Cash App is a hugely popular financial services app that makes it quick and easy for users to send and receive payments. The app has been downloaded more than 100 million times from Google Play alone, so you might be wondering whether Cash App’s payment, banking and investing services are available in Canada.Is Cash App in Canada?No. Unfortunately, Cash App is not available in Canada. It’s only available in the US and the UK, but the good news is that there are several Cash app alternatives in Canada.Top Cash App alternatives in CanadaSimplii Financial: Cash App alternative in Canada
Simplii No Fee Chequing Account
Earn $500
Bonus Offer
$0
Monthly Account Fee
unlimited
Free Transactions
The Simplii No Fee Chequing Account does what it says on the tin. It supports unlimited day-to-day transactions (including e-Transfers) with no monthly fee or minimum balance requirement, and you get fee-free access to CIBC’s nationwide network of over 3,400 ATMs. And if you want overdraft protection, that can be added to your account for a small fee.
Unlimited purchases, bill payments and withdrawals
No monthly fee or minimum balance requirement
Backed by CIBC
Only pays a low interest rate
No branches
Not available in Quebec
Min. Age
18
Min. Age Teen Account
12
Account Fee
$0
Overdraft Fee
$4.97
ATM Out-of-Network Fee
$1.50
U.S. ATM Fee
$3
International ATM Fee
$3
EQ Bank: Cash App alternative in Canada
EQ Bank Personal Account
Earn 4.00% interest for 12 months
Bonus Offer
$0
Monthly Account Fee
unlimited
Free Transactions
EQ Bank’s Personal Account is a hybrid that combines the competitive interest rate of a savings account with the unlimited transactions of a chequing account. You can earn up to 4% interest if you get your pay deposited into the account, free e-Transfers are included, and you also get free ATM withdrawals at any ATM in Canada. And if you need to send fast payments like Cash App, you can send free Interac e-Transfers from your account.
No monthly fee or minimum balance requirement
Unlimited transactions
Earn up to 4% interest
Earn cash back with the EQ Bank Card
You need to meet terms and conditions to earn the maximum interest rate:No physical branches
Doesn’t offer cheques
Min. Age
18
Account Fee
$0
KOHO: Cash App alternative in Canada
KOHO Earn Interest
Up to 5.0%
Interest Rate
$0 – $19
Account Fee
$0
Transaction Fee
KOHO combines the interest-earning power of a savings account with the ability to earn cash back on purchases made with a reloadable prepaid Mastercard. You get a competitive savings interest rate of 5%, and the ability to earn up to 2% cash back on groceries, transportation, food, and drink depending on the plan you select.
Competitive savings interest rate
Pays cash back on your spending
Other perks like interest-free cash advances available
Highly rated mobile app
Doesn’t have its own ATM network
All plans have a monthly fee (can be waived on the entry-level plan)
You’ll need a $19/month plan to earn maximum cash back
Min. Age
18
Account Fee
$0
Transaction Fee
$0
Interac e-Transfer Fee
$0
NSF Fee
$0
Tangerine: Cash App alternative in Canada
Tangerine No-Fee Daily Chequing Account
Earn $250
Bonus Offer
$0
Monthly Account Fee
unlimited
Free Transactions
Tangerine’s no-fee chequing account is designed to make it easy to manage your day-to-day finances. There’s no monthly fee and no minimum balance requirement, while you also get access to 44,000 ATMs around the world through Scotiabank’s Global ATM Alliance. Free Interac e-Transfers are included too, and you get your first cheque book free with 50 cheques.
No ongoing fee or minimum balance requirement
Highly rated mobile app
Unlimited transactions
Fee-free ATM access
Only pays a very low rate of interest
No cash back
No physical branches if you need in-person service
Min. Age
16
Account Fee
$0
Overdraft Fee
$10
ATM Out-of-Network Fee
$1.50
International ATM Fee
$3
Neo Financial: Cash App alternative in Canada
Neo Everyday Account
N/A
Interest Rate
$0
Account Fee
$0
Transaction Fee
Neo Financial’s Everyday Account has no monthly fee and offers free day-to-day transactions. There’s no minimum balance required either, and the account comes with a prepaid Mastercard you can use in-store and online. You can earn up to 3% cash back on gas and groceries and 1% on other purchases, but the earn rate varies depending on the size of your account balance.
Get up to 3% cash back when you buy gas and groceries
Supports unlimited transactions
No monthly fee
CDIC insured
You’ll need a large balance to earn maximum cash back
No physical branches
Cash back is not unlimited
Min. Age
N/A
Account Fee
$0
Transaction Fee
$0
Interac e-Transfer Fee
$0
Wise: Cash App alternative in Canada
Wise Personal Account
N/A
Bonus Offer
$0
Monthly Account Fee
unlimited
Free Transactions
Wise made its name as a specialist money transfer service, but it also offers a popular multi-currency account that supports 40 different currencies. This no-monthly-fee account comes with a linked Wise debit card to use in 160 countries, and while fees apply when you send an international transfer from your account, Wise gives you the mid-market exchange rate for your transfer.
