Here Are 9 Apps Like Possible Finance That Offer a Cash Advance

Posted on October 27, 2022 in Loans

Choosing an alternative to Possible Finance might not be the easiest, but hopefully by the end of this article, one of the 9 other cash advance apps like Possible Finance will make more sense for your own financial situation.

No matter how we try to prepare for the unexpected, sometimes life just gets the better of us in the form of a financial crisis or emergency. But what do you do if your credit is bad, and your savings will not pay what is owed? Before you freak out and run to the nearest payday lender, stop and take a breath. There are much safer and more cost-effective ways to get the short-term cash you need. One of these ways is through cash advance apps like Possible Finance – but what is Possible Finance, how does it work, and what are some apps like it? We’ll answer all those questions in this blog post!

What Is Possible Finance?

Possible Finance was built with the intention of making a financial product that could compete with traditional payday lenders, but wound up being used by a much bigger network of borrowers. At the time of this writing the Possible app is designed for fast cash & credit, and has a 4.8 star rating based on more than 90,000 reviews on the apple app store.

Possible Finance: Fast Cash & Credit

It is currently one of the fastest-growing fintech companies in the Seattle area, and is not yet available everywhere. As of right now, Possible Finance operates in the following states:

  • Alabama
  • California
  • Delaware
  • Idaho
  • Indiana
  • Iowa
  • Florida
  • Kansas
  • Kentucky
  • Louisiana
  • Michigan
  • Missouri
  • Oklahoma
  • Ohio
  • South Carolina
  • Texas
  • Utah
  • Washington

How Does Possible Finance Work?

Possible Finance works like most other cash advance apps, in that you must create an account and link it to your existing bank account. After that, the platform analyzes your banking activity to see if you qualify for a loan. If you do, it also tells you how much you can borrow. Compared to other cash advance apps, Possible Finance is unique in that it is your banking history that determines whether you are eligible for a loan, not your credit score.

A loan from somewhere like Possible Finance has more in common with a personal loan or installment loan than a payday loan or a typical cash advance. You will pay interest on a Possible Finance loan, and you will not have to pay back the full amount out of your next paycheck. And while Possible Finance does do a credit check, it is a “soft pull”, meaning that according to the company it is for fraud prevention and identity verification purposes only. It should not impact your eligibility for a loan.

What Are Some Other Apps Like Possible Finance?

You might be asking this question if you live in one of the states where Possible Finance is not yet available, and that’s okay! A great alternative to Possible Finance is a cash advance app, which allows you to get funds from your next direct deposit ahead of time. There are many other similar cash advance apps like Possible Finance out there today, so it can be hard to figure out which one is best for you. Below we break down some of the most popular cash advance apps, their features, and whether they have any additional costs.

1. Albert

To simply refer to Albert as a cash advance app is a disservice to everything this app can do. While Albert does offer a cash advance of up to $250, the intention behind Albert’s creation was for it to be more of a financial advisor. Not only has the company recently added online banking to its functions, the Albert app offers investing and personal finance advice. It also allows users to build an investment portfolio in which they can choose their own stocks or let Albert do it for them. If you are looking for a cash advance app like Possible Finance that offers additional features, Albert has you back.

2. Brigit.

Like with the Possible finance app, Brigit also will not check your credit, and does not have any late fees or interest fees. You can get up to $250 quickly with the Brigit app free basic plan that also provides financial monitoring and spending insights. Their Pro Plan costs $9.99 per month but gives you everything in the basic plan, plus instant deposits, flexible repayments, identity theft protection, and credit building.

3. Cleo

Cleo has an interesting persona attached to its AI, which will make it feel more like you are talking to a friend and less like you are conversing with a bot. This app similar to Possible Finance will loan you up to $100 if you are a first-time borrower, and there are no credit checks or late or interest fees. Unlike other apps like Cleo, the downside is that you must be a member of its premium plan, which costs $5.99 per month, if you want to accept cash advances.

