Cash App Canada: My 10+ Alternatives to Cash App in Canada

Gone are the days of struggling to send or receive money within or outside the country.

With the coming of mobile money transfer apps such as Cash App Canada, you can now make or receive money transfers with ease.

Since 2013, US and UK residents have been using Cash App as the cost-effective way of making money transfers and investing.

However, many Canadians are asking, is Cash App available in Canada? If not, what are the alternatives to Cash App in Canada?

Here I provide answers to these questions and lots of other related questions.

Overview of Square Cash App Canada

Cash App is a mobile-only digital wallet for making money transfers and investing.

The app was established in 2013 by Square Inc. in order to ease money transfers and investing among US and UK residents.

Cash App also has a debit card for making online and store purchases.

Additionally, Cash App provides an investment platform for investors interested in stocks and cryptocurrencies trading.

Like traditional bank accounts, a Cash App account also has a routing, account number and can be used to make a direct deposit.

As you continue reading, you will learn more about Square Cash App Canada.

How Does Cash App work?

This app works in a seamless manner. All you need is to download the app and sign up.

Upon providing all the required information, you can execute a transfer using the recipient username ($cashtag), phone number or by scanning their QR code.

Without wasting time, the money will be transferred to the recipient’s account instantly.

Currently, the Cash App supports only the US and UK. When a UK user transfers money to the US, it will automatically be converted to US dollars free of charge.

Similarly, the money will be converted to pounds for free when a US user transfers money to the UK.

Why is Cash App Unique?

The major thing that makes Cash App unique is its range of free perks and ease of ease.

Unlike other money transfer apps, Cash App doesn’t charge registration fees, transfer fees and ATM withdrawal fees.

Additionally, Cash App doesn’t have annual or monthly fees, making it cost-effective for making money transfers.

Without wasting your time, your transfer will be delivered instantly upon executing a money transfer on Cash App instead of taking several business days.

Furthermore, Cash App has an intuitive interface that makes it easy to use by all.

Cash App Key Features

Here are the key features of Cash App that also make it unique compared to other mobile money transfers apps out there:

1. Payments

You can use the Cash App to send or receive money from anyone within the US or UK. All you need is to enter the recipient username ($cashtag), phone number or scan their QR code.

2. Banking

Cash App allows you to receive direct deposits such as tax returns, paycheck speedily through your routing and account number.

3. Cash Card & Boost

Get instant discounts when you make a purchase using the Cash Card in stores or online. This card is free, and it’s customized to meet your buying needs.

4. Investing

If you’re interested in trading stocks or cryptocurrencies such as bitcoin, Cash App got you covered. With as little as $1, you can start trading stocks on Cash App.

Cash App Fees

As mentioned earlier, Cash App is unique because of its range of free offers. Below is Cash App’s range of service fees as of the time of writing this post:

  • No registration/holding account fees
  • Zero annual/monthly fees
  • Free money transfers
  • No charges for ATM withdrawals through Cash App VISA Card.

However, Cash App charge fees for banking services such as:

  • 5% charges for instant deposit
  • $2 ATM withdrawals
  • 3% charges for using credit cards to fund balance.

Is there Cash App in Canada?

As of the time of writing this post, Cash App is not yet available in Canada. This restriction also applies to most countries except the US and UK.

However, US and UK users can’t use it to make international transfers beyond the US and UK.

This implies that someone in Canada can’t use the Cash App to send or receive money at all.

However, all hope is not lost. As you continue reading, you find several alternatives to Cash App Canada.

Why is the Cash App Not Available in Canada?

Although there’s no official statement on why this great app is not available in Canada, however, it’s easy to see why.

Cash is not yet available in Canada because it’s designed to support only two countries at the moment, i.e., the US and UK.

Thus, once the app expands its coverage to Canada, Canadians can also use it to make cheap money transfers.

When will Cash App be Available in Canada?

As of the time of writing this post, there is no official statement from Cash App on expanding its services to Canada.

However, even though no one is sure of when the app will be available in Canada, it’s easy to see why there may be a delay.

There are currently numerous money transfer apps in Canada that are affordable and easy to use, like Cash App.

Furthermore, banking policies and regulations in Canada are so strict, making it difficult for foreign FinTech like Cash App to access the local transfer market easily.

Nevertheless, all hope is not lost about the coming of the Cash app in Canada.

But in the meantime, Canadians have several convenient alternatives, which I will discuss shortly.

Who Can Use Cash App?

As mentioned earlier, this app is only available in the US and UK. Hence, only the residents of these countries can use it.

However, not every US and UK resident may be eligible to use the Cash App.

In addition to being at least 18 years of age, the person must provide information such as their:

  • Email address
  • Date of birth
  • Mobile phone number
  • Social security number
  • Zipcode
  • Street address
  • Government-issued ID

Moreover, only US and UK residents looking for a cost-effective vehicle for money transfers and investment will find Cash App suitable.

How to Use Cash App in Canada?

At the moment, you can’t use this app to send or receive transfers in Canada. You can’t also use the app to trade stock or cryptocurrencies in Canada.

So whether on the Cash App website or by downloading the app, there’s nothing you can do with this app in Canada.

But if you’re looking to relocate to the US or UK shortly, you can download the Cash App in advance to get acquainted with the interface before becoming an eligible user.

How to Download Cash App in Canada?

Depending on the device you’re using, you can download the Cash App in Canada on Google Play Store or App Store.

However, it’s important to remember that you can’t use the Cash App for anything in Canada.

So you should consider downloading the app when you’re thinking of reallocating to either the US or UK.

