Cash Money Review 2026 – Fastest Payday Loans Canada
Loan Amount
$100 - $1,500
APR Range
391% - 456%
Approval Time
2h
Loan Terms
14-62 days
Cash Money is Canada's fastest payday loan provider with 500+ retail locations and a streamlined online platform offering 2-hour approval for emergency cash needs. Operating since 1992, Cash Money serves 8 provinces including Newfoundland & Labrador, providing payday loans ($100-$1,500) and installment loans up to $10,000. Known for their "Fastest" badge, Cash Money specializes in same-day cash pickup and rapid e-transfer disbursement. Fully licensed by FSRA, AMF, Consumer Protection BC, and provincial regulators, Cash Money offers transparent pricing despite higher APRs (391-456%).
✅ Best For:
- • Fastest approval – 2-hour online or instant in-store cash pickup
- • Emergency cash needs ($100-$1,500) when speed is critical
- • Bad credit or no credit borrowers (soft credit check only)
- • Provinces: ON, BC, AB, SK, MB, NS, NB, NL (includes Newfoundland)
About Cash Money Canada
Cash Money Cheque Cashing Inc was founded in Vancouver, BC in 1992, making it one of Canada's oldest payday loan providers with over 30 years of operation. The company has grown to 500+ retail locations across 8 provinces, serving over 1.5 million Canadians annually. Cash Money is a subsidiary of DFC Global Corp (Dollar Financial Corp), a publicly traded company with operations in the UK, USA, and Canada.
Cash Money specializes in three core financial services: (1) Payday loans ($100-$1,500, repaid in 14-62 days), (2) Installment loans ($1,000-$10,000, repaid over 6-24 months), and (3) Cheque cashing services (payroll cheques, government cheques, tax refunds). They also offer money orders, prepaid Visa cards, and Western Union money transfers. In 2018, Cash Money expanded their digital platform, allowing online applications with e-transfer disbursement in 2-3 hours.
As a licensed payday lender, Cash Money operates under strict provincial regulations. In Ontario, they're licensed by FSRA and must follow maximum fee rules ($15 per $100 borrowed). In Quebec, they comply with AMF regulations (max $650 loans, 35% APR cap). In Newfoundland, they're regulated by Service NL Consumer Affairs Division. Cash Money is a member of the Canadian Consumer Finance Association (CCFA), adhering to industry best practices for responsible lending.
Cash Money's target market includes Canadians who need emergency cash quickly but face barriers to traditional bank credit: those with bad credit scores (below 600), self-employed individuals without consistent paystubs, newcomers to Canada building credit history, and workers experiencing temporary cash flow gaps between paychecks. While APRs are high (391-456%), Cash Money differentiates through speed—offering same-day cash pickup at 500+ locations and 2-3 hour e-transfer for online loans.
Cash Money Loan Products
⚡ Payday Loans (Fastest Option)
- Amount: $100 - $1,500 (ON, BC, AB, SK, MB, NS, NB, NL); $650 max in QC
- Term: 14-62 days (until your next payday)
- APR: 391-456% (Example: $500 for 14 days = $85-$95 fee, total $585-$595)
- Approval: 10-20 minutes online, 15-30 minutes in-store
- Disbursement: Instant cash pickup at 500+ locations OR 2-3 hour e-transfer
- Requirements: ID, bank account, proof of income, age 18+ (19+ in BC/NS/NB)
📅 Installment Loans (Lower APR)
- Amount: $1,000 - $10,000 (available at most locations)
- Term: 6-24 months (monthly payments)
- APR: 29.9-39.9% (lower than payday loans, longer repayment)
- Approval: 1-2 hours (requires income verification)
- Disbursement: Same-day or next business day
- Requirements: Credit check (soft), employment proof, bank statements
💡 Which Loan Type Should You Choose?
Choose Payday Loans if: You need $100-$1,500 urgently (within 2-3 hours) and can repay in 14-30 days. Best for emergencies like car repair, medical bills, or rent shortfall.
Choose Installment Loans if: You need $1,000+ and prefer lower monthly payments over 6-24 months. Total interest is higher but monthly burden is manageable (29.9-39.9% APR vs 391-456% APR).
