Choose a country
Canada
Choose a city
Choose a city
Choose a language
English
Select country
Choose a country
Canada
Canada
España
México
Philippines
United States
Việt nam
Казахстан
Россия
Україна
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.

Speedy Cash

Finanso.Multilogin™

About lender

Speedy Cash is a Canadian-owned and operated lender that offers payday loans, cheque cashing, online lending, child tax loans, pension loans, emergency loans, vacation loans, E-transfer loans, etc.

Founded in 1998, the company grew to 20 different locations across Canada, and it also has a virtual online store providing convenient 24-hour payday loans on the web.

Upon application completion, Speedy Cash customers receive their loans quickly within 24 hours, which is much faster than in a bank or another service.

Speedy Cash is located in British Columbia, Alberta, Saskatchewan, and Nova Scotia. The service is available from Monday to Saturday, and some points are also open on Sunday.

Pros and Cons

Before requesting a loan, you need to familiarize yourself with the pros and cons of the company's services to understand whether this service suits you or not.

Pros

  • No credit checks;

  • Wide range of loans to choose from;

  • The ability to get a loan right now without waiting long for the confirmation;

  • Strong privacy policy;

  • Online and in-store services.

Cons

  • A loan can only be taken if you are already 18 years old;

  • The service cooperates only with bank accounts that are associated with the Canadian Financial Institute;

  • Available only in the provinces of BC, AB, SK, NS, YK, NWT, and NU;

  • High APRs.

Upon getting acquainted with the advantages and disadvantages of Speedy Cash, one can conclude that this is a typical short-term lender that offers its advantages (such as speed and lax requirements) and weaknesses (high-interest rates).

Loan conditions

You have to register your personal account using the "Borrow now" button to apply for a loan. Then, it takes you to the Member Area, where you must fill in the form with your personal information.

You can borrow from $200 to $1.500, and your loan will be due on your next pay date. The APRs vary for the residents of different provinces:

  • Alberta: Speedy Cash charges $15 per $100 lent

  • British Columbia: the APR on a $300.00 loan for 14 days is 391.07% on a rate of $15 per $100 borrowed.

  • Saskatchewan: the APR on a $300 loan for 14 days is 443.21% on a rate of $17 per $100 borrowed.

  • Nova Scotia: the total cost of borrowing: $100 for 14 days is $19.00. Payday Loans are High-Cost Loans.

  • Yukon, Northwest Territories, and Nunavut: the APR on a $300.00 is 599.64 on a rate of $25 per $100 borrowed.

Methods of a loan funding

You can receive your money in three ways:

  • Electronic Email Money Transfer;

  • Direct Deposit into your bank account;

  • In cash at one of the stores.

Transfer times vary from 1 hour to the next business day. The decisive factor is the funding method you prefer. If you have not received your funds in two business days, don't hesitate to contact the Speedy Cash team or check directly with your bank.

FAQ

What is Speedy Cash?

Founded in 1998, payday lender Speedy Cash currently operates twenty branch locations across British Columbia, Alberta, Saskatchewan, Nova Scotia, and online 24/7. It provides different types of loans, such as payday loans, cheque cashing, online lending, child tax loans, pension loans, emergency loans, vacation loans, E-transfer loans, etc.

Who owns Speedy Cash?

The company proudly introduces itself as Canadian-owned. But unfortunately, no further open-access info on Speedy Cash owners can be found.

How do you qualify for Speedy Cash?

You must be at least 18 to qualify for Speedy Cash. In addition, you must have a bank account with the Canadian Financial Institute. Otherwise, you will not be approved for a loan. Furthermore, you should have no outstanding debt or due credit. Also, you must have a confirmed source of income, but at the same time, you do not need to have a permanent place of work.

How much can you borrow from Speedy Cash?

As a payday loan, Speedy Cash can lend from $200 to $1,500 on the following income types; employment income, employment insurance (EI), child tax benefit, and seniors pension. So when you qualify for our fast payday loans, you can expect to have your cash in hand the same day.

Is Speedy Cash a legitimate company?

The company has been operating for 15 years, and there is no indication that it is not legit. Its license number is 59868.

Company documents

Privacy Policy

Through our business, it is our mission to empower you with the ability to live your life the way you want, when you want!

© Speedy Cash

Financial products

Speedy Cash
Payday 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
$200-$1,500
Rate
i

Effective interest rate on the product

up to 599.64%
Term
i

Loan term for the financial product

up to 14 days

Similar products

Borrowell
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

up to 39.99%
Term
i

Loan term for the financial product

up to 84 months
Refresh Financial
Credit builder 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
$1,250-$10,000
Rate
i

Effective interest rate on the product

up to 19.99%
Term
i

Loan term for the financial product

up to 60 months
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
Money Mart
Cash advance
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-$1,500
Rate
i

Effective interest rate on the product

up to 575%
Term
i

Loan term for the financial product

up to 62 days
iCash
Payday 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
100$ - 1500$
Rate
i

Effective interest rate on the product

15% - 23%
Term
i

Loan term for the financial product

7 - 62 days

Calculate loan payments in Speedy Cash

Speedy Cash calculator will allow you to calculate an approximate payment schedule for the loan

Loan amount
i

Enter the desired loan amount

CAD
CAD
USD
200 $
1500 $
Loan term
i

Specify the loan term for the calculation

days
months
1
14

What to pay attention to when applying for a loan from Speedy Cash

  1. The company must have a license if it runs business in Alberta, British Columbia, Manitoba, Ontario and Quebec.
  2. You can check the availability of the relevant license (copy) at the branch of the lending company.
  3. Membership in a self-regulatory organization (SRO) is an additional guarantee of the reliability of the lending company. This information can also be checked at the company's branch or on its official website.
  4. Availability of lending policies.
  5. The procedure for applying for a loan.
  6. The procedure for concluding the loan agreement and receiving the payment schedule.
  7. Other conditions for granting loans.

We recommend

  1. To check out the interest rates and frequency. 
  2. Check the availability of individual terms in the loan agreement (principal amount, term, date of advance, etc.).
  3. Check whether the loan agreement contains information about the total cost of borrowing.
  4. Take time to think – you can change your mind before agreeing or signing a loan agreement.
  5. Speed of loan processing.
  6. Accessibility – alternative lenders often operate where there are no bank branches.
  7. For the borrower - high interest on the loan.
  8. For an investor, the safety of funds is not guaranteed by the state.

What distinguishes Speedy Cash from banks:

  1. Simplicity - loan processing is less formalized than in a bank.
  2. Fast loan processing.
  3. Accessibility.
  4. For the borrower - high interest on the loan.
  5. For an investor, the safety of funds is not guaranteed by the state.
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 Speedy Cash’s reviews by October 2022
Leave feedback

Similar companies

Goeasy
33 City Centre Dr #510, Mississauga, ON L5B 2N5
1 844 446 3279
Kingcash
TD Canada Trust Tower, 161 Bay St. 27th Floor, Toronto, ON M5J 2S1
1-844-895-8808
Auto Loan Solutions
3200 Bloor Street West Toronto, ON M8X 1E1
1-800-610-2391
Driven
License No. 6482091
130 Adelaide St W, Suite 3100, Toronto, Ontario, Canada, M5H 3P5.
1-866-889-9412
Symple Loans
161 Bay Street, Suite 2700 Toronto, ON, M5J 2S1
1-888-479-2292