Cleo – Budget & Cash Advance – Structured Overview

1. Core Information

Cleo is an AI-powered financial assistant designed to help users manage their finances through budgeting, saving, credit building, and cash advances. With a conversational interface, Cleo aims to make financial management more engaging and accessible.

✅ Available on Android and iOS
✅ Over 5 million users
✅ Latest Version: 1.301.0 (as of July 5, 2024)

2. Features & Offerings

Account Setup & Access

Easy Sign-Up: Create an account using your email address; no credit check required.
Bank Integration: Connect your bank accounts securely to monitor transactions and balances.

Financial Management Tools

Budgeting: Track spending habits and set personalized budgets.
Saving: Automate savings with customizable rules and goals.
Credit Building: Access tools and tips to improve your credit score.

Cash Advances

Instant Access: Borrow up to $250 without interest or credit checks.
Subscription Plans:
- Cleo Plus: $5.99/month for access to up to $100.
- Cleo Builder: $14.99/month for access to up to $250 and credit-building features.
Transfer Options:
- Standard Transfer: Free, takes 3-4 business days.
- Express Transfer: Immediate, with an additional fee.

AI Chatbot Interaction

Conversational Interface: Engage with Cleo’s chatbot for financial advice, spending insights, and even humorous “roasts” about your spending habits.

3. Security & Usability

Cleo prioritizes user security and ease of use:

Data Protection: Employs bank-level encryption to safeguard user information.
User-Friendly Interface: Intuitive design for seamless navigation and interaction.
Real-Time Notifications: Stay updated on transactions and financial insights.

4. Limitations

Subscription Fees: Access to certain features requires a monthly subscription.
Limited Investment Options: Does not offer investment or wealth management services.
Potential for Over-Borrowing: Users should be cautious to avoid reliance on cash advances.

FAQs

1. How do I download Cleo for Android?

You can download the Cleo app from the Google Play Store or trusted APK providers like APKMirror.

2. Is Cleo free to use?

Cleo offers basic budgeting and saving features for free. Access to cash advances and credit-building tools requires a subscription to Cleo Plus or Cleo Builder.

3. What’s the maximum cash advance I can get?

With a Cleo Builder subscription, users can access up to $250 in cash advances.

4. How does Cleo help build credit?

Cleo provides tools and guidance to help users understand and improve their credit scores, including tracking credit factors and offering personalized tips.

Alternatives & Recommendations

Similar Apps

If you’re exploring alternatives to Cleo, consider:

Chime – Offers fee-free banking with early direct deposit features.
Dave – Provides cash advances and budgeting tools.
Earnin – Allows users to access earnings before payday.

Editor’s Picks

Varo – Combines banking and saving features with no monthly fees.
Albert – Offers financial advice and automatic savings.

Cleo APK