If you’re facing a financial emergency, applying to online lenders that e-Transfer loans in Canada is one of the fastest ways to borrow money. Online payday lenders in particular give rapid approval and e-Transfer funding – sometimes 24/7 and with no documents required – but with sky-high interest rates and incredibly short repayment terms, consider all alternatives before you apply.
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Compare payday lenders that offer e-Transfer funding, including those that offer it 24/7.
| Payday loan | Interest rate | Loan amount | Loan term | Key features | Link |
|---|---|---|---|---|---|
 | Varies by province | $100 – $1,500 | 7 - 62 days | No docs required, instant e-Transfer funding 24/7 | Go to site |
 | Varies by province | $100 – $1,500 | Up to 62 days | No docs required, instant e-Transfer funding | Go to site |
| Varies by province | $100 – $1,500 | Up to 62 days | Instant approval and e-Transfer funding | Go to site |
 | Varies by province | $100 – $1,500 | Up to 62 days | No docs required, no credit check, instant e-Transfer funding 24/7 | Go to site |
| Varies by province | $100 – $1,500 | 5 – 40 days | E-Transfer funding in as little as 15 minutes | Learn more |
| Varies by province | $100 – $1,500 | Up to 62 days | No credit check, no docs required, instant e-Transfer loans 24/7 | Learn more |
Payday loans are not your only option if you’re looking for fast lenders that do e-Transfer. Compare your alternatives below.
| Lender | Interest rate | Loan amount | Loan term | Key features | Link |
|---|---|---|---|---|---|
 | 0% interest with optional fees | $20 – $250 | 30 days, extendable | No docs required, 24/7 approval and e-Transfer | |
 | 0% interest with a $2.99 monthly membership fee | $20 – $350 | Next pay cycle (65 days max) | No credit check, no docs required, e-Transfer 24/7 | |
 | 9.99% - 46.99% | $500 – $35,000 | 6 - 60 months | E-Transfer personal loans as soon as the same day |
The best e-Transfer loans in Canada depend on your unique needs. In general, Nyble is a strong option because it offers zero-interest loans and instant e-Transfer funding.
Wagepay is one of the best payday loans with e-Transfer funding because it has lower fees than industry standards (though it’s still a very expensive loan).
Finally, if speed is your number one priority, iCash is well known for its fast 24/7 e-Transfers.
Not sure which one to pick? We break down the details for each lender below, including types of income they accept, speed of e-Transfer funding, serviced provinces, and pros and cons.
Founded in 2014, iCash has become one of the biggest and fastest payday lenders in Canada, serving more than 500,000 customers since its launch. Its corporate office is in Hawkesbury, Ontario.
24/7 payday loan: Yes, it provides 24/7 instant approval and 24/7 e-Transfer funding.
E-Transfer speed: In as little as 2 minutes.
Go to site
Dive deeper: iCash review
GoDay is an online-only payday lender operating since 2012. Its head office is in Toronto, Ontario. This lender has BBB accreditation and is a member of the Canadian Consumer Finance Association.
24/7 payday loan: It has 24/7 applications and approvals.
E-Transfer speed: In as little as 2 minutes.
Go to site
Dive deeper: GoDay payday loans review
Cashco is an established alternative lender that recently the payday loan space. It is based in Edmonton, Alberta.
24/7 payday loan: 24/7 applications and approvals available.
E-Transfer speed: Unspecified.
Go to site
Dive deeper: Cashco payday loans review
Wagepay is a game-changing company that provides wage advance services to Canadians in eligible provinces. You can get early access to a portion of your pay, with much cheaper costs than a traditional payday loan.
24/7 payday loan: Yes, it provides 24/7 instant approval and 24/7 e-Transfer funding.
E-Transfer speed: In as little as 2 minutes
Go to site
Dive deeper: Wagepay review
Cash Money is one of the most established lenders in the payday loan space. It’s been in business since 1992 with headquarters in Toronto, Ontario.
24/7 payday loan: 24/7 application is available but not 24/7 e-Transfer funding.
