E-Transfer payday loans in Canada 24/7

If you’re facing a financial emergency, applying to online lenders that e-Transfer payday loans in Canada is one of the fastest ways to borrow money. Online payday lenders give rapid approval and funding – sometimes 24/7 – but with sky-high interest rates and incredibly short repayment terms, consider all alternatives before you apply.

Lenders that e-Transfer payday loans in Canada

Compare lenders that provide e-Transfer payday loans in Canada, including those that offer it 24/7.

Payday lender	Loan details	E-Transfer details	Non-employment income it accepts	Serviced provinces
	Loan amount: $100 – $1,500 Loan term: 7 – 62 days Interest rate: Varies by province No documents required	E-transfer 24/7 in as little as 2 minutes.	Many types, such as employment insurance, child tax, ODSP, AISH, provincial disability, CPP, OAS and social assistance	AB, BC, MB, NB, NS, ON, PEI	Go to site Learn more
	Loan amount: $100 – $1,500 Loan term: 1 – 62 days Interest rate: Varies by province No documents required	E-transfer 24/7 in as little as 2 minutes	CCB, disability tax credit, OAS, CPP and private pensions	AB, BC, MB, NB, NS, ON, PEI, SK	Go to site Learn more
	Loan amount: $100 – $1,500 Loan term: 5 – 40 days Interest rate: Varies by province	Apply 24/7. Once approved, e-Transfer in as little as 15 minutes.	Many types, such as CPP, child tax credit, unemployment, disability	BC, MB, NL, NS, ON, SK	Learn more
	Loan amount: $100 – $1,500 Loan term: Up to 62 days Interest rate: Varies by province No credit check or documents required	E-transfer 24/7 in 15 minutes.	CCB, disability, pensions	AB, BC, MB, NS, ON, SK	Learn more
	Loan amount: $300 – $1,500 Loan term: Up to 62 days Interest rate: Varies by province No credit check or documents required	E-transfer 24/7 in 1 to 2 hours.	EI, CPP, OAS, child tax credit; does not accept social assistance or disability income.	ON, BC, NS	Learn more
	Loan amount: $250 – $1,500 Loan term: Up to 62 days Interest rate: Varies by province	Apply 24/7. Once approved, e-Transfer in as little as 30 minutes.	EI, child tax credit, CPP or private pension (must be paid via direct deposit)	All provinces except Quebec and PEI	Learn more
	Loan amount: $100 – $1,500 Loan term: Up to 62 days Interest rate: Varies by province No credit check or documents required	E-transfer 24/7 in 30 minutes	CPP, private pension, EI, WCB, child tax credit, non-government disability benefits (government disability income not accepted)	AB, BC and ON	Learn more
	Loan amount: $100 – $1,500 Loan term: Up to 62 days Interest rate: Varies by province No credit check or documents required	E-transfer in as little as 1 hour.	CPP, EI, WCB, non-government disability benefits	AB, BC, ON	Learn more

What are e-Transfer payday loans in Canada 24/7?

Payday loans are loans of up to $1,500 that you typically repay on your next payday. Once a lender approves you for a loan, one of the ways it can send you the money is through e-Transfer, which can sometimes be done in Canada 24/7.

Online payday loans are one of the easiest and fastest e-Transfer payday loans in Canada that you can get 24/7, often with no documents required. You can get payday loans on the same day you apply in as little as 15 minutes.

However, they come with very high interest rates, so it’s a good idea to only opt for payday loan once you’ve exhausted all other options.

What are the requirements of e-Transfer payday loans?

Basic requirements for e-Transfer payday loans in Canada 24/7 include:

• Be at least 18 years old or the age of majority in your province.
• Have a recurring income.
• Have an active bank account that’s registered for e-Transfer.

Instant bank verification

For many payday lenders, this is a common step in the application. With instant bank verification, you don’t need to send the lender any documents. Instead, you’ll connect your bank account details with the lender through a secure portal so it can view your bank statements, verify your identity and make a decision on your application. Your username and password will never be stored or seen by the lender.

This no document process speeds up the approval and enables you to get your loan fast. The fastest no paperwork payday lenders can e-Transfer you the money within one hour of applying.

How do e-Transfer payday loans in Canada 24/7 work?

Many payday lenders across Canada advertise e-Transfer payday loans and 24/7 convenience, but what do they actually mean? We break down the three stages of getting a payday loan below and how they affect turnaround times.

• Application

  Because most payday loan lenders make their applications available online, you can apply for an e-Transfer payday loan in Canada 24/7. Online applications are fast to complete and sometimes require no documents in the process.

