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I used Dave, the Mark Cuban-backed software that would like to kill bank overdrafts — and I also keep contemplating 1 feature that is oddly manipulative

I used Dave, the Mark Cuban-backed software that would like to kill bank overdrafts — and I also keep contemplating 1 feature that is oddly manipulative

Dave, the Mark Cuban and Diplo-backed fintech startup , rolled down its brand new Dave banking solution the other day and stated it had raised $110 million. In light of the rollout, I made a decision to test their initial service that is overdraft-killing.

Dave is made to aid its users avoid overdraft charges. It can this in 2 methods: by giving notifications whenever a person’s balance gets too low, and providing short-term payday loans. The solution costs $1 per month, and improvements are free with an optional tip.

The notion of tipping for a product that is financial be counterintuitive, however it works much like exactly just just how tipping works within the solution industry.