Which lenders pay by e-Transfer?
These lenders on Koke say they send approved loans by Interac e-Transfer. The timing column is what each lender publishes, not a promise; your own approval and your bank decide when the money actually lands.
Applications go through our partner Loans Canada, which may match you with this or other lenders. Koke may be paid for referrals. Lenders decide approval, cost and terms.
| Lender | How and when they say you get the money | Licensed in | Apply |
|---|---|---|---|
| Cash 4 You | Interac e-Transfer or direct deposit; cash in Ontario stores | BC, ON | Apply now |
| Cash Money | Interac e-Transfer or direct deposit, typically within 24 hours | AB, BC, MB, NB, NL, NS, ON, SK | Apply now |
| Focus Cash Loans | Interac e-Transfer, stated as within about 30 minutes of approval during business hours | AB, BC, ON | Apply now |
| GoDay | Direct deposit or e-Transfer; stated as little as 1 hour after approval, up to 1 business day | AB, BC, MB, NB, NS, ON, PE, SK | Apply now |
| iCash | Interac e-Transfer after the contract is signed | AB, BC, MB, NB, NS, ON, PE | Apply now |
| Instant Payday Canada | Interac e-Transfer | BC, ON, SK | Apply now |
| Mr. Payday | Interac e-Transfer, often about 30 minutes after approval during business hours | AB, BC, ON | Apply now |
| My Canada Payday | Interac e-Transfer, stated as within about 15 minutes of signing, including weekends and holidays | AB, BC, MB, NS, ON, SK | Apply now |
| Pay2Day | Cash in store, or Interac e-Transfer usually within 1 to 2 hours of approval | AB, BC, NS, ON | Apply now |
| Speedy Cash | e-Transfer, instant debit card funding, or cash in store | AB, BC, MB, NB, NL, NS, ON, SK | Apply now |
| Venue Financial Centres | e-Transfer for online approvals, stated as little as 2 hours; cash in store (stores are in BC) | AB, BC, SK | Apply now |
Timings are what each lender publishes, last checked on its profile date. They usually depend on approval during business hours and on your bank.
How fast does an e-Transfer payday loan arrive?
There are two steps, and the first one usually takes longer:
- Approval. The lender checks your identity, income and bank account, then sends you the contract to sign. Most lenders do this during business hours. Some publish approval in about 30 minutes; others say same day or within 24 hours.
- The transfer. Once you’ve signed, the lender sends an Interac e-Transfer to your email or phone number. It usually arrives within minutes. If you’ve set up Autodeposit with your bank, it goes straight into your account; otherwise you accept it and choose the account.
Can I get an e-Transfer loan at night or on a weekend?
You can usually apply any time, and an e-Transfer can arrive any time of day. What often waits is the approval. If a lender only reviews applications during business hours, an application sent on Saturday night may not be funded until Monday. Check the lender’s hours before you count on money arriving.
What can slow an e-Transfer down?
- Your bank holding a large or unusual transfer for a security check.
- A typo in the email address or phone number you gave the lender.
- Not having Autodeposit set up, so the transfer waits for you to accept it.
- Your bank’s daily limit for receiving e-Transfers.
Does it cost more to get a payday loan by e-Transfer?
It shouldn’t. The provincial limit of $14 per $100 includes every charge for the loan, so a licensed lender can’t add a separate fee for sending it by e-Transfer. If a lender quotes an “express” or “transfer” fee on top of $14 per $100, ask what it’s for and check the licence before you sign.
How do I spot an e-Transfer loan scam?
Scammers copy the look of real lenders. The Canadian Anti-Fraud Centre warns about loan offers that ask you to pay first. Walk away if anyone:
- asks you to send an e-Transfer, gift cards or crypto as a “deposit”, “insurance” or “processing fee” before you get the loan;
- offers a loan by text or social media message you didn’t ask for;
- asks for your online banking password, or a photo of your bank card.
A licensed lender takes its fee out of what you repay, never up front. Check the lender’s licence on your province page before you apply.