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In a frustrating cash-flow crunch? Canadian cash advance apps like Bree, KOHO, Nyble, Woveo, Wagepay and PockBox offer cash advances to help bridge the gap to your next paycheck. Find your best match as we explore features, potential fees, and tips to get the most out of your favorite app.
Canadian cash advance apps are newer and less common than the (growing) list of U.S. cash advance apps.
But when it comes to borrowing money in the Great White North, there are a handful of apps available exclusively for Canadians with technology making it easier than ever to get quick cash.
Whether you’re a little short on an upcoming bill, want to grab a last-minute lunch with your buddies, or just need a few extra dollars in your wallet, you don’t need to overdraw your account or apply for a personal loan.
A new breed of cash advance apps can help you access cash in minutes even if you’ve got bad credit – in fact, most won’t even check your credit score with much lower eligibility requirements to apply.
Skip unnecessary overdraft fees, credit card interest or payday loans, and read on for four of our favorite Canadian cash advance options.
#1 – Bree: Cash advances up to $350
Bree is a Canadian app offering cash advances up to $350 with no credit check.
We found Bree to be a flexible option since you get to pick a repayment date that works for you. While some apps try to get their money back in a few days, you can repay Bree up to 30 days later with no interest or late fees.
Here’s how to qualify for a Bree cash advance:
- 18+ years old
- Canadian resident with a Canadian bank account
- Regular income evidenced by two consistent paychecks
You will need to securely connect your bank account to Bree to access advances. Bree uses third-party service providers like Plaid to connect to your account, so your info is protected.
Although Bree talks a big game with up to $350 in cash advances, you’ll likely qualify for (significantly) less than that as a new user. If you like the flexibility of Bree’s repayment schedule and no-fee structure, you can quickly increase your borrowing limit as you build up a track record of on-time repayments.
How much does Bree cost?
Bree boasts that you can use it for free, and while that may technically be true, it certainly isn’t the whole truth!
Bree charges a $2.99 monthly subscription fee but it’s hidden in a tiny font in their website footer, so it’s not super easy to find. There’s no fee for the first month though, so you can test drive the app before committing as long as you cancel before your 1-month trial ends.
The good news is that there is no interest or late fees. However, if you want your money right away (like in five minutes), you’ll need to pay an express fee.
The express fee depends on how much you borrow:
- $9.99 for a $100 cash advance
- Up to $22.99 for a $250 cash advance
| 🤓Overdraft Apps Tip: Plan ahead if you want to skip the express fee, It will take up to 3 business days to get your money but by requesting an advance early, you can save money on fees. |
Bree will ask for tips, but tips are 100% optional and won’t impact your cash advance limit.
Get a no interest cash advance for up to $350 >>> Check Out Bree 👈
#2 – Koho: Borrow up to $250 from one of Canada’s most popular banking apps
KOHO is one of the most popular Canadian mobile banking apps with over one million users.
As a full-service banking app, KOHO comes with a no-fee spending and savings account including a debit card.
If you’re short on funds, or want the peace of mind that comes with a cas safety net, KOHO offers the Cover feature which provides up to $250 in interest-free cash advances.
Although KOHO can help you bridge the gap between paychecks, the Cover feature is really an overdraft line that you can access directly from your KOHO card or by withdrawing cash from an ATM
Like Bree, you won’t be able to request the full cash advance limit. But KOHO’s starting cash advance limit of $50 is still pretty high compared to some U.S. cash advance apps.
Like most cash advance apps, you can increase your borrowing limit up to the maximum amount as you build up your deposit history and on-time repayments.
Here’s how to qualify for a KOHO cash advance:
- Overdraft protection is available to users who subscribe to KOHO’s Cover feature, with no credit checks and immediate access to funds.
- Qualifying direct deposits or a minimum of $1,000 transferred into your KOHO account each month.
How much does KOHO cost?
You’ll need a monthly subscription plan to use KOHO, with the Essential Tier starting at $4/ month. This plan includes the KOHO debit card, 1% cashback on groceries, restaurants, and you’ll earn 5% on your balance.
Hate monthly fees? You can get the KOHO Essential Tier for $0 by setting up a recurring direct deposit (employer paycheck or Government benefits) or users who deposit $1,000 or more into a KOHO membership each month (e-transfers and transfers from other accounts both count).
You can also try the first month for free so it’s possible to download KOHO and test drive its features then cancel before your free trial ends.
Once you’ve signed up to KOHO’s Essential Tier, you’ll need to pay another small fee to access the Cover feature – which is charged separately from the app’s paid subscription.
Fees for Cover start at $2 per month but vary “based on the amount of the cash advance among other factors” according to KOHO (which is pretty vague).
| 🤓Overdraft Apps Tip: Since Koho works as an overdraft credit line, as you deposit money into your Koho account, your deposit will first go towards repaying your balance, so it’s a shorter term solution than a cash advance or loan |
Fully service banking and up to $250 in extra cash >>> Check out KOHO 👈
#3 – Nyble: Interest-Free Credit Line of $30 to $150
Nyble (pronounced nibble) offers a line of credit (also called Cover) from $30 to $150 to manage unexpected expenses that you can draw on whenever you need it.
As a quick access to funds, Nyble’s Cover feature isn’t a cash advance like Bree or overdraft like KOHO. Instead, Nyble aims to help you out between paydays and build your credit history with each positive repayment against the money you borrow.
There is no credit check for initial access, no interest or late fees and your payments are reported to credit bureaus each month. You have up to 30 days to repay, so Nyble can be a helpful stop gap when you’re between funds.
Here’s how to qualify for a Nyble credit line:
- Employment or Government income
- Canadian bank account with consistent payroll or income deposits
- Regular deposit history (and not regularly overdrawing your account with NSF transactions)
How much does Nyble cost?
