Terms of Use Dave Privacy Policy

Last Updated 08/04/21

Authorization to Debit Account

I hereby authorize Dave, Inc (“Dave”), its parent, affiliates, any holder of my advance and their respective agents and their assignees to initiate, depending on the payment method I select on the following page, a single or recurring electronic debit entry/entries to my designated checking or savings account (“Account”) at my designated financial institution (“Financial Institution”) for which I am an authorized user, as well as any Account or Financial Institution I later designate, for payment of the payment(s) on my advance. I will not dispute Dave debiting my checking/savings/debit card/credit card accounts, so long as the transaction corresponds to the terms indicated in this online form and my agreement with Dave.

If I select preauthorized electronic fund transfers as my payment method I agree:

THE AMOUNT DEBITED FROM THE ACCOUNT WILL BE THE LESSER OF MY OUTSTANDING ADVANCE BALANCE AND THE PAYMENT LISTED ON THE FINAL DAVE ADVANCE CONFIRMATION SCREEN. THE PAYMENT WILL BE DEBITED EACH MONTH ON THE DUE DATE LISTED ON THE FINAL DAVE ADVANCE CONFIRMATION SCREEN; HOWEVER, IF THE DUE DATE OCCURS ON A WEEKEND OR HOLIDAY, THE ACCOUNT MAY BE DEBITED THE NEXT BUSINESS DAY. I UNDERSTAND THAT I MUST PAY ALL OUTSTANDING AMOUNTS EVEN IF NOT DEBITED BY DAVE.

I understand that my authorization will remain in full force and effect until Dave has received oral or written notification from me at least 3 business days prior to my scheduled transfer to terminate this authorization.

Dave Membership Fee

Dave charges a $1 per month Membership Fee (“Membership”) to access our account monitoring and notification services, our budgeting feature, and to maintain an active connection to your external bank account through third-party services. Dave deducts the Membership from your connected bank account or debit card for the amount of $1 per month. If your primary account is with Dave, the Membership will be deducted from that account. If the Membership charge fails, by agreeing to these terms, you authorize Dave to process any failed or missed Membership charges together with the following month's Membership. Should all attempts fail, Dave reserves the right to charge the fee from another one of your connected checking accounts or debit card. You are responsible to notify us by visiting support.dave.com if you do not want to renew by requesting account deletion.

Grandfather Provision: The Membership Fee will not be charged to any users who: (1) opened their Spending Account before the effective date of August 4th, 2021, and (2) the Spending Account was opened prior to Dave Advances. This provision will be in effect until and unless the grandfathered user connects a new external account after August 4th, 2021.