<\/p>\n
Read on to find out.<\/p>\n Sometimes the car breaks down, the dog gets sick and needs to go to the vet, the refrigerator breaks \u2013 life happens!<\/p>\n When this stuff happens though, it can be a huge strain financially, especially if you don\u2019t have savings to fall back on, and many of us don\u2019t.<\/p>\n We\u2019re supposed to allocate 10% to 20% of our income for savings.<\/p>\n However, for many of us, that simply doesn\u2019t seem possible, and the numbers show it.<\/p>\n Statistics<\/a> show that 21%, so that\u2019s more than 1 in 5, of Americans don\u2019t save any of their income.<\/p>\n This means that we don\u2019t have enough money when things like the aforementioned sick dog or broken fridge appear.<\/p>\n Unfortunately, people who find themselves struggling financially turn to payday loans.<\/p>\n These charge huge amounts of interest, meaning that while they may provide financial relief in the short term, in the long term, they can wreak havoc with your finances.<\/p>\n There\u2019s one app though that\u2019s claiming to offer another solution, and it\u2019s called Earnin.<\/p>\n Some people may confuse it as one of those apps to make money with<\/a>, but it is not a money making app per se.<\/p>\n Earnin is an app that lets you borrow money against your paycheck.<\/p>\n Its motto is simple, \u201cYou worked today. Get paid today.\u201d<\/em><\/p>\n With the company, you can borrow money before payday, and then the app will deduct the amount you owe when your paycheck is direct deposited.<\/p>\n You can check out the official website here<\/a>.<\/p>\n There\u2019s an app available. Here\u2019s where you can get it:<\/p>\n Now that you know how it works, we\u2019re going to give you a more detailed guide to using this app.<\/p>\n First, let\u2019s start with the question many people have:<\/p>\n \u201cHow do you qualify for Earnin?\u201d<\/em><\/p>\n If you want to use the app, you need to fit the following requirements:<\/p>\n Here are the steps you need to take in order to get paid with the app.<\/p>\n Once you have the app, you\u2019ll need to create a profile.<\/p>\n This is pretty simple to do.<\/p>\n Here\u2019s how to do it:<\/strong><\/p>\n Now, you\u2019ve created your profile, and it\u2019s time to start adding more information.<\/p>\n You\u2019ll also need to provide your bank account info. This is so that the app can:<\/p>\n The app says it will never debit more than you have cashed out (plus tips if you give one).<\/p>\n To choose your bank from the drop-down list of banks that the app supports, click \u201cConnect to Your Bank\u201d<\/p>\n If your bank doesn\u2019t appear in the drop-down menu, then use the search box at the top to search for it. Just enter the same of your bank and the app will search for it.<\/p>\n It\u2019s really important to note that not all banks are supported. So, if after you search for yours it doesn\u2019t appear, then your bank might not yet be supported.<\/p>\n The app says that it\u2019s working to support more banks and that you should check back in the future to see if yours has been added to the list.<\/p>\n The app doesn\u2019t support all account types.<\/p>\n You can\u2019t use a shared bank account that\u2019s already used by another person.<\/p>\n Basically, the app doesn\u2019t support two accounts using the same bank information.<\/p>\n Once the co-owner has closed their Earnin account, you can sign up for the app using a joint bank account \u2013 you have to wait 30 days before cashing out though.<\/p>\n You can contact the company for assistance if you need help linking a joint bank account that\u2019s previously been used.<\/p>\n Also, the app doesn\u2019t support prepaid accounts, as it can\u2019t guarantee a successful transfer.<\/p>\n So, the following prepaid accounts are NOT supported:<\/p>\n Also, it doesn\u2019t support Paycards from employers, like the Walmart Money Card, for example, because they work similarly to prepaid accounts.<\/p>\n Finally, Bancorp Bank doesn\u2019t work with the app in a way that allows the app to transfer money to and from accounts successfully. So accounts from Bancorp Bank aren\u2019t supported.<\/p>\n You could consider setting up a new bank account if it doesn\u2019t support your current one. Earnin recommends BBVA<\/a>\u00a0bank, as it sends transaction updates quickly, and offers Lightning Speed (more on that below).<\/p>\n You need to find and confirm your employer in the app. If you aren\u2019t able to find your employer, just click on the magnifying glass, which you can find in the top right corner of the screen, and enter the name of your employer. If your employer doesn\u2019t appear on the list, then you can add it as a new employer.