I would love to see more of their budgeting system - seems like this could be an alternative to Simple Bank - for those of us panicking over losing Simple!
I read one of their articles stating that after we sign up for direct deposit, it can take up to TWO pay periods to start receiving the money into the account. If this is the case for many, why wouldn’t they tell you ahead of time when you’re singing up vs when you find it on your own?
Yep, you can set this up as your direct deposit for your work and they will allow you to get your paycheck up to two days early you’ll just have to set this up from within the app. Thanks for the great question!
Hmmm.... good question, I’m not exactly sure but I know they do offer those short term loans to spot you a few hundred bucks but other than that, I wouldn’t expect them to let your account balance Too far into the negatives before they turn off your card. Thanks for the great question!
@Andrea Williams they don’t hold money no online Fin Tech bank does only Traditional bank hold the money till the day it’s supposed to Be Deposit so the big back can make Interest on your money
Rn I'm in a hard spot I have dave and I need money to pay for Bills. I start my job on the 19th and if I want to 75$ and I dont have enough money to pay when they ask! What do I do?!
Thanks for the question. You may be able to get Dave or a similar platform to spot you the money for now knowing that you’re starting your job soon and will be able to pay this back. Thanks again for the question, I hope it all works out!
Their budgeting feature is the only reason to use it and no one seems to talk about it! It’s automatic finds your recurring expense for the month and tells you what you have left to spend. Plus you can you it with an external bank account. I’d rather pay 12$/yr with Dave. Than pay for YNAB.
The best course of action is obviously going to depend on your life circumstances but having that money set aside for an emergency fund isn’t necessarily the worst thing in the world in case emergency does happen. But there are lots of investment options that a CFP or CPA could help you explore as well. Thanks for the comment!
I don’t believe it was. I usually spend several weeks researching each platform before I review it but they are constantly adding and changing features so I don’t believe they had this when I made this video. Thanks so much for adding this great information in the comment section!
If by mobile deposit you mean depositing checks then yes! You’re also able to set up direct deposit from your employer if that’s an option for you as well. Thanks for the great question, I hope this helps!
If by cancel you mean close your account then absolutely. Just like most other bank accounts, it’s pretty easy to close it whenever you need to. Thanks for the great question!
Nice video! Excuse my ignorance but I’ve heard you mention “fin tech” banks and I’m not sure what they actually are, and if they are better than traditional ones
Thanks so much for the support I really appreciate it! "Fin tech" just means financial technology and refers to companies that take a more online model rather then traditional brick and mortar. I hope this helps!
Yeah I don’t like how you keep insinuating that if people “need to borrow 100” they need to look at their spending habits . Especially since you mentioned it more than once . You do know that not everybody makes the same amount of money 🤔 thought that was ignorant of you to say
Bro you killing me. 😶 & true I'm trying to improve still nice to know if I ever fall short I can get money with no interest. Especially since I have kids.
Dave is the worst one out there,,,they dont charge a fee but if you dont tip?you become an outcast and they find reasons not to deal with you..earnings is waaaayyy better
It’s not a scam. But…. Dave has the right to close your account at any time without reason or notification. They did it to me this week. Never a negative balance. Tip good on advances. Direct deposit. Closed my account just because.
They are absolutely doing something correct otherwise they wouldn’t be one of the largest national banks in the country haha. I only give them a hard time because I have had bad experiences with them in the past being charged for crazy fees and know several individuals who got caught up in their fake account scandal a few years ago. That said, I have absolutely no experience with anything outside of their banking services so it’s great to hear that they have a good 401(k) option. Thanks so much for the comment, I really appreciate it!
No sir, just because you have an account with them, in no way automatically makes them good, duh. They are one of the very worst in the whole world. Go watch the Dirty Money series on Netflix and see what their ethics are exactly because they are not good, to put it mildly.
@@MagnifiedMoney they're the McDonalds of banks based from unethical practice but yet managing to please most on a surface level and dominating the market.
Thanks so much for checking out this review! Let me know what you think of Dave Bank down in the comment section below!
Can I get a prepay card and load money on it and still use Dave app
Will Dave Bank transfer money in my bank account if I need money like $80?
