Beem

Beem is a consumer financial application operating in the United States that combines short-term cash access with money management, protection and benefits features. Its central product is Everdraft™, a cash access feature that lets eligible users draw an advance of up to $1,000 against future deposits, with the company stating there are no interest charges, no hard credit inquiry, no income restriction and no fixed due date; repayment is recovered automatically once a verified deposit arrives. Funds can be received into a Beem wallet or a linked debit card, or taken as gift cards or prepaid cards, and a rewards feature called Beem Boost grants additional cash for on-time payments and for avoiding overdrafts and failed payments. Access to Everdraft™ requires a paid subscription, which can also be extended to as many as five friends, each of whom receives their own line of funds without paying a separate subscription fee.

Beyond cash advances, the app includes peer-to-peer money transfer (including to recipients without a bank account, via gift and prepaid cards) and a Beem Pass feature, budgeting tools including a "Budget GPT" assistant and a budget planner, credit monitoring and identity theft protection, and a personal loan comparison marketplace advertising loans of up to $100,000. Beem also distributes non-financial benefits: Beem Health and Beem TotalCare subscription plans bundle telehealth through Teladoc, vision, dental, counseling, prescription discounts, lab testing, diagnostic imaging, diabetic supplies and hearing services through Amplifon, plus a life insurance benefit. Beem Drive surfaces auto insurance offers and savings, and a partnership with Grow Credit is offered as an add-on benefit.

The product was previously marketed under the name Line and was rebranded to Beem, with the company maintaining help-centre material explaining the transition for existing Line users.