<\/p>\n You\u2019ll also need to add your work address. By clicking on the magnifying glass, you can start adding your work address and confirm it.<\/p>\n If you\u2019re actually at your work location, then just tap on \u201cThis is my work location.\u201d<\/p>\n You\u2019ll need to add your employment info, to help the app recognize your pay schedule, and your earnings in the app.<\/p>\n You need to enter the required information, choose how your work hours are tracked, and then select your pay type:<\/p>\n Now, there are two ways to send your payment information to the app.<\/p>\n One option is through Timesheet Earnings.<\/p>\n Your timesheet is how you track the hours that you\u2019ve already worked.<\/p>\n So, you might clock in and out at work each day, or you might keep track of hours on your own.<\/p>\n Basically, your timesheet is how your employer keeps track of the hours you\u2019ve worked, and a way for the app to keep track of how much you\u2019ve earned.<\/p>\n It\u2019s important to note that your timesheet is completely different to your schedule, which is the hours that you\u2019re going to work in the future, or a pay stub, which is the hours you were recently paid for.<\/p>\n Timesheets are solely focused on tracking how many hours you\u2019ve worked but have not yet been paid for.<\/p>\n Your timesheet will need to include:<\/strong><\/p>\n Uploading your timesheet is pretty easy<\/p>\n On the home screen, select \u201cAdd Timesheet.\u201d<\/p>\n Then take a photo of the hours you\u2019ve worked from a computer or punch clock screen.<\/p>\n You can also upload a screenshot from your camera roll.<\/p>\n Or, you can send photos of your timesheet by email to [email\u00a0protected]<\/span><\/a>.<\/p>\n If you need assistance in adding your timesheet, you can contact the app through its 24\/7 chat support.<\/p>\n Also, where you work and how you get paid can affect how you add Timesheet Earnings:<\/p>\n That\u2019s basically how timesheets work!<\/p>\n It\u2019s important to note that the app can\u2019t process:<\/p>\n Now, if you can\u2019t add your timesheet using the methods we mentioned, then you can get the app to track your time worked automatically, using your work location.<\/p>\n It does this through a feature that we briefly mentioned above called Automagic Earnings.<\/p>\n The second way to add your pay is to use the Automagic Earnings feature.<\/p>\n Rather than manually uploading your income through Timesheets, you can use the Automagic Earnings Feature and based on your work address, the app will automatically add the money to your account<\/a>.<\/p>\n Basically, the AE feature replaces the need for a timesheet.<\/p>\n If you want to use this feature you need to have a fixed work address, and you need to enable your phone\u2019s GPS (locations services) and keep it on at all times.<\/p>\n The company recommends leaving the battery saver off your phone because it can affect GPS. So it could automatically turn off your phone\u2019s GPS without altering you and therefore impact the AE feature.<\/p>\n If you do have battery saver on, make sure to check the app every few hours to ensure that your Earnin GPS is still running.<\/p>\n Also, don\u2019t swipe up or to the side in the app to close it because some devices need the app to run in the background of your phone.<\/p>\n Here\u2019s how you can enroll in AE:<\/p>\n If the app\u2019s system recognizes your work address, then you will see money added to your account within 1 to 2 days of working.<\/p>\n Also, the feature has a set maximum of 14 hours per day to account for overtime work.<\/p>\n The app says that since most hourly workers work 8 to 9 hours a day, the AE feature stops loading money after 14 hours.<\/p>\n Once you\u2019re enrolled, your earnings are calculated by your hourly rate and the amount of time you\u2019ve spent at work \u2013 using your GPS.<\/p>\n Your hourly rate is based on direct deposits from your employer, and earnings are always after tax.<\/p>\n On payday, your balance will return to $0, and the next pay cycle will begin. Then, next time you go to work, your earnings should start to accrue again.<\/p>\n If you don\u2019t have a single work location, then you won\u2019t be eligible for AE.<\/p>\n Earnin also has to verify your bank account.<\/p>\n It does this by sending test transactions, which are under $1. The app does this basically to make sure that the account information is correct, and that it can successfully deposit and withdraw money from the account.