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.
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 or a way to send money transfers, there are several other options to consider. Check out these loans or apps like Cash App in Canada.
Pay advance service Bree lets you borrow as much as $350 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's a small monthly subscription fee plus an extra fee if you want fast access to funds.
Easy application process
No credit checks
0% interest and no late fees
$2.99 monthly membership fee
Loan amount may not be enough for your needs
Extra fee for fast transfers
Loan amount
$20 – $350
APR
Starting at 0%
Term
Next pay cycle (61 days max.)
Fees
0% interest for cash advances but a $2.99 monthly membership fee applies, fee for express funding (varies based on advance)
Turnaround time
Within 8 hours with express delivery (fee is based on the advance amount) and up to 3 business days for standard delivery
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
0% interest and no fees to access credit, optional $11.99/month membership for premium services like instant funding
Origination fee
$11.99
Turnaround time
1-30 minutes with a paid membership or 1-3 business days with a free membership.
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.
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
⚠️ 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
24/7 online approvals and funding
Not available in all provinces
High cost of borrowing
Short loan terms
Loan amount
$300 – $1,500
APR
Varies by province
Term
Up to 62 days
Min. Turnaround time
Within 1-2 hours via e-Transfer once approved
Credit Check
No
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
Cash App for mobile banking and payments
Cash App doesn’t just offer small, short-term loans to eligible users in the USA and UK. It can also be used to send and receive money transfers, earn interest on your account balance, and access your money using a linked debit card.
As you already know, Cash App isn’t available in Canada — but the alternatives below are.
Banking and mobile payment solutions like Cash App in Canada
Interac is an interbank payment network that links Canadian financial institutions. Interac e-Transfers let you send fast money transfers to anyone who has an account with a participating bank or credit union and an active email address or mobile number. It's easy to send an e-Transfer from your financial institution's online or mobile banking app. Interac also offers the Interac Debit service which can be used to shop online and make e-commerce payments from your digital wallet. Full Review
Send money almost instantly
Use your regular bank account
Available at most banks and credit unions
Easy money transfers
Some bank accounts charge a fee for sending e-Transfers
You'll need an account with National Bank if you want to send an international transfer
Wise is best known as an international money transfer service, allowing you to send money to bank accounts in 76 countries around the world at the mid-market exchange rate. It also offers a multi-currency account that lets you send and spend money in 52 currencies, an international debit card for making purchases overseas, and local bank account details that let you receive payments in 8 different currencies. Full Review
Get the mid-market exchange rate
Easy to manage your global spending
Transparent fee structure
User-friendly app
24/7 multilingual support
Transfer fees apply
Only supports transfers to bank accounts
Transfer Amount
$1 – $1,500,000
Payout Method
Bank account Alipay (China only)
Pay By Method
Credit card Debit card Bank transfer Interac e-Transfer Online bill payment Direct debit (EFT)
PayPal provides a secure online payment method for online shopping. It allows you to quickly check out without revealing your credit card details, while you can also use the PayPal app to send money to friends and family. And thanks to a partnership with money transfer service Xoom, you can send international transfers to over 130 countries as well. Full Review
Easy to use
Send money with credit card, debit card or bank account
MoneyGram is an international money transfer service that lets you send funds to over 200 countries and territories around the world. It's best known for offering fast cash transfers to a global network of over 350,000 locations. But MoneyGram also supports transfers to bank accounts and mobile wallets, and you can pay for the transaction using your credit card, debit card, bank account or cash. Full Review
Huge global network
Get cash to your recipient within minutes
Highly rated mobile app
Wide range of payment and delivery methods
High exchange rate markup
Watch out for fees
Transfer Amount
$1 – $990
Payout Method
Cash pickup location Bank account Mobile wallet Home delivery
Xe is a foreign exchange company that offers online international money transfers to 200 countries in 100 currencies. You can send money online or via the Xe app, and transfer the funds to your recipient's bank account, mobile wallet or as cash. Multiple payment methods are also supported for added flexibility. Full Review
OFX is a specialist money transfer service that lets you send money to over 170+ countries. You can send payments in 52 currencies, then pay for your transaction via direct debit or wire transfer. OFX lets you send money online or via a mobile app, and if you need help with a transaction, 24/7 support is available. Full Review
Send money to over 170+ countries
Limit orders and forward contracts available so you can get the rate you want
FINTRAC regulated
Send money to bank accounts only
Other options are better if you need to send a fast transfer
Apple Cash is a digital card that's built into your iPhone or iPad. You can use it to send, receive and request money, with Apple Cash accessible through your Wallet. You can also use it to make purchases using Apple Pay. Full Review
Easy to set up and use
Send money in messages or from your Wallet
Only for iOS devices
Not available to Canadian residents
Transfer Amount
N/A – N/A
Payout Method
Mobile wallet
Transfer Methods
Through app
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.
Transfer speed. If you’re using the app to send money, check how long it takes for your payment to make it to your recipient. Transfer times may vary depending on the payment and delivery methods you select.
Supported currencies. For international transfers, check which currencies the provider supports and which countries you can send money to.
Payment and delivery options. Check what payment options are available when sending money. Also check how your recipient will get the money — in their mobile wallet, to their bank account or as a cash pickup.
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.
You can only use Cash App to send money between the USA and UK. You and your recipient will both need to have Cash App accounts in order to complete a successful transfer. Cash App does not support international transfers to other destinations.
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. See full bio
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.
Feedback
How likely would you be to recommend Finder to a friend or colleague?
0
1
2
3
4
5
6
7
8
9
10
Very UnlikelyExtremely Likely
Required
Thank you for your feedback.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
Advertiser Disclosure
finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
