9 Cash Advance Apps That Don't Use Plaid

Due to the data handling problems associated with Plaid, finding cash advance apps that don’t use Plaid reassures you of a secure transaction. If you care to know, Dave is one of the apps you should consider, among others. Find out the other apps you can choose from.

Not everyone might meet Dave’s requirements for getting cash advances, or have an existing transaction track record with Dave.

Many people use other cash advance apps and would want to know if they’re safe or secure using their cash apps without Plaid.

Reading on, you will find out about cash advance apps that you can use without Plaid.

9 Cash Advance Apps That Don’t Use Plaid

After researching, we have identified the listed cash advance apps as apps that aren’t in any way linked to Plaid; they include:

1. Cash App

This mobile banking application gives users a way to link their bank accounts by entering these numbers manually.

Cash App provides hassle-free services like payment transferring, trading in stocks and Bitcoin, as well as possessing a customized debit card.

2. Venmo

Venmo supports Plaid as a secure third party to verify account information, but the app also allows to connect the account details manually by adding account and routing numbers.

Due to the fact that Venmo is widely used for the purpose of peer-to-peer payments for joint purchases and even shopping, it takes out the bulk of cash from everyday transactions.

3. Current

Additionally, Current offers account linking both with Plaid and in a unique way by scanning written debit cards.

Today offers users features like the OverdriveTM no-fee overdraft option, free savings pods, and early access to direct deposits.

4. Dave

Dave app definitely opts for manual linkage with the bank by sending micro-deposits for confirmation of ownership rights.

It provides you with ExtraCash up to $500 at an additional cost on top of the cash advance.

The principle must also be repaid within the grace period, which is the number of days that expire before the interest rate is calculated.

5. Chime

Chime provides this avenue through Plaid, where users can manually enter their account details, which include bank credentials.

Chime charges no fees for all banking services, lets customers cash their salary as early as possible, and provides a savings account that pays a high-interest rate.

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6. B9

B9 offers two options to their users; the first is through B9’s own internal search engine that locates an employer or payroll company, so they can set up the connection.

You, however, can select the online turn-off mode if you want. This email will contain an emailed form that can be provided to your employer so they know where to make the manual deposits.

7. MoneyLion

The MoneyLion app consists of a search option to be able to locate your bank account and financials.

Yet they have just agreed to join forces with Plaid, which links the bank accounts to their app.

To continue, you might as well link your account login information with the relevant debit card directly.

8. DailyPay

DailyPay has an internal device that finds the employer for you. The very first step is to verify your identity.

Then your employer can transfer funds right into a DailyPay account, which can be accessed at any time.

Moreover, it is also compatible with Visa and Mastercard debit cards.

9. CashMaster

CashMaster, an app, provides diverse financial services such as “cash advance” or “payday loans.”.

Cheaper loans of $50 to $500 are available through the app, where you do not need to use Plaid.

On the contrary, you can visit a physical CashMaster location and qualify for a check advance in person.

What is Plaid and How Does it Work?

Plaid is a FinTech company recently acquired by Visa that authenticates the credentials in forms of login.

Immediately after you use a third-party app, it authenticates those credentials directly with your bank to complete the process.

The apps covered by the Plaid financial network include Chime, Betterment, Venmo, and so many more.

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On how Plaid works, once you want to send money from the main checking account to a third-party financial application, Plaid will help you directly do this using your username and password.

This is mostly automated and immediate, unlike linkage, where you link the player’s bank account manually with the account number, routing number, and micro-deposit.

The moment you input your credentials, Plaid encrypts them, and it works in the background, which corresponds with the application to the bank account.

This connection enables the app to access important account details, including the following:

These include two numbers that identify your bank account and its whereabouts.

1. Account balance

2. Transaction history

3. Personal loan and credit card, terms and other related information

4. Investment holdings

5. Identity data must be included not only for security reasons but also to assist in preventing fraud

Is Plaid Safe to Use?

This type of security has found its utility in the financial technology sector. Plaid uses top-of-the-notch encryption protocols, including AES 256-12 and TLS, to secure your data.

This way of doing things is due to the fact that one’s financial data is always guarded while remaining secure, even through an incident whereby the database breaks.

Though privately Plaid got itself into confrontation with a class action lawsuit in 2020 that pointed out Plaid’s improperly gathering customers’ login data,

Regarding Plaid, it’s neither admitted to any crime nor agreed to completely change its data storage and collection techniques, which helps to supposedly minimize the data collection.

Parting Words

Financial applications no longer need to give their data to Plaid but at a higher level.

Among others, manual verification is slower, and while some of these apps do offer more features, some charge more.

Choose based on your needs: on the other hand, choose the security and privacy level of a non-Plaid app, or be indulged in the convenience and features of a Plaid-based one.

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9 Cash Advance Apps That Don’t Use Plaid