ACE
ROB THE POOR AND GIVE TO THE POOR
Dave’s had my back for over a year or so . My debit card is arriving soon and I’m happy I’m finally switching
That’s awesome, thanks so much for sharing!
How do we get started with the account
The cash advance is a good way to put money away early before each check. It pays off
I would love to see more of their budgeting system - seems like this could be an alternative to Simple Bank - for those of us panicking over losing Simple!
I completely agree! Thanks so much for the comment!
I read one of their articles stating that after we sign up for direct deposit, it can take up to TWO pay periods to start receiving the money into the account. If this is the case for many, why wouldn’t they tell you ahead of time when you’re singing up vs when you find it on your own?
I got it within the next pay period. Really depending on your company.
Are you serious I’m supposed to get paid tomorrow and I used my dave for direct deposit that’s fdup
Still waiting my check
@@ekeithmelwreh8451 did you get it two pay periods?
I set direct deposit this past week an I got my check two days earlier. I get payed on the first of june an I got it on the may 30.
Do they have an option to lock your card on it
dave had my back blessing with 75$ dollars when i need it the most now with the card i get 200$ advance
Had a question for you
How long it did it take for you to get the 200 advance .. they give me 75 I been with them a year ?
@@mariediaz9225 if you get direct deposit and show them a few of em theyll give you 100$ then 200$ afterwards
Can we use this as direct deposit for work ? Also will they put your money 2 days before your pay day ?
Yep, you can set this up as your direct deposit for your work and they will allow you to get your paycheck up to two days early you’ll just have to set this up from within the app. Thanks for the great question!
@Justin Gahner of you have a saved account you have an account n routing number that's all you need to set it's up to use for direct deposit
How much does Dave allow you to go negative
Hmmm.... good question, I’m not exactly sure but I know they do offer those short term loans to spot you a few hundred bucks but other than that, I wouldn’t expect them to let your account balance Too far into the negatives before they turn off your card. Thanks for the great question!
Nothing. You can’t.
I just got Dave checking account I didn’t even know I was on a waitlist
Interesting… Hopefully you don’t have to wait too long!
@@MagnifiedMoney no I have them now I just Set up direct deposit with them
@Andrea Williams yes why would it
@Andrea Williams I don’t know it could take 2 to 3 Payrolls before it takes Affect
@Andrea Williams they don’t hold money no online Fin Tech bank does only Traditional bank hold the money till the day it’s supposed to Be Deposit so the big back can make Interest on your money
Rn I'm in a hard spot I have dave and I need money to pay for Bills. I start my job on the 19th and if I want to 75$ and I dont have enough money to pay when they ask! What do I do?!
Thanks for the question. You may be able to get Dave or a similar platform to spot you the money for now knowing that you’re starting your job soon and will be able to pay this back. Thanks again for the question, I hope it all works out!
What merchant support dave
Hey thanks for the review it was helpful
Who are you banking with?
Personally I have an account with a small local credit union near me but my main bank is through SoFi and that’s what I use for 90% of my banking.
@@MagnifiedMoney do u think the app dave is legitimate
Does it really help with credit building
Yes!
Their budgeting feature is the only reason to use it and no one seems to talk about it! It’s automatic finds your recurring expense for the month and tells you what you have left to spend. Plus you can you it with an external bank account. I’d rather pay 12$/yr with Dave. Than pay for YNAB.
i saved 7500 and have no idea what to do with it. it's jsut sitting in a savings account that earns virtually nothing.
The best course of action is obviously going to depend on your life circumstances but having that money set aside for an emergency fund isn’t necessarily the worst thing in the world in case emergency does happen. But there are lots of investment options that a CFP or CPA could help you explore as well. Thanks for the comment!
Was the “side hustle” feature not apart of Dave banking at the time of this video?
I don’t believe it was. I usually spend several weeks researching each platform before I review it but they are constantly adding and changing features so I don’t believe they had this when I made this video. Thanks so much for adding this great information in the comment section!
I am leaving my old bank and going to dave only. How do I delete my external bank account from dave app
Does Dave have mobile deposit
If by mobile deposit you mean depositing checks then yes! You’re also able to set up direct deposit from your employer if that’s an option for you as well. Thanks for the great question, I hope this helps!
@@MagnifiedMoney like if I wanted to take a picture of my check and deposit it?
