Dave review
Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Dave is a US easy-access savings account that suits households building a small savings pot and wanting their money back on demand. Costs stay modest with a monthly fee of up to $5 and a minimum deposit of $1, and you can withdraw at any time without giving up a rate period.
Key facts
- Best for
- Stashing small amounts in the US and taking them out whenever you want.
- Minimum deposit
- $1↗
- Deposit protection
- FDIC up to USD 250,000↗
- Access terms
- No commitment; withdraw at any time↗
- Monthly fee
- up to $5↗
- Account kind
- Easy access↗
- Legal entity
- Dave Operating LLC↗
- Headquarters
- United States↗
- Support channels
- Email, Chat, Phone, Help-centre↗
- Official website
- dave.com
Facts checked September 26, 2026, 3 sources
Pros and cons
Pros
- You can withdraw at any time with no commitment, so the money stays flexible.
- The monthly fee is up to $5 and the minimum deposit is $1, so the cost of starting is small.
- Balances sit under FDIC up to USD 250,000, so deposits are covered.
- Support runs on email, chat and phone, so help is available by phone as well as online.
Cons
- A monthly fee of up to $5 applies every month, so a small balance still costs something.
- A single market: Dave runs through Dave Operating LLC in the United States, so it does not serve UK or EU savers.
- Support runs on email, chat and phone only, so there is no face to face help.
Who it suits
- Households in the US building an emergency pot they may need without warning
- Savers who want a small entry point and a fee they can budget for in advance
- People who prefer handling money and support in the same app
Who should look elsewhere
- bunq, whose deposits sit under EU DGS up to EUR 100,000 and suit European savers
- Wise, which also holds EU DGS up to EUR 100,000 for people holding euros or pounds
- Finteres, which asks for a minimum deposit of €100 and suits savers who can start with more
Fees and FX
The cost picture is short and easy to model. Dave's goal account opens from a minimum deposit of $1, so a first transfer can be small, and the running cost is a monthly fee of up to $5. That fee applies whatever balance you hold, so a saver parking very little still pays it each month.
Deposit protection
The money is protected under FDIC up to USD 250,000, and the account is run by a US operator registered in the nationwide licensing system under 2675197, with a California debt collection licence, 11697-99. Those registrations describe a US business, so deposits sit inside a US scheme rather than a European one.
How Dave compares
9.3 vs 8.0
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Where Dave is available
- Available
- United States
- Licence in United States
- NMLS (Nationwide Multistate Licensing System) (2675197), checked September 26, 2026
- Licence in United States
- State of California (Debt Collection License) (11697-99), checked September 26, 2026
- Licence in United States
- Office of Consumer Credit Commissioner (OCCC), Texas, checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
How much does Dave's savings account cost each month?+
The account carries a monthly fee of up to $5, which is the recurring cost to plan for. The entry point is also small: the minimum deposit is $1, so you can open with a modest transfer and let the balance grow.
Can I get my money out when I need it?+
Yes. There is no commitment and you can withdraw at any time, which suits a pot you may need without warning. Dave describes it as a easy access account, so access is built in from the start.
Is my money protected?+
Yes. Balances are covered by FDIC up to USD 250,000, so deposits sit inside a US deposit protection scheme. The operator is registered in the US nationwide licensing system under 2675197 and holds a California debt collection licence, 11697-99.
Who runs Dave and where is it based?+
The account is run by Dave Operating LLC, which is based in the United States. That makes Dave a single market provider: it serves US savers, and readers in the UK or Europe will be weighing a different set of accounts.
How much do I need to open the account?+
The minimum deposit is $1, so a first transfer can be small. Across the savings accounts listed on the site, the median minimum deposit is €0, which shows how low a starting point Dave sits at.
How do I get help if something goes wrong?+
Support runs on email, chat and phone, so email, chat and phone are all covered and a help centre handles the routine questions. Everything here is remote, so if you want a counter to walk into, this is not the account for you.
Does Dave offer different account types?+
Dave's savings side is a single easy access goal account, so the choice is simple rather than a spread of fixed or notice products. The account terms themselves are short: no commitment, and you can withdraw whenever you need the money.
How does Dave compare with bunq or Wise on protection?+
bunq and Wise both hold European cover, EU DGS up to EUR 100,000 and EU DGS up to EUR 100,000, while Dave's balances sit under FDIC up to USD 250,000. If your money is in euros or pounds, the EU scheme is the relevant one, and Dave is a US account.
Sources
- dave.com/goal-account checked September 26, 2026
Backs: Access terms, Account kind
“You don't have to worry about hidden fees, minimum deposits, or commitment. It's your money, you can take it out when you need it.”
- dave.com/licenses checked September 26, 2026
Backs: Deposit protection, Headquarters, Legal entity, Support channels, Licences
“Dave Operating LLC, Nationwide Multistate Licensing System ("NMLS") ID 2675197. Address: 1265 S Cochran Ave, Los Angeles, CA 90019.”
- dave.com/no-hidden-fees checked September 26, 2026
Backs: Minimum deposit, Monthly fee
“There aren't initial deposit requirements to open a Dave Checking or Goals account. That means you can fund with as little as $1.”
Compiled from 3 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Headline rate, Rate type, Term.