Dave Completes Transition to Simplified Fee Structure

Core Insights - Dave Inc. has completed the transition from an optional "Tips" pricing model to a simplified 5% fee structure for its ExtraCash service, which includes a minimum fee of $5 and a cap of$15 [2][3] - The new fee structure aims to enhance member experience and lifetime value, with early testing showing positive feedback from members [2][3] - This transition aligns with Dave's mission to simplify financial services and promote financial equity among its members [3] Company Overview - Dave Inc. is a leading neobank and fintech company in the U.S., serving millions of everyday Americans with innovative banking solutions at lower costs compared to traditional banks [4] - The company partners with Evolve Bank & Trust, which is a member of the FDIC, to provide its services [4]