Cash App is a finance app that provides peer-to-peer payments, everyday banking and investing services. Its Cash App Borrow feature allows eligible Cash App users in the US to take out a short-term loan of up to $200 to cover financial emergencies.
However, you’ll need to satisfy specific eligibility requirements to qualify for a loan.
Is Cash App in Canada?
No. Unfortunately, Cash App isn’t available in Canada, and is only available to select customers in the USA and the UK.
But if you’re looking for a small, short-term loan, there are several other options to consider. Check out these loans like Cash App in Canada.
Apply online for an interest-free line of credit of up to $150 to cover small expenses and build your credit. Get funds in 1-3 business days with a free account. For $11.99 per month, get access to premium services, including funding in 1-30 minutes, a free Equifax credit report and identity theft protection.
Easy to apply
No credit checks
No interest
$11.99 per month for fast transfers, full credit report and other premium perks
Small loan amounts only
Loan amount
$30 – $150
APR
Starting at 0%
Term
30 days, extendable
Fees
No interest or fees to access credit line, optional $11.99/month membership to get premium services such as instant funding
Turnaround time
1-30 minutes with a paid membership or 1-3 business days with a free membership.
Pay advance service Bree lets you borrow as much as $250 to help you cover expenses until your next payday. It's easy to apply and there are no interest charges to worry about, but there is a fee if you want fast access to the funds.
Easy application process
No credit checks
0% interest and no late fees
Loan amount may not be enough for your needs
Monthly fee for Bree's budgeting tool
Fee for fast transfers
Loan amount
$20 – $250
APR
Starting at 0%
Term
Next pay cycle (61 days max.)
Fees
No interest or fees to access cash advance, fee for express funding (varies based on advance)
Turnaround time
Within 8 hours for the express option (fee charged based on advance amount) and up to 3 business days for standard delivery
Get a zero-interest cash advance ranging from $20 to $250 when you pay a subscription fee starting at $2/month. You'll need a KOHO account to access this service. Full Review
No late fees
Zero interest
No impact to credit score
Free financial coaching available
KOHO account required
Loan amount
$20 – $250
APR
Starting at 0%
Term
Flexible
Fees
subscription fee starting at $2/month
Turnaround time
Immediately
Serviced provinces
All provinces and territories
⚠️ Warning: Be cautious with payday loans
High-cost payday loans are unsustainable for borrowing over a continued period of time and are expensive as a means of longer-term borrowing. View payday costs and regulations by province here. If you're experiencing financial hardship call Credit Counselling Canada for free financial counselling (Monday-Friday 8:00am-5:00pm at +1 866-398-5999). You may also want to consider payday loan alternatives.
Next on our list of instant loans like Cash App in Canada, iCash is an online payday lender available 24/7. You can get approved and funded for a loan within an hour, and iCash also offers a mobile app for convenient applications.
4.8/5 stars based on over 2,100 Trustpilot reviews
PAY2DAY is a payday lender that accepts online and in store loan applications. You won't need to undergo a credit check to apply, and support for Interac e-Transfers means you can get the money you need quickly.
Get cash in 1 to 2 hours
4.8/5 stars based on over 4,200 Trustpilot reviews
Maximum borrowing costs of payday loans per province
Always refer to your contract for exact repayment amounts and costs.
Province
Max. cost of borrowing a $100 payday loan
Cooling off period to cancel loan
Max. penalty for returned cheque or pre-authorized debit
Alberta
$15
2 business days
$25
British Columbia
$15
2 business days
$20
Manitoba
$17
48 hours excluding Sundays and holidays
$20
New Brunswick
$15
48 hours excluding Sundays and holidays
$20
Newfoundland and Labrador
$14
2 business days
$20
Nova Scotia
$15
Next business day (2 days for online loans)
$40 (default penalty)
Ontario
$15
2 business days
$25
Prince Edward Island
$15
2 business days
N/A
Quebec
Limit of 35% AIR
N/A
N/A
Saskatchewan
$17
Next business day
$25
How to find the best cash app in Canada
There are several factors to consider when searching for the best cash app in Canada. Factors to consider include:
Loan amount. Check out how much you can borrow through these Cash App alternatives. Some offer small loans of $200 or less, while others provide access to payday loans of up to $1,500.
