Cash Money Review

If you require a safe and reputable way to obtain extra money, Cash Money can provide you with the services that you seek. With multiple locations all across the country, Cash Money has been in business for nearly thirty years and has served over a million Canadians. They offer convenient and flexible options that can meet many of your financial needs and specialize in helping their customers in times of financial emergencies and shortages.


If you are looking for a lending institution that can offer you more flexibility and a wider range of options than traditional banks, Cash Money may be the right option for you. For a full list of all of their key features, visit

Some of the main benefits that Cash Money offers their clients include:

  • Flexible loan amounts – Cash Money offers loans in amounts ranging from as little as $50 to as much as $10,000. No matter what your financial needs, Cash Money is able to help you.
  • Locations all across Canada – Cash Money has multiple store locations all across Canada and offers a convenient store locator feature on their website so you can find the location closest to you.
  • Flat rate loan fee – Cash Money charges a flat rate of $15 for every $100 that is borrowed. This flat rate loan fee eliminates the need for difficult interest charge calculations and allows consumers the ease and transparency of being able to know exactly how much their loan will cost them.
  • Express approval – With a simple application process and fast approval, Cash Money offers its customers the benefit of being able to get approved with little hassle and no time restraints. This gets you the money that you need, as quickly as possible.
  • Online services – Cash Money offers the convenient option of being able to apply for a loan online. With a simple, online application form and an easy method for verifying your personal information such as employment status and income, you can receive your loan without having to leave the comfort of your own home. The entire approval process is completed over the internet, funds are deposited directly into your bank account and payments can be made online as well.


No matter what your financial requirements, Cash Money offers a wide variety of different services to help you in all situations. Whether you require a small loan to see you through until your next pay day or you require a larger loan to take care of some home renovations, Cash Money is sure to offer a service with flexible options to meet all of your borrowing needs.

Pay Day Loans

Pay Day loans come in handy when you require a short-term loan, in an emergency situation, to get you through until your next pay cheque comes in. Pay Day loans are offered up to an amount of $1,500 and are paid back, in full, along with a flat borrowing fee, around the time of your next pay.

Line of Credit Loans

A line of credit loan offers you access to up to $10,000 dollars that can be borrowed and paid back on a flexible payment schedule. You only pay interest on the amount that you have borrowed and never on the full approval amount.

Opt+ Mastercard

For a low monthly fee of only $7.00 Cash Money offers its customers the Opt+ Prepaid Mastercard. This card can be loaded with funds at any Cash Money location and has zero transaction charges and can be used anywhere that Mastercard is accepted.

First Loan Discounts

Cash Money offers a discount of a $300 loan for only $20 for all first time customers.

Western Union

Cash Money is affiliated with Western Union and offers both Western Union money orders and money transfers.

Express Service

Cash Money offers expedited service to help all of the customers that they serve get the money that they need, as quickly as possible. Certain loans can be approved in as little as ten minutes and money can be deposited in your account in as short a time as fifteen minutes.

Money Exchange

If you are travelling to the United States and need to obtain US currency, Cash Money offers competitive exchange rates and can provide you with the amount of foreign dollars that you require, right away.

Frequently Asked Questions About Cash Money

What happens if I can’t pay my loan on time?

Cash Money understands that sometimes circumstances arise that will cause you to be unable to make your loan payments. If this occurs, they can work with you directly to come up with a plan that will work with your current needs.

Does Cash Money accept customers that are receiving government assistance?

Yes, Cash Money accepts government assisted customers. If your source of income is derived from Employment Insurance, Child Tax Benefits, Social Assistance or the Canada Pension Plan, Cash Money will be able to help you with your financial needs.

What information does Cash Money require in order to apply for a loan?

Cash Money requires a valid chequing account, a source of income, proof of identification that shows you are over the age of 18 and a valid, working phone number in the event that they need to contact you.

Why does Cash Money need to verify my income?

Cash Money needs to verify your income amount to determine which loan and in what amount will best suit your financial situation. They want to ensure that you are able to afford the loan that you are given.

Can I pay off my loan early?

Yes. Cash Money will allow you to pay off your entire loan, at any time without incurring any penalties.

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Smarter Loans Staff

The Smarter Loans Staff is made up of writers, researchers, journalists, business leaders and industry experts who carefully research, analyze and produce Canada's highest quality content when it comes to money matters, on behalf of Smarter Loans. While we cannot possibly name every person involved in the process, we collectively credit them as Smarter Loans Writing Staff. Our work has been featured in the Toronto Star, National Post and many other publications. Today, Smarter Loans is recognized in Canada as the go-to destination for financial education, and was named the "GPS of Fintech Lending" by the Toronto Star in 2019.