How to Find Instant Cash Advances Online

When unexpected bills hit, finding quick cash can feel overwhelming. 🆘 If you’ve ever been caught between paychecks with pressing expenses, you might be considering an online cash advance as a temporary solution.

While an instant cash advance can help you avoid missed payments, it’s worth understanding all your options first. Taking a few minutes to compare different cash advance types, costs, and terms will help you find the most affordable solution for your situation. 💡

MoneyLion offers a service to help you find personal loan offers. Based on the information you provide, you can get matched with offers for up to $100,000 from our top providers. You can compare rates, terms, and fees from different lenders and choose the best offer for you.

Table of contents

• What is an instant cash advance?

• How does an instant cash advance work?

• How do you get an instant cash advance online? 

• Introducing Instacash® from MoneyLion

• What to look for in a cash advance service

What is an instant cash advance?

An instant cash advance comes in two distinct forms: a credit card cash advance, which is essentially a short-term loan against your credit limit, or earned wage access, which lets you receive a portion of your already-earned wages before payday. With earned wage access, you’re not borrowing money – you’re simply getting some of your pay early for work you’ve already completed.

When using a credit card for a cash advance, you can withdraw cash from an ATM or participating bank using your credit card – though this typically comes with higher interest rates and additional fees compared to regular credit card purchases. 

Some employers may offer cash advances on earned wages through a payroll service. Oftentimes though, you’ll typically need to work with a third-party service. Just like credit card cash advances, earned wage access may involve fees.

And while many advertise as “instant cash” – deposits usually take up to several days for no charge. You may need to pay an fee extra for an immediate cash advance service that offers instant money or same day money.

👉 7 Best Cash Advance Apps 👉 7 Best Pay Advance Apps

How does an instant cash advance work?

When you need money today, instant cash advances can provide quick access to funds relatively through a straightforward process. Here are the key features to note:

Access limits: Credit card cash advances typically let you tap into 20-30% of your credit limit instantly. While earned-wage access service providers will set their own limits. 

Repayment terms: Credit card cash advances roll into your monthly credit card bill, while earned wage advances are automatically deducted from your next paycheck – no hassle, no remembering due dates.

Interest and fees: Credit card cash advances tend to include a small upfront fee plus interest of around 25% APR. Some instant cash advance services may charge flat fees and impose additional charges if you’re looking for a truly immediate cash deposit. Otherwise, you may have to wait a few days.

Spending flexibility: Your money, your choice! Cash advances largely give you the freedom to handle life’s expenses your way. Whether it’s unexpected car repairs or other sudden costs.

Processing time: Credit card advances put cash in your hand almost immediately at any ATM. While an earned wage advance may allow you to get instant cash for a small fee, or opt for standard processing in just a few business days.

👉 How to Get a $250 Cash Advance

How do you get an instant cash advance online? 

Skip the long applications and credit checks – getting an instant cash advance online can be as simple as choosing a reputable lender, providing basic personal and income information, and receiving funds shortly after if approved.

Research, research, research: Before applying for an instant online cash advance, take time to research your service provider. Look for well-established providers who’ve earned solid reputations — and don’t forget to compare interest rates, since they’ll impact how much you’ll pay back. 

Complete the online application: Ready to apply for an instant fast cash advance? Most lenders make it simple through their online portal or mobile app and most fast cash advance applications take less than 10 minutes to fill out. You may have to link up your bank account to the service provider.

Review and understand the terms carefully: Focus on the APR, repayment terms, and any other fees – responsible lenders will clearly disclose all costs before you accept.

Wait for approval: Next step is to submit your request — you should hear back shortly. For a response within minutes, cash advance service providers may charge a fee. Otherwise, you can expect to hear back within a few business days.

Introducing Instacash^® from MoneyLion

When life’s expenses can’t wait, MoneyLion’s Instacash advances up to $500 of your earned wages with no interest charges or credit checks – choose between fast delivery in minutes for a fee or free transfers within 1-5 business days.

Get Instacash

Step 1: Open an account

The first step is to open a MoneyLion account. You can sign up online or download the MoneyLion app via the App Store or Google Play. You’ll need to provide some basic information including your name, phone number, address, and Social Security Number. Plus, we’ll need to verify your identity with a valid government-issued ID.  

Download the MoneyLion App

Step 2: Set up direct deposits

To access up to $500 in Instacash, you’ll need to link your bank account to show recurring direct deposits. Simply follow the prompts in the app or through the online portal!  

Step 3: Request your Instacash

Once you qualify for your Instacash advance, tap the “Finances” button in the MoneyLion app. Then, click on “Instacash.” 

Choose how quickly you need your funds – opt to get a fast cash advance in minutes for a fee or select standard delivery in 1-5 business days at no cost. 

Step 4: Use your money!

After you’ve confirmed your Instacash amount, your funds will be on their way! Once they arrive, you can use them how you see fit – whether you need to pay bills, handle an emergency, or cover everyday expenses. 

No need to worry about remembering to repay, since Instacash automatically collects payment on your scheduled date, making repayment completely hassle-free.

👉 How to Secure a Cash Advance When You Need Money Quickly

What to look for in a cash advance service

When you’re researching quick cash advance options, you should be on the lookout for a few key features:

No interest: Look for services that don’t charge interest on your advances. Unlike loans or credit cards, MoneyLion’s Instacash gives you access to your money with zero interest – just a fee for optional expedited delivery.

Transparent fees: Look for services that disclose all their fees upfront. Some of the best providers offer flexible options, like MoneyLion’s choice between delivery in minutes for a fee or free standard delivery.

Quick signups: Some of the best fast cash advance services feature simple, straightforward signups without lengthy paperwork or complicated requirements. Look for apps that can verify your information quickly and securely.

Strong security features: Your financial data matters. Select a provider that uses bank-level encryption and security measures to protect your personal and banking information.

No impact on your credit: One of the best benefits of cash advances is that it won’t impact your credit if you repay it on time. Earned wage access products like MoneyLion’s Instacash feature no credit check and won’t affect your credit!

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Choose Your Cash Advance Provider Wisely

When seeking an instant cash advance online, it’s crucial to understand the difference between legitimate cash advances and predatory lending options. There are many predatory payday lenders out there that charge astronomical APRs of up to 400% and may require collateral. When you need instant money, protect your financial well-being by choosing established providers that offer cash advances with clear terms, no hidden fees, and no interest charges.

FAQs

How much does a cash advance cost?

MoneyLion Instacash provides free options to access cash and it comes at 0% interest. That said, if you opt for same-day delivery, there is a required Turbo fee.

How much can I receive with a cash advance?

Your Instacash limit depends on various factors depending on the size of your deposits, your account transaction history, and other information. With MoneyLion’s standard Instacash offering, you may qualify for a limit between $10 and $500 interest-free. 

How do I repay my cash advance?

Repaying your MoneyLion Instacash advance is simple and flexible. Choose to repay manually at your convenience, or let us automatically deduct the amount from your next direct deposit – with no interest charges, ever. We keep repayment hassle-free so you can focus on what matters most.