Turnaround time. Read the fine print to find out how long it will take you to apply for a loan, get approved and get funded. If you need money fast, some services allow you to get a loan within an hour. Learn more about fast, easy loans.
Interest rate and fees. Check the total cost of borrowing, including any interest rates and fees. If you take out a payday loan, the maximum amount a lender can charge you is limited to $14 to $17 for every $100 borrowed depending on where you live. If you use a pay advance service, there are typically no interest charges but subscription and express transfer fees often apply.
How to access funds. Will the funds be sent to your bank account via Interac e-Transfer or direct deposit, or will you be able to spend the loan amount using a prepaid debit card?
Eligibility requirements. Find out what criteria you’ll need to meet to qualify for a loan, such as credit score, income and employment requirements.
Other features. Finally, be sure to check what other financial services (if any) the app offers. These may include:
Peer-to-peer payments
Budgeting and money management tools
Investing services
Cash back on purchases
Where to get small loans in Canada
If you need to take out a small loan in Canada, you probably won’t be able to find what you need at a bank or credit union. These traditional lenders tend to have high minimum personal loan amounts, commonly $1,000 – $3,000, which may be more than you need to borrow.
However, the good news is that there are still several other options to consider:
Personal loans from online lenders. Online lenders offer smaller loan amounts and also have more lenient eligibility requirements than traditional lenders. Loan amounts start from $500 and it’s easy to apply online, but watch out for high rates.
Payday loans. Payday loans offer fast access to amounts of up to $1,500. You can apply online or in-store, but be aware that payday loans are an extremely expensive way to borrow money.
Pay advance apps.Pay advance services offer small loans that are typically $200 or less. There’s no interest and no credit checks to worry about, but a subscription fee usually applies. You may also need to pay an additional fee if you want to access the funds straight away.
Credit card cash advances. A credit card cash advance is a quick and convenient way to access emergency funds. Just be aware that a cash advance fee and high interest rates apply.
Overdrafts. Choosing overdraft protection on your chequing account can help you avoid NSF fees when you get short of funds. However, high interest rates and overdraft fees apply.
When you need money in a hurry, there are two main emergency loan options to choose from:
Payday loans. Payday loans allow you to take out an emergency loan in as little as an hour in some cases. You can apply online or in-store, and some lenders operate 24/7. However, payday loans have very short repayment terms and come with very high APRs, so they should only be considered as a last resort.
Personal loans. Online personal loan lenders allow you to apply for a loan and get funded within 24 hours. They offer longer terms and higher amounts than payday loans, but the eligibility requirements are usually stricter.
Depending on your circumstances, there are a couple of other options you may like to consider. If you only need a small loan of $100 or so, a pay advance service may be the most cost-effective solution. Alternatively, if you need cash fast without the hassle of applying for a new loan, you might want to use your credit card to withdraw a cash advance.
Ultimately, you’ll need to compare a range of loan options to find the best solution, and check out our emergency loans guide for more information.
Frequently asked questions
Cash App is only available in the USA and the UK, not in Canada. However, there are several other services that offer peer-to-peer payments in Canada.
There has been no public announcement of an official launch date for Cash App in Canada.
The Cash App platform offers fast and free peer-to-peer money transfers. Once you create an account and link it to your bank account, credit card or debit card, you can use Cash App to send money to and request money from other Cash App users.
Tim Falk is a freelance writer for Finder. Over the course of his 15-year writing career, he has reported on a wide range of personal finance topics. Whether you're investing in stocks and ETFs, comparing savings accounts or choosing a credit card, Tim wants to make it easier for you to understand. When he’s not staring at his computer, you can usually find him exploring the great outdoors.
Borrowing $100 can be a quick and easy process. This guide covers how you can get a small loan in Canada, including benefits, drawbacks and eligibility requirements.
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