid and the Kind of Job You Have – Earnin requires you to have a checking account where you get paid. Also, you have to fall under their three employment type to be eligible to borrow from Earnin. You must either be a salaried worker, an hourly worker, or an on-demand worker.
  • Privacy Concerns – Once you sign up for the Earnin app, you are required to share your bank details, as well as your paycheck information. Although it gives you access to take advantage of features provided by the app, this may pose some privacy concerns.
  • Low Maximum Loan Limits – When you are new to the app, you can only borrow up to $100. However, depending on your situation, paycheck, and spending habits, there is a chance you could borrow up to $1,000.
  • May Encourage Poor Financial Habits – The Earnin app is a great app for emergency financial needs. To be honest, it’s too tempting given the fact that it does not charge fees and interests. Unless you are able to contain yourself, there could be a chance you’ll end up overusing it, which in turn could lead to poor financial habits.


Earnin app is a disruptive company that helps improve the financial lives of those who are underprivileged, particularly those living on a paycheck to paycheck basis.

It is a great alternative for payday loans especially since it is easily accessible through its mobile app, it does not do credit checks, the funds are made available as soon as within the day of request, as well as the fact that Earnin specifically caters to workers who are either salaried, hourly, or on-demand.

With so many people struggling to make ends meet, Earnin is definitely an app to beat, right?

With this Earnin review, we hope you are able to know a lot about Earnin, what it has to offer, and how it could potentially help address the financial system concerns of the people.