How Can I Access Cash Advance?

  • Last updated on May 19, 2025 at 6:39 AM

How It Works

  1. Open a Monese Account – Sign up and start using Monese.

  2. 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.

  3. Eligibility Check – After meeting the criteria, SteadyPay will conduct your first eligibility check. If you qualify, a banner will appear in your Monese app notifying you of your eligibility. If you do not see the banner, you are not eligible and will be re-evaluated in three months.

  4. Receive Salary or Benefits – Ensure your salary or benefits (minimum £300 per month) are deposited into your Monese account for three consecutive months.

  5. 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.

  6. Increase Your Advance Limit – Once you’ve repaid your £50 cash advance twice, you may qualify for a £100 cash advance.

Important Notes

  • Cash Advance is powered by SteadyPay Ltd and is subject to eligibility and affordability checks conducted by SteadyPay.

  • Approval is not guaranteed – Monese cannot guarantee acceptance for Cash Advance payments.

  • Exclusions apply – If you have been recently declared bankrupt or have outstanding court judgments (such as CCJs), you will not be eligible for Cash Advance.