Beem: Cash Advance & Banking

Line - A Public Benefit Corporation

About this app

Need cash now? Beem is a cash advance app that helps eligible members access an instant cash advance of up to $1,000 when unexpected expenses come up. If you need to borrow money instantly for rent, groceries, a bill, or an emergency, Beem gives you a simple way to access eligible funds through Everdraft™.

CASH ADVANCE UP TO $1,000

Everdraft™ is Beem's cash advance feature for eligible members. An instant cash advance can help when an unexpected expense cannot wait until payday. If you need a money advance, Beem gives eligible members a way to request an advance on the app. When you need to borrow money, you can check your eligibility and available options on Beem.

Beem is a cash advance app built for real-life moments when you need cash now. Whether you are looking for a payday advance alternative, comparing payday loans, or searching loan apps for short-term financial help, Beem gives eligible members access to Everdraft™ rather than a traditional payday loan.

Need instant cash for an urgent expense? Beem can help eligible members access an instant cash advance through Everdraft™. You can borrow money through the app for qualifying needs, while keeping your everyday financial activity in one place. Everdraft™ does not require a credit check, and no interest, repayment period, or APR applies to Everdraft™.

A DIFFERENT WAY TO ACCESS CASH

Traditional payday loans and some loan apps can be difficult to navigate. Beem focuses on a straightforward experience for eligible members who need an advance. If you are comparing a cash loan, instant loan, or payday advance, understand that Everdraft™ is a cash advance product and eligibility varies.

If you search for a loan app because you need money quickly, Beem can provide eligible members with access to Everdraft™. If you are looking to borrow money instantly, Beem lets eligible members request available funds from the app. If you need cash now, check the amount available to you before requesting an advance.

MORE THAN BORROWING

Beem also gives eligible members tools to manage everyday finances. Monitor transactions, receive real-time alerts, and keep track of your financial activity from one app. Beem can support immediate cash needs while giving you tools to stay organized.

CREDIT BUILDING

Eligible members can use the Companion Card for everyday purchases while working to build credit. Account activity is reported to Experian, Equifax, and TransUnion. Credit-building availability and eligibility apply.

WHO CAN USE BEEM?

Beem is available to eligible U.S. residents age 18 or older with a valid Social Security Number or ITIN. Product availability, eligibility, limits, fees, and terms vary by product.

Beem’s Everdraft availability is subject to our T&C, as well as qualification criteria that includes, but is not limited, to cash flow and income verification. Repayment period and APR would not be applicable.

Apart from Everdraft, Beem also offers personal loans from 3rd party advertisers from which Beem may receive compensation. Beem displays personal loans with rates that range from 0.50% to 35.99% APR with terms from 4 month to 20 years. Rates are controlled by 3rd party advertisers & are subject to change without notice. Depending on the lender, other fees may apply (such as origination fees or late payment fees). You can view any particular offer's T&C for more information. All loan offers on Beem require application and approval by the lender. You may not qualify for a personal loan at all or may not qualify for the lowest rate or highest offer displayed.

For Example: A borrower receives a personal loan of $10,000 with a term of 36 months and and APR of 17.59% (which includes a 13.94% yearly interest rate and a 5% one-time origination fee). They would receive $9,500 in their account and would have a required monthly payment of $341.48. Over the lifetime of their loan, their payments would total $12,293.46.

Ratings and reviews

So many issues with this app. I was playing games to cash out money after. But my bank isn't on the list. There's no way to manually add my bank or just use a debit card, or cash out to PayPal. Cash app and PayPal are on the list, but are not supported, so shouldn't be on the list. Every feature i try to use gives an error message. I am constantly having to sign back in and get a code, even though I have a pin, because it says my session is timed out. They didn't put much thought into this app.

Their AI makes you post a positive review to use the app. While you can get an advance, the app is terrible. First advance was no problem. The second one I paid for "instant". It finally hit my account over 12 hours later. Don't keep any money in your external account. They will take it as soon as they see the balance go up if you have an outstanding advance. They put my account in the negative when I was leaving the money in the account to cover a bill. I paid the fee to have the money 4 days.

updated: 1 star cause they never followed through on their promotion of an extra 25 for a review. plus they constantly take the money out automatically weekly and that gets annoying. then their transfer system doesn't work all the time except for getting a gift card. Definitely gets ya money in a pinch but terribly run app and a horrid cycle and they lie.

What’s new

Beem Linking your bank is now smoother with clearer delay alerts. We've also added instant phone verification—no more waiting for OTP codes. Verified users now go straight to the home screen without detours. Clearer guidance. Smoother banking. Better experience.