Short on cash? Bree offers up to $350 in interest-free cash advances to prevent overdraft and cover your expenses with no fixed terms. But is Bree the best option? Explore the perks and potential advantages of the top Canadian cash advance apps like Bree.
The Bree app offers cash advances exclusively for Canadians with up to $350 available.
There are no late fees (pay back your advance when you want), 0% interest and no credit check to get started.
More than 200,000 Canadians are already using the app with an excellent 4.6 rating from 1,600+ reviews on Trustpilot.
Although Bree claims “no fees” on its website, you will need to pay for a membership which costs $2.99 per month (auto-recurring).
If you want your funds immediately, you’ll also face fees. Express fees range from $2.99 to a pricey $17.99, depending on how much you advance. You can skip these fees if you’re happy to wait up to three business days for delivery.
| 💡PockBox Tip: You can avoid the monthly subscription by emailing Bree and requesting access to cash advances. There is a 30-day free trial, so you can try before you buy. |
Want up to $350 in quick cash? >>> Check Out Bree 👈
Is a Bree cash advance right for you?
Bree’s cash advance limit of $350 is a healthy amount (and more than other cash advance apps like the $250 limit on KOHO or $150 line of credit from Nyble).
However, the cost of a Bree cash advance can add up.
With Bree’s monthly membership of $2.99, plus express fees anywhere from $2.99 to $17.99, and tipping which is optional but strongly encouraged, the app boasting “NO FEES” can get expensive.
If you’re paying the $2.99 monthly membership fee and took out a $100 cash advance with a $9.99 express fee, you’d be paying $12.98 to borrow one hundred bucks. Add a tip of $5 or $10 and you can pay $20 just to borrow $100!
You’ll also need to work your way up to Bree’s $350 limit over time. As a new user, you’ll likely get closer to $10.
If you’re looking to borrow money without potentially high fees or low initial limits, we’ve rounded up the top apps like Bree.
What are the best apps like Bree?
#1 – KOHO: Enjoy cash advances of up to $250 with KOHO ‘Cover’
The KOHO app offers interest-free overdraft protection up to $250 with ‘KOHO Cover’.
To get started, choose a monthly subscription plan:
- Essential: $4/month (or $0 with eligible recurring direct deposits)
- Extra: $9/month
- Everything: $19/month
You’ll then need to sign up for Cover on top of your monthly subscription cost. Fees for Cover start as low as $2 and vary based on the amount of the cash advance among other factors.
You can use KOHO Cover as often as you like, as long as you’ve paid back your previous advance, and can check your available limit in the KOHO app.
There are no late fees although late payments may affect your ability to access KOHO overdrafts in the future.
| 💡PockBox Tip: KOHO advertises up to $250 in overdraft protection but you’re more likely to be approved for $50 to start. You can increase your cover limit from up to $250 by repaying your overdrafts on time and using KOHO for everyday spending. |
Get a no-interest cash advance for up to $250 >>> Check out KOHO 👈
| Pros | Cons |
| ✓ Easy to sign up and apply | ✘ Instant transfer fee applies |
| ✓ $0 plans available | ✘ Subscription for Cover is required on top of monthly subscription |
| ✓ 0% interest | |
| ✓ No credit check or late fees |
#2 – Nyble: Access a convenient line of credit up to $150 at 0%
Nyble (pronounced nibble) offers a line of credit (called Cover) from $30 to $150.
More than a way to manage unexpected expenses, drawing from your available line of credit and making on-time repayments may help improve your credit score.
There’s no credit check to apply, no interest on the money you borrow and no late fees. With up to 30 days to pay back your money, Nyble can be a handy option when you’re between paydays or needing urgent funds.
Like Bree, the Nyble app has a monthly membership which costs $11.99 though you get your first month free. This is significantly more than Bree’s $2.99/month membership but comes with a range of extra features to add value to the cost, including:
- Weekly credit score updates
- Access your full credit report for free
- Earn 1x to 5x reward points on everything
- Monitor and dispute tradeline information
- Dedicated credit building line of $30 – $150 at 0%
- Fast funding (1 to 30 minutes) and multiple funding requests per month
Nyble credit building help may make it a better alternative to Bree, depending on your needs, even though the line of credit maxes out at $150 vs. Bree’s $350 cash advance.
Get up to $150 in five minutes >>> Check out Nyble 👈
| Pros | Cons |
| ✓ Access a line of credit between $30 and $150 | ✘ Both on time and late payments are reported |
| ✓ May help build your credit | ✘ Smaller borrowing limit compared to other cash advance apps |
| ✓ No interest or late fees | |
| ✓ Instant funding available |
#3 – Wagepay: Cash out up to $1,500 of your wages before payday
The Wagepay app lets new users access up to 25% of their pay early. This figure increases for repeat customers with a cash out limit of $1,500.
