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.
4.7
by 74,000+ reviews
* Terms and eligibility criteria apply. Subject to ongoing suitability checks. Eligibility contingent on 3+ months consistent use.
9.98% Representative APR: Example: Advance issued: £50. Interest: 0%. Transaction fee: £4.99. Repayment period: 12 months. Total amount paid: £54.99.
Cash Advance is powered by SteadyPay.
Get the cash you need, when you need it:
Get approved once, access anytime*
Once you meet eligibility, you can access Cash Advance whenever you need it*.
With transparent pricing, you can get an advance without spiralling interest rates.
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Borrow £50, pay it back automatically later
Start spending your cash advance right away, and pay it back in 30 days with your next qualifying deposit*. Deposits of £50 or more will qualify for automatic payment.
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Repay on time and unlock more
Repay your advance within 30 days. On-time repayments keep you eligible for future advances and can help you unlock up to £200 over time. We'll let you know when your next advance is ready.
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*Terms and eligibility criteria apply. Subject to ongoing suitability checks. Cash Advance is powered by SteadyPay.
9.98% Representative APR: Example: Advance issued: £50. Interest: 0%. Transaction fee: £4.99. Repayment period: 12 months. Total amount paid: £54.99.
9.99% Representative APR: Example: Advance issued: £100. Interest: 0%. Transaction fee: £9.99. Repayment period: 12 months. Total amount paid: £109.99.
47.2% Representative APR: Example: Advance issued: £200. Interest: 0%. Transaction fee: £19.99. Repayment period: months. amount paid: £219.99.
If you miss your repayment, SteadyPay may have to report it to the major credit agencies, which can have a negative impact on your credit file.
Qualifying deposit is a transfer to your Monese account of £50 or more.
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.
With Cash Advance, you only pay the initial fee, meaning you don't need to worry about spiralling interest after you borrow, and you always know how much you owe.
The cash advance must be repaid within 30 days of the date it was issued. The Monese Cash Advance repayment is deducted from payments in to your Monese account (any bank transfers in between 3 and 30 days of the advance). If you borrowed £50, any transfer of £50 or more will repay the advance. If you borrowed £100, any transfer of £100 or more will repay the advance. If you borrowed £200, any transfer of £200 or more will repay the advance.
If you would like to make an early manual repayment:
- Open the Monese mobile app, go to the"Credit" tab, "Cash Advance" and then tap "Pay now".
- if you don't have the Monese mobile app, please contact us.
You may qualify for a £100 advance after you successfully repaid two £50 advances. Eligibility criteria applies.
You may qualify for a £200 advance after you successfully repaid two £100 advances. 90 days must have passed since the first £50 advance was taken. Eligibility criteria applies.
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.
If you miss your repayment, SteadyPay will have to report it 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.