How to Apply for Cash Money Loan
Choose Application Method
Online (Fastest): Visit cashmoney.ca, click "Get Cash Now", create account. In-Store (Instant): Find nearest of 500+ locations via store locator, bring required documents (ID, paystub, void cheque), speak with agent.
Complete Application (5-10 minutes)
Provide: Full name, date of birth, home address, phone, email, employment details (employer name, job title, monthly income), bank account number (for deposit and repayment). Upload documents: Government ID (front/back), recent paystub (last 30 days), void cheque or bank statement (showing account details and 90+ day history).
Fast Decision (10-20 minutes online, instant in-store)
Cash Money reviews your application using automated verification. They perform soft credit check (doesn't hurt score) and verify income/employment via paystub or bank deposits. First-time borrowers typically approved for $300-$500. Repeat customers with perfect repayment history qualify for $1,000-$1,500. Approval rate ~39% (lower than competitors due to stricter income requirements).
Review & Sign Loan Agreement
Carefully read: Total borrowing cost, APR percentage, repayment date (your next payday), NSF fee ($45 if payment bounces), extension fee ($25-$40 if offered). Sign electronically (online) or in-person (store). Set up pre-authorized debit – Cash Money will automatically withdraw repayment amount on due date. Quebec residents: Mandatory 2-day cooling-off period before funds are released.
Receive Funds (Instant to 3 hours)
In-Store: Walk out with cash immediately after signing (5-30 minutes total). Online: E-transfer sent within 2-3 hours during business hours (Mon-Sat 9am-7pm local). Evening/Sunday applications processed next morning. Total time from application to money in hand: 2-3 hours online, under 30 minutes in-store.
Where is Cash Money available?
Available in: 7 / 13
Cash Money Loan Cost Examples
📊 Example 1: $500 Payday Loan (14 days)
| Loan Amount | $500.00 |
| Term | 14 days |
| Borrowing Fee ($19 per $100) | $95.00 |
| APR | 456.0% |
| Total Repayment | $595.00 |
*Based on Cash Money's standard rate: $15-$19 per $100 borrowed (varies by province). Actual cost may differ—always review your loan agreement.
📊 Example 2: $5,000 Installment Loan (12 months)
| Loan Amount | $5,000.00 |
| Term | 12 months |
| Monthly Payment | $502.00 |
| Total Interest Paid | $1,024.00 |
| APR | 39.9% |
| Total Repayment | $6,024.00 |
*Assumes 39.9% APR with equal monthly payments. Higher APR than Money Mart (29.9%) but faster approval. Early repayment allowed without penalty.
Eligibility Requirements & Documents
✅ Basic Requirements
- • Age 18+ (19+ in British Columbia, Nova Scotia, New Brunswick)
- • Canadian resident with valid Canadian address
- • Active Canadian bank account (90+ days old)
- • Regular income: employment, pension, disability, EI, or self-employment
- • Minimum monthly income: $1,000 (after taxes)
- • Working phone number and email address
📄 Required Documents
- • Government-issued photo ID (driver's license, passport, or provincial ID)
- • Proof of income (paystub from last 30 days, bank statement, or direct deposit record)
- • Void cheque or bank statement (showing account details)
- • Proof of residence (utility bill, lease agreement, or property tax notice)
- • SIN card (optional for payday loans, required for installment loans >$5,000)
💡 Bad Credit? No Problem:
Cash Money approves 39% of applicants, including those with bad credit (scores below 600) or no credit history. They use soft credit checks (doesn't affect score) and focus on current income and bank account health. First-time borrowers with bad credit typically start at $300-$500 limit. After 1-2 successful repayments, limits increase to $1,000-$1,500 regardless of credit score improvement.