Send and spend money in 40 currencies
Get the mid-market rate when you convert currencies
Avoid foreign transaction fees
Manage your money via the user-friendly app or website
No physical branches
Limits to your number of fee-free ATM transactions
Fees when you send money
Min. Age
N/A
Account Fee
$0
What is Cash App?Cash App is a financial services app that is owned by Block and first launched in 2013 as Square Cash. It’s a peer-to-peer payment app that allows you to send and receive money to and from other Cash App users.Cash App provides a variety of other banking services, including a debit card and the ability to earn interest on your savings. Users can also invest in stocks or buy and sell Bitcoin through the app.How does Cash App work?Once users in eligible countries open a Cash App account, they can access the following features:Payments. Send and receive free, instant payments to other Cash App users or to an email address or phone number. In Canada, it’s easy to send fast payments from your bank account via Interac e-Transfer.Cash App Card. Use the debit card to pay for purchases in-store or online, plus get free ATM withdrawals when you get $300 or more direct deposited each month. Cash App Card alternatives in Canada include the EQ Bank Card, the KOHO Essential prepaid card and the Simplii Financial No-Fee Chequing Account debit card.Savings. Earn up to 4.50% interest on your savings with no fees or minimum balance requirements. In Canada, both the EQ Bank Personal Account and KOHO allow you to earn competitive interest on your savings.Stocks. Buy and sell stocks and ETFs commission-free with Cash App Investing. For Canadian alternatives, check out our guide to the best stock trading platforms.Cryptocurrency. Use the app to buy and sell Bitcoin and send or receive payments in Bitcoin. Learn about Canadian alternatives in our guide to the best crypto exchanges and apps.Taxes. Use Cash App to file your federal and state taxes with no fees.Does Cash App work in canada?If you’re a US or UK resident and you have a Cash App account, you might be wondering whether you can use the app to make payments in Canada. Unfortunately, the answer is no — Cash App doesn’t work in Canada. However, you can use your Cash App Cash Card to make international purchases in Canada and most other countries around the world.Can Canadians use Cash App?No, you cannot use Cash App if you’re a Canadian resident. You’ll need to be a US or UK resident to be eligible to open an account.Where can you download Cash App?Unfortunately, Canadians can’t download and use Cash App. But if you’re in the US or UK, you can download Cash App from the Apple App Store or Google Play.Cash app scamsWhen an app becomes as popular as Cash App, it also becomes a target for scammers looking to swindle unsuspecting users out of their money. Here are some of the common Cash App scams you may come across:Phishing. Scammers will pose as Cash App support and send you a professional-looking email asking you to confirm your login details.Fake goods. Scammers will offer you an attractive deal on expensive items like electronics, then once you transfer payment those items turn out to not exist.Money flipping. These scams start with the promise that if you transfer a small amount for an “investment”, they’ll turn it into a much larger amount.Fake app. Scammers might trick you into believing that Cash App is broken and you need to download a different version. This fake app then steals your login details, so you should only ever download an app from the Apple App Store or Google Play.There are several other common scams to be wary of, so make sure you can spot the common signs of a scam. It’s also a good idea for US and UK residents with access to the app to turn on any available in-built security features in the app.Is Cash App safe?Cash App is safe for US and UK residents to use, but users still need to be aware of scams. They can also take advantage of Cash App’s security and protection features, such as:Security Lock. Turn on this feature to require your face, fingerprint, or PIN to unlock the app and send a payment.Encryption. Your payment details are encrypted in Cash App.FDIC insurance. When you have a Cash App Card, deposits of up to $250,000 are covered by the Federal Deposit Insurance Corporation (FDIC).Notifications. Cash App will notify you if your PIN or security settings are changed.Suspicious activity monitoring. If you log in from a new device or want to send an international payment, Cash App will require you to confirm your identity.Why is Cash App not available in Canada?Cash App’s absence from the Canadian market may be down to the fact that there is already an alternative option. While Cash App is a popular choice in the US for sending fast and easy money transfers, in Canada most banks and credit unions support Interac e-Transfers.e-Transfers allow you to get money to your recipient almost instantly, and you can send them for free from many bank accounts. e-Transfers are also a safe payment method and due to their widespread availability, an easy choice for Canadian consumers.Cash App lending alternatives in CanadaCash App also has a Borrow feature that allows users to take out a short-term loan of up to $200. These loans are designed to provide a small amount of cash to help you cover unexpected expenses and financial emergencies.But while Cash App isn’t available in Canada, there are several alternatives you might want to check out. Learn more in our guide to loans and apps like Cash App in Canada.Bottom lineCash App isn’t available in Canada — but several competitive alternatives are. Compare accounts and apps that offer the features you need to find the best Cash App Canada alternatives.Frequently asked questions about Cash App in Canada
Does Canada have Cash App?
No, Canada does not have Cash App. If you want to send an instant transfer in Canada, you can do so from most chequing accounts via Interac e-Transfer. However, be aware that while many accounts don’t charge a fee for e-Transfers, some do.
What is the Canada Deposit Insurance Corporation (CDIC)?
The CDIC is a federal crown corporation that insures savings deposits at member institutions such as banks and credit unions. So if you deposit money with a CDIC member, up to $100,000 will be covered by the CDIC if the financial institution goes bust.
Is Cash App only for the USA?
No, Cash App is available in the UK as well as the USA.
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Tim Falk is a freelance writer for Finder. Over the course of his 15-year writing career, he has reported on a wide range of personal finance topics. Whether you’re investing in stocks and ETFs, comparing savings accounts or choosing a credit card, Tim wants to make it easier for you to understand. When he’s not staring at his computer, you can usually find him exploring the great outdoors. See full bio
