What is FloatMe cash advance?

Yes. FloatMe lets members take out interest-free “Floats” that start at $10–$50 and can grow to $200 over time, but you can only have one Float out at a time. A $4.99 monthly fee unlocks this feature; there’s no credit check, tips, or late fees, and you pick the repayment date while the app auto-withdraws on that day. Standard ACH delivery is free and hits your bank in 1–3 business days, or you can get the money on your debit card within minutes for a $1–$7 instant-transfer fee. If a payment bounces they simply pause new Floats—nothing goes to collections or your credit report.

Some of the FloatMe cash advance requirements include:

1. Age & ID: You must be 18 + and have a valid Social Security Number or Tax ID.
2. Citizenship: Only U.S. citizens or lawful permanent residents qualify.
3. Address: A U.S. physical, APO, or FPO address is required. Service is unavailable to residents of CT (after Oct 1 2023), MD (after Aug 1 2024), DC (after Dec 7 2024), NV (after Jan 1 2025), and all U.S. territories.
4. Bank activity: Link the checking account where your pay hits. FloatMe reviews income deposits, spending habits, and your history with the app to set your limit (up to $200).
5. Credit-free: FloatMe skips hard credit checks, so your score doesn’t affect eligibility.

FloatMe isn’t just for last-minute cash. Your $4.99 monthly membership also unlocks several tools designed to keep day-to-day spending in check and help you sidestep overdraft fees.

Overdraft protection alerts

The app tracks your real-time balance and sends Overdraft Risk Alerts. If it looks like you’ll dip below zero, FloatMe can proactively offer you a Float so you can dodge your bank’s overdraft charge.

Cash-flow calendar

Paychecks, bills and recurring subscriptions are plotted on a forward-looking calendar. That daily balance forecast shows you exactly when money is coming in, when it’s going out and any dates where you might fall short.

Spending insights

FloatMe automatically tags recurring and frequent transactions, breaks down where your money goes and highlights potential savings. You also get a projected “cash runway” that shows how long your funds will last at current spending levels.

Smart notifications

Expect timely low-balance warnings, repayment reminders and short money-management tips that pop up before problems turn into fees.

Member savings offers

Inside the app you’ll find curated deals from 40+ partner brands. According to FloatMe, members have snagged more than $300 million in collective savings through these offers.