Lender
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

1.0

Money Mart Account Review

Advertiser Disclosure

Money Mart's online services offer convenient access to financial solutions like installment loans, payday loans, and small business loans. Applying through Money Mart website ensures quick processing, with funds typically disbursed within 15 minutes to 24 hours. Security measures are robust, safeguarding customer information throughout transactions. Money Mart provides diverse loan options tailored to different financial needs, whether for short-term expenses or long-term investments. Customers can easily manage their accounts online, providing flexibility and control over their finances from the comfort of their homes. With a commitment to speed, security, and customer satisfaction, Money Mart serves as a reliable resource for individuals seeking convenient and reliable financial assistance.

Key features

  1. Convenient Access. Money Mart's online platform provides convenient access to financial services such as installment loan, payday loan, and small business loan.

  2. Quick Processing. Applicants can expect speedy processing times, with funds typically disbursed within 15 minutes to 24 hours of application submission.

  3. Robust Security. Money Mart prioritizes security, implementing robust measures to safeguard customer information throughout the application and transaction processes.

  4. Diverse Loan Options. Customers have access to a diverse range of loan options tailored to their specific financial needs, whether for short-term expenses or long-term investments.

How to create an account?

To create an account with Money Mart, begin by visiting their official website through your web browser. Once on the homepage, locate the sign-up section, usually prominently displayed to attract new users. Click on the "Sign-Up" button to initiate the account creation process. You will be directed to a registration page where you'll need to provide personal information such as your full name, email address, phone number, and date of birth. Choose a unique username and a strong password for your account, ensuring it meets the security requirements. Verify your email address if required by clicking on the verification link sent to your inbox. Complete any additional verification steps as necessary and agree to Money Mart's terms and conditions. Finally, submit your information to finalize the account creation process. Once completed, you'll receive confirmation that your account has been successfully created, and you can log in using your chosen credentials to access the full range of Money Mart's services and features.

Step-by-step registration

  1. Visit Money Mart's Website. Open your web browser and navigate to Money Mart's official website.

  2. Locate the Sign-Up Section. Look for the "Sign-Up" button on the homepage. It's usually displayed in the right corner of the screen.

  3. Initiate Account Creation. Click on the "Sign-Up" button to begin the account creation process.

  4. Access Account Creation Option. On the new page you will see the Sign-In button, but under that there is a link "Don't have an account? Sign Up now". Click that link.

  5. Provide Personal Information. You'll be prompted to enter personal information such as your full name, email address, phone number, and date of birth. Make sure to enter accurate information.

  6. Create a Username and Password. Choose a unique username and a strong password for your account. Ensure that your password meets the security requirements (e.g., includes a combination of letters, numbers, and special characters).

  7. Verify Your Email Address. After submitting your personal information, you may need to verify your email address. Money Mart will typically send a verification link to the email address you provided. Click on the link to confirm your email.

  8. Agree to Terms and Conditions. Read and accept Money Mart's terms and conditions, privacy policy, and any other relevant agreements.

  9. Confirmation. You should receive a confirmation message indicating that your account has been successfully created. You may also receive a welcome email with further instructions or information about your new account.

  10. Log In. Now that your account is created, you can log in using the username and password you chose during the registration process. Simply enter your credentials on the login page and click "Log In" to access your account.

How to login in?

  1. Visit Money Mart's Website. Open your web browser and go to the official Money Mart website.

  2. Locate the Login Section. Look for the "Sign In" button on the homepage. This is typically found at the top right corner of the page or within a designated login area.

  3. Enter Your Credentials. Click on the "Sign In" button, which will take you to the login page. Enter your username or email address and your password in the respective fields.

  4. Verify Security. Some platforms may require additional security measures such as entering a verification code sent to your registered email or phone number. If prompted, follow the instructions to complete this step.

  5. Access Your Account. You will be redirected to your Money Mart account dashboard upon successful login. Here, you can access various features and manage your account as needed.

How to activate my account?

Although specific information may not be provided on the website, typically, it follows a standard procedure.

  1. Check your email. After registering for an account, Money Mart typically sends a verification email to the address you provided during the registration process. Check your inbox (and also your spam or junk folder) for an email from Money Mart.

