Direct deposit
Request approved and signed contract back before 11:30 a.m.: deposit the same day, between noon and midnight. After 11:30 a.m.: the next day.
Co-borrower service
Interac e-Transfer loans
How and when your money is sent.
- Choose Interac e-Transfer in your request: once you’re approved and the contract is signed, the money lands within the hour. An extra fee applies.
- Money911 is your co-borrower; a separate lender provides the loan.
Online form, then read-only bank verification. You read the lender’s contract before you sign.
Who does what
Money911 is a co-borrower, not the lender
- You
You apply online and choose Interac e-Transfer.
- Money911
We commit to the loan with you, as your co-borrower.
- The lender
A separate lender grants the loan and sends you the contract.
Your choice
Two ways to receive the money
Interac e-Transfer
Choose Interac e-Transfer in your request: once you’re approved and the contract is signed, the money lands within the hour. An extra fee applies.
Looking for a fast e-Transfer loan?
How long the transfer takes after you sign
No request is approved in advance: each one is reviewed for your ability to repay. What moves fast is the deposit, once your contract is signed.
- The online form is open anytime.
- The number and frequency of payments are set in the lender’s contract.
Your request, panel by panel
Choosing Interac e-Transfer in your request
Step 1
Fill in the online request
For the deposit method, choose Interac e-Transfer.
Step 2
Instant bank verification (IBV)
A read-only copy of your statement, never your username or password.
Step 3
Review of your request
Based on your ability to repay. Approval is not guaranteed.
Step 4
Contract signature, then deposit
Read the lender’s contract before you sign it. The deposit follows, using the method you chose in step 1.
Eligibility
Who can apply
- 18 or older
- Living in Canada
- A stable job
- Pay deposited into a Canadian bank account
- Net income of at least $1,500 a month
- No consumer proposal, debt consolidation or bankruptcy in the last 30 days, and none planned in the next 6 months
Instant bank verification (IBV) is part of every request. Self-employed? Your request is reviewed like an employee’s.
Income we don’t accept
- Support payments
- Student loans and bursaries
- Social Solidarity Program benefits (Québec) when net income is under $1,500 a month
Do you meet these criteria?
Online form, then read-only bank verification. You read the lender’s contract before you sign.
Read-only
Bank verification (IBV) and your privacy
Instant bank verification sends us a read-only copy of your statement. We never see your username or password.
The statement comes from your financial institution. Without this check, a request can be refused.
Before the deposit
What can slow a transfer down
Approval and signature come first
No deposit is made before your request is approved and the contract is signed.
Interac e-Transfer isn’t chosen
You choose it in your request. Without that choice, direct deposit and its 11:30 a.m. rule apply.
The signed contract comes back after 11:30 a.m.
With direct deposit, the money is then deposited the next day.
Interac e-Transfer
FAQ
Another question about Interac e-Transfer? Our team answers the phone.
Is there a fee for Interac e-Transfer?
Yes, an extra fee applies. Interac e-Transfer is an option: you choose it, or not, in your request.
Do you check my credit file?
We review each request for your ability to repay, using your bank statement sent read-only (IBV) and the information in your request.
How much does a loan cost?
The applicable terms are in the contract the lender sends you. Read it before you sign: no payment or advance is required at signing. A question? Call us.
Why a co-borrower?
A co-borrower commits to the loan with you, which lowers the lender’s risk. At Money911, that co-borrower is us. The loan itself comes from a separate lender.
Ready to send your request?
Money911 commits to the loan with you, with a separate lender. You apply online, in two steps.
Notice about the co-borrower service
Money911 offers a co-borrower service. The loan is granted by a separate lender. Each request is reviewed for the ability to repay; approval is not guaranteed. The applicable terms are set out in the contract the lender sends.