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DAVE's ExtraCash Acts as Life Support for Underbanked Finances
ZACKS· 2025-07-10 00:40
Key Takeaways ExtraCash gives underbanked users up to $500 in interest-free cash advances. DAVE replaced its optional fee model with a 5% flat fee, capped at $15, to boost cost transparency. The mobile-first platform positions DAVE to meet rising demand for accessible, flexible banking tools.Dave Inc.’s (DAVE) ExtraCash service is a vital resource for the underbanked, a group often marginalized by traditional banking. This demographic made up 14.2% of U.S. households in 2023, according to the Federal Depo ...