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E-Transfer payday loans in Canada 24/7

Compare licensed lenders that can e-Transfer payday loans in Canada fast, including 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.

⚠️ 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.

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 loanInterest rateLoan amountLoan termKey featuresLink
iCashVaries by province$100 – $1,5007 - 62 daysNo docs required, instant e-Transfer funding 24/7Go to site

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GoDayVaries by province$100 – $1,500Up to 62 daysNo docs required, instant e-Transfer funding

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Credit ClubVaries by province$100 – $1,500Up to 62 daysNo docs required, no credit check, instant e-Transfer funding 24/7

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Cash Money

Varies by province$100 – $1,5005 – 40 daysE-Transfer funding in as little as 15 minutesLearn more

My Canada Payday

Varies by province$100 – $1,500Up to 62 daysNo credit check, no docs required, instant e-Transfer loans 24/7Learn more
PAY2DAYVaries by province$300 – $1,500Up to 62 daysNo credit check, instant e-Transfer loans 24/7

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Speedy CashVaries by province$250 – $1,500Up to 62 daysSoft credit check, instant e-Transfer fundingLearn more
Focus Cash LoansVaries by province$100 – $1,500Up to 62 daysE-Transfer loans, no credit check, no docs requiredLearn more
Mr. PaydayVaries by province$100 – $1,500Up to 62 daysE-Transfer loans, no credit check, no docs required

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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

Alternatives to payday loans

Payday loans are not your only option if you’re looking for fast lenders that do e-Transfer. Compare your alternatives below.

LendersInterest rateLoan amountLoan termKey featuresLink
Bree0%$20 – $250Next pay cycle (61 days max.)Early pay loans, no docs required, no credit check, approvals 24/7, e-Transfer 24/7
Spring Financial10.8% - 46.99%$500 – $35,0006 - 60 monthsE-Transfer personal loans as soon as the same day

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

Not sure which one to pick? We break down the details for each lender below, including types of income they accept, speed of e-Transfer funding, serviced provinces, and pros and cons.

1. iCash

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.

Loan details
  • Minimum income: $800
  • Non-employment incomes it accepts: Many types, such as employment insurance, child tax, ODSP, AISH, provincial disability, CPP, OAS and social assistance
  • 24/7 payday loan: Yes, it provides 24/7 instant approval and 24/7 e-Transfer funding
  • Credit check required: Yes
  • Documents required: No, but you’ll need to connect your bank account
  • How to apply: Online
  • Instant approval available: Yes
  • E-Transfer available: Yes, in as little as 2 minutes
  • Serviced provinces: AB, BC, MB, NB, NS, ON, PEI
Pros
  • Very fast – complete the process in as little as 30 minutes
  • Accepts many types of income
  • Accepts low income
  • Accepts bad credit
  • Highly rated app available
  • Customer service available 24/7
What to watch out for
  • No store locations; online only
  • Requires one reference (friend or family member is okay)
  • Expensive

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Dive deeper iCash review

2. GoDay

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

Loan details
  • Minimum income: None
  • Non-employment incomes it accepts: CCB, disability tax credit, OAS, CPP and private pensions
  • 24/7 payday loan: 24/7 applications and approvals
  • Credit check required: Yes
  • Documents required: No, but you’ll need to connect your bank account
  • How to apply: Online
  • Instant approval available: Yes
  • E-Transfer available: Yes, in as little as 2 minutes
  • Serviced provinces: AB, BC, MB, NB, NS, ON, PEI, SK
Pros
  • Easy eligibility requirements
  • Easy application process
  • Bad credit is okay
  • Low incomes is okay
What to watch out for
  • No store locations; online only
  • 24/7 e-Transfer payday loans not guaranteed
  • Your income must be paid by direct deposit
  • Expensive

3. Credit Club Loans

Credit Club is an online-only direct lender of e-Transfer payday loans. Its main office is in Gatineau, Quebec, but it also has an office in Ottawa, Ontario.

Loan details
  • Minimum income: None
  • Non-employment incomes it accepts: Not disclosed
  • 24/7 payday loan: Yes, it provides 24/7 instant approval and 24/7 e-Transfer funding
  • Credit check required: No
  • Documents required: No, but you’ll need to provide bank account details
  • How to apply: Online
  • Instant approval available: Within one hour
  • E-Transfer available: Yes
  • Serviced provinces: ON, BC and NS
Pros
  • Very fast
  • Mobile app available
  • 100% online
  • Bad credit is okay
What to watch out for
  • Unclear if it accepts government benefits
  • Expensive

4. Cash Money

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.

Loan details
  • Minimum income: None
  • Non-employment incomes it accepts: Many types, such as CPP, child tax credit, unemployment, disability
  • 24/7 payday loan: 24/7 application is available but not 24/7 e-Transfer funding
  • Credit check required: Yes
  • Documents required: No, but you’ll need to connect your bank account
  • How to apply: Online or in store
  • Instant approval available: Yes
  • E-Transfer available: Yes, in as little as 15 minutes
  • Serviced provinces: BC, MB, NL, NS, ON, SK
Pros
  • 24/7 online application
  • Store locations open 24/7 or open late
  • Instant approvals
  • Fast e-Transfer funding when you apply online or in store
  • Accepts low income
  • Accepts bad credit
What to watch out for
  • 24/7 e-Transfer payday loans not guaranteed
  • No 24/7 online customer support
  • Expensive

5. My Canada Payday

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.