Wagepay won’t check your credit score to determine your eligibility. Instead, the app connects with your primary bank account (you’ll need to connect the account where your wages are paid into) and evaluates your transaction history.
There’s no connection to your employer’s payroll so you can cash out your wages without your boss knowing.
Automatic repayments are set up through the Wagepay app and there are no late fees. You can alter your repayment date if you need more time, though Wagepay says that this – or splitting your repayment, which is allowed once per advance – may reduce your advance limit over time.
Unlike the apps on this list, there’s no subscription fee to use Wagepay’s cash advance feature. This makes the app cheaper than Bree’s $2.99/month and significantly cheaper than the $10 and $11.99 of Woveo and Nyble, respectively.
The app isn’t totally fee-free though. Wagepay’s cash advance costs include:
- Maximum 8% flat fee
- 24% interest p.a.
Cash out up to $1,500 of your wages early >>> Check out Wagepay 👈
| 💡PockBox Tip: Wagepay is currently only available to British Columbia and Ontario residents though the website claims support for additional provinces is coming soon. |
| Pros | Cons |
| ✓ Access your earned wages before payday | ✘ Interest fees apply |
| ✓ Cash out up to $1,500 early | ✘ Eligibility criteria may disqualify some users |
| ✓ No late fees | |
| ✓ Employer doesn’t need to know |
#4 – Woveo: Create a community savings fund to access a handy line of credit
The Woveo app is an innovative new way for communities and groups to pool savings and borrow against their savings fund with a line of credit up to $500.
Once you create a Woveo account, you can invite friends or community members to contribute to a group savings goal. Your pooled funds act as a peer lending product which allows you to borrow money.
Woveo reports on-time payments to the credit bureaus, allowing you (and your group members) to potentially build and improve your credit rating.
Woveo offers two plans to choose from:
- Freemium Plan ($0/month): Includes one group savings goal, credit score monitoring, and instant transfers starting at $2.
- Premium Service ($10/month): Includes unlimited group savings
Woveo also advertises a cash advance product on their website. However, further information isn’t yet available.
| Pros | Cons |
| ✓ Get started with no credit history | ✘ $10 membership is more expensive than some other cash advance apps |
| ✓ Interest-free lines of credit up to $500 | ✘ Woveo is relatively new so services and product details remain limited |
| ✓ May help build your credit |
#5 – Neo: Earn up to $680/year in cashbacks and perks across multiple credit card products
A fintech platform founded in 2019, Neo Financial offers AI-powered tools to help you do more with your money.
Offering digital-first financial products, Neo’s big sell comes in the form of no branches and no lines but innovative digital products to make up for the lack of brick-and-mortar locations.
Neo’s most popular products include a pair of credit card options with cashback rewards at over 10,000 partners across Canada.
Neo Mastercard ($25 Sign-up Bonus)
With the Neo Mastercard, you can enjoy a credit limit up to $10k and earn cashback up to $680[efn_note]Eligible cashback spend cap for all other purchases is $1,666 per month. After monthly spend caps are reached, subsequent purchases earn 0% cashback. Caps are reset monthly.[/efn_note] at thousands of Neo partners so you can save on gas, groceries and more — all with no annual fees.
Here’s how to get set up:
- Apply for the Neo Mastercard
- Open a FREE Neo Everyday account (only takes a few minutes)
- Top up your Everyday account balance to earn cashback
Your cashback amount is tied to your Everyday balance.
For example, you’ll earn 1.5% on gas and groceries with $1,000 in your Everyday account. Increase your Everyday account to $5,000 and your cashback rewards go up (3% on gas and groceries and 1% on everything else).
Try the Neo Mastercard today and get a $25 sign-up bonus.
Sign up today and claim your $25 bonus >>> Neo Mastercard 🔥
Secured Neo Mastercard (Guaranteed Approval and $25 Sign-up Bonus)
Voted Canada’s best secured credit card, Neo’s Secured Credit card offers instant guaranteed approval[efn_note]Conditions apply. Must 1. be the age of majority in your province or territory of residence; 2. be a Canadian resident; 3. provide security funds.[/efn_note] and cash-back rewards – a rarity for secured credit card options.
There’s no hard credit check to apply and instant approval no matter your credit score. With no annual fees and the ability to set your credit limit, you’re given more options and control to help you avoid falling into bad spending habits.
While plenty of secured credit cards require security deposits of $300 (or more), the Neo Secured Credit Card stands out for its low security deposit of just $50.
The Secured Neo Mastercard has a monthly fee of $5.
