What is Dave.com Inc. Charge on Bank Statement?
If you have recently seen your bank statement and seen a charge labelled as Dave.com Inc. Charge on Bank Statement then you may be wondering where this mysterious charge has come from.
This mysterious charge has puzzled a lot of people. But worry not, in this article we will delve into the details of this charge and will find out its meaning, where it came from, unauthorized Dave.com Inc. Charge on Bank Statement, and how to cancel it.
What is Dave.com Inc.?
Dave.com Inc is a financial technology company, founded in 2016 by Jason Wilk and Paras Chitrakar aiming to help people to better manage their finances by providing financial tools to simplify personal finance and to avoid overdraft fees.
Dave.com Inc provides many services, important of them are discussed down below
Budgeting tools
Budgeting tools help people to track their expenses and stay at the top of their finances.
Credit monitoring
It helps users to monitor their credit effectively by notifying about the changes in their account.
Banking services
Dave offers you a debit card that can be used for purchases and ATM withdrawals with no hidden fees.
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Why is Dave Inc. charging me?
There are many reasons for Dave Inc. charging you. Some of the most common are discussed here
Subscription fees
There is a subscription fee for operating Dave Inc. that is usually around 1$. This is also called as Dave 1.00 charge. This is a recurring fee and will appear as Dave.com Inc. Charge on Bank Statement each month.
Cash advance fees or repayment
If you have requested cash advance, Dave may charge a fee for it. In addition Dave Inc also deducts the repayment of the loan you have taken from Dave after a certain period of time.
Tips
Dave.com Inc allows its users to tip for their services. This tip is not mandatory, however many users use to contribute and it may appear on your bank statement as a separate charge.
Fraudulent Activity:
Dave.com Inc. Charge on Bank Statement might also appear if your financial information is compromised and someone has used your financial information to acquire any service from Dave.com Inc. This may result in appearance of Dave.com Inc. Charge on Bank Statement.
How does Dave charges show up on bank statement
Charges from Dave.com Inc may appear with different abbreviations
- Dave DES:Dave ID:Dave INDN:DAVE INC CO ID:XXXXX65600 CCD
- BUSINESS TO BUSINESS ACH Dave Dave Dave DAVE INC
- Dave DES:Dave ID:Dave Monthly Fe INDN:DAVE INC CO ID:XXXXX65600 CCD
- DAVE.COM
- Dave.com
- DAVE.COM 3239225209, CA, US
- DAVE.COM 8443343283, CA, US
- DAVE.COM CA
- Dave.com Inc
- DAVE INC
- DAVECOM
- Dave
- DAVE DAVE DAVE DAVE INC
- DAVE
- DAVE INC CA
- Dave, Inc
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How to stop Dave app from charging you?
You can stop Dave app from charging you if you follow the given steps
Cancel Your Membership:
To cancel membership follow the below mentioned guideline
- Open the Dave app and go to the Account section.
- Select the Dave membership option.
- Click on the manage membership option and select View Membership Status
- Select pause membership option and then click on cancel my account.
But before cancelling your account you should know about the following things
- Make sure to transfer any balance in your Dave account to any external bank before cancelling your account.
- Verify if you have any unsettled balances with Dave, they must be cleared first before cancelling membership.
- When you cancel your account, the debit card that was provided by Dave will also be cancelled along with all banking services.
There is another important thing to be noted. Even after cancelling your account you can still see Dave.com Inc. Charge on Bank Statement due to remaining amount of loan that you have taken from Dave. Once the repayment is completed you can contact your bank and inform them to stop paying for such charges. You can also contact Dave.com Inc customer support (1-844-857-3283) for further assistance.
Conclusion
Dave.com Inc. is a financial technology company that offers budgeting tools, cash advances, and banking services through its Dave app. Mostly Dave.com Inc. Charge on Bank Statement are legitimate but sometimes there can be errors or any kind of fraudulent activity when your financial information are compromised. Always keep record of your financial transactions to manage your finances in a better way.
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Frequently Asked Questions
Why did Dave Inc. charge me $1?
Dave Inc. charge you $1 when you have subscribed to its services. This is subscription or membership fee and is usually recurring and for this reason you can see this $1 charge by Dave every month on your bank statement.
Why is Dave Inc. charging me?
Dave Inc. charges you subscribes Dave services as its membership fee which is $1/month. In addition repayments of your loan can also appear on your bank statement.
How do I get Dave app to stop charging me?
You can stop Dave app from charging you by cancelling your membership. You can do this cancelling your account in Dave app.