Earnin Review 2024

Earnin is a popular app that helps users earn income from their work sooner. In the online application, you can take a small loan. In addition, the company keeps track of your hours worked. With a timesheet or by tracking your location. The app also has a feature that notifies you when your bank account balance drops and a feature that refills it for a fee.

To use Earnin advances and its other features, you need to link your bank account to the app. Earnin automatically collects the advance money when your direct deposit check arrives in your bank account.

In this article, you can read a detailed review of Earnin. We examined in detail how the application works, compared the pros and cons of the company, and also studied additional fees and conditions for obtaining loans.

Earnin Review

 Pros and Cons of Earnin

Earnin is a feature-rich application. Even though the platform has a benefit, it is still not perfect. We have considered the advantages and disadvantages and highlighted them in the lists below. We invite you to take a look at them:


  • Lack of interest rates
  • Having a cash advance
  • Automatic withdrawal
  • Fast funding


  • Requires access to your bank account
  • Not suitable for the unemployed
  • Small amount of money

 What is Earnin?

Earnin is designed to address urgent monetary needs. It is great for those who don’t want to pay more than the amount of money they borrowed. There are no hidden fees in this app. All financial transactions are transparent.

One of the biggest advantages of the app is the ability to take back money that you have already earned but have not yet received from the work done. This is a good feature for full-time employees.

There are situations when you want to buy something urgently, but there is not enough money. Then Earnin comes to the rescue. Funds will be issued and withdrawn directly from your bank account on the next payday, provided you have a stable source of income. But if you do not have a stable job or a full-time position, you will not be able to qualify. Therefore, this application is not suitable for a job search.

The loan amount varies from $50 to $100. This amount may seem insufficient to some employees. Therefore, you may need to look for alternative borrowing options if you have an emergency.

How does Earnin Work?

Earnin can be called an alternative to payday loans. An app that pays you in advance for the work you do. Using a GPS tracker, Earnin keeps track of the time you go to work and spend on it. It then calculates your income based on those factors.

Then, using the Cash Out feature, Earnin will give you up to $500 in advance from your next paycheck. Customers do not need to pay interest charges for using the service. However, users in some states will have to spend some money for a fee for opting to obtain Cash Out faster.

To get access to all the functionality, you need to create a profile in the application and give it access to your checking account. Then, depending on your style of work, you will be given different opportunities. If you’re an employee, the app can use your phone’s location tracking to make sure you’ve been to work. If you do work from home, then Earnin tracks your hours of operation.

To do this, you need to send a work email address to confirm employment. If you are the second type of worker – hourly workers – you need to upload photos of your daily schedule or just use location tracking.

The last type is workers on demand. Upload photos of receipts for your tasks, such as a Postmates delivery confirmation or a Grubhub order. Earnin automatically downloads Uber ride receipts.

Features & Services of Earnin

There are two types of Max community features in Earnin. The first is daily. You can cash out on the day. All community members receive $100 a day. The second type is the so-called payment period Max. This is what you can cash out during this pay period. All of our new communities start with a maximum payout of $100. Over time, depending on a number of factors, it can change in the range of $50 to $500.

Earnin may adjust the Max billing period at any time. The maximum payment period is determined based on numerous factors that are related to the assessment of the financial condition of the client. These factors are subject to change at any time at Earnin’s sole discretion.

Earnin does not charge any interest or commissions. If you use the app sparingly, and stick to the terms and conditions, then Earnin can be cheaper than overdrafting your bill or getting a payday loan.

Regardless of whether you tip, you will still receive all products and services in full. Tips can range from $0 to $14 and are deducted from your payday by Earnin, along with the money you borrowed. Let’s say a $2 tip on withdrawing $20 in two weeks represents an annual interest rate of 260%, which is slightly lower than the rates that payday lenders charge.

You will receive the money in your account within one to two business days if you make a request on a weekday. If you make a request on the weekend, you will receive the money on the second business day. It is possible to receive money immediately, but only if your bank supports it.

An additional feature in the application is overspending notifications called Balance Shield Alert. It informs you in the form of a notification that your account balance falls below a certain amount. The Balance Shield Cash Out is free for one-time use. When you set up this feature, the app prompts you to pay a tip when it’s triggered.

