There are a few conditions that must be met before we can assess your account for eligibility. *Please keep in mind, the information Klover uses to make decisions varies. As a reminder, here are our current requirements:
- Your paycheck description on your bank statement must match the descriptions of previously deposited paychecks with no spelling variations.
- You have at least three direct deposits sent to your primary checking account (no savings account)
- Your last 3 direct deposits have been consistent and within the last 60 days.
- You have no gaps in pay
- All deposits come from the same employer (see above - paycheck descriptions must match)
- You are paid on a weekly or bi-weekly pay schedule, 7 or 14 days apart. No other pay cycles are accepted at this time, including monthly or semi-monthly deposits.
- Pay deposits must be from a company that is NOT a loan or paycheck advance company. Examples of loan/paycheck advance companies are Earnin, Dave, or Brigit.
- Pay deposits cannot be ATM deposits, cash deposits, transfers, Venmo, CashApp, or anything similar.
- Your checking account must be in good standing and active for the last 90 days.
We do have an exciting opportunity for those of you that do not meet our basic requirements for receiving an advance.
EVERYONE IS ELIGIBLE FOR $5!!!
That's right! Out of work at the moment? Don't have consistent paychecks? Not to fear, our $5 advance is here.
We have a $5 advance program for our customers who successfully link their bank account to their Klover app. These customers are not quite eligible for a regular cash advance yet, as our system is still working to detect pay cycles and transaction data. All Klover customers who link a valid checking account with a partnered bank are eligible to request a $5 advance (or redeem 600 points). We have had tremendous success with a similar program in the past and hope our customers continue to benefit from this opportunity.
Any feedback you are willing to share would be very beneficial to us as we continue to build programs for a wide range of customers! Please feel free to reach out to our support team by selecting the "Help" button in the bottom right hand corner of this screen.
*Keep in mind the information we use to make a decision varies per customer, and not all customers will be eligible for an advance.