FloatMe: Budget & Cash Advance

FloatMe is a financial app that offers cash advances, financial forecasting, low balance alerts, offers, spending insights, and secure bank account connections. With FloatMe, users can access their earned but unpaid wages quickly through Floats, which can be requested at no cost and received in their bank account within 3 days. For immediate access to funds, users can also opt for an Instant Float for a small fee.

The app also provides a Financial Forecast feature that calculates a user's likely available balance based on their recurring expenses and projected paydays. This helps users plan their finances and avoid overdraft fees. Additionally, FloatMe offers low balance alerts to keep users informed about their bank balance at all times.

Through the Offers feature, users can find recommendations from partner companies to help them save or make money. The app also provides spending category insights through a handy chart, giving users a quick view of their transactions.

FloatMe uses Plaid Portal for secure bank account connections, with 256-bit bank-level security to protect users' information and money. The app supports over 10,000 banking institutions across the US, but does not work with prepaid cards.

FloatMe was launched in 2020 with a mission to guide Americans towards financial prosperity. The app offers a membership for $3.99 per month, which gives users access to all of its financial products and services. The membership fee is auto-renewed every month but can be canceled at any time through the app or by contacting support.

However, membership is required to request cash advances, and approval is not guaranteed. FloatMe's cash advance service is not a loan and does not have a mandatory repayment period. The app is not a payday loan, cash loan, or personal loan app, and does not allow users to borrow money. Cash advances have 0% interest and APR, and optional instant transfer fees range from $3 to $7.

As of October 1, 2023, cash advances are not available to residents of Connecticut, and as of August 1, 2024, they are not available to residents of Maryland. FloatMe is not affiliated with other loan or money apps, such as Credit Karma, Kikoff Credit Builder Loan, Brigit, Credit One, and more. The app's privacy policy and terms and conditions can be found on its website.