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MoneyUp

Avg. Rating: 4.8 (6 reviews)

Since 2023, MoneyUp has been helping over 5,000 Canadians take control of their finances – whether it’s spending, saving, or borrowing – quickly, affordably, and reliably.

Our easy-to-use app is packed with tools designed for everyday financial needs and those unexpected moments. With features like FastForward, users can access an instant line of credit up to $1,000, giving them the freedom to stop waiting for payday and get funds in minutes – simply, securely, and affordably.

Need an extra cushion? MoneyUp also offers an instant, affordable overdraft, ensuring you have access to emergency funds when you need them most.

  • TIME IN BUSINESS: Since 2023
  • # OF CUSTOMERS: Over 5000
  • LOANS OFFERED: Line of Credit

(587) 735-4896

info@moneyup.ca Suite 200-4803 87th Street, Edmonton Alberta T6E 0V3
Call Center: Mon-Friday 7:30-4pm MST
Support Offered:
  • Call Centre
  • Help Centre
  • Email
  • Blog
Availability: Everywhere in Canada except Quebec and Saskatchewan

Products Offered

Below are all the products offered by this company.

Conditions & Rates

Rate

30.4% APR

Amount

$150 – $1000

Term

30 Days

Eligibility & Documents

Who is Eligible?

To qualify for a MoneyUp Line of Credit, applicants must meet the following criteria:

  • Age: Must be the age of majority in your province or territory
  • Income: Must have a bi-weekly or monthly employment income or receive government benefits (such as child tax or pension) for at least 30 days
  • Bank Account: Must have a valid and linked Canadian bank account

Service Areas

MoneyUp is available in the following provinces and territories:

Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Nova Scotia, Northwest Territories, Nunavut, Ontario, Prince Edward Island, Yukon

Application Process & Funding

  • Application Time: 10 minutes
  • Approval Time: Instant
  • Funding Time: Same-day
  • How You’ll Receive Funds: Direct Deposit via Bank EFT Transfer or Interac e-Transfer

What You Need to Provide:

  • Banking Verification – Must link a valid Canadian bank account
  • Proof of Income – Employment income or government benefit verification
  • Complete Online Application – Simple and secure online submission

Repayment & Issuance

How Fast Can You Get the Money?

You can receive your money the same day after approval. MoneyUp provides instant approval, and funds are sent via Direct Deposit (Bank EFT Transfer) or Interac e-Transfer for quick access.

How Does Repayment Work?

Repayments are made bi-weekly or monthly through automatic withdrawals from your linked Canadian bank account.

Funding Method

MoneyUp sends funds via Direct Deposit (Bank EFT Transfer) or Interac e-Transfer, ensuring you receive your money the same day after approval

Frequently Asked Questions About MoneyUp

Who is MoneyUp?

MoneyUp is a Canadian financial services provider that has been helping over 5,000 Canadians since 2023. They offer innovative, affordable, and secure financial products to help users with everyday spending, saving, and borrowing needs.

What does MoneyUp do?

MoneyUp provides fast, reliable financial solutions, including FastForward, an instant line of credit up to $1,000. Their easy-to-use app helps users access emergency funds quickly, securely, and affordably.

How much can I borrow from MoneyUp?

MoneyUp offers a line of credit between $150 and $1,000, depending on eligibility.

What is the interest rate?

MoneyUp's line of credit has an APR of 30.4%. There is no interest (0%) on the outstanding balance of the line of credit.  There is only a small 2.5% advance fee that contributes to the APR of 30.4%.

How long do I have to repay my loan?

Repayment terms are 30 days, with payments made bi-weekly or monthly directly from your bank account.

How long does the application process take?

Applying for a MoneyUp line of credit takes only 10 minutes and approval is instant.

How soon will I receive my loan after approval?

MoneyUp sends funds the same day via direct deposit (EFT) or Interac e-Transfer, so you can access your money quickly.

Is MoneyUp safe to use?

Yes! MoneyUp prioritizes security and uses secure banking connections to ensure your information and transactions are safe.

Where is MoneyUp available?

MoneyUp services residents in Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Nova Scotia, Northwest Territories, Nunavut, Ontario, Prince Edward Island, and Yukon.

What are the eligibility requirements?

To qualify for a MoneyUp line of credit, you must be the age of majority in your province or territory. You also need to have a bi-weekly or monthly income from either employment or government benefits, such as child tax or pension, for at least 30 days. Additionally, a valid and linked Canadian bank account is required.

What documents do I need to apply?

To apply, you will need a valid Canadian bank account linked to your profile and proof of income to verify your earnings.

What are the different MoneyUp plans?

MoneyUp offers two plans: MoneyUp Lite – Includes all basic MoneyUp features, access to FastForward's basic line of credit, instant approval, no interest, and automatic payment reporting to help build your credit score. MoneyUp Smart – Includes everything in MoneyUp Lite, plus 2 free e-Transfers per month and daily draws for $50 gift cards.

Does MoneyUp Smart have a free trial?

Yes! MoneyUp Smart comes with a free 15-day trial, so you can test it out and decide if it’s the right fit for you.

How does MoneyUp help build my credit score?

MoneyUp automatically reports your payments, helping you build your credit history over time with responsible repayment.

How do I choose the right MoneyUp plan?

If you’re looking for a basic financial solution with access to a line of credit, MoneyUp Lite is a great option. If you want extra perks like free e-Transfers, daily rewards, and local savings, MoneyUp Smart is worth considering.

MoneyUp Reviews

Avg. Rating: 4.8 (6 reviews)
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Thank you MoneyUp

Best loan app ever. I get the money I need when I need it. The workers at the company are amazing and very understanding.

Heaven S.
Great team

The team was awesome helped me in time of need thanks crystal.

Patrick M.
Approved fast

I was approved in just minutes. The app has amazing features, including daily draws for gift cards. I would highly recommend giving them a try

Michelle
Zero Hassle, Total Game Changer

MoneyUp helped me get back on track with zero hassle. Funds arrived in minutes. Game changer!

Sierra B
No Credit Check, No Problem

Love the no credit check option. Super easy and straightforward.

Ryan D.
Skeptical at First, Impressed in the End

I was skeptical at first, but MoneyUp really delivered. Simple process and helpful app.

Linda G.

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