Earnin Review 2023

earnin review

We are living in the era of mobile app development. It has already improved a range of sectors. Now mobile app development has a significant influence on financial services. 

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The Covid-19 pandemic, global crises, war. All these aspects make us feel financial anxiety. It happens because we know that banks have strict requirements for borrowers. 

  • What if I am not officially employed?
  • What should I do if I have a low credit score and want to get a loan?
  • Will my company go bankrupt?

Luckily, such an online application as Earnin offers a range of beneficial financial services. To understand whether this app is a good option for you we have conducted independent research and made an app review. In the review of Earnin services, we will specify its pros and cons, the principles of work, fees, etc. I hope this article will help you find the most suitable financial app exactly for you. So, let’s start our Earnin review!

Pros and Cons of Earnin

Earnin offers a number of benefits to its customers. It makes the lending process fast and transparent. Among the greatest advantages of Earnin are:

  • Clients don’t face mandatory fees;
  • You are not required to pay interest;
  • It provides immediate loans;
  • This app helps to save money;
  • Earnin offers convenient budget tracking;
  • It cooperates with your bank.

Despite a range of pros, there are some cons as well:

  • Earnin requests access to your bank account. For some people, it may be difficult to accept.
  • This application may form poor financial habits. It happens because people forget to take sole responsibility for their account balance and spend money on a whim. They just got used to the fact that all analytical work is done by Earnin.

How Does Earnin Works?

Earnin is a reliable service provider. It has a number of proponents due to the absence of interest charges and costly overdraft fees. You can quickly open a bank account in this app and get direct deposits. 

To make it possible you need to download the application from App Store or Play Market. It works equally well on both Android and iOS platforms. What’s more, Earnin services are available on desktops. 

After you have installed the application you need to create your profile by specifying personal information, a linked bank account, and a debit card. Without verifying your existing bank account you won’t receive even a minimum deposit. 

To use Earnin you need to get a paycheck via direct deposit. You will be also required to mention your employer and confirm the email address of your working place. This app may also use your location to make sure you have gone to work. If you are an hourly worker, upload a photo of your schedule. If you are a freelancer, add a photo of your receipt. 

Earnin will check your bank account, and debit card and confirm the number of your working hours. Then its clients can cash out up to $100 a day (up to $500 for a paycheck) and tip the application if they want to do it.  When a person receives a salary Earnin withdraws the borrowed sum of money. from the checking account

Earnin Features

The Earnin app gives loans at zero interest. However, it asks users to make donations in the form of tips voluntarily. The app asks for a little sum of money. For many people, it is much easier to pay $ 5 for help in a difficult situation than to agree to a 250% annual interest rate.

Earnin is similar to other apps that offer financial solutions to customers. It can boast of a bright and convenient user interface, high-quality financial products and services, and transparent terms and conditions of cooperation. Earnin also allows borrowers to receive funds immediately. 

To assess the user’s creditworthiness, the service requires access to an online bank account and issues only the amounts that the borrower will be able to repay from the next salary.  It means that if you can’t boast of a high salary, you get only a small amount of money. 

While cash advances and loans usually come with high interest, Earnin is designed to help its customers. The borrowers can even set aside some of their earnings using the tipping feature to reach the next financial goal faster.

When the borrower gets a salary, the Earnin service automatically withdraws the due sum. That is why it is essential to read the loan terms carefully. 

Among the most beneficial Earnin features are:

Cash Out

If you are still waiting for a salary, this function may become a valuable solution for you! It allows clients to receive up to $100 per day. ( from the money you have already earned). To make it possible just link your bank account to this app. Earnin cooperates with: Bank of America, Wells Fargo, TD Bank, Chase, Navy Federal Credit Union, PNC Bank, USAA Bank, etc. In such a way you can use Earnin with any bank card. 

Balance Shield

 Thanks to this feature you will be able to track your account balance much easier. If the risk of overdraft appears, Earnin sends its clients a push notification.


Earnin also presents something like a lottery for its customers. Every $10 invested in your Earnin Tip Yourself jar gives you the chance to win up to $10 million in cash.

Budgeting calendar

Earnin’s financial calendar will let you know in advance about the paydays. It will also report to you your account balance. It will protect you from paying overdraft fees. 

GPS earnings

This feature automatically adds the money you earn to your account based on your work address.

Earnin Fees & Rates

Earnin services are very popular among borrowers. It happens so due to the fact that this app doesn’t charge interest rates and additional fees. Instead of such unpleasant expenses as overdraft fees, borrowers can pay tips. Your voluntary payment can be of any size. However, there are also some regular options for you. 