Loan details
  • Minimum income: $1,000
  • Non-employment incomes it accepts: Many types, such as CCB, disability, pensions
  • 24/7 payday loan: Yes, 24/7 approval and 24/7 e-Transfer are available
  • Credit check required: No
  • Documents required: No, but you’ll need to connect your bank account
  • How to apply: Online
  • Instant approval available: Yes
  • E-Transfer available: Yes, in as little as 15 minutes
  • Serviced provinces: AB, BC, MB, NS, ON, SK

Pros
  • Convenient online application
  • Fast process
What to watch out for
  • No store locations; online only
  • 24/7 e-Transfer payday loans not guaranteed
  • Your income must be paid by direct deposit
  • Borrow $100 max for first 3 loans if your income is government assistance
  • Expensive

6. PAY2DAY

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.

Loan details
  • Minimum income:
  • Non-employment incomes it accepts: Many types, such as EI, retirement income
  • 24/7 payday loan: Yes, 24/7 approval and 24/7 e-Transfer are available
  • Credit check required: No
  • Documents required: Government-issued ID
  • How to apply: Online or in store
  • Instant approval available: Yes
  • E-Transfer available: Yes
  • Serviced provinces: ON, BC, NS
Pros
  • Mobile app available
  • 24/7 customer service
  • Accepts EI, retirement incomeAccepts low income
  • Accepts bad credit
  • First-time customers can borrow $300 in-store with no interest
What to watch out for
  • Expensive
Dive deeper PAY2DAY review

7. Speedy Cash

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

Loan details
  • Minimum income: None
  • Non-employment incomes it accepts: EI, CPP, private pension, child tax credit
  • 24/7 payday loan: No
  • Credit check required: Soft credit check only
  • Documents required: None if you apply online
  • How to apply: Online or in store
  • Instant approval available: Yes
  • E-Transfer available: Yes
  • Serviced provinces: ON, BC, NS
Pros
  • 24/7 online application
  • Accepts low income
  • Accepts bad credit
What to watch out for
  • Documents required for in-store applications (ID, void cheque, last 60 days’ bank statements, proof of address, most recent pay stub)
  • Calls your employer to verify you’re employed (but won’t disclose who they are)
  • No 24/7 customer support
  • Expensive
Dive deeper Speedy Cash review

8. Focus Cash 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.

Loan details
  • Minimum income: $1,200
  • Non-employment incomes it accepts: CPP, private pension, EI, WCB, child tax credit, non-government disability benefits (government disability income not accepted)
  • 24/7 payday loan: No
  • Credit check required: No
  • Documents required: No, but you’ll need to connect your bank account
  • How to apply: Online
  • Instant approval available: Yes
  • E-Transfer available: Yes
  • Serviced provinces: AB, BC and ON
Pros
  • Accepts many types of income
  • Accepts low income
  • Accepts bad credit
What to watch out for
  • Reference required
  • Expensive

9. Mr. Payday

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.

Loan details
  • Minimum income: $1,100
  • Non-employment incomes it accepts:CPP, EI, WCB, non-government disability benefits
  • 24/7 payday loan: No
  • Credit check required: No
  • Documents required: No, but you’ll need to connect your bank account
  • How to apply: Online
  • Instant approval available: Yes
  • E-Transfer available: Yes
  • Serviced provinces: AB, BC, ON
Pros
  • Apply online
  • Accepts low income
  • Accepts bad credit
What to watch out for
  • No 24/7 approvals or customer support
  • 24/7 e-Transfer payday loans not available
  • Does not accept government disability income
  • Expensive
Dive deeper Mr. Payday review

What are e-Transfer payday loans in Canada?

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 email money transfer, which can sometimes be done in Canada 24/7.

Many payday lenders that operate online use Interac e-Transfer to fund their loans. If you apply online, you can get your money within a few minutes after submitting your signed contract.

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.

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).

What are the requirements of e-Transfer payday loans?

Basic requirements 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 Interac e-Transfer.

Applying online with instant bank verification

When you fill out an application, a payday lender might ask you to connect your bank details via instant bank verification instead of sending them any documents. This is a common step in the application for many online payday lenders, but make sure you apply to a legitimate one.

With instant bank verification, instead of faxing or emailing paperwork, 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 nearly instantly.

What are the fastest e-Transfer payday loans in Canada 24/7 with no documents required?

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, 24/7 e-Transfer within minutes and no documents required to send in. Other lenders to consider include Credit Club and PAY2DAY.

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

Yes, you can get e-Transfer payday loans in Canada 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 licensed payday lender. Licensed 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.

PAY2DAY and Money Mart are examples of legitimate lenders.

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

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 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 payday loans in Canada

Any payday loan you get will be 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 a 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.

icon of hand holding cash

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.

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:

Watch out for unlicensed lenders

The Internet has made it easier than ever to get access to payday loans. If you’re thinking about taking out an online payday loan in Canada, make sure that you’re dealing with a licensed business and be aware of potential risks.

  • Illegally high interest rates or fees. Some lenders will charge more than the maximum allowed, which means you might end up paying much more for your loan than you would if you chose a legitimate lender.
  • Identity theft. Online lenders might sell your personal information to third parties, putting you at risk of identity theft or a hacked bank account.
  • Funds taken from your bank account without your permission. Some online or unlicensed lenders have been known to resort to illegal ways to seek repayment from borrowers, including withdrawing money from their bank accounts or garnishing their wages.

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 300%, 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

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