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 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 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 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*).
We will let you know when you can take your next advance.
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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.
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 when you have over £25 in your account.
Borrow, better.
We’re here to help build your financial future, make sure you have all the facts.
Monese Cash Advance
Overdrafts
Payday Loans
When can I use it?
✓ Anytime, no need to wait until payday
✓ One-time approval, multiple use
× Available if approved by your bank
✓ One-time approval, multiple use
× Usually just for emergency situations
× Approval required for each loan
How much can I get?
✓ £50
× Depends on your bank account limits, it may not be available
✓ Typically £50 - £5,000
What are the fees?
✓ A transparent one-time flat fee, with no additional interest or hidden fees
× Charges add up each month with cca. 39.94% variable interest rates***
× High interest rate and late payment fees**
How does it impact my credit score?
✓ Soft credit check only, will not negatively affect credit score
✓ May improve your credit score with responsible use
× Hard credit check on application, can affect credit score
× Hard credit check on application, can affect credit score
What are the repayment terms?
✓ Repay automatically through the next qualifying deposit
× Must deposit to cover negative balance and avoid any fees
× Due by next payday, monthly interest and fees for late payments apply
What happens if I miss a repayment?
× Missed repayments may be reported to the major credit agencies, which can have a negative impact on your credit file.
× Missed repayments may be reported to the major credit agencies, which can have a negative impact on your credit file.
× Missed repayments may be reported to the major credit agencies, which can have a negative impact on your credit file.
**Payday loans APR comparison: Monese Cash Advance APR is fixed at 9.98%. PayDayUK.co.uk APR is 91% and up to 1,721% APR, Little-Loans.com APR is 79.5% and up to 1,721% APR and MoneyBoat.co.uk APR is 288.35% and up to 1,267.9%. Payday loans late fees: Monese Cash Advance has no late fees. PayDayUK.co.uk. Little-Loans.com and MoneyBoat.co.uk can charge a late payment fee of up to £15 in addition to the 0.79% daily interest capped at 100% of credit provided. Statistics from 26 March 2025.
***Overdraft APR comparison: Monese Cash Advance APR is fixed at 9.98%, equivalent to a one-time fee of £4.99 when you advance £50 for up to 90 days. Halifax APR is 39.90% variable for £100 in overdraft if approved, equivalent to £1.24 each month. NatWest APR is 39.49% variable for £50 in overdraft if approved, equivalent to a one-time £1.55 unpaid transaction fee + £1.43 each month, Santander APR is 39.94% variable for £50 in overdraft if approved, equivalent to £1.45 each month. Statistics from 26 March 2025.
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.