Skip to main content

What is a cash advance?

It's how we help you beat overdraft fees

Gladys avatar
Written by Gladys
Updated over 2 weeks ago

Cash advance is our answer to extortionate overdraft fees and the scary-expensive world of payday loans. The simplest way to request a cash advance is by subscribing to Cleo Plus or Cleo Builder. If you don’t want to subscribe, you can also request a cash advance by contacting customer service at team@meetcleo.com. You’ll still need to qualify and go through our standard eligibility checks.

Depending on your subscription and eligibility, Cleo could give you a no-interest advance of up to $250* to help you stay out of your overdraft. You pick your repayment date (anywhere between 3 and 14 US business days) and pay Cleo back that day using the app.

And no, this won’t affect your credit score.

*Eligibility requirements apply. Not all users will qualify. Advance amounts range from $20 to $250. Same day transfers subject to express fees. Visit meetcleo.com/terms for more information.

Did this answer your question?