How To Cancel A Dave Account: 3 Ways

As mobile devices have become so integrated into your life, and you’re tempted to join more apps and streaming services, it’s difficult to keep track of all the accounts, passwords and charges.

Especially the charges. Most people are paying for multiple monthly subscription services, some they don’t even use anymore. And many believe — based on experience in some cases — that closing accounts and removing monthly charges is such a hassle that they don’t even try.

But if the Dave app is something you’ve been paying for and no longer find useful, closing your account and eliminating the subscription cost is actually quite easy. In fact, there are multiple straightforward ways to cancel your Dave account and make it effective immediately. Let’s explore them further.

What Is The Dave Mobile Banking App?

Initially launched as an app that helped you avoid expensive overdraft fees by monitoring your account balance, Dave evolved into a bank in 2019. With this change, you could have your paycheck directly deposited to the Dave bank. When funds in your account dwindled to near zero, instead of just sending you an alert, the bank would make a temporary deposit into the account until it could be repaid automatically with the arrival of your next paycheck.

Pretty nice perk, and as subscription services go, the Dave app is very inexpensive. The monthly fee of $1 is automatically deducted from your account.

But if you no longer need the service, you may want to close the account, chiefly because the fee might go up in the future without your knowledge. But it’s also just good practice to remove the apps and close the accounts of any services you no longer use. It makes your life cleaner and simpler.

If you use the Dave banking app and are wondering how to cancel your Dave account, it can be done in three ways: You can use the Dave app directly, send an email requesting the cancellation of your Dave account or have a financial budgeting tool such as Rocket Money^SM cancel Dave and any other unwanted subscriptions for you.   

3 Ways To Cancel Your Dave Account

There are three simple and pain-free ways to cancel your Dave account, but before you opt out, take a few precautionary measures:

• Make sure your financial standing is strong enough that you no longer need the service; this means you’re confident that your account balance is always strongly positive and not in danger of being overdrawn.
• The Dave service allows you to view your entire account history of transactions; print this out and keep it in your records in case a dispute arises.
• Make sure that any cash advances from the Dave bank have been repaid in full and your account balance is at zero.

By Email

• Address your email to friends@trydave.com
• Subject line “Please cancel my account”
• Include your full name, account number and the telephone number associated with it
• Explain that you wish to close the account immediately and discontinue charges
• IMPORTANT: Ask them to reply confirming that your email was received and they are acting to close the account
• When the confirming email arrives, be sure to save the email and print a copy for your records

Through The Dave App

Perhaps the quickest and most direct way to close your Dave account is by using the Dave app itself:

• Step 1: Open the Dave app and log in to your account
• Step 2: Go to settings
• Step 3: Select “Edit Profile”
• Step 4: Select “Close my Dave Account”
• Step 5: Provide a reason for closing your account
• Step 6: Confirm that you are closing the account

Financial App

If you have a financial budgeting service tied to your bank account, they might have a service that cancels unwanted subscriptions. The Rocket Money app, for instance, quickly identifies and reports on all your monthly subscription fees. If you see any that you no longer wish to continue, simply select and choose to cancel. Rocket Money will then contact the carrier for you and send a confirmation when the account is closed. This action typically requires 2 – 7 business days to complete.

How To Verify Your Dave Account Has Been Canceled

After you’ve cancelled your Dave account, make a note to follow up and confirm that the action is complete. Some of these confirmations may not be final for a few weeks, so put it on your calendar.

• Look at the transaction history of your bank account. Find the last occurrence of the subscription payment to Dave. This can be listed in one of several ways, but typically appears as something like “DAVE INC, CA”, “DAVECOM”, or “BUSINESS TO BUSINESS ACH Dave Dave Dave DAVE INC.”
• This transaction typically occurs on around the same day every month. If there is no withdrawal for your Dave account 1 month after the last action, you can be confident the account is closed.
• Make a note to check again in a couple of weeks, just to be sure.
• If you chose to close the account by email and asked for a confirmation email that the action was taken, check that the email was received, save the confirmation email and print a copy for your records.
• If you used a financial budgeting app such as Rocket Money to close the account, check the app for a list of live subscription services and make sure that the Dave app no longer appears.
• IMPORTANT: You cannot stop and close the Dave account by simply deleting the app from your mobile device. You must actively contact Dave and close the account using one of the methods outlined above.

What If Dave Keeps Charging My Bank Account?

If a monthly charge for your Dave account appears after you’ve taken action to close the account, it may be because the cancellation registered after the monthly renewal date had already passed. The charge should disappear on the next renewal cycle.

If the charge keeps occurring, you can retrace the steps taken above to cancel the account contact dave.com and select Help to seek an explanation.

The Bottom Line

Cancelling your Dave account is a very simple process that you can directly through the Dave app, via email or with the aid of a personal budgeting service that’s tied to your bank account. Once you’ve cancelled, be sure to follow up by checking your account transaction history to make sure the charge does not recur. Note that you cannot cancel your account by simply deleting the app from your device.

Get a real time snapshot of your financial landscape when you download the Rocket Money app today. It allows you to easily cancel unwanted subscriptions or accounts and start saving money.