Dave ExtraCash & Cash Advance Glossary

A

APR-equivalent

A one-time fee expressed as an annual rate so it can be compared with loans: (fee ÷ amount) × (365 ÷ days) × 100. Learn more

C

Cash advance app

An app that advances a small amount before payday, repaid automatically from your next deposit. Examples: Dave, MoneyLion, Brigit. Learn more

CashAI

Dave's underwriting model. Version 6.0 rolled out in 2026 and coincided with a higher average advance of $225 in September. Learn more

D

Dave Checking

Dave's checking account, required to use ExtraCash. Transfers of ExtraCash into it are instant and free. Learn more

Dave Flex

A Dave Mastercard in limited testing since April 2026 that splits each two-week purchase period into four payments. Learn more

E

Earned wage access (EWA)

Access to wages you've already earned before payday. EarnIn's Cash Out and Chime MyPay are examples. Learn more

Eligibility (ExtraCash)

The amount Dave's model offers you on a given day. It refreshes daily based on income, spending and repayment history. Learn more

Express fee

Dave's old charge for instant delivery, roughly $3–$25, eliminated when Dave moved to its flat 5% fee in early 2025. Learn more

ExtraCash

Dave's cash advance feature: an overdraft of a dedicated ExtraCash account, from $25 to $500, with no interest or credit check. Learn more

ExtraCash account

A deposit account at Dave's partner bank that goes negative when you take ExtraCash and returns to $0 when you settle. Learn more

F

Fee cap

A maximum on a percentage fee. Dave's ExtraCash fee was capped at $15 until 2026; most members now have no cap, and some long-time members have a $20 cap. Learn more

G

Global Privacy Control (GPC)

A browser signal asking sites not to sell or share your data. This site honors it. Learn more

I

Installment fee

Dave Flex's charge on each purchase period's balance, set in its Truth in Lending disclosures, instead of periodic interest. Learn more

Installment loan

A loan repaid in scheduled payments over weeks or months. Terms and APR are set by the lender. Learn more

Instant transfer fee

A charge for receiving an advance right away. Dave charges nothing to Dave Checking and 1.5% to an external debit card. Learn more

L

Lightning Speed

EarnIn's instant-delivery option; NerdWallet lists $3.99 for $75 and under and $5.99 above that. Learn more

M

Membership fee

Dave's monthly subscription of up to $5, charged whether or not you take ExtraCash, until you cancel it in the app. Learn more

O

Overdraft fee (Dave)

The fee Dave charges on every ExtraCash advance: the greater of $5 or 5% of the amount. Most members no longer have a cap. Learn more

P

Partial settlement

When your account can't cover the full balance, Dave collects smaller amounts, usually when at least $5 is available, until it's repaid. Learn more

Payday loan

A short-term loan usually due in about two weeks. The CFPB says $15 per $100 is common, an APR of almost 400%. Learn more

R

Recurring deposits

Regular deposits such as paychecks. Dave looks for at least three in your linked account when setting eligibility. Learn more

ROSCA

The Restore Online Shoppers' Confidence Act, a federal law on online subscriptions cited in the DOJ's complaint against Dave. Learn more

S

Settlement date

The day you agree to bring your ExtraCash balance back to $0, set around your next payday or the nearest Friday. Learn more

T

Turbo fee

MoneyLion's charge for instant Instacash delivery, ranging from $0.49 to $8.99 depending on amount and destination. Learn more