If you don’t set a hint, Balance Shield will only protect you once. Reusing Balance Shield Cash Out requires a fee of at least $1.50, but signs are free. The app also offers help to track reconciling medical bills and finding payment plans with its Health Aid product. You decide how much to pay for the service.

Earnin Fees & Rates

Earnin says annual interest rates (annual percentage) are an unfair way of measuring the value of a tip. However, the APR is the best comparison for all loan products.

It can help you decide if the price of one option is fair compared to others. APR is the annual interest rate charged when you request money in advance. It combines a nominal interest rate and additional fees that may be incurred when obtaining a loan. The annual interest rate for quick loan options varies.

Credit terms and conditions depend only on the lender, based on the client’s credit score, income, credit history and other factors. The lender has to advise you of the annual interest rate and other loan terms before entering into an agreement.

Under strict laws, some states limit the APR rates and fees a lender can charge a client. Besides, the lender is the one who can inform the client about specific rates and conditions per local law.

For example, if you borrow $100 seven days before payday and tip $2, your loan has an APR of 104.3%. Earnin just asks for voluntary tips that don’t exceed $14.

You can automatically turn on the overdraft fees protection feature by setting a recurring tip of at least $1.50. In addition, you can sign up for the Fast Loan Delivery feature, which costs between $1.99 and $3.99, depending on the amount of money you need. Otherwise, it usually takes one to three business days.

Safety and Security of Earnin

The app uses a One Time Password (OTP). This is a verification code sent via email or text message as an additional security measure to keep accounts secure. It is used when you need to update personal information, such as phone numbers and email addresses.

When you update your personal information, you will be prompted to send a code to your phone number or email address. The platform asks community members to submit screenshots of banking information to ensure that credit and debit transactions are sent to the correct bank account and to confirm that the community member applying is the owner of the Earnin account.

All customer data is encrypted. Earnin use the latest technology to keep your information secure. The company never sells your information or violates your privacy. The app works best when you allow permissions 24/7. If permissions are disabled outside business hours, your information may not be accurately processed, and Earnin may not accurately log your hours.

Is Earnin Legit?

The business has been in existence for almost 10 years. Therefore, it is accredited by the Better Business Bureau (BBB) after being reviewed by the national consumer organization and successfully meeting all their stringent requirements.

The rating is compiled based on the information that the platform receives about the business, as well as customer reviews. The BBB rating and accreditation is A-, which means that the platform is reliable and of high quality. And also that users have highly appreciated its functions over the years of existence.

Earnin Platform Supported

As we said earlier, this application connects to the user’s bank account. The main requirements are a stable income and a valid bank account. The app does not conduct any credit checks and does not require mandatory tips.

You can receive money and control your work productivity through your smartphone or tablet anytime and anywhere. By turning on and allowing the application access to the GPS tracker, you can calculate your income based on your time at work.

As with other financial apps, safety is paramount. Built-in budgeting tools are one of the biggest benefits of no credit check cash dispense apps. Earnin has read-only access to your financial accounts, and all your sensitive data is encrypted.

To take advantage of the useful features of this platform, you just need to download the app from the Android or iPhone app store. It is available for free.

Customer Service at Earnin

Helping and being helpful to customers is one of the main goals of Earnin. In case you have any problems with the application, registration or connection, you can contact support.

Write to the 24/7 in-app support chat or contact the company via Facebook or Twitter DM. You can also get advice on all issues at any time of the day or night. You can find answers to frequently asked questions on the website.

If you need to know more than is on the list, you can write to the mail indicated on the site. The same is possible in the mobile application. Customer support works Monday to Friday, around the clock, and is on a high level. Earnin never contacts or calls their customers.

For which Needs Earnin Fits the Best?

Periodic use of Earnin may be helpful if you have a small emergency. If you need to get your next paycheck in the short term to pay bills or buy the right thing, then this application is also for you.

By using Earnin’s electronic timesheet at work, you can monitor your productivity and work on work mistakes. This is a very useful time management tool. The platform does not care about your credit score and how much income you have. This application is also suitable for those who have their own current account and prefer to pay by direct deposit.