<\/p>\n There are a couple of things to keep in mind at this stage.<\/p>\n Firstly, if you see test transactions appearing on your account, yet the app says it\u2019s still verifying your bank, then in the app, contact the support team.<\/p>\n Also, just in case your bank account has a negative or a low balance, the app will pause transactions so that you can avoid overdraft fees. And then once it detects that you have a positive balance, it will send out the transactions to complete the verification process.<\/p>\n That seems like a lot of steps, I know, but it\u2019s so simple to do when you\u2019re using the app.<\/p>\n Once you\u2019re all set up, and your bank if verified, you can cash out your money when you see your available cash in the app.<\/p>\n Like we said above, you can add your work address during signup, and get your money added to the app automatically, or you can add your money by uploading a photo of your work timesheet.<\/p>\n To cash out, visit the home screen on the app.<\/p>\n Then, click on the \u201cCash Out\u201d button.<\/p>\n It\u2019s that simple.<\/p>\n Like we said above, there are quite a lot of steps in the setup process, but once you are set-up and everything is verified, getting your money is a pretty simple process.<\/p>\n While it normally takes a couple of days to get your money from Earnin, there\u2019s a feature called Lightning Speed, which gets your money to your account in seconds, even on the weekends or during holidays.<\/p>\n If you want to use the Lightning Speed feature, then you\u2019ll need to see if your bank is eligible.<\/p>\n Here\u2019s how to do it:<\/p>\n Now, it will take the app about 1 business day to verify your card. It will send a small test deposit, which will appear in the account you linked.<\/p>\n If you find that your cash-outs aren\u2019t posting to your bank account at Lightning Speed, even though you already had your debit card uploaded, then re-enter your debit card info.<\/p>\n You can also contact support if Lightning Speed still doesn\u2019t work, and they\u2019ll be able to assist you.<\/p>\n And, don\u2019t forget to update your card in the app if it\u2019s expired, lost or stolen. Just update your information when you receive your new card, and you\u2019ll continue to get money at Lightning Speed.<\/p>\n Earnin will debit your bank account on payday to get the money back that you cashed out.<\/p>\n It doesn\u2019t work directly with your employer.<\/p>\n Instead, it will just automatically debit your bank account for the amount you cashed out, plus tips, if you gave any, but more on tips below.<\/p>\n This will be a separate transaction from your direct deposit.<\/p>\n Handily enough, the app allows you to view your upcoming debits by tapping on the calendar icon in the app.<\/p>\n You can also check to see if the app has the right pay schedule on file.<\/p>\n Just go into \u201cSettings\u201d, then \u201cWork Info\u201d, then \u201cShow Payday Info\u201d.<\/p>\n If your information isn\u2019t correct or if there will be any changes in your payroll, just contact the company, and the app will help you out.<\/p>\n Okay, now you know how to get set-up and how to borrow money from the app.<\/p>\n Now you\u2019re probably wondering, does the Earnin app charge a fee?<\/p>\n No!<\/p>\n Although most short-term loan providers do charge really high fees or interest, Earnin does not.<\/p>\n It does not charge fees, there\u2019s no interest, and there are no other hidden costs.<\/p>\n Now, you can leave a tip if you want to.<\/p>\n The amount you tip is really up to you.<\/p>\n In fact, you don\u2019t have to tip anything at all if you don\u2019t want to.<\/p>\n Also, the app promotes community. So you can pay it forward to other community members and pay to cover their tip, and other community members can support you.<\/p>\n Basically, if you have a little extra, you can give it to someone who needs it, and if you come up short, then someone in the community can help you.<\/p>\n The app says that it relies on its user community to support the work that it does and that if you pay for your Cash Out, you\u2019re supporting the app, and its community.<\/p>\n While Earnin might primarily be known as an app that provides short-term loans, it also has a cashback program, called Earnin Cash Back Rewards.<\/p>\n Here\u2019s a quick guide to how this cashback program works.<\/p>\n To join the cashback program, tap the \u201cCash Back Rewards\u201d superpower.<\/p>\n Then, follow the steps under \u201cEnroll in Rewards.