So close to 1k subscribers!
Haha tell me about it. Should be sometime this week!
TD is technically a "major" bank but i think they're hugely underrated...
Great video by the way!
Very interesting. Thanks so much for sharing and for the support!
Can you cancel at any time???
If by cancel you mean close your account then absolutely. Just like most other bank accounts, it’s pretty easy to close it whenever you need to. Thanks for the great question!
Nice video! Excuse my ignorance but I’ve heard you mention “fin tech” banks and I’m not sure what they actually are, and if they are better than traditional ones
Thanks so much for the support I really appreciate it! "Fin tech" just means financial technology and refers to companies that take a more online model rather then traditional brick and mortar. I hope this helps!
Yeah I don’t like how you keep insinuating that if people “need to borrow 100” they need to look at their spending habits . Especially since you mentioned it more than once . You do know that not everybody makes the same amount of money 🤔 thought that was ignorant of you to say
Thanks for the feedback, I really appreciate it!
Bro you killing me. 😶 & true I'm trying to improve still nice to know if I ever fall short I can get money with no interest. Especially since I have kids.
Haha I really appreciate the suggestion. I hope you like the video!
Wells Fargo is bad but they got good Credit Cards & I think Zero Interest btw Sefcu is the best
I just got their debit card it's cute and dope!! I am going to switch to Bank of America to Dave!!! since i don't use any credit cards with them.
Thanks so much for sharing and congrats on the new account! Great choice for sure!
@@MagnifiedMoney Well actually, you can easily switch bank accounts with the dave app lol!! so it's i guess 50/50
@@MagnifiedMoney i just need to do two deposits of $200 and i will manage to build up my credit score.
Very informative
The Tares are telling humans they are not alone on Earth.
Great video!
Thanks so much as always!
And also I've heard of Dave nice video!
Thanks so much Xavier. I really appreciate it!
You have 999 subscribers right now
Haha I know! Only one more!
@@MagnifiedMoney 1k 🎉🎉🎉
Please please please do a review of level bank
Thanks so much for the great suggestion! I’ll add it to my list.
Dave is the worst one out there,,,they dont charge a fee but if you dont tip?you become an outcast and they find reasons not to deal with you..earnings is waaaayyy better
Very interesting. Thanks so much for sharing your experience!
I love you & Quintin banks
Thanks so much for the support I really appreciate it!
my account goes negative thanks to drugs!!!!!!
DAMN HOPE IT GETS BETTER
Stop doing drugs. Problem solved.
Can someone else send us money by any chance into our account
1k🎉🎉🎉
Thanks so much!!
is this a scam
Hahaha I don't think so! I have seen their ads on TV as well and they seem to have a decent following.
It’s not a scam. But…. Dave has the right to close your account at any time without reason or notification. They did it to me this week. Never a negative balance. Tip good on advances. Direct deposit. Closed my account just because.
@@benhibma9722 wow that’s crazy
Based upon a biblical story??? Hmmmmmmmmmmmm, now Im skeptical.
Hmm I actually never noticed that! Thanks for sharing.
Why u hate Wells Fargo so much😂😂😂😂
Dave card give me 1
It’s bs
Wells Fargo is a good bank. Have my 401K there and building up!
They are absolutely doing something correct otherwise they wouldn’t be one of the largest national banks in the country haha. I only give them a hard time because I have had bad experiences with them in the past being charged for crazy fees and know several individuals who got caught up in their fake account scandal a few years ago. That said, I have absolutely no experience with anything outside of their banking services so it’s great to hear that they have a good 401(k) option. Thanks so much for the comment, I really appreciate it!
No sir, just because you have an account with them, in no way automatically makes them good, duh. They are one of the very worst in the whole world. Go watch the Dirty Money series on Netflix and see what their ethics are exactly because they are not good, to put it mildly.
@@MagnifiedMoney they're the McDonalds of banks based from unethical practice but yet managing to please most on a surface level and dominating the market.
This guy is highly annoying!!!!!
But you watched his video 😮
@@justinkimble4654 And your point is???
@@Unknown-hu4gf to watched the video so obviously not too annoying
@@justinkimble4654 I surly didn't watch the whole video...
@@Unknown-hu4gf sure you didn't..😆