Cash Money Advantages & Disadvantages
✅ Advantages
- ✓ Fastest approval: 2-3 hours online, instant in-store cash pickup at 500+ locations
- ✓ Bad credit accepted: Soft credit check, income-focused approval, 39% acceptance rate
- ✓ Newfoundland coverage: One of few payday lenders operating in NL (St. John's, Mount Pearl, Corner Brook)
- ✓ 500+ locations: Largest retail network in Canada for immediate cash pickup
- ✓ 30+ years in business: Established 1992, fully licensed, regulated by FSRA/AMF/provincial authorities
- ✓ Multiple products: Payday loans, installment loans, cheque cashing, money transfers
- ✓ No early repayment penalty: Pay off early to save on interest
- ✓ CCFA member: Follows industry best practices for responsible lending
❌ Disadvantages
- ✗ Higher APR: 391-456% (higher than Money Mart's 391-442%)
- ✗ Lower approval rate: 39% vs competitors' 42-55% (stricter income requirements)
- ✗ Higher fees: $19 per $100 borrowed vs $15 per $100 at some competitors
- ✗ Slower than in-store: 2-3 hours online vs instant cash pickup (Money Mart offers 1-hour e-transfer)
- ✗ NSF fees: $45 charged if payment bounces (higher than some competitors' $40)
- ✗ Pre-authorized debit required: Must allow automatic withdrawal (no manual repayment option)
- ✗ Limited provinces: Not available in Prince Edward Island or Yukon/NWT/Nunavut
- ✗ Debt cycle risk: Easy repeat borrowing can trap users in high-interest debt
Alternatives to Cash Money
Cash Money excels at speed, but these alternatives may offer better rates or higher approval rates:
Money Mart – Lower APR & Faster Online
$100-$1,500 payday loans with 391-442% APR (lower than Cash Money's 456%). 1-hour online e-transfer vs Cash Money's 2-3 hours. 400+ locations across same 8 provinces. Higher approval rate (42% vs 39%). Better choice if speed and cost matter more than convenience.
easyfinancial – Much Lower APR Installment Loans
$500-$45,000 installment loans with 19.99-46.96% APR (10x cheaper than payday loans). 6-60 month terms, bad credit accepted. Available in all 10 provinces. Slower approval (24-48 hours) but saves thousands in interest for larger amounts or longer repayment.
iCash – 100% Online Payday Lender
$100-$1,500 payday loans with 391-442% APR, fully online (no physical locations). 1-hour approval and e-transfer. Available in 6 provinces (ON, BC, AB, SK, MB, NS). Good alternative if you prefer digital-only experience without visiting stores.
Credit Union Emergency Loan – Community Alternative
Many Canadian credit unions offer $500-$5,000 emergency loans at 12-18% APR for members. Requires credit union membership ($5-$10), credit check, and 2-5 days approval. Much cheaper than payday loans but slower. Check Vancity (BC), Meridian (ON), Servus (AB) for emergency loan programs.
Related Articles
Money Mart vs Cash Money – Detailed Comparison
Side-by-side comparison of fees, approval speed, and provincial availability.
Read article →Ontario Payday Loans: Regulations & Lenders (2026)
FSRA rules, $15/$100 fee cap, and how Ontario regulates payday lending.
Read article →Top Alternatives to Payday Loans in Canada
Lower-cost borrowing options to consider before applying.
Read article →Expert Recommendation
Rostislav Sikora
Canadian Lending Specialist | 15+ Years Experience
Cash Money lives up to their "Fastest" badge—with 500+ locations for instant cash pickup and 2-3 hour e-transfer, they're ideal when you need emergency money today. Their 30+ year track record and full regulatory compliance make them trustworthy, despite higher APRs (456% vs Money Mart's 442%). The trade-off for speed is cost: you'll pay $5-$10 more per $100 borrowed compared to competitors.
However, Cash Money should still be a last resort for genuine emergencies only. Before applying: (1) Ask family/friends for a short-term loan (even $200-$300 helps reduce payday loan amount), (2) Negotiate with your creditor (landlords, utility companies often allow 7-14 day extensions), (3) Use credit card cash advance (19.99% APR is cheaper than 456%), (4) Apply to credit unions first (12-18% APR emergency loans if you're a member).
