At FloatMe, it's our mission to help our members make better informed financial decisions and change their relationship with money for the better. With that in mind, we've intentionally designed Floats to benefit your financial health based on your positive financial behaviors.
Starting out, FloatMe members can access Float amounts up to $50, which can increase to $200 based on a number of factors including, but not limited to:
Money Management
Consistently maintaining a positive bank balance
Spending less money than you make (and having funds left over each payday)
Avoiding overdrafts and negative bank account balances
Float Repayment
Positive repayment history on your Floats is key towards increasing your Float limit
Using Floats and repaying them on time (note: your first Float is limited to $100)
Income
Linking your primary bank account that shows consistent income
Higher-income levels
Longer employer deposit history
Consistent income amounts (aka low-income volatility)