Flexibility, right when you need it most
Cash Advance lets you unlock £50 whenever you need it, no hidden fees or nasty interest rates. Available in the Monese app.
Get approved once, access again and again*
Once you meet eligibility, you can access Cash Advance whenever you need it*.
With no hidden fees, you can get the burst of cash you need, without scary compounding interest.
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Borrow £50, pay it back automatically later
Start spending your cash advance right away, and pay it back in your next qualifying deposit*.
Deposits of over £50, that leave you with £25 or more in your account, will qualify for automatic payment.
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Repay and repeat on the go
On time repayments will make you eligible to use Cash Advance again (plus it may help build your credit*).
You can borrow again as soon as your previous advance has been repaid.
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Cash Advance FAQs
Want to know more about Monese Cash Advance? We answer some common questions below. You can also find other FAQs and helpful articles in our Help Centre,or contact our 24-hour support team if you need anything else.
Open a prepaid Monese account, get your salary or benefits (minimum £300 a month) paid into your Monese account for 3 months and pay with Monese regularly to become eligible for Cash Advance. See more details here.
Yes, we charge 0% interest. When you access your £50 Cash Advance, you will only pay a flat fee of £4.99.
The Monese Cash Advance repayment is deducted from payments in to your Monese account (BACs transfers within 30 days of the advance or bank transfers between 3 and 30 days of the advance). If you borrowed £50 and have at least £25 in your account, any transfer of £50 or more will repay the advance.
If you would like to make an early manual repayment:
- Open the Monese mobile app, go to the"More" tab from the bottom navigation and select "Cash Advance", then tap "Pay now".
- if you don't have the Monese mobile app, please contact us.
No, applying for a Cash Advance does not impact your credit score, but timely repayment may have a positive affect on your score. Certain behaviours may have a negative affect on your credit score like missed repayments or unpaid credit.
The advance can be repaid at any time within 30 days of receiving it. After 30 days, if you borrowed £50, any transfer of £50 or more will repay the advance.
Missed repayments may be reported to the major credit agencies, which can have a negative impact on your credit file.
Yes, you can access Monese Cash Advance again as long as all payments are made on time and you meet the eligibility criteria.
Monese Cash Advance is a service provided by SteadyPay in partnership with Monese.
You don't need to have a good credit score to be eligible for Monese Cash Advance. A soft credit check may be conducted which does not affect your credit score. Terms and conditions apply. Please note: if you have negative factors on your credit report e.g. a bankruptcy, CCJs or IVAs, this product will not be available for you at this time.