For many borrowers such conditions seem more beneficial and loyal. In fact, a $2 tip on a $20 withdrawal due in 14 days amounts to an annual percentage rate of 250%. It is just a little lower than the conditions offered by payday lenders.   

According to the Earnin representatives, it isn’t fair to compare tips with the APR. But for us it is the best way to decide whether the app is cost-efficient. At the same time, the company promises to render equal services to all its clients, regardless of their tips. 

You should also know that Earnin doesn’t require a membership fee. This strategy makes this app differ from analogical ones. In such a way, you don’t need to pay a monthly fee just to have access to its services. What’s more, there is no hidden cost at all. Just voluntary tips.

All app members can receive up to $100 at the beginning. If a borrower continues to use Earnin services successfully this sum will increase up to $500 in a pay period. 

Earnin Safety and Security

As a financial application, Earin uses your private information. It usually includes the info about our profile, about the third parties, and specific services you make use of. A user also has to specify the Social Security Number or Individual Taxpayer Identification Number a Government Identification Number; employer and many other things.

The first thing you should remember there is that Earin appreciates its reputation. The app team takes responsibility for your privacy and security.

As an accredited app, Earnin stores information about its users in the US data centers. All data is protected by a range of measures regulated by state laws. To ensure the clients’ security the app applies data encryption, firewalls, two-factor authentification, etc. 

In case of suspicious activity on your account, you will get a warning email about it. If you take appropriate measures immediately, you will save money.  It will help you avoid financial anxiety and know that Earnin takes care of your money 

Trustworthiness & BBB Rating of Earnin

Despite the fact that you can use Earnin services for free, it is a legit application. Thanks to sophisticated financial features this app has a number of proponents. It ranks 4.5/5 stars on the App Store and can boast of almost 117k reviews. Earnin is appreciated for its simplicity and loyalty. 

You may know about the notion of credit rating. It can be compared with the university marks and range from A to D. A – is the best score and D – is the worst. According to this system, Earnin has a BBB rating.

In such a way, this application has good creditworthiness, current low expectations for credit risks, and adequate ability to repay financial obligations on time. All in all, you can trust Earnin and make use of its services without fear.

Earnin Mobile Support and Accessibility

Why is Earnin so popular among the customers? The answer is quite simple. Mobile application is much more convenient than a traditional bank. Firstly, to take a loan you don’t need to go out, queue, and talk with other people. Just make sure your smartphone has an Internet connection and go down to business! What’s more, on the eve of the Covid-19 pandemic the ability to minimize face-to-face contacts seem especially appealing. 

You can also download Earnin on a desktop or tablet if they are more comfortable for you to use. This application runs equally well on Android and iOS (if you have an iPhone) platforms.

Earnin offers a convenient user interface. It means that you will master this app relatively easily. A wide variety of services and features really impresses. It is also entirely beneficial for people who are not officially employed. Unlike banks, Earnin approves credits to freelancers and hourly workers. There is only one condition – you must prove that you have a source of income.

Customer Service at Earnin

Just like other financial apps, Earnin services are available 24/7. It means that you don’t have to wait till Monday to settle personal issues. Earnin services are convenient and transparent. 

If your application doesn’t work, check the Internet connection and let your smartphone or a desktop reestablish the connection with the Earnin. Sometimes it can get up to 30 minutes. 

That is why take a deep breath and have a cup of coffee till you are waiting. In case you have urgent questions as to the Earnin features, make use of the advanced customer service offered by the app. 

Is Earnin Good Choice for You?

Earnin can be a great financial solution for some borrowers. It is a perfect option for people with small emergency expenses and negative notes in their credit history. It is explained by the fact that this app doesn’t check your credit score before approving a loan. 

To use Earnin services you need to have a regular source of income. It is a great option for you if you can offer an electronic timesheet and a fixed work location. Among other things, a borrower should have a checking account and receive direct deposits.

Earnin is entirely beneficial for those who regularly spend more than earn. In some cases, a paycheck can help people avoid bills or rent and utility debts. This app is essential for tracking your budget and managing your expenditures. 

However, if you find it difficult to trace your finances by yourself, after using Earin it may become even more difficult for you. If you don’t have a regular source of income Earnin is also not for you. A borrower is required to refinance the debt within a short term. 

Apps Like Earnin

The financial applications usually offer the same features. To understand whether Earnin is a good option for you, let’s compare this app with the other ones. Among the most popular Earnin alternatives there are the following:

  Earnin Dave Lightstream Brigit
Amount of a loan From $100 to $500 per pay From $5 up to $250 From $5,000 to $100,000 From $50 to $250
Rates Tipping APR varies around 16% APR ranges from 5.73 to 19.99 percent No interest
How quickly can you receive money? With Lightning Speed: a few minutes; Without it: 1-3 business days. 1-3 days or 8 hours for additional pay You could get your money the same day No more than 3 days
Membership Tipping $1 per month Free $9.99 per month

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How We Review

The app review process demands a lot of time and energy. We tried to be as objective as possible. Earnin analysis was done in several steps. Firstly, our team googled a lot. We collected all information about this app that was available on the Internet. It also included customer feedback, rating, and the like.