  2. Open the verification email. Locate the email from Money Mart titled something like "Account Verification" or "Activate Your Account." Open the email to view its contents.

  3. Click on the verification link. Within the email, you'll find a link to verify your account. Click on this link to be directed to the Money Mart website or app, confirming that your account is valid and activated.

  4. Complete any additional steps. Depending on Money Mart's policies, you may need to follow additional instructions in the verification email to fully activate your account. This could include providing further information or confirming your identity.

  5. Log in to your account. Once your account is successfully activated, you can log in using the username and password you created during the registration process. Enter your credentials on the login page and click "Log In" to access your account.

  6. Explore Money Mart's services. Now that your account is activated, you can explore the various financial services and features offered by Money Mart, such as applying for loans, managing your accounts, and more.

How to delete my account?

While the website may lack explicit details, the process typically unfolds in a customary manner.

  1. Log in to your Money Mart account. Visit the Money Mart website and log in using your username and password.

  2. Navigate to account settings. Once logged in, locate the account settings or profile section. This is usually found by clicking on your username or profile icon, often located in the top right corner of the page.

  3. Find the option to delete account. Within the account settings or profile section, look for an option related to deleting or closing your account. This may be labeled as "Delete Account," "Close Account," or something similar.

  4. Follow the instructions. Click on the option to delete your account and follow any on-screen instructions provided by Money Mart. You may be asked to confirm your decision or provide a reason for closing your account.

  5. Confirm deletion. After following the instructions, you may need to confirm the deletion of your account. This could involve entering your password again or clicking on a confirmation link sent to your email.

  6. Verify account deletion. Once you've confirmed the deletion of your account, Money Mart will typically send you a confirmation message or email to inform you that your account has been successfully deleted.

  7. Contact customer support (if necessary). If you encounter any issues or have difficulty deleting your account, you may need to contact Money Mart's customer support for assistance. They can provide guidance and help ensure that your account is properly deleted.

How to reset my password?

  1. Visit the Money Mart website. Open your web browser and navigate to the official Money Mart website.

  2. Access the login page. Locate the login or sign-in page on the website. You can usually find this by clicking on the "Login" or "Sign In" button/link at the top right corner of the homepage.

  3. Click on the "Forgot Password" link. On the login page, look for a link that says "Forgot Password" or a similar option. Click on this link to initiate the password reset process.

  4. Enter your email address. You'll be prompted to enter the email address associated with your Money Mart account. Make sure to enter the correct email address to receive instructions for resetting your password.

  5. Check your email. After submitting your email address, Money Mart will send you an email with instructions on how to reset your password. Check your inbox (and also your spam or junk folder) for this email.

  6. Follow the instructions in the email. Open the email from Money Mart titled something like "Password Reset Instructions" or "Reset Your Password." Follow the instructions provided in the email to reset your password.

  7. Set a new password. You'll typically be directed to a page where you can set a new password for your Money Mart account. Enter your new password and confirm it by retyping it.

  8. Log in with your new password. Once you've successfully reset your password, return to the Money Mart website and log in using your email address and the new password you just set.

Editorial opinion

As a financial services company, Money Mart's online accounts offer both convenience and controversy in their provision of payday and installment loans. While they provide a streamlined platform for accessing financial assistance, particularly useful in emergencies or for those with limited credit options, their payday loan services have garnered criticism for their high interest rates and potential to trap borrowers in cycles of debt. However, the availability of installment loans offers a more flexible borrowing option, allowing customers to repay over time with manageable payments. While Money Mart's online accounts undoubtedly provide valuable services, the ethical implications of their payday loan offerings highlight the need for greater transparency and responsible lending practices within the industry.

Additional resources

Sources

FAQ

What percentage does Money Mart take?

Money Mart charge fees and interest rates based on the specific financial service provided. The company Money Mart typically charges fees for services such as payday loans and installment loans. These fees can vary depending on factors such as the loan amount and duration. For instance, for payday loans, Money Mart may charge fees ranging from $15 to $25 per $100 borrowed. It's crucial for borrowers to carefully review the terms and conditions of their loan agreement to understand the exact charges imposed by Money Mart for their services.

