Is Cash App Available in Canada? Here are 3 Alternatives

| November 19, 2022
✓ Verified by Vishesh Raisinghani

Cash App isn’t available anywhere in Canada.

The app is only available in the US and UK and can’t be used outside of these two countries.

Cash App is a popular peer to peer money transfer platform available in the US and UK.

The platform also offers investing capabilities.

  • Excellent alternative to Cash App for sending money
  • Secure & rapid transfers
  • Works well for personal and business needs
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Is Cash App Coming to Canada Soon?

Right now, Cash App doesn’t have any active plans to expand to Canada.

While that’s unfortunate, there are several alternatives to Cash App that are available to Canadians.

Best Cash App Alternatives

Wise

Summary

Wise is based in the US but is available in Canada and 80 other countries. It’s a fast-growing payments company known for low and transparent costs.

Pros

  • No markups on international exchange rates.
  • Available in dozens of countries.

Cons

  • Standard fees can add up.
  • There are faster and cheaper options for domestic transfers.
Cash App

 

Summary

Cash App is a popular mobile money transfer service available in the US and UK.

Pros

  • Basic services are all free.
  • Transfers are fast and easy to make.

Cons

  • Not available in Canada.
Wealthsimple Cash

Summary

Wealthsimple Cash is a payment/transfer app. It is used for mobile banking and transferring money in Canada.

Pros

  • High interest for deposited cash.
  • Easy-to-use.

Cons

  • Only available in Canada.
  • Lacks some typical account features.

1. Wise

Wise is a US-based international money transfer provider.

It is available in many countries, including Canada.

You can use Wise to send money from Canada to the US along with many other countries.

Users with more international transfer needs can use Wise for their international availability and many currencies.

Among international money transfer providers, Wise stands out for its transparency.

They don’t mark up currency conversion rates.

Wise is a fast service to use, making it comparable to Cash Appand other fast money transfer options.

Wise is worth considering as an alternative to Cash App, especially if you’re planning on sending money to other countries.

2. Wealthsimple Cash App

Wealthsimple offers its own cash app which operates as a money transfer service and mobile bank.

It’s a convenient app that makes it easier to quickly send money, split a bill, pay someone back, or whatever other kind of transaction you need.

Deposited money in a Wealthsimple Cash App account generates interest of 0.5%.

There are no minimum deposits and sending or receiving money is free.

Wealthsimple Cash App can be considered as a Canadian equivalent to Cash App.

It’s a Canadian service that is designed for Canada-to-Canada transfers.

3. Interac e-Transfer

Interac is a Canadian network that connects the many chartered banks in Canada.

It enables electronic transactions for other financial institutions as well.

For the average Canadian, they also offer e-transfers, a fast and (normally) free option for sending money.

The specific cost and transfer times of an e-transfer depend on the bank you send money from.

Some banks facilitate completely free e-transfers that are delivered in a matter of seconds.

Some other banks will charge a fee for an e-transfer.

Service times are also quite high with some banks and may take a couple of hours.

What is Cash App?

Cash App is an American app that functions as a small bank account and money transfer service.

In name, it’s a peer-to-peer money transfer service, meaning it’s meant for transfers between different users with their own accounts.

However, Cash App can also be used as a bank, and they offer a debit card for users.

Cash App has become increasingly popular for its convenience.

As people slowly shift away from carrying cash for all their purchases, Cash App offers a good balance between traditional banking services and modern, digital financial services.

One major draw to Cash App is that it makes sending money to family and friends very easy.

They don’t charge any fees for their basic services, which include:

  • Sending money
  • Receiving money
  • Foreign transactions

The platform also does not have any monthly fees, inactivity fees, and any of the other sneaky fees some money transfer companies charge.

Cash App open on phone

Frequently Asked Questions

  • What is the fastest payment transfer method in Canada?
  • Why is Cash App unavailable in Canada?
  • Cash App is not available internationally and is only available in the US and UK. The company has not announced plans to move into Canada.

  • Can I use Cash App to send money from the US to Canada?
  • No. Canadians cannot use Cash App, which makes transfers from the US to Canada impossible. You can only use Cash App to send money to other users within their peer-to-peer platform.


With a focus on business management and financing, Myles takes a proven approach to financial writing that's structured in a format to engage business owners and individuals struggling with debt and managerial challenges.

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