Time in business:
Customers:
Loans offered:
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.
Products Offered
AMOUNT
$150-$1000
INTEREST RATE
30.4% APR
TERMS
30 Days
Line of Credit
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?
Contact information
info@moneyup.ca- Suite 200-4803 87th Street, Edmonton Alberta T6E 0V3
Availability:
Everywhere in Canada except Quebec and SaskatchewanSupport Offered:
- Call Centre
- Help Centre
- Blog
Call Center:
Mon-Friday 7:30-4pm MSTFrequently Asked Questions About MoneyUp
Who is MoneyUp?
How much can I borrow from MoneyUp?
MoneyUp offers a line of credit between $150 and $1,000, depending on eligibility.
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 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.
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 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.
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 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.
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.
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 does the application process take?
Applying for a MoneyUp line of credit takes only 10 minutes and approval is instant.
Is MoneyUp safe to use?
Yes! MoneyUp prioritizes security and uses secure banking connections to ensure your information and transactions are safe.
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 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.
How does MoneyUp help build my credit score?
MoneyUp automatically reports your payments, helping you build your credit history over time with responsible repayment.
MoneyUp Reviews
Avg. Rating: 4.8 (6 reviews)
Thank you MoneyUp
February 7, 2025
“Best loan app ever. I get the money I need when I need it. The workers at the company are amazing and very understanding.”
Great team
February 7, 2025
“The team was awesome helped me in time of need thanks crystal.”
Approved fast
February 7, 2025
“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”
Zero Hassle, Total Game Changer
April 9, 2025
“MoneyUp helped me get back on track with zero hassle. Funds arrived in minutes. Game changer!”
No Credit Check, No Problem
April 9, 2025
“Love the no credit check option. Super easy and straightforward.”
Skeptical at First, Impressed in the End
April 9, 2025
“I was skeptical at first, but MoneyUp really delivered. Simple process and helpful app.”