• Approval

  This is where the process could slow down. While lenders like iCash offer 24/7 instant approval decisions, other lenders will only assess your application for approval during business hours.

  If you go through bank verification, you can typically get instant approval. If you don’t opt for bank verification or there are parts of your application that need a closer look, the lender will need to do a manual review. If the payday lender doesn’t have staff that manually reviews applications 24/7, you’ll then have to wait until their office is open to get approval.

• Funding

  Once you’ve been approved and you’ve signed your contract, lenders can e-Transfer the money to you within minutes. Some have an automated system for this. So if you submit your signed contract in the middle of the night and the office is closed, the payday loan can still be e-Transferred 24/7 within minutes.

Customer support for e-Transfer payday loans in Canada 24/7

If e-Transfer payday loans in Canada 24/7 are important to you and there’s a chance your application will need a manual review, you may want to apply to lenders that have staff operating 24/7, because not all of them have this. iCash and PAY2DAY are examples of lenders that have 24/7 online customer service.

Below are a few reasons why your application may need a manual review:

• You’re a first-time borrower.
• You have a new job.
• You recently changed your address.
• There are errors on your application (for example, the address attached to your bank account doesn’t match what’s on the loan application).

The fastest e-Transfer payday loans in Canada 24/7 with no documents

If you’re looking for the fastest 24/7 e-Transfer payday loans with no documents required during the application process, there are some lenders in Canada that have simple applications available entirely online. For example, iCash offers a fast, online payday loan application with 24/7 approval, e-Transfer in as little as 2 minutes and no documents required to send in.

Can I get e-transfer payday loans in Canada 24/7 with child tax?

Yes, you can get e-transfer payday loans in Canada 24/7 while receiving child tax benefits from select lenders like iCash, Cash Money, PAY2DAY, Speedy Cash and Focus Cash Loans. These lenders accept the Canada Child Benefit as a valid source of income because they have relatively lenient eligibility requirements. Lenders like PAY2DAY and Focus Cash Loans also offer no credit check payday loans.

Can I get e-Transfer payday loans in Canada 24/7 with no credit check?

Yes, but make sure you apply to a legitimate payday lender. Legitimate payday lenders that offer e-Transfer payday loans in Canada 24/7 with no credit check will evaluate the stability of your income by looking at your bank statements and/or pay stubs. They will also meet the following criteria:

• They’re licensed to operate in your province.
• They follow payday loan regulations.
• Their website is secure.
• They don’t guarantee you’ll get approved.

PAY2DAY and Money Mart are examples of legitimate lenders that e-Transfers payday loans in Canada 24/7 with no credit check.

Can I get an e-Transfer payday loan with bad credit?

Yes. Payday loans are specifically designed for people who can’t get approved by a bank or credit union and need easy approval. Payday lenders have lenient eligibility requirements, but in exchange you pay high interest rates.

Can I pay back a payday loan via e-Transfer?

In most cases, lenders will automatically withdraw the amount you owe from your bank account on the due date, though you might find a few that allow repayment via e-Transfer. PAY2DAY is an example.

What to consider before applying for e-Transfer payday loans in Canada

The market is flooded with payday lenders. To help you narrow your scope, here’s what to consider:

• How fast is it to get the loan? Some of the best payday loans in Canada ensure that you’re approved instantly and you receive your e-Transfer link 24/7 right after you submit the signed contract. But there are some cases where you may not get an instant decision – for example, if you’re a first-time borrower or if the lender requires more information about you.
• Are you aware of all the costs? Take the time to find out just how much you’ll have to pay in fees. Depending on where you live, you can pay between $14 to $17 for every $100 borrowed, making e-Transfer payday loans one of the most expensive ways to borrow in Canada. If you miss the payment deadline, you will encounter late fees and NSF fees, too.
• Does the lender accept government benefits as a form of income? If you don’t have employment income and rely on government benefits, you’ll have to choose from payday lenders that accept government benefits.

Risks of e-Transfer payday loans in Canada

Any payday loan you get, including e-Transfer 24/7 loans in Canada, are very expensive with fees ranging between $14 to $17 for every $100 borrowed, Add to that a very short repayment term, and it’s easy to get trapped in a cycle of payday loan debt.

Before you apply for an e-Transfer payday loan in Canada, first make sure you can repay the loan with your next paycheque and you’ll have enough money left to pay for your other expenses.

