Washington Payday Loans

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Welcome to Moneytree!

We know that having the information to make informed financial decisions is important. We invite you to learn more about the Moneytree Payday Loan available in Washington. 

What do i need to apply?

A payday loan is a short-term loan between today and your next payday. Apply Online or Find a Branch Near You!

As part of the short application process, you’ll need:
  1. ID and Social Security Number (or Alien Registration Number or ITIN)
  2. Source(s) of income (please provide written documentation)
  3. Address and Phone number(s)
  4. Open checking account
Due to limitations imposed by the Military Lending Act, Moneytree does not make loans to "covered borrowers," a term which includes active duty members of the military, their spouses and dependents. Learn More.

Washington law requires that you have not taken out more than eight (8) payday loans from a Washington-licensed payday lender during the prior 12-month period.


How do I Apply?

Moneytree offers two simple ways to apply for a payday loan:
  1. Visit a branch. Find your neighborhood Moneytree with our branch locator.
  2. Apply Online. After you apply, we’ll send an email within one hour with information about your loan status. Once approved, choose the amount you wish to borrow, a repayment date and how you’d like to receive your funds.
Steps to an online payday loan!

HOW DOES A PAYDAY LOAN WORK?

A payday loan is a short-term loan between today and your next payday. Moneytree qualifies you to borrow an amount based on your income, the information you provide on your loan application, your credit history with Moneytree, and consumer reports provided through a consumer reporting agency.

HOW MUCH DOES A PAYDAY LOAN COST?

A payday loan in Washington costs $15 per $100 borrowed up to $500, and $10 per $100 on the amount over $500. For example, the total amount due on a $100 loan for 14 days would be $115 and has an APR (annual percentage rate) of 391.07%.*

Veiw Sample Loan Fees

*The Annual Percentage Rate ("APR") is the cost of your loan expressed as a yearly rate. The actual APR for your loan may be higher or lower, depending on the actual amount you borrow and your actual repayment schedule. 

HOW FAST WILL I RECEIVE MY MONEY?

If you applied Online: After you’ve been approved, request the loan amount and choose how you’d like to receive your loan funds. You can have your funds instantly deposited onto the prepaid debit card you purchased at Moneytree, directly deposited into your checking account (between 1-3 business days from today), or pick up your funds at a branch immediately.

If you applied at a Branch: Once approved, you’ll walk out with the cash you need!

WHEN DO I NEED TO REPAY MY LOAN?

The term (length of the loan) is determined by the frequency of your paydays. If your next payday is within 9 days from the date you take out the loan, you can choose to repay your loan on the subsequent payday. In all cases, the minimum loan term is 8 days and the maximum loan term per Washington law is 45 days.

ALREADY A MONEYTREE BRANCH CUSTOMER?

If you're already a Moneytree branch customer, but have never applied online, it's quick to set up your online account and complete the application for an online loan. You get the same great service whether you apply online or at a Moneytree branch!

HOW DO I REPAY MY LOAN?

If you applied Online: An electronic withdrawal may be made from the account you provided to us on your loan application on the loan’s due date via ACH transaction. Payments may also be made using your debit card by visiting moneytreeinc.com/payments. Online payments can be made until 1 pm Pacific Time on the loan payment due date. Phone debit payments can be made until 2 pm Pacific Time prior to ACH deposits.

If you applied at a Branch: Depending on your preference, an ACH or paper check may be presented to your bank for payment on the loan’s due date. You can also make cash or debit card payments at any time prior to the deposit.

If you aren’t sure about your loan due date or the amount you owe, please call our Customer Service Team at: 877.613.6669 between 6am and 11pm Pacific Time, seven days a week (every day except Christmas Day).


Download Application


Customer Notice: A single payday advance is typically for two to four weeks. However, borrowers often use these loans over a period of months, which can be expensive. Payday advances are not recommended as long-term financial solutions.