\u201d<\/p>\n It\u2019s important to note that to enroll, you will need a Visa, MasterCard or American Express debit or credit card.<\/p>\n Also, you need to have followed all of the general set-up stuff, including linking your bank account, that we mentioned above before you can register for cashback rewards.<\/p>\n Now that you\u2019re enrolled, you can browse offers at participating stores.<\/p>\n Just open up the app, and tap on the \u201cCash Back Rewards\u201d superpower.<\/p>\n Then, you can browse offers within the \u201cOffers\u201d tab.<\/p>\n The app makes it pretty easy to see what cashback you can get at each store as well. Each store shows a cashback percentage, and the location, phone number and website for the store.<\/p>\n Now, you can shop as you regularly would. Just use your enrolled card to do so \u2013 it\u2019s important to note that only credit transactions will earn you rewards.<\/p>\n If you are using a debit card, then you\u2019ll need to run the transaction as credit to get your rewards. The app says that when running the sale as credit, you will be prompted to sign for the purchase, rather than entering your PIN at the checkout.<\/p>\n Once your purchase clears, your cashback rewards will appear in your account. You will get a push notification or an email notification right after your purchase. Then, within a few days, your cashback will be available to redeem.<\/p>\n To redeem your rewards, just open up the app, and tap on \u201cCash Back Rewards.\u201d<\/p>\n You should see a green \u201cRedeem\u201d button if you have a current balance.<\/p>\n Also, it should let you know how much you can redeem. Just tap on the \u201cRedeem\u201d button, and then follow the steps to confirm your transaction.<\/p>\n It\u2019s pretty simple.<\/p>\n It takes up to 3 to 5 days usually for the money to appear in your account.<\/p>\n If you are enrolled in Lighting Speed, however, you can get the money in your account immediately.<\/p>\n Your cashback rewards will be sent to the checking account that you linked to your account.<\/p>\n It\u2019s important to note that while the app does allow you to have multiple debit\/credit cards linked to Earnin Cash Back Rewards, it only allows you to connect one primary checking account. So, all of your rewards will be sent to that account once you redeem them.<\/p>\n What\u2019s great about the cashback program<\/a> is that there is no minimum balance needed to redeem your rewards.<\/p>\n You can redeem your cashback whenever you want, whether you have $100 or $0.01 in your account.<\/p>\n To keep track of your cashback rewards, visit the Cash Back Rewards section of the app, and look at the \u201cActivity\u201d tab.<\/p>\n There, you\u2019ll be able to see your current Cash Back Rewards balance, and your recent rewards\/redeem history.<\/p>\n This section is handy because it also shows Rewards Redeemed, which means that your rewards have been successfully deposited to your bank account.<\/p>\n Okay, so we\u2019ve covered the loans you can get from the company and its cashback program.<\/p>\n There\u2019s one more program though that the app offers, and it\u2019s a refer a friend program.<\/p>\n You can share your personal invite link with a friend or family member, and they can join Earnin.<\/p>\n When they have been verified and cash out for the first time, you get a referral reward from a member of the Earnin community. This reward can range from $4 to $14.<\/p>\n Once you\u2019ve accepted this reward in the app, it will be sent right to your checking account<\/a>.<\/p>\n The app will send you a push notification and an email to let you know that you have a gift on the way.<\/p>\n If you receive more than one gift in a day, then the app may combine them into one deposit.<\/p>\n There\u2019s no limit to the amount of referral rewards you can get.<\/p>\n To refer a friend, just open the app, go to \u201cSettings,\u201d and click \u201cInvite Friends.\u201d<\/p>\n You\u2019ll get a customized link that you can send to your friends and family.<\/p>\n Now you know all about this app and what it has to offer.<\/p>\n So, you\u2019re probably wondering, is Earnin a trustworthy app.<\/p>\n Is it legit?<\/p>\n Below, I\u2019ve included reviews from organizations like the Better Business Bureau, as well as customer reviews and ratings across numerous platforms, from Reddit to the BBB.<\/p>\n The company is accredited by the Better Business Bureau. It\u2019s been accredited since 6\/18\/2019, although it\u2019s been in business for 5 years.<\/p>\n It has an A+ rating<\/a>, which is pretty impressive.