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.
Apply online for an interest-free line of credit of up to $250 to cover small expenses and build your credit. Get funds in 1-3 business days with a free account. For $11.99, get access to premium services, including funding in 1-30 minutes, credit monitoring and identity theft protection.
Easy to apply
No credit checks
No interest
Build credit history
$11.99 for fast transfers, credit monitoring and other premium perks
Small loan amounts only
Costs
0%
Loan Amount
$30 – $250
Loan Term
31 days, extendable
Credit Check
No
Turnaround Time
1-30 minutes with a paid membership or 1-3 business days with a free membership.
Requirements
You must be 18 years or older and have a minimum monthly income of $1,000.
Pay advance service Bree lets you borrow as much as $500 to help you cover expenses until your next payday. It's easy to apply and there are no interest charges or fees to worry about if you want standard funding, 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
One-month free trial for new customers
$2.99 optional monthly membership fee for express funding
Loan amount may not be enough for your needs
Costs
0%
Loan Amount
$20 – $500
Loan Term
Next pay cycle (90 days max)
Credit Check
No
Turnaround Time
Receive funds within 5 minutes with express delivery (the fee is based on the advance amount) and within 1 to 3 business days for standard delivery.
Requirements
You must have a bank account with regular income deposits and a Visa or Mastercard debit card with a CVV
Serviced Provinces
All provinces and territories
Apple App Store Rating
4.8
Google Play Rating
4.9
⚠️ Warning: Be cautious with payday loans
High-cost payday loans are unsustainable for long-term borrowing, with up to $14 charged per $100 borrowed. If you're experiencing financial hardship, consider calling 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 is iCash, an online payday lender that's 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.
4.2/5 stars based on over 2,500 Trustpilot reviews
Get money within an hour
Get funded 24/7
Accepts bad credit
Payday loans are expensive
Short repayment terms
Not available in all provinces
Loan Amount
$100 – $1,500
Loan Term
7 - 62 days
Cost
$14 per $100 borrowed
Serviced Provinces
AB, BC, MB, NB, NS, ON, PEI
Speed
As little as 2 minutes with Interac e-Transfer
Credit Check
Yes
Requirements
- At least 18 years old (for applicants in Alberta, Manitoba, Ontario and PEI) - At least 19 years old (for applicants in British Columbia, New Brunswick and Nova Scotia) - Canadian resident in a province that iCASH services - Valid cell phone number, address and email address - Net income of at least $800/month deposited into bank account - Receiving the same source of income for the past 3 months - Have a Canadian bank account that's been open for at least 3 months with online banking
GoDay is an online-only direct lender offering quick payday loans. It's a licensed lender and has been in business since 2012. Get your funds via Interac e-Transfer within minutes of submitting your signed contract.
Instant decisions
Fast access to funds
Established lender with a Better Business Bureau A- rating
Bad credit is okay
Not available in all of Canada
High cost of borrowing
Loan Amount
$100 – $1,500
Loan Term
Up to 62 days
Cost
$14 per $100 borrowed
Serviced Provinces
AB, BC, MB, NB, NS, ON, PEI, SK
Speed
As little as 2 minutes with Interac e-Transfer
Credit Check
Yes
Requirements
- Canadian resident over the age of 18 - Valid email address and phone number - Have an open bank account with a Canadian bank or credit union
Wagepay is an online payday lender that offers 24/7 loans. You can apply online or via mobile app, there are no credit checks, and loans are funded day or night via e-Transfer.
No credit check
Quick approval and funding
Easy application
Postpone or split repayment once per advance
Not available in all provinces
High cost of borrowing
Short loan terms
Loan Amount
$100 – $1,500
Loan Term
Up to 62 days
Cost
$14 per $100 borrowed
Serviced Provinces
BC, ON
Speed
As little as 2 minutes with Interac e-Transfer
Credit Check
No
Requirements
- Be at least 18 years old in Ontario or 19 in BC - You must live and work in Canada - You must be employed and receive a regular, consistent income from your employer of at least $400/week ($1,600/month) - You must leave enough of your income each pay cycle in your account to be able to repay an advance - You must have a generally good banking history
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.
Wise is best known as an international money transfer service, allowing you to send money to bank accounts in 52 countries and the European region at the mid-market exchange rate. It also offers a multi-currency account that lets you send and spend money in 40+ currencies, an international debit card for making purchases overseas, and local bank account details that let you receive payments in eight 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)
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 440,000 locations. But MoneyGram also supports transfers to bank accounts, debit cards, mobile phones and mobile wallets, and you can pay for the transaction using your credit card, debit card or MoneyGram account balance. Visit a physical location if you want to pay in 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 – Not specified
Payout Method
Cash pickup location Bank account Mobile wallet Home delivery
Xe is a foreign exchange company that offers online international money transfers to 190 countries in 130 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 190+ countries. You can send payments in 50+ 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 190+ countries
Limit orders and forward contracts available to help you 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
Transfer Amount
$200 – Unlimited
Payout Method
Cash pickup location Bank account
Pay By Method
Debit card Bank transfer Direct debit (EFT) Money order
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.
Easy to use
Send money with credit card, debit card or bank account
Supports multiple transfer delivery methods
Watch out for fees
Exchange rate markups apply
Transfer Amount
$1 – $10,000
Payout Method
Cash pickup location Bank account Mobile wallet
Pay By Method
Credit card Debit card Bank transfer
Transfer Methods
Through app Online
Key takeaways
Alternatives to Cash App in Canada include cash advance apps, payday loans and money transfer services.
When searching for loans and apps like Cash App, consider loan amounts, costs, speed, transfer options, eligibility and extra features.
If you need fast, emergency funding, payday and personal loans offer funding the same or next day. Cash advance apps are also fast but come in very small amounts.
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 $14 for every $100 borrowed. 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.
Cash App is only available in the US 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 US 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.
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Cash advance service Bree allows you to borrow up to $500 with no interest and no late fees.
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