What is Cash Advance, and How Does It Work?

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When unexpected expenses arise before payday, Monese is here to help!
If you're in the UK, you may be eligible for an instant advance of up to £100 directly into your Monese account—without a hard credit check. While a soft credit check may be conducted, this will not impact your credit score.
Important Note: Cash Advance is powered by SteadyPay Ltd and is subject to eligibility and affordability checks conducted by SteadyPay. Monese cannot guarantee approval for Cash Advance payments.
How It Works
Open a Monese Account – Sign up and start using Monese.
Meet the Eligibility Criteria:
Deposit at least £300 per month for three consecutive months.
Use your Monese card regularly for everyday spending to improve your chances of approval.
Undergo an Eligibility Check – SteadyPay will conduct your first eligibility check after meeting the criteria. If you qualify, a banner will appear in your Monese app notifying you of your eligibility. If you do not see this banner, you are not eligible and will be re-evaluated in three months.
Receive Your Salary or Benefits – Ensure your salary or benefits (minimum £300 per month) are deposited into your Monese account for three consecutive months.
Unlock Your £50 Advance – After three months of income payments, you may become eligible for a £50 cash advance. We’ll notify you when you qualify.
Increase Your Advance Limit – Once you’ve repaid your £50 cash advance twice, you may qualify for a £100 cash advance.
Note: Cash Advance is provided by our partner SteadyPay Ltd and is not linked to your employer.