<\/p>\n The customer rating on the platform is also pretty good.<\/p>\n It has almost four out of five stars.<\/p>\n So, that\u2019s all promising and shows that Earnin is NOT a scam. It\u2019s a legit company.<\/p>\n The only thing I did notice was that there was a note at the top of Earnin\u2019s BBB profile, which said:<\/p>\n So, the BBB profile for the company is a little contradictory in that it has that A+ rating, it\u2019s accredited, and it\u2019s pretty well-reviewed by customers as well, yet there\u2019s this notification about complaints.<\/p>\n Perhaps some people have had a bad experience with unauthorized debits.<\/p>\n On its website, the company does say that if their transactions cause you to accrue overdraft fees, they will assist you and help you to get a refund where applicable.<\/p>\n Also, on the complaints page for Earnin on the BBB website, which you can check out for yourself here<\/a>, the BBB says that it contacted the company in February 2018 about the complaints and that in May 2018, the company responded.<\/p>\n So, they are at least aware of these complaints and aren\u2019t ignoring them, as some companies do.<\/p>\n So, it\u2019s well-reviewed with the BBB. But what do customers have to say about the app?<\/p>\n On the Google Play Store, the app has more than 100,000 reviews and a rating of more than 4 stars.<\/p>\n That\u2019s a pretty well-reviewed app.<\/p>\n In researching a ton of apps over the years, I\u2019ve seen so many that are poorly reviewed even if it\u2019s an app from a legit company.<\/p>\n So this almost 5 star rating is promising and shows that customers are having a good experience with the app.<\/p>\n Here\u2019s what one customer on the Google Play Store had to say about Earnin:<\/p>\n The app has a lot of reviews on the App Store as well.<\/p>\n It has more than 86,000 reviews in fact. It has 4.7 stars out of five. Again, that\u2019s good for an app. It shows that customers are having a good experience with it.<\/p>\n Here\u2019s what one customer on the App Store had to say about the app:<\/p>\n On Reddit<\/a>, there\u2019s a discussion about Earnin in the \u201cIs it BS\u201d subreddit.<\/p>\n The opinion here is a little more mixed than on the Google Play Store or App Store.<\/p>\n On this thread, many people who\u2019ve used the app haven\u2019t had any issues with it, and say that they don\u2019t have any complaints about the app.<\/p>\n One Redditor speaks highly of it, saying:<\/p>\n Other users though express concerns about getting dependent on the app or that it is causing people to get into the bad habit of spending money that they don\u2019t have.<\/p>\n So, it\u2019s pretty well-reviewed with customers, having around a 4 star rating across the platforms, and an A+ rating from the Better Business Bureau.<\/p>\n But, you\u2019re handing a lot of information over to the company, like your pay schedule, where you work, your bank details, etc.<\/p>\n So, you\u2019re probably wondering, is all of that information safe?<\/p>\n The app does use 256-bit data encryption to keep your data secure.<\/p>\n This is great.<\/p>\n Also, it\u2019s compliant with US privacy and data security laws.<\/p>\n That\u2019s another plus.<\/p>\n Finally, it never stores your bank login credentials.<\/p>\n So, overall, it has a lot of features in place to protect your privacy and keep your data secure.<\/p>\n Now, let\u2019s take a look at some common questions people have about the app.<\/p>\n It\u2019s a venture capital-funded company. The company says that investments from venture capital funds go into making its product bigger and better.<\/p>\n The company, however, says that it is 95% community supported and mainly operates on the tips it receives from customers.<\/p>\n It can take the app up to 3 days to verify your information, like your bank info, and pay schedule.<\/p>\n If you haven\u2019t heard from the app after 3 business days, then contact the support team, and they\u2019ll be able to help you out.<\/p>\n When you first get started with the app, you have a $100 Pay Period Max.<\/p>\n Pay Period Max is the maximum amount of money you can cash out during each pay period.<\/p>\n Now, while you start out with a $100 Pay Period Max, as you continue to use the app and pay the app back successfully, it can increase to up to $500.<\/p>\n The app says that it has Maxes to help people who use it to stay financially healthy and help more members of its community.<\/p>\n While new customers start out with a $100 Max each pay period, based on several factors, your Max can adjust over time, and be anywhere from $50 to $500.