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Cash app costs · 6-MINUTE CHALLENGE

Can you spot the expensive advance?

A card being held over a payment terminal12 QUESTIONS · 3 ROUNDS

Small fee. Big difference.

A little tip here. A monthly fee there. Put your fee-spotting skills to work before the small print gets expensive.

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THE EXPLANATIONS

Every question, with the answer.

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1. Which $100 advance costs the most?

All three arrive in time, run for 14 days and charge no interest. Each membership below is bought only to get this advance.

  • A: $3 fee, no tip or membership
  • B: $0 fee, $12 required membership
  • C: $2 fee plus a $4 tip, no membership

Answer: B: $0 fee, $12 required membership

B costs $12. A costs $3 and C costs $6. The $100 principal is the same in every offer, so compare the extra dollars. “No fee” on one line does not erase a required subscription.

Compare your own quote →
2. What leaves your account on repayment day?

You receive $100. A $5 delivery fee and a $3 tip are collected with the principal. There is no interest, membership or other charge.

  • $100
  • $108
  • $105

Answer: $108

$100 + $5 + $3 = $108. The borrowing cost is $8; the repayment is $108. Keeping those two figures separate makes the next payday easier to plan.

Read the fee breakdown →
3. You already pay for the membership. Now what?

Your $12 monthly membership will continue whether or not you borrow. This month, one advance adds a $4 fee. What is the full cost including membership?

  • $16
  • $4
  • $12

Answer: $16

The full monthly cost is $16. The extra cost of this advance is $4 because you would pay the $12 anyway. Both figures are useful, but the membership still leaves your account.

See full and incremental costs →
4. Three advances. One subscription.

You take three advances in one monthly billing period. Each has a $2 fee. Your required subscription is $9 for that month, with no other charges.

  • $33 in total charges
  • $9 in total charges
  • $15 in total charges

Answer: $15 in total charges

Three $2 fees make $6. Add the $9 subscription once: $15. Multiplying the subscription by the number of advances would overstate this month’s cost.

See how repeated fees add up →
5. Can the free transfer cover tonight’s bill?

A fictional app offers free delivery in three business days or a $6 express option. Your bill is due tonight. You have not checked the express arrival conditions.

  • Yes—free delivery means it will arrive today
  • Check usable-funds timing and other options before choosing
  • The express label guarantees arrival before the bill

Answer: Check usable-funds timing and other options before choosing

The free route misses the stated deadline. The express label still needs a timing check. Compare the full charge and when you can actually use the funds; asking the bill provider about timing may also help.

Explore a different bill date →
6. What does a $5 fee twice a month become?

You repeat the same pattern for 12 months. No subscription, tips, interest or other charges apply. Count fees only, not the money borrowed.

  • $60
  • $10
  • $120

Answer: $120

$5 × 2 advances × 12 months = $120 in fees. A small one-off charge looks different when it becomes a regular expense.

Try a different pattern →
7. Two offers. Which leaves more in your account?

Both approve $100 with no interest or other charges. A deducts a $6 fee before delivery. B delivers $100 and collects its $6 fee at repayment. Which sends you more usable money today?

  • A sends more
  • B sends more
  • They both send $100

Answer: B sends more

A delivers $94; B delivers $100. Both charge $6, but the fee’s timing changes the cash available today. Compare the amount received as well as the amount you will repay.

Compare cash received and repaid →
8. Which cost do you actually know?

An offer says “membership from $2 per month.” Your personalized monthly price has not been shown. Which number belongs in a firm comparison?

  • $2, because it is advertised
  • $0 until you are charged
  • You need the actual required price

Answer: You need the actual required price

A starting price is not a confirmed quote. Wait for the actual required membership and any other fees before calculating a firm total. An unknown charge should not become zero.

Read about advertised versus approved offers →
9. The optional tip is set to $4. What if you choose $0?

In this fictional offer, a tip is entirely optional and does not affect eligibility or delivery. The advance is $100, with a $3 delivery fee and no other charges.

  • Repayment becomes $103
  • Repayment stays $107
  • The advance is automatically cancelled

Answer: Repayment becomes $103

With a $0 tip, the repayment is $100 + $3 = $103. The original $4 tip would have made it $107. This example assumes the tip is optional under the stated terms.

Separate optional and required costs →
10. One advance crosses two billing dates. Count how many memberships?

You subscribe only for this advance. The agreement bills $8 at sign-up and another $8 before you cancel. The advance fee is $5; there are no other charges.

  • $13 in charges
  • $21 in charges
  • $8 in charges

Answer: $21 in charges

Two $8 membership payments plus the $5 advance fee make $21. Count the subscription periods you actually pay for, not just the number of advances.

Include every billing period →
11. A $4 fee once a week, or $10 once a month?

Compare fees only over exactly four weeks and one monthly billing period. The weekly option is used four times. The monthly option is used once.

  • The weekly option costs $6 more
  • The monthly option costs $6 more
  • They cost the same

Answer: The weekly option costs $6 more

Four $4 fees total $16, compared with $10. This is a fee-only comparison; the amounts received and repayment dates would also need to match for a product comparison.

Check a repeated borrowing pattern →
12. A $200 limit with $80 still used. What is left?

Assume a fictional revolving line with no pending transactions, fees or other restrictions. The provider shows a $200 approved limit and an $80 outstanding balance.

  • $200
  • $280
  • $120

Answer: $120

$200 − $80 = $120 available under these assumptions. The approved limit and the remaining available amount are different figures. Real providers may apply other restrictions.

Understand your available limit →

Sources and quiz notes

By The Paycheque. Published . Updated . One point per correct answer. Hints do not reduce your score. No percentile, credit score or financial-health rating is inferred.

Add every charge you would pay, check when the money arrives, and keep subscriptions separate from the amount borrowed.

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