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Dave completes transition to simplified fee structure

Dave completes transition to simplified fee structure

Dave (DAVE) announced the completion of changes to its optional “Tips” and instant transfer feature for using its ExtraCash service. The optional fee model, which allowed members to access credit for as little as $0 per transaction, has been replaced with a simplified 5% fee structure including a $5 minimum and $15 cap. There will also be no additional fees incurred to instantly transfer funds from ExtraCash to Dave Checking accounts.

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