By Editorial Team
Last Updated: Jun 13, 2025
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FloatMe is a legit cash advance app founded in 2018 and headquartered in San Antonio. While FloatMe offers cash advances of up to $50 without credit checks, interest, or late fees, it's important to note that in 2024, the Federal Trade Commission (FTC) took action against the company for deceptive and discriminatory lending practices. The FTC alleged that FloatMe made false promises of quick and free cash advances, charged fees for expedited advances, made it difficult to cancel subscriptions, and discriminated against consumers receiving public assistance. As a result, in September 2024, the FTC issued refunds totaling over $2.6 million to consumers harmed by FloatMe's practices.
Hundreds of FloatMe reviews from April and May 2025 that we analyzed suggest users can rely on the app. Here’s what they have to say about it:
Overall, most users find FloatMe to be a dependable backup when finances get tight, helping them cover unexpected expenses or bridge the gap until payday.
FloatMe advertises cash advances up to $200, but here's what users are saying:
So while FloatMe can help when you're short on cash, don't expect to get the full $200 right away. It seems you'll likely start with a smaller amount, and it may take some time for your limit to increase.
Even though FloatMe is a legitimate company, we found over 30 reviews published recently that describe the service as scammy (for context, this is out of hundreds we analyzed). About 25 explicitly call the service a “scam”, “fraud”, or accuse it of theft, while others mention unauthorized charges or hidden fees that made them feel deceived.
A few users express concerns about data misuse or identity theft, with one person claiming unauthorized access attempts after signing up. Many report paying the subscription fee but being denied advances, or being charged without receiving any service.
The overarching theme is that people feel misled or financially harmed, often pointing to unwanted subscriptions, difficulties in canceling, and poor customer service.