What is Cleo?
Cleo is a financial service platform designed to help individuals access cash advances, manage their budgets, and avoid overdraft fees. The platform is committed to providing fast, user-friendly, and transparent financial solutions for users in need of immediate funds.
Features of Cleo
Cleo offers several features to help users manage their finances, including:
- Cash Advances: Access up to $250 quickly, with no interest or credit checks required.
- Budgeting Tools: Track your income, monitor expenses, and set up financial goals with user-friendly tools.
- Credit Building: Build credit with Cleo's Credit Builder Card, issued by WebBank, Member FDIC.
- Savings: Learn how to save without stress and build an emergency fund.
- Gig Opportunities: Find gig or side hustle opportunities directly through the app.
- Financial Tips and Education: Get personalized financial advice to improve your financial health and make informed decisions.
How to Use Cleo
To use Cleo, simply download the app and create an account. Link your bank account to enable financial tracking and cash advance requests. Request a cash advance when needed, with funds typically deposited within minutes (or up to a day, depending on transfer speed). Use additional tools such as budgeting features, alerts, or gig-finding resources to support your financial goals.
Fees for Using Cleo
Cleo charges no interest or credit checks for its cash advance services. However, expedited cash advance transfers may incur additional fees. Standard transfers are free.
Credit Check
No, Cleo does not require credit checks for its cash advance services, making it accessible to users with limited or no credit history.
Subscription
A subscription is recommended for users who want access to Cleo's budgeting tools and side hustle features. Regular access to small cash advances to avoid overdraft fees is also a benefit of subscription.
Helpful Tips
- Use the budgeting tools to monitor spending and stay on top of your finances.
- Set up alerts to avoid overdraft situations.
- Explore gig opportunities to increase your income.
- Request cash advances responsibly and only when necessary to avoid dependency.
Frequently Asked Questions
- Is Cleo safe and secure?
- Yes, Cleo takes security seriously and uses the same encryption as your bank. They also don't sell your data because that's creepy.
- How do I get started with Cleo?
- Download the app, create an account, and link your bank account to get started.
- What if I have poor credit?
- Cleo does not require credit checks, making it accessible to users with limited or no credit history.