What is Vola Finance cash advance?

Yes, Vola Finance provides cash advances up to $500, depending on your subscription level and eligibility. If you're on their $6.99 monthly plan, you can borrow up to $40, while the $20 monthly plan may let you access up to $200. There are no interest charges or late fees, and you have up to 30 days to repay, choosing your own payback date and even extending it if needed. You'll receive the funds instantly through the Vola Card or directly to your bank account, all with no extra fees.

Some of the Vola cash advance requirements include:

1. Age & residency: Be at least the age of majority in your state and a U.S. citizen or legal resident.
2. Seasoned account: Link a checking account that’s been open for 3+ months.
3. Active balance: Keep an average balance over $150, show transactions on most days, and receive regular deposits.
4. Good standing: Have no more than two advances in the past 30 days and repay any outstanding advances first.
5. Upcoming need: Vola’s algorithm must see you’re likely to run short on funds before your next paycheck.
6. No credit check: Eligibility is decided without pulling your credit report.

Hit all of the above and Vola will let you know how much you can borrow—up to $500.

Beyond offering cash advances, Vola Finance provides several additional features that can help you manage your finances and build your credit.

Vola Card

The Vola Card is a secured credit card that gives you immediate access to cash advances. You can use it anywhere for purchases, and it helps you avoid overdraft fees by letting you pay on your own terms. What's more, the card can help you build your credit score by automatically reporting your payments to credit bureaus. There's also a rewards program where you can earn cash back by redeeming points for real cash.

Credit Building Tools

Vola Finance offers tools to help you improve your credit. You can enhance your credit score by reporting eligible payments like rent and utilities. The app includes a credit score tracker, so you can monitor your progress over time. Plus, you'll receive personalized insights and guidance to help you develop better financial habits. You can also manage all your loans and credit balances from one dashboard and get tailored strategies to pay off balances efficiently.

Budgeting and Expense Tracking

To help you stay on top of your finances, Vola provides smart budgeting tools. You can track your income and expenses, get estimates of upcoming bills, and set up payment alerts so you never miss a payment. The app also analyzes your spending patterns to identify ways you can save money.

Overdraft Protection

Vola Finance helps you avoid overdraft fees with proactive monitoring of your bank balance. You'll receive low balance alerts and can access overdraft advances to prevent overdraft charges. By utilizing cash advances and the Vola Card, you can maintain sufficient funds and financial stability.