E-Transfer speed: In as little as minutes
Dive deeper: Cash Money payday loans review
My Canada Payday is an online-only payday lender owned by Westrock Financial, which has a BBB accreditation and A+ rating. The company has been in business for 15+ years.
Payday loans are loans of up to $1,500 that you typically repay on your next payday. Once a lender approves you for a loan, one of the ways it can send you the money is through email money transfer, which can sometimes be done in Canada 24/7.
Many payday lenders that operate online use Interac e-Transfer to fund their loans. If you apply online, you can get your money within a few minutes after submitting your signed contract.
Many payday lenders across Canada advertise e-Transfer payday loans and 24/7 convenience, but what do they actually mean? We break down the three stages of getting a payday loan below and how they affect turnaround times.
If e-Transfer payday loans in Canada 24/7 are important to you and there’s a chance your application will need a manual review, you may want to apply to lenders that have staff operating 24/7, because not all of them have this. iCash and PAY2DAY are examples of lenders that have 24/7 online customer service.
Below are a few reasons why your application may need a manual review:
Basic requirements include:
When you fill out an application, a payday lender might ask you to connect your bank details via instant bank verification instead of sending them any documents. This is a common step in the application for many online payday lenders, but make sure you apply to a legitimate one.
With instant bank verification, instead of faxing or emailing paperwork, you’ll connect your bank account details with the lender through a secure portal so it can view your bank statements, verify your identity and make a decision on your application. Your username and password will never be stored or seen by the lender.
This no-document process speeds up the approval and enables you to get your loan nearly instantly.
If you’re looking for the fastest 24/7 e-Transfer payday loans with no documents required during the application process, there are some lenders in Canada that have simple applications available entirely online. For example, iCash offers a fast, online payday loan application with 24/7 approval, 24/7 e-Transfer within minutes and no documents required to send in. Other lenders to consider include Credit Club and PAY2DAY.
Yes, you can get e-Transfer payday loans in Canada while receiving child tax benefits from select lenders like iCash, Cash Money, PAY2DAY, Speedy Cash and Focus Cash Loans. These lenders accept the Canada Child Benefit as a valid source of income because they have relatively lenient eligibility requirements. Lenders like PAY2DAY and Focus Cash Loans also offer no credit check payday loans.
Yes, but make sure you apply to a licensed payday lender. Licensed payday lenders that offer e-Transfer payday loans in Canada 24/7 with no credit check will evaluate the stability of your income by looking at your bank statements and/or pay stubs.
PAY2DAY and Money Mart are examples of legitimate lenders.
Related: No credit check loans in Canada
Yes. Payday loans are specifically designed for people who can’t get approved by a bank or credit union and need easy approval. Payday lenders have lenient eligibility requirements, but in exchange you pay high interest rates.
In most cases, lenders will automatically withdraw the amount you owe from your bank account on the due date, though you might find a few that allow repayment via e-Transfer. PAY2DAY is an example.
Any payday loan you get will be very expensive, with fees ranging between $14 to $17 for every $100 borrowed. Add to that a very short repayment term, and it’s easy to get trapped in a cycle of payday loan debt.
Before you apply for a payday loan in Canada, first make sure you can repay the loan with your next paycheque and you’ll have enough money left to pay for your other expenses.
Recent data from the Finder: Consumer Sentiment Survey Q2, shows that 44% of respondents used a payday loan in the first three months of 2023.
The use of payday loans is on the rise. Based on survey data, there was a 132% increase in the use of payday loans from Q4 2022 to Q1 2023.
Payday loans are one of the quickest ways to obtain cash if you’re in a financial emergency. And if you’re focusing on payday lenders that e-Transfer payday loans in Canada, you can count on getting your cash within the same day as getting approved, if not faster.
Be careful, though: With APRs that reach well over 300%, these loans should be reserved as a last resort because they may trigger more financial burden to your budget. You can try to consider your payday loan alternatives, which will often come with better terms and more manageable payment options. However, if you’re set on a payday loan, you can compare your payday loan options to find the best deal available to you.
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