11:26 AM EST, 02/20/2025 (MT Newswires) -- Dave ( DAVE ) said Thursday it has completed changes to its ExtraCash feature's "Tips" and instant transfer option.

The old optional fee model, where members could access credit at a low or zero fee, is now replaced by a 5% fee structure with a $5 minimum and a $15 maximum charge, the company said.

Instantly moving ExtraCash funds into Dave Checking accounts will not incur additional fees, it added.

Early testing showed positive feedback, leading the company to move forward with the transition for all members by early 2025, according to Dave ( DAVE ).

Shares of the company were down about 7.2% in recent trading.

Price: 104.98, Change: -8.14, Percent Change: -7.20