<\/p>\n Factors related to your financial health are what the app uses to determine your Pay Period Max.<\/p>\n So, these factors include things like, whether you spend less money than you earn, and how often you maintain a positive bank balance.<\/p>\n To check your current Max amount, and to learn about the factors that are used to determine your Max, tap on \u201cMax Info\u201d on your home screen.<\/p>\n Like we said above, the app uses several factors related to your overall financial health to determine your Max.<\/p>\n If you want to ensure that your Max increases, rather than decreases, then make sure that your financial habits are good.<\/p>\n The app says to maintain a positive bank balance, and avoid overdraft fees<\/a>, spend less money than you make, and keep enough money in your bank account to cover its scheduled debits.<\/p>\n If you do those things, you can increase your Pay Period Max.<\/p>\n You can use the Calendar feature on the app if you need help keeping track of recurring payments and upcoming bills \u2013 like all of the app\u2019s services, this feature is free to use.<\/p>\n The daily limit is $100. Of course, yours could be less than this depending on your Max.<\/p>\n Once you reach your daily Max, you won\u2019t be able to cash out again until the next day.<\/p>\n Your daily Max is the maximum amount of money that you can cash out in one day, whereas, like we said above, your Pay Period Max is the total amount you can cash out until your next payday.<\/p>\n Your pay period Max resets on your payday after Earnin\u2019s debits are posted in your bank account.<\/p>\n Sometimes updates from your bank to the app are delayed, so the app might show you\u2019ve reached your Max or that you\u2019re waiting to get paid.<\/p>\n In this case, contact the support team for assistance.<\/p>\n You will need to share a screenshot of your most recent direct deposit and\/or Earnin\u2019s debits. Just ensure that the image includes the last four digits of your bank account number.<\/p>\n The company doesn\u2019t give an exact time period for increasing your Pay Period Max. Just do those things we mentioned above, like keeping your bank balance positive, and the app says that your Pay Period Max should increase soon.<\/p>\n If you have a bank connection issue, try this:<\/p>\n If you\u2019re still having issues linking your bank account in the app, then contact support, and they\u2019ll be able to help you connect your bank.<\/p>\n No, the app doesn\u2019t sell your data. The app says it only uses your data to make sure that you get rewards and to improve its Cash Back Rewards.<\/p>\n No. As we said above, the app does not support prepaid accounts or pay cards, as it can\u2019t guarantee a successful transfer to these accounts.<\/p>\n No. The app doesn\u2019t work with Social Security or any other government benefits. The app does say that it\u2019s always working to make more payment types available, so to check back with it in the future.<\/p>\n If you change the bank account that your direct deposits are being sent to, then you\u2019ll need to change your bank information.<\/p>\n Here\u2019s how to add your new bank account information:<\/p>\n iOS<\/strong><\/p>\n Android<\/strong><\/p>\n It may take some time for the app to reactivate your account with your new bank information.<\/p>\n Once you\u2019ve updated your bank information in the app, it will send a set of test transactions to verify your account \u2013 these will post in 1 to 2 business days.<\/p>\n If you don\u2019t see these transactions and your account still isn\u2019t active, then just get in touch with the app and the support team will be able to assist you.<\/p>\n If you have Lightning Speed, the money will be deposited in your account within minutes, even during the weekend and holidays.<\/p>\n If you don\u2019t have Lighting Speed, then it will take about 1 to 2 business days, depending on the time and the day that you withdrew the money.<\/p>\n On weekdays, here\u2019s when you can expect to get your money:<\/strong><\/p>\n Here\u2019s when you can expect to get your money at the weekend:<\/strong><\/p>\n Here\u2019s when you can expect to get your money on bank holidays:<\/strong><\/p>\n Here\u2019s when you can expect to get your money if you\u2019re enrolled in Lighting Speed:<\/strong><\/p>\n Now that you know exactly how it works, and whether it\u2019s legit, you\u2019re probably wondering, is the app worth it?<\/p>\n We\u2019re going to give you the pros of the app, before letting you know what we don\u2019t like about it, and our final recommendation.