Klover App Review

Klover offers interest-free (but not entirely fee-free) cash advances of $5 to $200 to users who receive regular paychecks deposited directly into their checking accounts. Eligibility requires having an active U.S. checking account with at least $250 per paycheck, received every 7 or 14 days via direct deposit from your employer. The app doesn't perform credit checks or charge interest, but there is a $4.99 monthly subscription fee after a 30-day free trial.

Standard advances are free and arrive in your account within three business days. If you need the money faster, you can choose express funding, which delivers funds within hours for an optional fee ranging from $1.49 to $19.99, depending on the advance amount. You can reduce or eliminate this express fee by earning and redeeming points within the app.

Klover's points program lets you earn points by engaging with the app—watching ads, scanning receipts, inviting friends, and more. These points can be used to offset express fees or unlock larger cash advances. The app doesn't charge interest or hidden fees, but remember that the monthly subscription fee kicks in after the free trial.

Klover might work well for you if:

• Need cash fast: You need quick access to up to $200 before payday without credit checks, interest, or late fees.
• Engage to earn: You're willing to watch ads, scan receipts, and complete activities to earn points that can reduce fees or unlock larger advances.
• Standard funding works: You're okay with waiting up to three business days for a free standard cash advance.
• Regular paycheck: You receive direct deposit paychecks of $250 or more every 7 or 14 days from your employer.

When Klover might not be a good fit:

• Irregular income: If your income comes from self-employment, gig work, or unemployment benefits, as these are not accepted.
• Subscription fee: You prefer not to pay the $4.99 monthly subscription fee after the 30-day free trial.
• Need instant funds without fees: You need immediate cash but don't want to pay express fees or engage in activities to earn points.

Some of the Klover cash advance requirements include:

1. Checking account: Have an active U.S. checking account in good standing (savings accounts are not eligible).
2. Location: Be physically located in the United States.
3. Regular paychecks: Receive paychecks of $250 or more every 7 or 14 days, deposited directly by your employer's payroll system.
4. SSI payments: If you receive Social Security Income (SSI), it must be deposited electronically every 7 or 14 days (monthly SSI payments are not accepted).
5. Ineligible income: Income from self-employment, gig apps (like Uber or DoorDash), unemployment benefits, monthly income, non-payroll deposits, third-party apps, or cash transfers are not accepted.

Klover will then determine your eligibility and the maximum cash advance amount you can receive based on these criteria.

The free standard option drops the money into your bank in 1–3 business days.

Need it sooner? Choose Express and the cash shows up in a few hours. The fee depends on the size of your advance (you can shave $1 off for every 500 Klover points you apply):

• $5 advance: up to $1.49
• $25: up to $3.99
• $40: up to $5.89
• $50: up to $7.49
• $100: up to $8.49
• $125: up to $9.99
• $150: up to $11.99
• $200: up to $14.99
• $250: up to $17.99
• $300: up to $19.99

Klover will typically request repayment around your next payday. Keep in mind:

1. Repayment timing: For standard advances, Klover may charge your bank account or debit card after your paycheck is deposited or on the date you select in the app. For points-based advances, repayment is due seven days after you request the advance.
2. Select repayment date: You can choose your repayment date through the app when requesting the advance.
3. No interest: Advances are free with 0% APR and no interest. Be sure you have enough funds to avoid any overdraft fees from your bank.

On top of the cash advances that Klover offers, there are a few other features you might find useful.

Earn Points to Unlock Rewards

Klover has a points program that lets you earn points by engaging with the app. You can accumulate points by linking your debit card, connecting retailer accounts, scanning receipts, watching ads, playing games, and more. These points can then be redeemed to unlock larger cash advances, reduce or eliminate express fees for faster funding, or enter daily sweepstakes for cash prizes.

Daily Cash Sweepstakes

Every day, Klover offers a chance to win cash prizes through its daily sweepstakes. By using your accumulated points, you can enter for a chance to win $100, with five additional winners receiving $20 each. It's a fun way to potentially boost your cash flow.

Flexible Funding Options

Klover provides both standard and express funding options for your cash advances. The standard funding is free and typically takes up to three business days. If you need your money faster, you can choose the express funding option to receive your funds within hours for a variable fee. The good news is that you can use your earned points to offset or even cover the express fee, giving you quicker access to your funds without extra cost.