The Nyble app isn’t free and membership fees range from $4.99 to $11.99 depending on your membership type.
You can take Nyble for a test run with a 14-day free trial, but the paid subscription is more expensive compared to Canadian cash advance apps like Bree ($2.99/month).
You’ll also need to pay an express fee if you want your money immediately. Nyble express fees range from $2.99 to $5.99 and money will land in your account in as little as 30 minutes (but usually instant).
You can request an advance against your available line of credit as many times as you like each month as long as the previous amount has been repaid.
Get up to $150 in five minutes >>> Check out Nyble 👈
#4 – PockBox: Comparison shop multiple lenders in minutes
Not sure which Canadian cash advance app is best for you? It’s tough to compare options and you can end up feeling like you might have left a better deal on the table.
PockBox makes it easy to understand your options by comparing more than a dozen lenders in minutes.
PockBox stands out because you can potentially borrow a lot more than the $350 from Bree and $250 from KOHO. Depending on your eligibility requirements, you may be able to borrow $100, $1,000, or even $10,000 and up.
Many Pockbox lenders specialize in loans for people with low credit, so you can match with a great lender no matter what your credit score is. If you have great credit (congratulations), you may get multiple offers for personal loans with rates as low as 6.99%.
There’s no cost or obligation to see what you qualify for, so if the borrowing limits of Canadian cash advances aren’t suitable, a loan via PockBox might be a better solution.
Compare Loan Offers up to $3,000 or more >>> Browse Pockbox For Free 👈
#5 – Woveo: Access up to $500 line of credit with a unique group savings model
Woveo is a fintech company offering a community finance wallet that can help low to moderate-income Canadians access credit solutions.
The app allows you to pool your money along with your friends, colleagues or community to create a group savings fund. You can access this pool of funds via an interest-free line of credit up to $500.
Woveo’s line of credit is similar to Nyble, which only offers up to $150. Woveo is also slightly cheaper with a $10 per month fee vs. Nyble’s $11.99 per month fee.
There is no interest on the money you borrow. However, Woveo is a relatively new player on the Canadian cash advance scene with several features (including cash advances) still flagged as “Coming Soon” with few reviews to go by.
As an alternative to more straightforward cash advance services like Bree or overdraft protection like KOHO, Woveo may be suitable for you if you’re looking to combine group savings or community building goals alongside building creditworthiness.
Here’s how to qualify for a Woveo cash advance (PENDING FEATURE):
- Membership Status: Must be a premium member subscribed to the Premium Plan.
- Credit Group Participation: Must be actively participating in a credit group, having made the first contribution and pending to receive a payout.
- Repayment History: Must have maintained a 100% repayment rate in all previous group activities.
How much does Woveo cost?
Woveo offers a free plan and a Premium plan that costs $10 per month. Accessing your line of credit to borrow money is only available on the Premium plan, so you’ll need to factor in the momthly cost (which is significantly higher than Bree’s $2.99/month fee).
As a low(ish) cost credit building option, your funds are available immediately though you’ll need to make timely repayments since your payment history is reported to credit bureaus.
#6 – Wagepay: Cash out up to $1,500 of your earned wages before payday
Wagepay can help you access a portion of your earned wages early. For new customers this is 25% of your wages though this can rise for returning customers with a history of app usage and on-time repayments.
You can qualify for a wage advance for up to $1,500, which is significantly higher than most other cash advance apps. With such a high limit it’s no surprise that Wagepay – based in Australia – is soaring in popularity in Canada since launching in early 2024.
There is no credit check to get started and you can sign up in minutes. Wagepay will assess your bank account transaction history. Your employer isn’t involved in any way so you can borrow money privately without your boss knowing.
Repayments are made automatically via the bank account you receive your wage into. It’s possible to change your repayment date or split it once per advance, though Wagepay says frequent use of this feature may reduce your advance limit over time.
Here’s how to qualify for a Wagepay cash advance:
- 18 years old
- Live and work in Canada
- Employed and receive a regular, consistent income from your employer, of at least $400 per week
- Leave enough of your income each pay cycle in your account to be able to repay an advance
- Have a generally good banking history, which we determine using your Wagepay score
How much does Wagepay cost?
There are no subscription fees, late fees or direct debit fees and Wagepay is transparent about all costs.
The fees you’ll pay include:
- Maximum 8% flat fee
- 24% interest p.a.
Access up to $1,500 in minutes >>> Check out Wagepay 👈
WAIT! Why borrow quick cash when you can earn it?!
Cash advance apps can be a great tool for getting a little extra cash when you need it, but you’ll need to repay it – plus fees – wihtin a week or two. Did you know there’s an easy way to earn extra cash that’s yours to keep?
KashKick is a wildly popular service that lets you earn money for playing games, completing surveys, signing up for trial offers and more. (You’ll even earn cash for just completing your profile!) You can earn cash today and withdraw your earnings through PayPal once you’ve reached $10. You can earn over $100/month with KashKick – and you don’t need to spend a dime or take out your credit card to do it.
There are dozens of high-paying offers available on KashKick, and if you’re into playing new games on your phone, you can earn some serious cash for doing what you love. Though offers change regularly, there are currently1 more than three dozen offers available where you can earn cash – sometimes over $100 – just by downloading and playing popular games like Coin Master, Monoply Go, Bingo Blitz, and more. These games are all free to download, and no in-app purchases are required to earn with KashKick.
Get paid to play on your phone >>> Check out KashKick
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- As of February 13, 2024. Offers may change and may not be available to all users. Eligibity requirements apply. See KashKick's Terms of Service for full details.
