Frequently Asked Questions:
What do I need for a payday loan?
Your most recent paystub, a recent bank statement –
usually a print out of your recent activity, either a
cheque from your account or a pre authorized payment
form, and a current utility bill or anything else that
comes to you in the mail.
Do you have title loans and what are the
requirements?
Yes we do. Requirements are you must own your own
vehicle (not leased and no outstanding loans on it),
must be less than 8 years old, and must have vehicle
insurance including collision and comprehensive
coverage. You must have a steady income.
What do you need to cash a cheque?
All you need is your picture ID and the cheque, and
you get fast, friendly service and the choice between
cash in your pocket or a no monthly fee debit card.
Members cash cheques at discounted rates, see Membership
for details. All cheques are subject to approval via our
computer system. When you come to our store for the
first time we may call the maker of the cheque to
confirm authenticity. On very large cheques we may have
to let the cheque clear before issuing the cash.
What is the difference between having an account
and being a member?
Members pay an annual fee of $35.00 to obtain reduced
fees as well as other benefits.
What is a notice of cancellation?
A form used under legislation that allows you 48
hours to cancel the contract and have no fees.
Are the cheque cashing fees an income tax
write-off?
Yes, if you own a business and are cashing a business
cheque.
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Membership Program:
By joining as a member of Money Stop and using our
partnership discounts you can reduce your loan fees,
etc. significantly. The more often you use your card the
more $$ you save.
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