What is Everdraft™? How do I get access to it?

Modified on Wed, 4 Feb at 12:33 AM

Everdraft™ is Beem’s instant cash advance feature that lets you access money before your next paycheck — without interest or credit checks.

How to get access to Everdraft™

To be eligible, you need to:

Have an active Beem account
Connect a supported U.S. checking account
Qualified for the Everdraft™
Be on an eligible subscription plan
Have a verified debit card linked to the primary bank account
Have no pending dues

Once these requirements are met, your available Everdraft™ amount will appear in the app. Eligibility and limits can change over time based on account activity.

The app provides fast access to the funds, often enabling you to get the money within minutes.

Everdraft™ is designed to be an easy, no-hassle way to manage financial needs, giving you control over your cash flow without high fees or complicated requirements.

What is Everdraft™?

Everdraft™ is an innovative feature provided by the Beem app that allows users to access instant cash advances to help cover unexpected expenses before their next paycheck arrives. It's designed to offer quick financial relief with no interest charges, no credit checks, and without the need to go through a traditional loan process.

How Everdraft™ Works

Everdraft™ gives you the ability to borrow a quick and emergency cash upto $1,000 whenever you need it. This advance is based on your upcoming income or direct deposits, and it’s meant to cover immediate costs like bills, groceries, or other emergencies.

The best part is that Everdraft™ doesn't affect your credit score, making it an affordable and flexible option compared to traditional payday loans or credit cards.

Note: Not everyone qualifies immediately, but you can become eligible as your usage and income patterns improve.