Is Beem’s Everdraft Cash Advance Really No-Fee & Risk-Free?

No, the claim that Everdraft is completely no‑fee and risk‑free is not fully supported by the evidence I found.

I dug through many user reviews and the company’s public information. Here’s what I learned.

  • Fees that show up – Several users reported being charged a monthly subscription of about $9.97, sometimes twice, even after they thought they had cancelled. One reviewer said the app took $130.05 from their account after an advance was paid off.
  • Advance costs – The only advance that some people actually received was a $5 “gift certificate” that still required an additional fee each time it was used. That contradicts a “no‑fee” promise.
  • Cancellation problems – Many users said they could not delete or cancel their accounts. Some were told they had to pay past‑due subscription fees before the account could be closed, and the process often required multiple emails or chats.
  • Access issues – A lot of complaints mention the app being “out of capacity,” not opening, or being removed from the Play Store after a problem. Some users waited months on a waiting list before they could even try to get an advance.

What works for some people

  • A few reviewers praised the budgeting and financial‑advice features. They said the app helped them track spending, view balances across banks, and even file taxes.
  • Customer‑service experiences were mixed. While many reported rude or unhelpful reps, a handful highlighted polite and helpful agents who resolved subscription or refund issues.
  • A small number of users actually received an advance that helped them cover an emergency expense.

Key take‑aways

  • The Everdraft feature may give you a small cash boost, but it is not guaranteed to be free of fees.
  • Subscription charges can continue even after you think you’ve cancelled, and getting the account closed can be difficult.
  • The app’s reliability is inconsistent; many users cannot open it or get the advertised advance.
  • Positive budgeting tools and occasional helpful support are real benefits for some users.

Based on this research, the service has both notable drawbacks and a few useful features. It’s up to you to decide whether the potential convenience outweighs the risk of hidden fees and account‑management hassles.
 
Back
Top