Dave vs Chime MyPay (2026): Fees, Limits & Eligibility
Chime MyPay has no monthly fee: funds within 24 hours are free, or instant for 3% ($2 minimum, $5 maximum). Most members start at $40–$100 and can grow to $500 (Chime's disclosure lists credit limits up to $1,000). You need Chime Checking and must live in an eligible state. Dave costs more per instant advance above $100 but doesn't require switching banks.
Dave vs Chime MyPay at a glance
| Item | Dave ExtraCash | Chime MyPay |
|---|---|---|
| Advance amount | $25–$500 (Dave testing up to $1,000) | Most start $40–$100, up to $500; disclosure lists $20–$1,000 |
| Mandatory fee | Greater of $5 or 5%, every advance | None (free within 24 hours) |
| Monthly fee | Up to $5 membership | $0 |
| Instant delivery | Free to Dave Checking; 1.5% to an external card | 3% ($2 min, $5 max) |
| Product type | Overdraft of ExtraCash account | Line of credit |
| Account needed | ExtraCash account + Dave Checking | Chime Checking + activated Chime debit card |
| Income needed | At least 3 recurring deposits | 2 qualifying direct deposits of $200+ in 36 days (or 1 plus job or benefits verification) |
| Availability | Nationwide app | Not in 12 states |
Which is cheaper: Dave or Chime MyPay?
| Instant advance | Dave (no cap) | Chime MyPay |
|---|---|---|
| $50 | $5.00 | $2.00 |
| $100 | $5.00 | $3.00 |
| $200 | $10.00 | $5.00 |
| $500 | $25.00 | $5.00 |
Chime's $5 ceiling makes it far cheaper for larger instant amounts, and it has no membership. Dave also adds up to $5 a month. If you can wait 24 hours, MyPay is free.
Who qualifies for Chime MyPay
- 18+ with an active Chime Checking account in good standing and an activated Chime debit card
- Two qualifying direct deposits of $200+ in the last 36 days, or one plus work email/address verification, or one from a government benefits payer
- A permanent address in an eligible state
Not available in: Colorado, Connecticut, Illinois, Maine, Massachusetts, Minnesota, Montana, New Jersey, New Mexico, South Dakota, Washington and Wyoming (per Chime, as of May 2026).
Who qualifies for Dave
Dave looks for at least three recurring deposits and requires its own ExtraCash account and Dave Checking. You don't have to move your paycheck. Not approved? See why Dave says you're not eligible. Wondering if your Chime account can link to Dave? See banks Dave works with.
A year of instant advances: Dave vs Chime MyPay
Two instant $200 advances a month cost up to $25 a month with Dave ($20 in fees plus up to $5 membership), or about $300 a year. With Chime MyPay the instant fee on $200 hits the $5 cap, so two cost $10 a month, about $120 a year, with no membership. If you can wait 24 hours, MyPay is free.
Pros and cons
Dave ExtraCash
- + Works without switching banks
- + Available in states MyPay excludes
- + Instant and free to Dave Checking
- − 5% fee with no cap for most members
- − Up to $5 monthly membership
Chime MyPay
- + Free within 24 hours
- + Instant fee capped at $5
- + No monthly fee
- − Requires Chime Checking and qualifying deposits
- − Not available in 12 states
How to switch from Dave to Chime MyPay
- Settle any open ExtraCash balance in the Dave app (ExtraCash tab → Settle), since an unpaid balance keeps collection attempts going.
- Sign up for Chime MyPay and confirm your limit before you rely on it.
- Cancel the Dave membership at least 3 business days before the next charge, then close the accounts if you won't return. Step by step: how to cancel Dave.
Which should you choose?
- Chime MyPay if you already bank with Chime in an eligible state: it's cheaper at nearly every amount.
- Dave if you live in one of the 12 excluded states, don't want to switch banks, or don't meet Chime's deposit rules.
Need more than either one? Check short-term loan offers.
Frequently asked questions
Is Chime MyPay cheaper than Dave?
Usually. MyPay's instant fee is 3% capped at $5 with no monthly fee, while Dave charges the greater of $5 or 5% with no cap for most members plus up to $5 a month.
Do I need Chime as my bank for MyPay?
Yes. MyPay requires an active Chime Checking account and an activated Chime debit card.
Which states don't have Chime MyPay?
Colorado, Connecticut, Illinois, Maine, Massachusetts, Minnesota, Montana, New Jersey, New Mexico, South Dakota, Washington and Wyoming, per Chime as of May 2026.
How much can I get with Chime MyPay?
Most members start between $40 and $100 and can grow to $500; Chime's disclosure lists limits of $20 to $1,000.
Need more than a cash advance?
Compare short-term loan offers from lenders in our partner network. Checking offers is free; we are not a lender and Dave is not part of this network.
Keep reading
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Which accounts Dave supports for ExtraCash.
Dave fee calculator
Type an amount and see the fee, total cost and APR-equivalent.
Dave ExtraCash review (2026)
What it costs, who qualifies, and the catches, checked against Dave's own disclosures.
Sources
Checked November 12, 2026. Figures change; confirm in the provider's app.