If Cash Money is your only option: (1) Borrow the absolute minimum (if you need $500, consider borrowing $300 and selling unused items for the rest), (2) Repay on time or early (every day you carry the loan costs money), (3) Never roll over (extending the loan doubles your fees), (4) Consider installment loans if you need $1,000+ and can manage monthly payments (39.9% APR vs 456% APR saves hundreds).
My rating: 8.2/10 for speed and convenience (best-in-class for urgent needs), but 4/10 for cost (among the most expensive payday lenders). Use Cash Money only when time is critical and you can definitely repay within 14-30 days. For anything over $1,000 or longer terms, choose easyfinancial or Fairstone instead.
Frequently Asked Questions – Cash Money Canada
What is the maximum loan amount at Cash Money Canada?
Cash Money offers payday loans from $100 to $1,500 across 8 provinces. Provincial maximums vary: Ontario allows up to $1,500, Quebec limits to $650 (under AMF regulations), BC up to $1,500, Alberta up to $1,500, and Newfoundland up to $1,500. First-time borrowers typically start at $300-$500. Your limit increases after successful repayment history. Cash Money also offers installment loans up to $10,000 at select locations with 6-24 month terms.
What is Cash Money's APR and how much does it cost?
Cash Money charges 391-456% APR on payday loans, slightly higher than competitors. Example: Borrowing $500 for 14 days costs $85-$95 in fees (total repayment $585-$595). For $1,000 borrowed for 30 days, expect $160-$190 in fees (total $1,160-$1,190). Installment loans have lower APRs (29.9-39.9%) spread over longer terms. Always check your loan agreement for exact costs—Cash Money must display total borrowing cost before you sign.
How fast is Cash Money approval and fund disbursement?
Cash Money typically approves loans in 10-20 minutes for online applications and 15-30 minutes in-store. Funds are available immediately at 500+ retail locations nationwide for cash pickup. Online loans are sent via e-transfer within 2-3 hours during business hours (Mon-Sat 9am-7pm local time). Sunday and after-hours applications are processed next business day morning. Total time: 2-3 hours online, instant in-store.
Can I get a Cash Money loan with bad credit in Canada?
Yes, Cash Money specializes in bad credit lending. They perform soft credit checks through Equifax/TransUnion but primarily evaluate your current income and bank account activity. No minimum credit score required. Bad credit may limit your initial loan to $300-$500 instead of $1,500, but limits increase quickly with on-time repayment. Even with bankruptcies or collections on your record, you can still qualify if you have regular income.
What documents do I need to apply for Cash Money loan?
Requirements: (1) Age 18+ (19+ in BC, NS, NB), (2) Canadian resident with valid address, (3) Government-issued ID (driver's license, passport, or provincial ID), (4) Active Canadian bank account (90+ days old), (5) Regular income source (employment, pension, disability, EI, or self-employment), (6) Recent proof of income (paystub, bank statement, or direct deposit confirmation), (7) Void cheque or bank statement showing account details. Pre-authorized debit setup required for repayment.
How do I repay my Cash Money loan?
Repayment options: (1) Pre-authorized debit – automatic withdrawal on due date (recommended), (2) In-store payment – cash or debit at any Cash Money location, (3) Online banking – bill payment to Cash Money account, (4) Phone payment – call 1-888-PAYDAY1 with debit card details. Repayment is due your next payday (14-62 days). Early repayment is allowed without penalty and unlocks higher limits faster. Late payments incur $45 NSF fee plus potential credit bureau reporting.
Is Cash Money legitimate and regulated?
Yes, Cash Money is fully legitimate and licensed across Canada. Operating since 1992 (30+ years), they're regulated by: FSRA in Ontario, AMF in Quebec, Consumer Protection BC, Service Alberta, and provincial regulators in MB, SK, NS, NB, NL. Cash Money has 500+ retail locations and is a subsidiary of DFC Global Corp. All loans comply with provincial payday lending laws and Criminal Code interest rate limits. Member of Canadian Consumer Finance Association (CCFA).
What happens if I can't repay Cash Money on time?