As a cashback card, Neo’s 10,000+ partners also provide up to 5% back on select purchases with partners including Amazon, Netflix, Canadian Tire, Lululemon, Zara and more.[efn_note]Cashback earn subject to monthly spend limit. After monthly spend limit is reached, earn rate decreases for subsequent purchases. Spend limit resets monthly. Minimum Neo Everyday account balance required to earn the highest rate. For more information, visit the Neo App. The Neo Rewards™ Program, including cashback, is operated by Neo.[/efn_note]
Like the Neo Mastercard, your cashback amount is tied to your Neo Everyday account. The more money you have, the higher your cashback rate.
Plus, you’ll get a $25 bonus when you sign up for Neo!
Neo reports to Canada’s consumer credit bureaus, Equifax and TransUnion, which may help you build your credit by making everyday purchases and on-time payments.
Enjoy $25 sign-up bonus + cashback rewards >>> Neo Secured Credit Card 🔥
Other Neo Products
Neo’s line of digital banking, budgeting and borrowing products also includes:
- Neo Invest: Neo Invest is an online investing platform working in partnership with OneVest. Investing portfolios are tailored depending on your risk tolerance, financial goals, timelines, and personal values.
- Neo Mortgage: Neo Mortgage simplifies the home purchasing process by helping you navigate the prequalification process and the post-purchase steps, such as selecting a mortgage or applying for a renewal.
- Neo Everyday Account: Neo’s Everyday account is like a checking account but with cashback. There are no monthly fees, no minimum balance requirements and free everyday transactions. Your Everyday Account balance determines your cashback rate, whether you’re using the Neo Mastercard or the Neo Secured Mastercard.
- Neo High-Interest Account: Neo’s savings account makes it easy to track your progress and grow your money with 4.00% interest.[efn_note]Interest is calculated daily on the total closing balance and paid monthly. Rates are per annum and subject to change without notice.[/efn_note] There are no minimum deposits or commitments required and you can personalize up to 10 accounts to target individual savings goals like travel or emergency funds.
Neo doesn’t offer a traditional cash advance product like Bree.
You can use your Neo card to help cover unexpected expenses – with the added benefit of saving on gas and groceries, and earning cashback rewards on a sliding scale.
| Pros | Cons |
| ✓ Flexible credit card options with impressive cashback and rewards | ✘ No traditional cash advance product |
| ✓ Earn up to $680/year in cashbacks | ✘ No physical branches (live chat is available daily) |
| ✓ No annual membership | |
| ✓ Wide range of banking products |
#6 – Spring Financial: Financing solutions exclusively for Canadians
Spring Financial is an alternative lender operating completely online that has helped fund over 250,000 Canadians with personal loans from 9.99%.[efn_note]Your loan terms are not guaranteed and are subject to our verification and review process. You may be asked to provide additional documents to enable us to verify your income and your identity. You may be required to have some of your funds sent directly to pay off your credit cards. This rate includes an autopay APR reduction of 0.5%[/efn_note]
The platform offers fast approval and funding to Canadians (minimum 19 years of age) who may not qualify for a traditional bank loan with funds potentially available as soon as the same or next day.
What makes Spring Financial stand out:
- Interest rates starting at 9.99%*.[efn_note]Spring Financial Inc. provides loans up to $35,000 with interest rates ranging from 9.99% to 46.99%, and terms from 6 to 60 months. APRs on such loans range between 10.8% to 46.99%. Your actual rate will depend on a variety of factors such as your credit score and the loan amount.[/efn_note]
- Loan amounts between $500 to $35,000.
- Apply online in minutes (skip the branch visits)
- Same day approvals and receive funds by e-transfer
- Terms from 6 to 60 months (no fees for early repayment)
- Seamless online experience (phone, text or live chat support)
Spring Financial loans include:
- Personal Loans: Borrow up to $35,000 with every loan repayment being reported to the credit bureaus to potentially increase your credit score. Funds are available the same day with no penalties or hidden fees for early repayment.
- Foundation Loan: 100% approval rate for all applicants. Make small payments over 12 months with each payment reported to the credit bureaus. At the end of the 12 months, you’ll have $750 available as your savings and be guaranteed approval for the Evergreen loan.
- Evergreen Loan: Access a $1,500 loan at 18.99%. Once you pay it off, you can access another $1,500 at the same rate. Each payment is reported to the credit bureaus so you may potentially boost your credit score.
Spring Financial welcomes all credit levels and applying won’t affect your credit score so you may have options even if you’re dealing with less-than-perfect credit.
See what you qualify for >>> Check out Spring Financial 👈
| Pros | Cons |
| ✓ 100% online (no face-to-face application | ✘ May be offered a credit builder loan before a personal loan |
| ✓ Established Canadian lender | ✘ Potentially high interest |
| ✓ No prepayment penalties |