Does Money Mart affect your credit?

Money Mart's impact on your credit can vary depending on the type of financial service utilized. Payday loans typically do not directly affect your credit score as they are typically not reported to credit bureaus. However, if you default on a payday loan and it is sent to collections, it could negatively impact your credit. On the other hand, installment loans may be reported to credit bureaus, so timely repayment can potentially help improve your credit score. Money transfers typically do not impact your credit since they involve transferring funds rather than borrowing money. It's essential to understand the terms and potential credit implications of any financial service you use from Money Mart before proceeding.

Is Money Mart a bank?

No, Money Mart is not a bank. It is a financial services company that offers a variety of services such as payday loans, installment loans, money transfers, and more. While Money Mart has physical locations where customers can access these services, it does not offer traditional banking services like checking or savings accounts. Therefore, you cannot open a bank account with Money Mart. Instead, they primarily specialize in providing short-term financial solutions to individuals in need of quick access to funds.

Financial products
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
$1,000-$15,000
Rate
i

Effective interest rate on the product

up to 46.9%
Term
i

Loan term for the financial product

up to 60 months
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
120.00 – 1500.00 C$
Rate
i

Effective interest rate on the product

to 371.10 %
Term
i

Loan term for the financial product

1 days – 62 days
Money Mart
Small business loan
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
$10,000-$300,000
Rate
i

Effective interest rate on the product

up to 22%
Term
i

Loan term for the financial product

up to 12 months
Similar products
Best Quick Loan Today 04.11.2024*
Mr. Payday
Need a Quick Loan Now?
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
up to $10.000
Coast Capital Savings
Personal Loan
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
$500-$50,000
Rate
i

Effective interest rate on the product

7.5%
Term
i

Loan term for the financial product

60 months
Mogo
Personal Loan
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
$500-$15,000
Rate
i

Effective interest rate on the product

up to 46.96%
Term
i

Loan term for the financial product

up to 60 months
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
1000.00 – 7500.00 C$
Rate
i

Effective interest rate on the product

12.99 – 29.99 %
Term
i

Loan term for the financial product

2 years – 5 years
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
$1,000 - $25,000
Rate
i

Effective interest rate on the product

up to 33.92%
Term
i

Loan term for the financial product

up to 60 months
Borrowell
Business loan
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
$500-$50,000
Rate
i

Effective interest rate on the product

up to 39.99%
Term
i

Loan term for the financial product

up to 84 months
Lending Loop
Business loan
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
$1,000-$500,000
Rate
i

Effective interest rate on the product

up to 24.93%
Term
i

Loan term for the financial product

up to 60 months
Driven
Small business loan
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
$500-$300,000
Rate
i

Effective interest rate on the product

set individually
Term
i

Loan term for the financial product

up to 24 months
Farm Credit Canada
Equipment Financing
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
Spring Financial
The Foundation
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
up to $1,500
Rate
i

Effective interest rate on the product

from 18.99%
Term
i

Loan term for the financial product

up to 12 months
Your comment has been added
Error
Your complaint has been recorded
Invalid username or password
comment.alert.error-reg
Please log in to like/dislike
Invalid SMS code has been entered
All Money Mart’s reviews by november 2024
Leave feedback
1
Advantages
How's your name on it that's it
Disadvantages
Bad customer service they can never fix your problems. I've also been waiting 2 months for a deposit from the hotel to be refunded to my card and that's very common with them I wouldn't suggest this card to anyone use it as your last resort
Complain
Overall company rating
1.0
/ 5
1 reviews
Execution of an application
1.0
Support service
1.0
Mobile app
1.0
Service quality
1.0
Your satisfaction level
1.0
Similar companies
Simple Credit
2001 boul. Robert-Bourassa, suite 1700, Montréal (Québec) H3A 2A6
+1 (514) 904-40-28
Micro Click Loans
-
+1 (800) 933-09-60
Loonie Financial
1329-B Arena Road, Lot 110, Kahnawake Mohawk Territory Via:Quebec, Canada J0L 1B0
+1 (833) 423-22-08
Magik Cash
4180 Boul Henri-Bourassa E, Montreal, QC, H1H1L3
Prêt en ligne
-