Plaid is a financial technology company that provides a platform for connecting consumer financial accounts with various applications, including budgeting tools, personal finance apps, and investment platforms. Plaid’s API (Application Programming Interface) enables developers to build financial applications that can access users’ financial data securely.
Plaid’s technology allows for the secure exchange of financial data between users and their financial institutions, helping to automate many financial processes. By providing access to financial data through a single interface, Plaid aims to make it easier for consumers to manage their finances, track their spending, and make informed decisions about their money.
Some popular applications that use Plaid’s technology include Venmo, Robinhood, and Coinbase. In addition to its API platform, Plaid also offers a suite of tools and services for financial institutions, including authentication, fraud detection, and compliance solutions.
Many of the cash advance apps now use Plaid to verify users’ bank account information before their cash advance request can be approved on the apps. Some cash advances apps like Dave, Earnin, and MoneyLion uses Plaid and user must verify their identity through Plaid before the cash advance application can be approved.
However, they are still some apps like Dave that don’t use Plaid. This means that you can get a cash advance from this app without verifying your account on Plaid.
In this blog post, we will provide you with a list of apps like Dave that doesn’t use Plaid.
Apps Like Dave That Don’t Use Plaid
Dave is a personal finance app that provides users with cash advances, budgeting tools, and other financial services. While Dave uses Plaid’s API to connect with users’ bank accounts, there are other similar apps that do not rely on Plaid for this functionality. The list of these apps are:
DailyPay
DailyPay is a financial technology company that partners with employers to offer employees early access to their earned wages. It is not fully a cash advance app, but rather a service that allows employees to access their earned wages before their scheduled payday.
Through DailyPay, employees can transfer their earned but unpaid wages to their bank accounts or prepaid debit cards at any time, without waiting for their next payday. DailyPay charges a fee for this service, which is typically a flat rate or a percentage of the amount transferred.
DailyPay’s privacy policy differs from other cash advance apps as it does not explicitly require you to use Plaid. Instead, the policy states that users may opt to create or supplement their accounts using third-party websites or services. However, it seems that using a third-party service is not mandatory for users who register with DailyPay through their online form, where they will be required to provide their email address, mailing address, mobile phone number, date of birth, proof of identity documents, and set up a password.
Branch App
Branch is a mobile application that provides financial services to individuals, including personal loans and cash advances. A Branch cash advance is a short-term loan that allows individuals to access funds quickly for unexpected expenses, such as car repairs or medical bills.
You can get a cash advance from the Branch app without verifying your account through Plaid or any other third-party financial app.
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If approved, the loan funds are usually deposited into the borrower’s bank account within a few hours. Borrowers can repay the loan in installments over the loan period. The app charges interest rates and fees for its services, and borrowers should carefully review these before applying for a loan.
Line Cash Advance App
The Line cash advance app is a mobile financial application that gives financial aid to people through the cash advance feature on the app. This app gives cash advances to new and old users once they meet up with the criteria for getting an advance.
The Line app works independently from Plaid. As of the time of writing this post, Line apps does not state in any of their terms and policy that users will have to verify their account through Plaid.
On the Line app, you can get a cash advance from $20-$1,000 with little or no interest attached to it.
Grid Money
Grid is an instant cash advance app that gives you cash advances without needing to verify your account through Plaid. To apply for a cash advance on the Grid Money app, you need to download and sign up on the Grid Money mobile application.
Currently, Grid offers cash advances of $200 monthly but this amount may vary from individual to individual. If your credit score is low, you don’t need to be afraid because Grid money gives Cash advances without a credit check.
How do you avoid using Plaid?
The simple way of avoiding Plaid is to stop using financial apps that use Plaid for verification. You can switch to apps that don’t use Plaid or apps that use other third-party applications for verification aside from Plaid.
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Conclusion
Plaid is a financial technology company that connects user accounts with various financial applications. Many cash advance apps use Plaid to verify user accounts before loan approval. However, there are cash advance apps like DailyPay, Branch, Line Cash Advance App, and Grid Money that do not use Plaid for verification.
