Upgrade Announces Launch of Boost Money™ With Access to Cash Advance and up to 10% APY Savings Account - Our Response to the K-Shape Economy and the Affordability Crisis

We’re proud to announce the launch of Boost Money™, a mobile banking product designed to help consumers get access to cash when they need it most, build credit, and grow their savings. 

Boost Money™ is available for free or as a paid monthly subscription for even more features and benefits. 

What is Boost Money™?

Boost Money™ brings together everyday spending tools, smart savings features, and access to extra cash. Customers can open the following accounts:

• Boost Money™ Spend: An everyday checking account that comes with a secured credit builder card (Boost Money™ Card), access to cash advances (BoostCash™) , early paycheck availability, and no overdraft fees.
• Boost Money™ Save: A high-yield savings account, available alongside Boost Money™ Spend, that helps customers grow their money.

Key Benefits of Boost Money™ 

Both tiers of Boost Money™ give customers peace of mind that when one-off, surprise expenses occur, they have access to cash to help cover them. Opting into the subscription version allows customers additional benefits, like earning a higher-yield rate on their savings balances.

Free Tier

• BoostCash™: Interest-free cash advances up to $500¹
• Credit Builder Card: Every payment gets reported to the three major credit bureaus to help customers build credit over time with responsible use²
• Early Paycheck Access: Get paid up to two days early with direct deposit
• No Annoying Fees: No overdraft or monthly maintenance fees

Premium Tier ($9.99 monthly subscription)³ All the free tier benefits, plus:

• 10.00%* APY on savings balances up to $1,000
• Fast track for BoostCash™ interest-free cash advances up to $500 
• Unlimited free express delivery of BoostCash™ advances
• VIP customer service
• Personal identity theft protection benefits
• Purchase and travel protection benefits

K-Shape Economy and the Affordability Crisis

With inflation continuing to weigh down on consumers’ budget and gas prices skyrocketing, making it particularly hard for low and medium income families to make ends meet, and most credit cards charging over 24% APR on cash advances, Boost Money™ is a timely, responsible alternative that helps customers avoid credit traps and sets them up for success. Customers may take one interest-free BoostCash™ advance at a time, which is automatically repaid on their expected payday—helping them bridge short-term gaps. Boost Money™ reinforces our promise of responsible and affordable financial products by providing customers with the tools to cover short-term money gaps, build their credit, and grow their savings.

About Upgrade

Upgrade is a financial technology company that offers affordable and responsible credit, mobile banking, and payment products to mainstream consumers. Since its inception in 2017, Upgrade has delivered over $45 billion in affordable and responsible credit to over 7.5 million customers. Upgrade’s core products include: Personal Loans, Mobile Banking, Cards, BNPL, Auto Financing, and Home Improvement Financing. 

Upgrade is headquartered in San Francisco, California, with an operations center in Phoenix, Arizona, a technology center in Montreal, Canada, and regional offices in Atlanta, Georgia, and Irvine, California. 

Learn more about Boost Money™ and view other important disclosures at https://www.upgrade.com/boost-money/. 

All loans, Personal Credit Lines, and checking and savings accounts are provided by Upgrade's bank partners. Upgrade Visa® Cards and Upgrade Visa® Debit Cards are issued by Upgrade's bank partners, pursuant to a license from Visa USA Inc. Upgrade, Inc. (NMLS #1548935) holds the following state licenses and does business under the following DBAs. Upgrade is a financial technology company, not a bank.

¹Delivery may take 3-5 business days without Premium or via ACH; or within minutes with express delivery for Premium subscribers ($9.99/mo). Funds availability depends on the receiving bank.

