In this guide

  • Our verdict
  • Frequently asked questions
  • Your reviews
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Cash One review

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Cash One Payday Loans
Loan Amount
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Our verdict

Should you apply for a loan from Cash One Inc.?

Cash One Inc. says it offers cash advances of up to $1,500 with no credit checks. You can apply via an online form, and Cash One says it's possible to have the funds sent to your account in an hour. However, there are a few concerning issues to be aware of before you apply for a loan.

In this guide

  • Our verdict
  • Frequently asked questions
  • Your reviews

Is Cash One legitimate?

Cash One ( is not a licensed payday lender in Ontario, where it’s registered as a business, or in Nova Scotia, the location of its mailing address. As a result, we’re not signing off on the legitimacy of Cash One as a payday lender.

Our research into Cash One Inc. raised the following concerns:

  • Not a licensed payday lender. Despite the fact that Cash One Inc. is registered as an Ontario business corporation, we couldn’t find any mention of Cash One Inc. when we searched the Ontario government’s database of licensed payday lenders. We also couldn’t find it on the list of licensed payday lenders in Nova Scotia, which is where Cash One Inc.’s mailing address is located.
  • No physical address. We couldn’t find a physical address listed on the Cash One website. Instead, a mailing address in Nova Scotia is provided.
  • Not BBB accredited. Cash One does not have Better Business Bureau accreditation and has a D+ rating from the bureau. As of March 2024, the BBB had closed eight complaints against Cash One in the previous three years.
  • Limited reviews. There aren’t many online customer reviews of Cash One Inc., and those that we could find were largely negative.

Legitimate alternatives to Cash One

⚠️ 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.
iCash Payday Loan logo

iCash Payday Loan

Go to site

Loan Amount

$100 - $1,500

Loan Term

7 - 62 days


Varies by province

GoDay Payday Loan logo

GoDay Payday Loan

Loan Amount

$100 - $1,500

Loan Term

Up to 62 days


Varies by province

Cash Money Payday Loan logo

Cash Money Payday Loan

Loan Amount

$100 - $1,500

Loan Term

5 - 40 days


Varies by province

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

What do reviews say about Cash One?

There are only a handful of reviews online. The provider has an average score of 1 out of 5 from four Better Business Bureau reviews based on only 2 reviews. Cash One also has an average of 2.6 stars out of 5 from 4 reviews on Trustpilot. Complaints mention factors such as high borrowing costs and loan payments being withdrawn early.

What is the Cash One application process like?

To qualify for a Cash One loan, you’ll need to meet the following requirements:

  • Be 18 years of age or older
  • Be a Canadian citizen or permanent resident
  • Have held your current job for at least 90 days
  • Receive income via direct deposit
  • Minimum take-home income of $700 a month after taxes
  • Have an active chequing account in your name
  • Have home and work phone numbers and a valid email address

You can apply for a loan by filling out an online form with the following details:

  • Your name, address, SIN and contact details
  • Your desired loan amount
  • Your date of birth
  • A personal reference
  • Proof of ID
  • Details of your income and employment
  • Your bank account details

How to find a legitimate payday lender

If you want to apply for a payday loan, keep these tips in mind to help you find a legit lender:

  • Make sure they’re licensed. First and foremost, check whether the lender has a payday lending licence in your province. If they don’t, walk away.
  • Check if they’re BBB accredited. Better Business Bureau accreditation can provide added peace of mind that you’re dealing with a reputable company.
  • Know the regulations where you live. Payday lending regulations differ from province to province, so make sure the lender follows all regulations in your area. You can find information on payday lending laws through your local consumer affairs office.
  • Read reviews. Check out what other customers have to say about a lender on sites like Trustpilot and Google.
  • Watch out for warning signs. It’s also important to recognize the signs that a lender may not be legit. For example, if they offer guaranteed loan approval, if they ask you to pay an upfront fee or if they’re not transparent about the cost of the loan, look elsewhere.

Find out more about avoiding payday loan scams here.

Bottom line

If you’re looking for a payday loan, consider other options. Compare the best instant approval and funding loans in Canada from legitimate lenders before deciding where to apply.

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Frequently asked questions

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