If unable to repay: (1) Contact Cash Money immediately – they may offer a one-time extension for $25-$40 fee, (2) NSF fees apply if payment bounces ($45), (3) After 7-10 days overdue, account goes to collections, (4) Late payment reported to Equifax/TransUnion (stays 6 years), (5) Collections agency may pursue debt recovery, (6) Additional interest charges accrue. Ontario allows maximum 2 rollovers; Quebec prohibits all rollovers. Act quickly to minimize damage.
Can I have multiple Cash Money loans at once?
No, Cash Money policy limits you to ONE active payday loan at a time across all locations. You must fully repay your current loan before applying for another. However, you can have a payday loan and installment loan simultaneously (if approved for both). Ontario law prohibits having payday loans from multiple lenders at once—lenders check a shared database. Violating this can result in loan denial and potential legal issues.
Does Cash Money operate in Newfoundland and Labrador?
Yes, Cash Money is one of few payday lenders operating in Newfoundland and Labrador (NL). They have locations in St. John's, Mount Pearl, and Corner Brook. NL regulations allow up to $1,500 payday loans with maximum $15 per $100 borrowed fee. Total APR is capped around 391-456% similar to other provinces. Cash Money must display all fees prominently and follow NL Consumer Protection and Business Practices Act guidelines.
Legal & Compliance Information
Provincial Licensing (8 Provinces)
Cash Money is licensed as a payday lender in all operating provinces:
- • ON: Financial Services Regulatory Authority (FSRA)
- • BC: Consumer Protection BC
- • AB: Service Alberta
- • SK: Financial and Consumer Affairs Authority (FCAA)
- • MB: Consumers Protection Office
- • NS: Service Nova Scotia
- • NB: Financial and Consumer Services Commission (FCNB)
- • NL: Service NL – Consumer Affairs Division
Privacy & Data Security
Cash Money complies with PIPEDA (Personal Information Protection and Electronic Documents Act) and provincial privacy laws. Your data (name, SIN, bank details, income) is encrypted with 256-bit SSL and stored on secure Canadian servers. Cash Money shares data with: (1) Equifax/TransUnion for credit checks, (2) Collections agencies if loan defaults, (3) Parent company DFC Global Corp for internal operations. Request data deletion at privacy@cashmoney.ca.
Responsible Lending Practices
Cash Money must assess your ability to repay before approval. In Ontario, they cannot lend more than 50% of your net paycheck or $1,500 total. In Quebec, maximum loan is $650 with 35% APR cap. Cash Money must display total borrowing cost (APR) prominently before you sign. You have the right to cancel within 2 business days in most provinces. As a CCFA member, Cash Money follows industry best practices including clear fee disclosure, fair collections practices, and financial literacy resources at cashmoney.ca/financial-literacy.
Contact Cash Money Canada
📞 Customer Support
- Phone: 1-888-PAYDAY1 (1-888-729-3291)
- Hours: Mon-Fri 8am-9pm, Sat-Sun 9am-6pm ET
- Email: customercare@cashmoney.ca
- Website: cashmoney.ca
🏢 Corporate Office
Cash Money Cheque Cashing Inc(A division of DFC Global Corp)
1055 West Hastings Street, Suite 300
Vancouver, BC V6E 2E9
Canada
📍 Find Your Nearest Cash Money Location
Cash Money operates 500+ locations across Canada. Use their store locator to find the nearest branch with hours, phone, address, and services (payday loans, installment loans, cheque cashing, Western Union, money orders).
⚠️ High-Cost Credit Warning
Cash Money payday loans are very expensive credit with APRs of 391-456%. A $500 loan costs $95 in fees for just 14 days—that's nearly 20% of the loan amount. Repeated borrowing creates a debt trap that can lead to financial hardship and bankruptcy.
Before applying: (1) Exhaust all alternatives (family loans, credit unions, credit cards, payment plans), (2) Borrow only what you can repay on your next payday, (3) Never extend or roll over payday loans (fees double each time), (4) Seek free debt counseling if you're borrowing repeatedly.
Free financial help: Financial Consumer Agency of Canada (FCAC) | Credit Counselling Canada | Provincial consumer protection offices | Call 1-866-461-AGFE (2433) for free debt counseling
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