Generally: BoostCash™ personal loans (“BoostCash™ advances”) range from an initial $20 and up to $500 over time for eligible Boost Money™ Spend customers, subject to eligibility requirements at upgrade.com/boostcasheligibility, including eligible direct deposits, and approval. Boost Money™ Spend customers must receive eligible direct deposits to your Boost Money™ Spend account to qualify for $250-$500. If eligible, your BoostCash™ advance amount can increase over time based on several factors, such as positive repayment history. If any eligibility requirement is waived, subsequent BoostCash™ advances are subject to all eligibility requirements and approval. BoostCash™ advances made through Upgrade feature Annual Percentage Rates (APRs) of 0.00% and a term of up to 34 days. For example, a $25 BoostCash advance with a 14 day term and a 0% APR has a required single installment payment of $25 on your due date. BoostCash™ advances are generally repaid in full on the due date which is the estimated date of your next expected payroll or employer direct deposit and are repaid automatically from the account you designate as your repayment accounts or, if your funds are insufficient for repayment, any deposit account you have opened through Upgrade or otherwise authorized for repayment. You must repay a BoostCash™ advance before you may get a new one. BoostCash™ advances are not available in all states. See BoostCash™ Account Agreement for details. *For Boost Money™ Save accounts, the 10.00% Annual Percentage Yield (APY) up to a $1,000 balance requires a Premium subscription ($9.99/mo). Balances over $1,000 with Premium earn 3.05% APY. Without a Premium subscription, the APY for the Boost Money™ Save account is 1.50% on all balances. The APY is effective as of 10/31/2025, is variable and may change at any time. Certain fees, such as outbound wire transfers or RTP, may impact earnings. Please refer to the applicable Cross River Bank Savings Deposit Account Agreement and Truth in Savings Disclosure. ²Add funds to your Boost Money™ Spend account, and spend up to the available balance with Boost Money™ Card. We'll report on-time payments to the three major credit bureaus (Transunion®, Experian®, and Equifax®) to help you build credit over time. Credit score improvement is not guaranteed. Late payments, delinquencies or other derogatory activity on this account or your other credit card accounts and loans may adversely impact your ability to build credit.

³Boost Money™ customers with a $9.99/month Premium subscription receive additional benefits including: 10.00% Annual Percentage Yield (APY) on Boost Money™ Save balances up to $1,000, generally faster increases in BoostCash™ personal loans (“BoostCash™ advances”) amount(s) than non-subscribers with account activity and history, up to your individual BoostCash limit or $500 maximum over time with eligible recurring direct deposits, subject to eligibility requirements at upgrade.com/boostcasheligibility, unlimited express delivery of BoostCash™ advances, fee-free same day bank transfers, Personal Identity Theft (up to $15K), Purchase Security (up to $500 per claim and $50,000 per cardholder), Return Protection within 90 days of purchase for returns not accepted by the retailer (purchase price up to $250 per item and $1,000 per account), Extended Warranty Protection for eligible U.S. warranties 3 years or less (up to $10K per claim and $50K per cardholder) Trip Cancellation Protection (up to $2K), and a dedicated VIP customer service contact number. With Personal Identity Theft, Purchase Security, Return Protection, Trip Cancellation and Interruption and Extended Warranty Protection certain terms, conditions and exclusions apply. For Retail Protection Benefits and Travel Protection Benefits, you must use your Boost Money Card to secure transactions. This does not apply to transactions not processed by Visa. Please refer to your Premium benefits guide for further details. Limited free trial offers may be available from time to time, including for select Boost Money™ customers at application and who enroll in Premium within the required offer period, and select first-time Premium subscribers who link direct deposit when requesting their first BoostCash™ advance. Multiple free trial offers cannot be combined. If applicable, after your free trial period your Boost Money™ Spend account will be charged $9.99/month unless you cancel before then in Profile & Settings -> My Subscription. If you are a returning Boost Money™ customer, you will be charged the $9.99 fee immediately upon re-subscribing. Cancel anytime. Eligibility for coverage begins on the date you enroll in the Premium subscription plan. In the event you cancel your Premium subscription, Retail and Travel Protection Benefits, and Personal Identity Theft coverage will terminate when your Premium subscription ends. Premium subscription fee amount is subject to change. Premium subscription is not available in all states. See Premium Terms and Conditions for more information.