Dave review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Dave is a US easy access account for adults who want a digital-only service with no credit check and no commitment, so you can withdraw at any time. Deposits carry FDIC up to USD 250,000, a minimum deposit of $1 applies, and the money sits in a single currency.
Key facts
- Best for
- US easy access spending with no credit check and a small monthly fee.
- Monthly fee
- up to $5↗
- Deposit protection
- FDIC up to USD 250,000↗
- Currency conversion fee
- 0% to 3%↗
- Currencies
- 1↗
- Local account details
- Us-ACH↗
- Free ATM withdrawals
- $0↗
- Transfer fee
- 1.5% per external debit card transfer; ACH transfers free↗
- Legal entity
- Dave Operating LLC↗
- Headquarters
- United States↗
- Support channels
- Email, Chat, Phone, Help-centre↗
- Features
- Free ATM withdrawals, Digital-only, No credit check
- Official website
- dave.com
Savings
Facts checked September 26, 2026, 5 sources
Pros and cons
Pros
- Deposits are covered by FDIC up to USD 250,000.
- No credit check to open, and the service is digital-only.
- Support runs on email, chat and phone.
Cons
- A monthly fee of up to $5 applies, while Varo charges $0.
- Currencies are limited to 1, so the account suits a single market.
- Top-ups from an external debit card cost a percentage fee, while ACH transfers carry none.
Who it suits
- US adults who want an easy access spending account without a credit check.
- People whose spending stays in a single currency and who pay bills by ACH.
- Users who are happy to run the account from an app rather than visit a branch.
Who should look elsewhere
- Anyone hunting for a fee-free everyday account, since Varo charges $0.
- People who hold several currencies at once, as the account covers 1.
- Anyone who wants branch service, as the account is digital-only.
Who runs it
Dave Operating LLC runs the account from the US. It appears on the Nationwide Multistate Licensing System under ID 2675197, so the firm sits inside a US licensing system. Support runs on email, chat and phone, giving you phone, chat, email and a help centre.
How Dave compares
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Where Dave is available
- Available
- American Samoa, Guam, Marshall Islands, Northern Mariana Islands, Palau, United States, Virgin Islands, U.S.
- Licence in United States
- Nationwide Multistate Licensing System (NMLS) (2675197), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does Dave cost to run each month?+
The monthly fee is up to $5, and ATM withdrawals come with an allowance of $0. Currency conversion costs 0% to 3%, and moving money in from an external debit card costs a fee, while ACH transfers carry none. There is no commitment, so you can withdraw at any time.
Is my money protected?+
Deposits carry FDIC up to USD 250,000, which covers the balance up to that limit, and you can withdraw at any time. The account is run by Dave Operating LLC, which appears on the Nationwide Multistate Licensing System under ID 2675197.
Which currencies can I hold?+
The account holds 1 currency, so it works for spending in a single market rather than for people juggling several currencies. Transfers in and out run over US ACH, which carries no charge, while currency conversion elsewhere costs 0% to 3%.
How do I get money out?+
There is no commitment, so you can withdraw at any time. The account is easy access and digital-only, with an ATM allowance of $0. Support runs on email, chat and phone if you need help reaching your money.
Do I need a credit check to open an account?+
There is no credit check, and the service is digital-only, so you manage the account from an app rather than a branch. The account is easy access, takes a minimum deposit of $1, and you can withdraw at any time with no commitment.
Who is the Dave account for?+
It suits US adults who want a simple spending account, no credit check and support on email, chat and phone. It is less suited to anyone wanting several currencies, since the account covers 1, or anyone avoiding a standing charge, since the monthly fee is up to $5.
How does the cost compare with fee-free rivals?+
The monthly fee is up to $5, while Varo charges $0 and Bit2Me charges €0. The ATM allowance is $0 and currency conversion costs 0% to 3%, so everyday US spending stays cheap and travel is where the fee bites.
What kind of account is it?+
It is an easy access account with no commitment, so you can withdraw at any time rather than tying money up. Deposits carry FDIC up to USD 250,000, the minimum deposit is $1, and ACH transfers are the local transfer method.
Sources
- dave.com checked September 26, 2026
Backs: Headquarters, Legal entity
“Dave Operating LLC, Nationwide Multistate Licensing System ("NMLS") ID 2675197. Address: 1265 S Cochran Ave, Los Angeles, CA 90019”
- dave.com/atms checked September 26, 2026
Backs: Features
“We don't have physical branches like traditional banks ... you can avoid ATM fees at 40K+ MoneyPass ATMs in every state”
- dave.com/deposit-agreement checked September 26, 2026
Backs: Free ATM withdrawals, Currencies, Currency conversion fee, Local account details, Support channels, Transfer fee
“In-Network ATM (MoneyPass ATM network) Withdrawals - Free - No charge”
- dave.com/goal-account checked September 26, 2026
Backs: Access terms, Account kind
“You don't have to worry about hidden fees, minimum deposits, or commitment. It's your money, you can take it out when you need it.”
- dave.com/licenses checked September 26, 2026
Backs: Deposit protection, Licences
- dave.com/no-hidden-fees checked September 26, 2026
Backs: Minimum deposit, Monthly fee
“There aren't initial deposit requirements to open a Dave Checking or Goals account. That means you can fund with as little as $1.”
Compiled from 6 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Licence type.