Albert App Review

Albert provides cash advances up to $250 without interest, traditional credit checks, or late fees, offering a budget-friendly alternative to payday loans. To qualify, you need consistent account activity, regular income, and a positive banking history. Advances range from $25 to $250, and there's no monthly fee required to access this feature.

You can choose a standard transfer to receive funds in 2–3 business days for free, or opt for an instant transfer within minutes for a fee between $5.99 and $14.99. Repayment is due six days after you receive the advance, with the option to request a seven-day extension in the app if needed. You can repay manually or set up automatic repayment, and there are no late fees or interest charges.

In addition to cash advances, Albert offers financial tools like budgeting, expense tracking, savings and investing options, and banking services with a debit card and cash back rewards. Some features may require a subscription plan starting at $11.99 per month after a 30-day free trial.

Albert might work well for you if:

• Quick cash access: You need a small cash advance up to $250 without a credit check, interest charges, or late fees.
• Financial management: You want integrated tools for budgeting, expense tracking, and monitoring bills and subscriptions.
• High-yield savings: You're interested in earning a competitive APY with a high-yield savings account offering rates over 9 times the national average.
• Investing opportunities: You'd like to invest in stocks, ETFs, or managed portfolios directly through the app.
• Cash back rewards: You enjoy earning cash back on debit card purchases at select stores.
• Early pay: You want to receive your paycheck up to 2 days early with early direct deposit.

When Albert might not be a good fit:

• Monthly fees: You're not willing to pay subscription fees starting at $11.99 per month for certain features.
• Eligibility requirements: You can't meet criteria like setting up qualifying direct deposits with Albert Cash or maintaining a positive banking history.
• Instant transfer fees: You prefer not to pay fees for instant cash advance transfers to your external account.

To qualify, you must meet the following criteria:

1. Direct Deposit: Set up qualifying direct deposits with Albert Cash.
2. Smart Money: Have Smart Money set to the "Automatic" schedule.
3. Account Activity: Demonstrate consistent account activity and income.
4. Banking History: Maintain a positive banking history.

Albert will then determine if you're eligible and the maximum cash advance they can offer, ranging from $25 to $250.

You can get your cash advance in your bank account within 2–3 business days with the free standard transfer.

If you need the money sooner, you can choose Instant Transfer to receive the funds within minutes. The Instant Transfer fee ranges from $5.99 to $14.99, depending on the amount of your advance.

Albert requires you to repay your cash advance within six days of receiving it. Keep in mind that:

1. Extension available: If you need more time, you can request an extension of up to seven days directly in the app.
2. No late fees: There are no late fees or interest charges, but if you don't repay by the due date, access to future advances may be suspended.
3. Impact on future advances: The longer you take to repay, the longer you might be suspended from accessing new advances.
4. Repayment options: You can repay manually in the app or set up automatic repayment with Smart Money deposits.
5. Balance offset: Albert reserves the right to use funds from your other Albert accounts to cover your advance balance.

Beyond the cash advances that Albert offers, and if you're willing to pay for a subscription starting at $11.99 per month, there are several other features that might help you manage your finances.

Budgeting and Expense Tracking

Albert lets you create a monthly budget and track your expenses so you can stay on top of your spending. With all your accounts visible in one place, you get a full picture of your financial health. The app also monitors your recurring bills and subscriptions, helping you manage and reduce unnecessary expenses.

Savings and Investing

With Albert's high-yield savings account, you can earn interest rates over nine times the national average. The app has automatic savings features that transfer money into your savings throughout the week, making it easier to build your nest egg. If you're interested in investing, Albert provides access to stocks, ETFs, and managed portfolios to help grow your wealth.

Albert Cash Account

The Albert Cash Account comes with a debit card that offers cash back rewards at select stores, turning your everyday purchases into savings. You can also get paid up to two days early with early direct deposit and enjoy fee-free withdrawals at over 55,000 ATMs nationwide.

Financial Guidance

For those on the Genius+ plan, Albert offers personalized financial advice within the app to help you build better financial habits and make informed decisions. These tools are designed to enhance your overall financial wellness, offering support beyond just cash advances.