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Dave ExtraCash™ aims to help everyday Americans combat inflation and higher costs of living; the new refreshed ExtraCash™ account provides overdraft advances up to $500 for members and now enables an instant spending option with the Dave debit card.
LOS ANGELES, June 16, 2022 /PRNewswire/ — Dave Inc. (NASDAQ:DAVE), a banking app on a mission to build products that level the financial playing field, today announced the rollout of Dave ExtraCash™ $500 and Instant to eligible new members with a plan for a full rollout through the summer months. Dave members who sign up for the Dave ExtraCash account will now also get a Dave Spending account to enable the instant spending capability for a small fee. Dave made the decision to increase its Dave ExtraCash overdraft advances limit from $250 to $500 to support members who often have financial emergencies exceeding the previous limits, as well as to help with rising prices due to inflation.
“The average American typically does not have $400 to cover financial emergencies,” stated Dave CEO Jason Wilk. “With this increase to $500 through Dave ExtraCash – which is the largest advance in the industry by far…
Full story available on Benzinga.com
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