---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-030195"
form_type: "8-K"
ticker: "DAVE"
cik: "0001841408"
company_name: "Dave Inc./DE"
filed_at: "2025-02-20T23:59:59+00:00"
generated_at: "2026-05-26T09:25:48.651909+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Dave completes shift from optional Tips to 5% fee structure on ExtraCash

## Summary
- Replaced optional Tips (as low as $0) with a flat 5% fee; $5 minimum, $15 cap per transaction.
- No additional fees for instant transfer of ExtraCash funds to Dave Checking accounts.
- Early testing shows positive member feedback and improved lifetime value; full migration underway in early 2025.
- New structure simplifies pricing for all members; aligns with Dave's mission to level the financial playing field.

## SEC filing metadata
- accession: 0001193125-25-030195
- form_type: 8-K
- ticker: DAVE
- cik: 0001841408
- company_name: Dave Inc./DE
- filed_at: 2025-02-20T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1841408/000119312525030195/0001193125-25-030195-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1841408/000119312525030195/d836526d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-030195
- JSON: https://secwatch.observer/filing/0001193125-25-030195.json
- Plain text: https://secwatch.observer/filing/0001193125-25-030195.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.