Earnin App Review | MobileAppDaily
Mobile App

Earnin App: Withdraw From Your Salary Without Fees

Earnin App lets you manage your money according to your comfort

Earnin App: Withdraw From Your Salary Without Fees

The traditional two-week pay cycle implemented in companies may not always work for everyone. Many wish that there were a way to access their paycheck earlier than the specified date of receipt. In fact, a majority of employees in the U.S. live paycheck to paycheck. This is why platforms that offer cash access options prove to be so relevant for many working people.

About Earnin App

Earnin is one such app that tries to address the gap period between your work and actual payday. Formerly known as Activehours from 2014, the company rebranded to Earnin in 2017. The company's philosophy is that workers have already earned their wages, and so they should be able to access the money anytime they need it.

The app is a financial service that lets you withdraw funds from your pending paycheck, depending on how often you work and your wage amount.

What's great about this platform is that there are no overdraft fees or additional charges when you access your wages. In addition, you don't need to go through tedious approval procedures to prove your eligibility. Earnin takes care of calculating how much you can withdraw before your payday.

Earnin is essentially a free service. Instead of charging fees for withdrawals, the company encourages users to leave a tip of up to $14 for its services, but this is completely optional.

Earnin App Features

Before you start using this app, do take note of its features. While Earnin app reviews are generally favorable, it still helps to know the finer details about this platform.

Key feature of earnin

1. Cash Advance Amount

Initially, the maximum amount of cash advance per day is $100. After using the service for a while without any issues, the amount you can access can increase up to $500 per day.

Earnin is also careful not to lend you more than what you can afford to pay back. Hence, the amount you receive corresponds to your salary and number of working hours.

2. App Fees

Technically, you don't get charged any interest or fee when using Earnin. The app is free, and each cash advance requires no additional fees.

Earnin makes money from the optional fees. As a user, you can choose not to leave a tip if you can't afford it at that time. Conversely, you can leave a tip during payday periods when you've earned a few extra dollars. It allows you to withdraw money without getting charged expensive overdraft fees by banks.

Plus, Earnin has an overdraft avoidance option called Balance Shield. This is a paid service ($1.50) that sends an amount of up to $100 to your bank account every time your balance drops below $100. The feature cushions your account from possible overdraft charges. This will be counted toward your daily allowable limit.

3. Approval Process

As Earnin is still relatively new as a financial service, the approval process can be more difficult than other more established services. Earnin staff might need a manual review of your timesheets or paystubs, which means you need to wait a few days to access the funds.

4. Safety

Anytime you share your bank account information, it’s important that you consider your safety. Earnin uses digital safeguards that it claims are comparable to what online banks use nowadays.

Earnin app’s security features

The Wrapup

Earnin is a viable solution for workers who want a way to replace payday loans while at the same time avoiding extra charges. With its no-fee, optional tips service and overdraft protection, you can gain an accessible way to withdraw the money you’ve already earned.

If you are an employee who has a direct checking account and a regular workplace, this service can help you manage your cash flow.

Still, the app has its drawbacks. Approval may take longer than most payday options out there. And Earnin is only useful for employees with a definite workplace and work hours records. If you mostly work from home, then Earnin might not be the best option for you.

Tanya <span>Editor In Chief</span>
Written By
Tanya Editor In Chief

She is a content marketer and has more than five years of experience in IoT, blockchain, Web, and mobile development. In all these years, she closely followed the app development, and now she writes about the existing and the upcoming mobile app technologies. Her essence is more like a ballet dancer.

Mobile App

Uber's New Campaign to Offer Flexibility to the Drivers

4 min read  

Uber is releasing a bunch of new features with its “180 Days of Change” campaign that focuses on providing flexibility to the drivers. The new changes are aimed to charge more from the users if drivers either need to wait longer for the ride or drive long distances. Additionally, new alg

Mobile App

HotelTonight Gets Acquired By Airbnb In Its Biggest M&A Transaction Ever

2 min read  

Airbnb has officially announced its acquisition of the HotelTonight, a last-minute hotel booking app. The acquisition deal is the Airbnb’s biggest M&A transaction ever.Talks about acquiring the best hotel deals provider, HotelTonight, have been going on since early March. According to

Mobile App

Tesla Mobile App Started Showing The Sign Of Model 3 Launch

4 min read  

Tesla Motors, the American automaker is aggressively working on its Model 3 under the supervision of Founder Elon Musk. However, the production of the car was a bit of a trouble-making process for the company, but the Tesla app shows signs that the model is coming real soon. The Tesla’s mobile

Mobile App

App Annie- Smartphone Users Will Spend $110 B On Mobile Apps In 2018

4 min read  

The mobile app Industry is at the boom right now, and the economy is touching the peaks every single day. But the mobile apps economy will go skyrocket in 2018 according to a new prediction. App Annie, the mobile app market data, and insights company published a new report predicting the new fiscal