Besides, you can’t download the app for fancy!

Cash App Canada Alternatives

Cash App vs Alternatives

Even though there’s no Cash App Canada at the moment, that’s not the end of the world.

Thankfully, there are several alternatives to Cash App Canada that meet several needs. Here are the major ones:

1. Wealthsimple Cash

Like Cash App, Wealthsimple Cash also allows you to make money transfers within Canada instantly and free.

Furthermore, you can also use Wealthsimple Cash to invest in stocks and cryptocurrencies like Cash App.

With no minimum account balance, you can use the Wealthsimple Cash app to make everyday purchases.

2. Wise (Formerly TransferWise)

If you’re looking for a low-cost alternative to send or receive money from Canada, this mobile money transfer app could be ideal.

This London-based mobile transfer app supports more than 70 countries and has more than 10 million users.

However, it may take up to 3 business days for your transfer to complete when sending money from Canada to wise.

3. World Remit

This is another great alternative to Cash App Canada that allows you to make transactions across 150 countries.

World Remit has no minimum transfer amount and provides several transfer options from mobile money, bank transfer and cash pickup etc.

Depending on the type of device you’re using, you can download the World Remit app on Google Play Store or App Store.

4. MoneyGram

This is another fastest means of sending and receiving money in Canada.

With a wide coverage across 200 countries and territories, MoneyGram gives you the flexibility of transferring money through various methods with speed.

Like Cash App Canada, MoneyGram is also available on Google Play Store or App Store.

5. World First

This app allows you to send or receive payments from Canada to different currencies and countries.

You can create single or multiple free accounts on World First and make speedy and seamless transactions.

Depending on your device, you can also download the World First app on Google Play Store or App Store.

6. PayPal

You can also send or receive money from Canada to different countries and currencies on PayPal.

PayPal doesn’t charge you for making transfers across Canada, but charges apply for international transfers.

To execute a transfer on PayPal, all you need is to open a PayPal account which is free and use the recipient’s email or phone number.

However, the recipient must also have a PayPal account to receive your funds.

Whether you’re using an iOS or Android device, you can download the PayPal app on App Store or Good Play Store.

7. OFX

Previously known as Canada Forex, this app allows you to make safe and speedy international money transfers in Canada.

The OFX app also enables you to send and monitor money transfers and add or modify current recipients.

Also, you can use this app to see current exchange rates and set alerts for rate changes.

The OFX app is available for both iOS and Android devices users.

8. Currency Fair

Currency Fair is ideal for quick and safe international money transfers free of hidden fees across over 150 currencies and over 150 countries.

You may exchange currencies and make money transfers instantly using the Currency Fair exchange rate.

Additionally, you may use the peer-to-peer marketplace to customize your rate.

This app is available for download on App Store or Google Play Store.

9. Remitly

This app is another Cash App Canada alternative that allows you to make quick, affordable and secure international money transfers in Canada.

You will be required to choose a delivery method for your money transfer based on the recipient’s location, including mobile money, cash pickup or other methods.

Like Cash App Canada, you can also download the Remitly app on Google Play Store or App Store.

10. XE

This app also enables safe and affordable international money transfers from Canada.

You can use XE to make money transfers in more than 50 currencies and across over 130 countries.

Furthermore, you can monitor all your transactions on XE and access live exchange rates.

The app is available for both Android and iOS device owners on Google Play Store and App Store.

11. Western Union

With this app, you can make international money transfers to over 200 countries and territories.

You can use the Western Union app to check exchange rates, monitor your transactions and locate the closest Western Union agent around you.

Western Union facilitates sending money overseas through different methods such as direct deposit and cash pickup.

Before executing a transfer on a Western Union app, you should know the costs associated with your transfer. This is because exchange rates and fees vary according to the type of transfer.

You can download the Western Union app on your Google Play Store or App Store.

What’s the Best App to Send and Receive Money Outside Canada?

From the above discussion of the Cash App Canada alternatives, it may be confusing to decide the best app for international money transfers outside Canada.

While you can’t make a wrong choice with any of the above Cash App Canada alternatives, you can make a cost-effective decision.

Based on my personal experience, Wise is my overall best App to send and receive money outside Canada.

However, if you’re more concerned about wide coverage, I will advise you to go with PayPal since it has wide coverage and affordable fees.

Moreover, you can open both a Wise and PayPal account to get the best exchange rate and affordable fees.

Final Thoughts

Yes, no Cash App Canada, but there are Cash App alternatives in Canada.

Depending on your needs, you may find Wise or PayPal or both as your alternatives to Cash App Canada for international money transfers.

But if you’re looking for a cost-effective investment platform, Wealthsimple Trade is seamless.

All the best!

Frequently Asked Questions

Is there Cash App Canada to US?

There is no Cash App Canada to US currently. The app is only available in the US and UK. So only US and UK users can use the app to make transactions.

Does Cash App Work in Canada?

No, Cash App doesn’t work in Canada at the moment. Consequently, you can’t use it to execute any transaction from Canada.

How to Get Cash App in Canada?

Depending on your operating device, you can get a Cash App in Canada by downloading it on Google Play Store or App Store. But remember, you can’t use it to do anything.

Does Canada Have Venmo or Cashapp?

No. There is no Venmo and Cash App in Canada at the moment. But Wise and PayPal are top alternatives to Venmo and Cash App in Canada.

Does Cash App Work Internationally?

No, Cash App is currently limited to the US and UK. No transaction can take place beyond these countries.

If you’ve more questions about Cash App Canada, don’t hesitate to let me know in the comment section.

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