 TITLE: What Is an Early Payday App? CONTENT: Three Types of Early Payday Apps\n--------------------------------\nEarly payday apps all aim to help you get money before your payday, but can differ in exactly how they do so. Generally, an early payday app is set up in one of three ways:\n*   **Available to any worker**: Some early payday apps, such as Earnin, are open to anyone, although they may require users to have a fixed pay schedule or checking account. With these, your employer doesn't need to do anything—or even know—that you're using the app.\n*   **Employer-sponsored**: Others, including DailyPay and PayActiv, require your employer to sign up and offer the program or app to its employees as a benefit. Companies may do this to help their employees with their personal finances, which may also help with employee satisfaction and retention.\n*   **Through an online bank or program**: There are also several online-only banks and membership programs that offer low-cost or free loans, overdrafts or paycheck advances. These services, including Dave and MoneyLion, may offer varying amounts based on a preset limit or a portion of how much you regularly earn.\nThe companies that offer these apps may also differ in the fees they charge. For example, Earnin doesn't charge any interest or fees, but allows users to leave a \"tip\" each time they use the service to get early access to their earnings.\nOther apps may charge a small fee each time you request early pay, and a higher fee for expedited processing. Employer-sponsored programs generally give employers the option to cover part or all of the fees their employees would otherwise pay. END