How do I know a lender offering to e-Transfer payday loans in Canada 24/7 is legitimate?

Look for the following signs to make sure you’re working with a reputable payday loan business:

• Contact your provincial consumer affairs office

  The best way to make sure the payday lender you’re working with is legitimate is to check the business’s credentials with your province’s consumer affairs office. In British Columbia, for example, you can contact Consumer Protection BC at 1-888-564-9963 to check if a lender is licensed in the province. The federal government provides this guide to consumer affairs offices across the country.

• The lender adheres to provincial regulations

  A legitimate payday lender will follow provincial guidelines for factors such as the maximum cost of borrowing for a $100 payday loan, a cooling off period to cancel the payday loan, and the maximum penalty it can charge for a bounced cheque.

• The lender doesn't allow roll-overs or multiple loans

  A payday lender can’t extend or roll over your payday loan in certain provinces like Alberta, BC, New Brunswick, Nova Scotia, Ontario and Saskatchewan.

The use of payday loans is on the rise

Recent data from the Finder: Consumer Sentiment Survey Q2, shows that 44% of respondents used a payday loan in the first three months of 2023.

The use of payday loans is on the rise. Based on survey data, there was a 132% increase in the use of payday loans from Q4 2022 to Q1 2023.

Learn more about licensed lenders of e-Transfer payday loans in Canada

1. iCash e-Transfer payday loans 24/7

Founded in 2014, iCash has become one of the biggest and fastest payday lenders in Canada, serving more than 500,000 customers since its launch. Its corporate office is in Hawkesbury, Ontario.

Minimum income: $800

Go to site

2. GoDay e-transfer payday loans

GoDay is an online-only payday lender operating since 2012. Its head office is in Toronto, Ontario. This lender is BBB-accredited and a member of the Canadian Consumer Finance Association.

Minimum income: None

Go to site

3. Cash Money e-Transfer payday loans

Cash Money is one of the most established lenders in the payday loan space. It’s been in business since 1992 with headquarters in Toronto, Ontario.

Minimum income: None

4. My Canada Payday e-Transfer payday loans 24/7

My Canada Payday is an online-only payday lender owned by Westrock Financial, which has a BBB accreditation and A+ rating. The company has been in business for 15+ years.

Minimum income: $1,000

5. PAY2DAY e-Transfer payday loans 24/7

PAY2DAY been providing fast payday loans since 2006. Its registered office is in Mississauga, Ontario, and it has over 30 store locations in Canada. You can also apply for a payday loan online.

Minimum income: $1,000

6. Speedy Cash e-Transfer payday loans

Founded in 1998, Speedy Cash is a licensed payday lender that offers quick payday loans online and in-store.

Minimum income: None

7. Focus Cash Loans e-Transfer payday loans

Focus Financial has been providing fast payday loans since 2008. Its registered office is in Vancouver, BC, and it has an A+ BBB rating.

Minimum income: $1,200

8. Mr. Payday e-Transfer payday loans

Mr. Payday is a licensed payday lender with an office registered in Vancouver, BC. It’s been operating since 2002 and has an A+ BBB rating.

Minimum income: $1,100

Bottom line

Payday loans are one of the quickest ways to obtain cash if you’re in a financial emergency. And if you’re focusing on payday lenders that e-Transfer payday loans in Canada, you can count on getting your cash within the same day as getting approved, if not faster.

Be careful, though: With APRs that reach well over 400%, these loans should be reserved as a last resort because they may trigger more financial burden to your budget. You can try to consider your payday loan alternatives, which will often come with better terms and more manageable payment options. However, if you’re set on a payday loan, you can compare your payday loan options to find the best deal available to you.

Frequently asked questions

• What are e-Transfer payday loans?

  E-transfer payday loans are loans of up to $1,500 that are advanced to you via Interac e-Transfer. Once your application is approved, your payday lender will email you an e-Transfer link so you can deposit the cash into your bank account of choice 24/7.

• What do I need to get a payday loan with e-Transfer 24/7?

  To get a payday loan with e-Transfer in Canada 24/7, you'll need a stable source of income and an active bank account.

• How much can I borrow with e-Transfer payday loans?

  Lenders will have a maximum loan amount ($1,500 in all provinces), while some may have a lower maximum amount for first-time borrowers. The amount you're able to borrow is based on your income. If you need money fast, check out our guide to the best emergency loans in Canada here.

• Can I pay off my payday loan early?

  Yes. Check the payday loan regulations of your province. In many provinces, lenders must allow you to pay off your loan early without any charges or penalties.