4. Dave

Another top option like Possible Finance is Dave, which is a very popular cash advance app with over 10 million users. This app allows you to get paid up to two days early while building your credit history. You can also get up to $250 in interest free advances with no fees or credit checking. There is a $1 per month membership fee to use Dave for cash advances that also comes with some benefits including budgeting, balance monitoring, and setting financial goals.

5. Earnin

With Earnin, you can get an advance of up to $100 per day or $500 per pay period. It’s an app similar to Possible Finance in that it does not check your credit score or have fees. There is no membership requirement either, but Earnin does check on your spending. They monitor your bank activity with something called Balance Shield, so that you do not need to worry about unexpected overdrafts. They also offer financial and savings tools.

6. Empower Cash Advance

Empower will give you a cash advance of up to $250 without checking your credit. However, when looking for apps like Possible Finance, it’s key to note that this app does charge $8 per month in membership fees. If you stick with your existing bank rather than opening a spending account with Empower, you are charged $3 per deposit. If you sign up for their spending account, the debit card that comes with it does have some pretty cool cash back rewards.

7. FloatMe

FloatMe does not do a lot of things, but the things that it does do, it does well. If you pay the $1.99 per month fee, you can get “floats”, which are cash advances of up to $50. They do not check your credit, and monitor your bank accounts while giving insights into your spending and savings habits.

8. Klover

Klover gives you points in return for completing activities like repaying each advance you take out on time or watching videos or ads. These points help users boost their advance amounts, which go up to $100. There is also a Klover+ membership for $2.49 per month that gives you credit monitoring and financial advising.

9. MoneyLion

MoneyLion’s cash advance service is called Instacash, and with it you can get up to $250 in advances. This high amount places MoneyLion in a similar ballpark to all of the apps like Possible finance on our list. Additionally, there is no credit check, but access to your current bank accounts is required. If you need your money right away, you will have to pay an additional service fee that varies depending on the amount of the advance. MoneyLion charges anywhere from $1 per month to $19.99 per month depending on which services you use, which range from banking and financial planning to investing cashback and more.

What is the Difference Between an Online Cash Advance App and an Online Banking App?

If you are not super familiar with either type of app, it can be easy to mix them up since they offer many of the same services. Many of the best cash advance apps offer banking services or balance monitoring, and online banking apps usually have some form of cash advance or early paycheck access. The choice between the two types of apps are all similar to Possible Finance, and it’s honestly up to you and what suits your needs. Below is some more info on two of the most popular online banking apps, Chime and Varo.


Chime offers a spending account with a debit card, along with access to a myriad of credit building tools. They also have a program called “SpotMe”, which is a line of credit that covers purchases which would otherwise trigger an overdraft. Users must qualify for SpotMe by having a direct deposit of at least $200 put into their account by an employer, payroll provider, gig economy payer, or government benefits payer. The SpotMe amount starts at $40 and gradually builds to $200 with a good repayment history.


Varo is similar to Chime, and currently has no fees. The app offers both checking and savings accounts, and there is no minimum balance required to get started. Varo offers “Varo Advance”, which allows users to advance up to $100 of their next direct deposit, with advances under $50 being free. Advances over $50 are charged a small fee depending on the amount, and repayments are flexible.

How Quickly Will I Get My Cash Advance With an App Like Possible Finance?

A cash advance typically takes two to three business days to clear. If you are willing to pay an additional fee, many cash advance apps can expedite this process for you.

Why Are Loan Apps Like Possible Finance Better Than Payday Loans?

Payday loans are predatory, with the goal of trapping you in a debt cycle. Once you’re in it, it’s nearly impossible to get out because payday lenders charge exorbitant interest rates for a short-term loan that you must repay with your next paycheck. As a result, many payday loan borrowers roll their loans over or request payday loan extended payment plans.

Possible Finance and other loan apps are intended to assist you in establishing financial stability. You must not borrow more than you can afford to repay. And the majority of them provide additional services that will help you grow in the long run, so you won’t need the app at all.

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