Earnin Review: Pros, Cons, And Alternatives

Earnin is a financial services company that provides a paycheck advance. You can borrow up to $750 per pay period and the loan is repaid when your direct deposit hits your account.

There are no mandatory fees for the cash advance and no interest is charged — essentially making it a free payday loan.

If there’s one complaint about the financial system in the United States it is that the system isn’t fair. People with lower and unstable incomes often end up paying the most for financial services.

When you combine monthly checking fees (for keeping an insufficient balance), overdraft fees, and high interest debt (especially Title loans or payday loans), it is easy to understand why so many Americans struggle to get ahead. When the financial system seems stacked against you, it can be discouraging to try to make good money moves. But disruptive companies are looking for ways to serve underserved people.

Earnin is one of those disruptive companies. Earnin is a paycheck advance app that’s working to improve the financial lives of those living paycheck to paycheck. Here’s what you need to know about the app.

See how Earnin compares to other popular cash advance apps.