The average overdraft fee is $34, but with Earnin you won’t have to pay it and overdraw your bank account. The application will not suit you if you often do not control your expenses and spend more than you earn. Suppose you are self-employed or work with multiple employers.

Don’t use Earnin’s upfront payments. Instead, you can create a reserve fund that can cover normal financial costs. So, keeping a budget that includes money for living expenses, savings, and entertainment costs can help you avoid living paycheck to paycheck. NerdWallet recommends using a budget of 50/30/20 for the previously stated monetary costs.

 What are Apps Like Earnin?

All payday loan applications have similar and distinctive features. So Earnin also has alternatives. They are comfortable and have the same features. You can see some short information about three of them below:

Loan app Loan amount Speed without paying a fee Fast funding fee Other fees
Dave $5 – $200 Up to 3 days $1.99 – $5.99. $1 monthly membership fee.
Brigit $50 – $250 1 to 2 days None. $9.99 monthly subscription fee.
MoneyLion $25 – $250 12 to 48 hours. $0.99 – $7.99. None.

The Review Process

Among all the applications for those who frequently use the features of an instant loan application, Earnin definitely stands out. The review process took some time. We did lengthy professional research before adding this platform to our list.

When choosing, we were guided by the rigid technical qualities of the platform, the company’s experience in the market, independent customer reviews and expert assessments.

We studied whether Earnin has interest on a loan and whether it issues loans. This was the basis of our assessment and our conclusions.

In addition, you noted which banks the company cooperates with, how quickly it processes applications and whether there are fines. From this came our review of Earnin. Our team of experts has many years of experience in lending.

We cooperate only with the best tools and organizations. Experts undergo annual advanced training. Our staff is actively working on updating the database of various platforms and applications in order to present them to you.

We take full responsibility for the result of our inspection. Since we ourselves test applications, use all the functions and draw conclusions.

Is Earnin Worth it?

Using Earnin you can only access money after you have earned it. But new users can access up to $100 during the payment period. After that, you can access different options for the amount of money.

Users can access a maximum of $100 per day, up to $500 per pay period. To receive money, you need to give the application access to check your hours worked. Earnin is a good opportunity to spend the earned money on needs before payday.

In addition, it happens very quickly if you send a request through the application: only 10 minutes. The choice is yours. But we recommend this application with great pleasure. There are few alternatives for him.

But Earnin is not inferior to them in terms of ease of use and speed of issuing money to its customers. In addition, the customer service is excellent, and all your problems will be solved immediately.

To ensure the highest level of transparency and to help you understand the basis of our evaluations, we invite you to explore our detailed review methodology


Yes, it works. Earnin is constantly testing new ways to support Chime users. But since many Chime users get paid two days earlier than the scheduled day, Earnin was previously unable to support all Chime users fully.

Earnin will not affect your credit score because the platform does not share your information with credit bureaus.

Users can access a maximum of $100 per day, up to $500 per pay period.

Earnin does not check your credit, or affect your FICO score. But, if you register in Earnin Express, you will be asked to enter your Social Security number to verify your identity.

Earnin won’t affect your credit report, so you don’t have to worry about your current credit scores.

The Founder is Ram Palaniappan. Earnin is located in Palo Alto, California, United States. Founded as Activehours in 2013, the app launched in May 2014.

Earnin provides services to you through an escrow account agreement between you and Evolve Bank & Trust. Evolve Bank & Trust is a member of the FDIC, and all funds associated with your deposit account belong to it.

You can request as much money as you want, but only after you pay back what you borrowed from Earnin.

The money will be in your account within minutes if you have the Lightning Speed feature. Even on weekends and holidays. Without Lightning Speed, your money will be in your bank account within 1-3 business days.

The company needs 2-3 business days to verify your information fully.

Yes, Earnin lets you cash out your paycheck instantly.

You can access a maximum of $100 per day, up to $500 per pay period.

If Earnin’s Cash Out payment is not returned, you will not be able to continue using the services of the company, even if you reactivate your account and register again. In any case, you will have to compensate the funds. The Earnin team can only roll over your debit to the next billing period if you notify the company at least 3 business days prior to the original debit date.

Earnin works from Monday to Friday, 24 hours a day. The company operates the whole week to provide safe and high-quality service to you.