Then we checked whether it is difficult to download Earnin from App Store and Play Market. The next step was to log in and verify your personal account. While doing it we set a timer to understand whether it is a time-demanding process. 

After we have done it, we read the terms and conditions of Earnin cooperation. It was essential to us detect hidden fees, system vulnerability, and the like. User interface was another thing to consider. We downloaded some Earnin alternatives and compared them with this app. It helped us be more objective while writing this review. 

In Conclusion

Earnin is a great alternative to traditional services offered by banks. It has a range of sophisticated features and functions. We hope that this article was helpful for you and now you understand whether Earnin is a good option for you!


Does Earnin work with chime?

Earnin doesn’t support Chime. It is explained by a simple reason. Chime allows borrowers to access the paycheck 1-2 days earlier. In such a way it is tough to determine a fixed payday. However, Earnin is currently trying to solve this issue. In the future, such services will be available to the customers.

Who Founded Earnin?

Earnin was founded by Ram Palaniappan. He is also the chief executive officer of this app. His main objective is to help people and make money work for the sake of the clients. Earnin has an interesting history of the foundation. 

Its founder Ram Palaniappan tried to help his employees and gave them personal checks if they needed money before a payday. This system showed its effectiveness and resulted in the idea of creating the Earnin app. The main idea of this financial service provider is to give people access to their wages before the payday. 

What banks does Earnin work with?

Among the greatest advantages of Earnin is that it cooperates with a range of banks. Among them, there are Bank of America, Wells Fargo, TD Bank, Chase, Navy Federal Credit Union, PNC Bank, USAA Bank, etc. It means that you can download this app and use it without any issues.

When you pay Earnin back can you borrow again?

Yes. You can make use of Earnin services as many times as you need it. However, you should understand that you can borrow money only after you have “earned” them. If you have worked for a few days after your last payday and potentially earned the sum of money you want to borrow, then you will get a loan. 

How fast does Earnin deposit money?

Earnin allows you to cash out a paycheck immediately. If you have Lightning Speed, you will receive the money within a few minutes. It works so even on holidays and weekends. On the other hand, without a Lightning Speed, a borrower gets money within 1-3 business days. It depends on the time and day you have asked for a loan.

How long does it take Earnin to verify?

According to a company’s website, Earnin requests verification of your hours worked. It usually takes between 2 and 3 days to complete the verification process. During this period Earnin keeps in touch with your bank with a help of bank providers and gets feedback from it. 

Does Earnin app give you money instantly?

To cash out your paycheck instantly you need to have Lightning Speed. In this case, you will receive the money within a few minutes. If you don’t have Lightning Speed, be ready to wait for 1-3 business days. 

How Much Will Earnin let you borrow?

Earnin is about small loans. Customers can receive $100 per day and up to $500 per pay period as a maximum. If you apply for money, the application verifies the hours worked. It usually takes nearly 10 minutes. Then you can choose an amount you want to rent and decide whether you are ready to pay tips for Earnin services.

What happens if you don’t pay Earnin?

In case you don’t fulfill your financial obligations, Earnin services won’t be available for you. If you reactivate your profile, it also won’t help. The application will automatically withdraw from your bank card the owed amount after you receive a salary. If there is no money on your account, a borrower can be charged overdraft fees.

Does Earnin report to the credit bureau?

You may be surprised, but Earnin doesn’t even send information to the collectors if the borrower fails to repay a loan. This financial application won’t report to a credit bureau. For many people, it is another great reason to make use of Earnin services.

How many loans can you get with Earnin?

The number of loans is unlimited. However, you can receive only the money you have already earned. That is why Earnin verifies the hours worked. Remember that newcomers can get only $100 in a pay period. Later this amount increases up to $500 per pay period.

Does Earnin run your credit?

No, it doesn’t. This app doesn’t ask customers about their social security info and the like. It also doesn’t check a borrower’s credit. However, if a person makes use of Earnin Express, then a Social Security number may be requested.

Does Earnin affect your credit?

No, it doesn’t have any influence on your credit at all. Earning is an alternative to bank services. It means that it works independently and solves all the disputes with clients individually.

When are Earnin working hours?

If you have a Lightning Speed, you will be able to cash out your paycheck at any moment. Other users will have to wait till Monday. However, all customers can make use of other services offered by the app 24/7.

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