By Editorial Team
Last Updated: Jun 13, 2025
Read more
FloatMe is a cash advance app that lets you borrow up to $50 between paydays to cover small emergencies or avoid overdraft fees. They don't charge interest or late fees on these advances, called "Floats." Instead, there's a monthly membership fee to access the service.
To get started with FloatMe, you'll need to subscribe to their membership plan for $4.99 per month. Once subscribed, you can request a Float based on your eligibility, which considers your income and banking history. You can only have one Float at a time, and repayment is automatically scheduled for your next payday or when you have funds available. The app also offers features like overdraft risk alerts and spending insights to help you manage your finances.
To be eligible for a Float, you must be at least 18 years old, have a valid Social Security Number, and reside in the United States (excluding certain states after specific dates). You'll need to link your bank account so FloatMe can assess your anticipated income and transaction history. Founded in 2018, FloatMe is headquartered in San Antonio, Texas.
Yes, FloatMe gives cash advances, offering first-time users advances ranging from $10 to $50 to help cover small emergencies. Over time, eligible users may qualify for advances up to $200. There's a $4.99 monthly membership fee to access their services, but they don't charge interest or late fees on the advances themselves. You can choose standard delivery, which takes 1–3 business days and is free, or opt for instant delivery to your debit card for a fee ranging from $1 to $7, depending on the amount. Repayment is automatically scheduled for your next payday, and you need to repay your current advance before requesting another one. If repayment fails, they'll attempt to collect it up to two more times, but it won't affect your credit score.
To qualify for a cash advance with FloatMe, you'll need to meet the following criteria:
Note on Residency Exclusions: FloatMe services are not available in the following locations after the specified dates:
FloatMe determines your eligibility and the amount you can borrow (starting from $10 up to $200) based on your anticipated income, transaction history, interactions with FloatMe, and information from your linked bank accounts.
Besides the cash advances, FloatMe offers a few other features that might help you manage your finances better.
FloatMe sends you notifications if you're at risk of incurring overdraft fees. These alerts help you stay on top of your account balance and avoid those pesky insufficient funds charges.
The app includes a Cash Flow Calendar that provides a smart forecast of your upcoming week, predicting your available balance based on your regular expenses and expected pay dates. FloatMe also offers Spending Insights to help you understand your spending habits and identify any recurring or frequent transactions. This can be really useful to better manage your money.
Within the app, you can access personalized recommendations from over 40 financial partners. These offers are tailored to help you save or earn extra cash and may include products and services that match your financial interests.