Best Cash Advance Apps in Canada

Finding the best cash advance app

Looking for quick cash? Cash advance apps can help when you're short on money before payday. Here's what to consider when choosing one in Canada.

What matters most

• Loan amounts: Some apps offer small advances around $200, while others go up to $500.

• Speed: Need money now? Check how quickly you'll get cash. Some services fund you within an hour.

• Cost: Compare the total cost. Payday loans can charge up to $14 per $100 borrowed. Pay advance services usually skip interest but charge subscription or express transfer fees.

• How you get paid: Most send money to your bank through e-Transfer or direct deposit. Some provide prepaid debit cards.

Other things to check

• Eligibility: What credit score, income, and job requirements do you need to meet?

• Currencies: Important for international transfers.

• Payment options: How you can send money and how recipients get it.

• Extra features: Some apps offer peer-to-peer payments, budgeting tools, investing options, or cash back.

1. KOHO

Sometimes money gets tight before payday. When surprise car repairs or unexpected bills show up, KOHO Cover can help bridge the gap without the crazy interest rates that payday lenders charge.

Why Choose KOHO Cover?

• No interest - We don't charge interest, no matter how much you borrow

• No credit checks - Everyone who signs up gets approved

• Up to $250 - Borrow what you need based on your eligibility

• Money right away - Access your cash advance instantly in the app

• Financial coaching - Get tips to manage your money better

Apply for a cash advance and have money in your account in minutes!

2. Nyble

Nyble allows users to access up to $250 for their balance protection insurance.

Cost Structure: Paid Membership

Cost: $11.99/month

Payment due date: 31 days following drawdown

3. Bree

Bree let's users access up to a $500 cash advance to prevent overdraft.

Cost Structure: Platform/Express Fee

Cost: $2.99 to $22.99

Payment due date: Next payday

What you need to know about cash advance apps

Cash advance apps let you borrow small amounts of money until your next payday. They work differently from traditional loans and come with their own pros and cons.

What exactly is a cash advance app?

These apps come in two main types:

• Some give you interest-free loans (but charge other fees or subscriptions)

• Others let you access wages you've already earned but haven't been paid yet

Either way, you get a small amount of cash now, and repayment usually happens automatically when your payday comes.

Cash advance apps vs. payday loans

Cash advance apps are generally safer than payday loans. Payday loans can charge nearly 400% interest and often trap people in debt cycles.

Cash advance apps don't charge interest, which is why they aren't regulated like payday lenders. They also help prevent overdraft fees and won't let you take more money before you've paid back what you borrowed.

Watch out for the costs

While there's no interest, you might pay:

• Monthly subscription fees

• Fast transfer fees if you need money right away

• "Suggested" tips that apps encourage you to leave

These costs can add up even without interest charges.

Choose the right cash advance app for your needs

When money's tight before payday, cash advance apps can be a lifesaver. But not all apps are created equal.

KOHO Cover gives you up to $250 instantly with no interest and includes financial coaching for only $2/month.

Before you choose, think about what matters most to you:

• Need money right now? Look at KOHO's Cover

• Working on your credit history? KOHO Credit Builder might be your best bet

These apps are much safer than traditional payday loans that charge massive interest rates. Just remember that subscription fees and express charges still add up over time.

Choose what fits your situation, and only borrow what you can pay back on your next payday. The right cash advance app can help you handle surprise expenses without the stress of high-interest debt.

Disclaimer: Pricing and terms are based on publicly available information as of July 2, 2025 and are provided for comparison only. Accuracy is not guaranteed.