About company
iCash is a lending company that has been providing cash advance loans in a fast, safe, and easy way in Canada since 2014.
Sometimes you may need some extra cash to save yourself from the complex financial situation. With iCash you can submit an application online and receive money without visiting a branch of the company. You can also install the mobile app and make all the necessary actions to get the money through it. All actions can be done online, including paying off a payday loan.
iCash applies a profitable cashback program and makes no credit check. An application is instantly approved if a client matches all the requirements. Every day a great amount of cash advances is issued by this lender.
The main aim of the iCash company is to provide payday loans most safely and efficiently.
Features
iCash Inc. has various features that help customers in Canada borrow money easily and conveniently. These are:
- The loan amount is from $100 to $1,500.
- Credit history has almost no impact on the decision as the lender does not make a credit check.
- The instant decision for payday loan issuance.
- A cash advance is transferred to the borrower's bank account almost immediately once the application is submitted and approved.
- The requirements are relatively easy to meet – payday loans are provided for 19+ years old Canadian residents with an official income of $800 per month, who have a valid bank account.
- Funds can be used for any purpose.
- The cashback program allows borrowers to save up to 20% of the loan.
Advantages
- A quick application review process. Almost any client can have an online payday loan in minutes after the application has been sent. No documents are required for the case to be reviewed. Borrowed funds will be transferred via Interac e-Transfer within five minutes after the client has signed the agreement.
- Well-structured official iCash website where customers can get all the necessary information without dialing phone numbers or writing emails.
- Five-day grace period, which the client can enjoy after the loan is transferred. It also allows to pay off the debt without any extra cost.
- All operations are conducted following the legislation of Canada. The lending procedure is transparent and accessible. The conditions of financing issuance are clear.
- iCash operates on weekends and at most state holidays.

The conditions for iCash payday loans are the following:
- Amount: $100 - $1,500.
- Term from 7 to 62 days.
- APR is 109.50%.
- Interest fees vary by province.
Before applying for a payday loan, you can choose between Cash Advance with one payment and Flexpay with two or three payments.
Methods of a loan granting
iCash has two ways of a loan granting:
- A direct deposit to the borrower's bank account;
- Sending money via Interac e-Transfer.
The requirements for clients to qualify for cash advance at iCash are:
- The minimum age is 19 years old;
- Be a Canadian resident;
- The employment period over three months;
- The overall monthly income over $800;
- Have an account in a Canadian bank;
- A valid phone number and an email address to which the instructions will be sent;
- Proof of residence.
Those who want to take short payday loans need to complete the following procedure:
- Specify a loan amount, repayment frequency, and the province you reside in, and click the "Get my loan!" button on the official iCash website.
- Create an account by providing an email address (will be used as a login) and password.
- Fill in the application form and put the required personal and contact information.
- Get the decision of the lender. It is made almost instantly in most cases, so you will not have to wait for approval for long.
- Get money right after the contract is signed – the funds will be sent with Interac e-Transfer within the next 3-5 minutes.
The automatic system operates 24 hours a day and 7 days a week.
The customer will use the same bank account for loan repayments, and installments will be automatically debited for the amount specified in the agreement.
Reasons for rejection
The main reason for rejection by iCash is when the applicant cannot meet the requirements.
There are some other criteria why sometimes the iCash staff says "No" to applicants. Its system analyzes data that the client has provided. It monitors whether any bills have not been paid, and other factors. The credit score does not matter, but if the client has a lot of other unpaid loans, iCash will have to reject the application. The system makes an automated decision based on various reasons.
After the application submission, the system will provide an instant automatic response regarding the loan issuance.
Applicants should keep in mind that sometimes it can take some time for the company to decide if some data seems suspicious.
After the application has been submitted and the system confirms it, the funds will instantly be transferred to the borrower's account. Usually, the process takes about 3-5 minutes. However, there could be some delay because of the bank or another financial institution, but the iCash company can not influence these processes.
The company has already taken care of repayments, so there is no need for customers to do it manually. The loan installments will be debited from the borrower's bank account following the payment schedule. All details can be found in the loan agreement that will be sent to the provided email.
In some cases, the clients can use Interac e-Transfers to repay their payday loans.
Loan extension
iCash provides no payday loans extension. Loan terms are fixed and cannot be changed. That is why it is better to take cash advance only if you are sure to pay it off in time.
Early repayment
The company provides an opportunity to repay the existing loan early. The customers can pay off cash advances within the first three days - there would be no additional fees and extra charges.
You need to contact the customer support team by sending a request through the special form on the "Contact us" page on the official website.
It is worth mentioning that the balance can change every day, so it is not advisable to panic or to raise questions too early. It is also possible that the transaction could be in process, and it has not been confirmed by the bank yet.
The staff will inform the client about the remaining balance, and if the payment is in the process, they will also disclose that information.
If the payment has failed, it is better to contact customer support service as soon as possible. The fastest way is to reach a specialist by filling out the special form on the "Contact us" page.
It is not rare when payment failure happens on the bank's side. In this case, it can take from several hours to couple days for the transaction to be processed. However, no additional charges or fees will be applied if the client can prove that the payment has been suspended due to the bank delay.
If you missed a payment, it is highly recommended to contact the collection department by calling the phone number is 1-833-422-1234 or texting an SMS to (647) 952-6644. The specialists will do their best to solve the problem and offer alternative options for repaying the debt.
The company does not provide the clients with an opportunity for a loan restructuring.
Those residents of Canada who want to get the services will need to create a personal account via a browser or a mobile app.
To create a personal profile in the system, you should click the "Sign In" button. After that, you will need to specify the valid email and create a strong password. You will need to provide the required personal and contact information at the next step.
The procedure usually takes 2-3 minutes.
If you have forgotten the password, you can easily reset it by following these simple steps:
- Visit the official website;
- Click on the "Sign In" button;
- Press the "Help me sign in" link;
- Enter the email you use for your personal account. After that, the system sends the letter with the instructions for password resetting;
- Check the email box and follow these instructions.
If you need additional help, contact customer support by filling out the special form on the "Contact us" page on the official website.
Customers who have fully repaid their loans can delete their personal accounts from the system. In order to do it, you should contact the customer support service by filling out the special form on the "Contact Us" page on the official website. You will still be able the get a new profile if you would like to continue using the services of this company.
The clients of iCash can contact the support service by filling out the special form on the "Contact Us" page on the official website.
If you have any suggestions or you are just in search of additional information, contact the Help Centre by calling these phone numbers:
- Phone for general questions: +1 (833) 422-12-34
- Phone for texting: +1 (647) 952-66-44
The company has an official mobile application for Android and iOS. With its help, you can access all company services and stay updated about the latest news.