<\/p>\n Payday loans are not good. We know that seems like quite the blanket statement, but it\u2019s true, and we have the numbers to back it up.<\/p>\n 12 million Americans take out payday loans each year, according to Pew Research<\/a>.<\/p>\n Payday loans are simply unaffordable for most borrowers.<\/p>\n On the next payday, the average payday loan requires a lump-sum repayment of $430.<\/p>\n This consumes around 36% of the average borrower\u2019s gross paycheck, even though research shows that most borrowers can actually only afford no more than 5% while still covering their basic expenses.<\/p>\n That\u2019s pretty shocking, right?<\/p>\n Because of this, most borrowers have to renew or re-borrow loans. This is why the CFPB discovered that 80% of payday loans are taken out within two weeks of repayment of a previous payday loan.<\/p>\n With interest rates as high as 400% to a whopping 700% in some states<\/a>, payday loans get people stuck in a cycle of debt.<\/p>\n But, Earnin doesn\u2019t charge fees, right?<\/p>\n So, what\u2019s the problem?<\/p>\n Well, there are quite a few.<\/p>\n You know what, like we said above payday loans aren\u2019t great.<\/p>\n And no Earnin is not your typical lender.<\/p>\n You won\u2019t be charged the exorbitant amount of interest that small-term loan providers usually take.<\/p>\n However, as we said above, it\u2019s still encouraging you to spend money that you don\u2019t have, and therefore, promoting that cycle of debt.<\/p>\n That being said, we totally understand why short-term loans like this exist.<\/p>\n In an ideal world, we\u2019d all have the money we needed when we needed it.<\/p>\n Unfortunately, we don\u2019t live in an ideal world, and sometimes, we find ourselves without the money we need.<\/p>\nWhere to get the app<\/h4>\n
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How Does Earnin Work<\/h2>\n
Who can use the it?<\/h4>\n
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How to Get Started<\/h2>\n
1. Create your account<\/h3>\n
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2. Link your bank account to the app<\/h3>\n
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See if the app supports your bank<\/h4>\n
Accounts that aren\u2019t supported<\/h4>\n
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3. Add your employment & payment information<\/h3>\n
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Send an Electronic Timesheet<\/h4>\n
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Adding your timesheet<\/h4>\n
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Use the Automagic Feature to send your earnings automatically<\/h4>\n
How to enroll in Automagic Earnings<\/h4>\n
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4. Verify your Bank Account<\/h3>\n
5. Cash out<\/h3>\n
Cashing out if you\u2019re enrolled in Lightning Speed<\/h4>\n
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6. Return the money when you get paid<\/h3>\n
Fees<\/h2>\n
Cashback Rewards Program<\/h2>\n
1. Enroll in Cash Back Rewards<\/h3>\n
2. Browse offers<\/h3>\n
3. Make a purchase<\/h3>\n
4. Get your cash back<\/h3>\n
5. Redeem your cashback rewards<\/h3>\n
Refer a Friend<\/h2>\n
Is Earnin Legit?<\/h2>\n
Better Business Bureau Rating<\/h3>\n
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Customer Reviews for Earnin App<\/h2>\n
Google Play Store<\/h4>\n
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App Store<\/h4>\n
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Reddit<\/h4>\n
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Is Earnin a Safe App?<\/h2>\n
Things You Need to Know<\/h2>\n
How does Earnin app make money?<\/h3>\n
How long does it take for Earnin to verify?<\/h3>\n
How much can I get from the app?<\/h3>\n
How do you increase Pay Period Max?<\/h3>\n
Why did my Earnin Max Decrease?<\/h3>\n
How many times can I cash out on Earnin?<\/h3>\n
When will my Pay Period Max increase?<\/h3>\n
Earnin Won\u2019t Connect to my Bank: What should I do?<\/h3>\n
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Does it sell my data?<\/h3>\n
Can I use a prepaid card for Earnin app?<\/h3>\n
Can I use it with Social Security?<\/h3>\n
How do I change my bank account?<\/h3>\n
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How long does it take Earnin to deposit money?<\/h3>\n
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Is Earnin Worth It?<\/h2>\n
Pros<\/h3>\n
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Cons<\/h3>\n
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So, What\u2019s Our Overall Verdict?<\/h2>\n