Moneytree Loans Review
10 Min Read
Reviewed by Latoria Williams 
In a Nutshell
Moneytree is a family-owned financial company that has been operating since 1983 as a direct lender, both online and in-store. It is licensed in five states and offers a classic set of short-term loans: payday, installment, title, and signature loans without a bank account. In addition to lending products, the company also provides check cashing services, Western Union transfers, and prepaid cards. Clients note the convenience and speed of receiving funds, but reviews often mention the high costs of Moneytree loans and complaints about service. Past regulatory actions have also raised concerns about the company’s compliance and reputation.
Pros:
- Online applications and branch locations are available
- Wide range of loans, including options without a bank account
- Fast funding with same-day cash or instant card deposits
- Extra services like check cashing, money transfers, and prepaid cards
Cons:
- Only available in five states
- Very high borrowing costs
- Mixed reputation with complaints about billing and fees
- Past CFPB action for misleading practices
- Not available to Military Lending Act borrowers
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What Is Moneytree?
Moneytree is a regional lender with 63 branches in five states: California, Colorado, Idaho, Nevada, and Washington. It also provides online lending services. The terms of its loans depend on the specific state. Customers can receive money in cash, via a debit card, or via a direct deposit into a bank account. The company’s website provides repayment calculations to help borrowers estimate total costs in advance.
In some states, Moneytree monitors loans through internal and external systems. The company doesn’t provide financing to military personnel and their families. Despite the brand’s wide recognition, its availability is limited to certain regions, and its products are primarily designed for short-term financial needs.
Moneytree Loans & Services Available
Moneytree provides a range of short-term loan options, such as payday loans, installment loans, title loans, and signature loans for people with no bank account. In addition to lending, the company offers money transfers, bill payment services, and prepaid debit card programs. Moneytree loan terms vary widely depending on the chosen product and the state in which you reside.
| Feature | Moneytree Loan Terms |
|---|---|
| Loan Amount | Short-term payday loans from Moneytree usually range from $50 to $1,000, installment loans come with amounts between $50 and $5,000, signature loans without a bank account go up to $1,000, and title loans can reach as high as $25,000. |
| Repayment Terms | Payday and title loans are typically designed for a term of 14 to 30 days, while installment loans are structured over several months to several years. |
| Collateral | Payday cash advance, installment, and signature loans are unsecured, while title loans are issued against a vehicle’s title as collateral. |
| Funding Time | Funds can be received in cash on the same day, via instant transfer to a debit card in approximately 30–45 minutes, or through an ACH bank transfer within 1–5 business days. |
| Cost | The cost varies by state and loan type: on average, $15 to $24 is charged per $100 for 14 days, resulting in APRs from approximately 126% on installment loans to over 400% on payday loans. |
| Requirements | Borrowers must be at least 18 years old and provide identification (SSN/ITIN/Alien Reg.), proof of income, address, and phone number. A bank account is usually required for payday and installment loans, while signature loans do not require one. |
How to Apply for a Loan and Get Approved at Moneytree
You can get a quick loan from Moneytree in a few simple steps:
- Visit the official website. Select the loan product you need, and the application form will open.
- Complete the application form. Provide your personal and financial details, contact information, and employment data. Attach documents for verification.
- Wait for a decision. The company may share information with credit bureaus, which could result in your application appearing on your credit report.
- Confirm your agreement. Review the loan terms carefully and sign the contract.
- Receive your funds. Money can be deposited within about 45 minutes to a debit card, transferred via ACH to your bank account within up to 5 business days, or issued in cash immediately at a branch.
Payment Options
Online payments can be made at www.moneytreeinc.com/payments. Telephone payments may be made by calling Moneytree Customer Service at 1-800-745-1011.
Is Moneytree Legit?
Moneytree has been operating since 1983 and remains a notable regional lender with a network of branches and online services. The company is licensed in five states and offers a wide range of financial services, including short-term loans, as well as additional products such as money transfers and prepaid cards.
At the same time, Moneytree’s reputation is mixed. In 2016, the Consumer Financial Protection Bureau (CFPB) filed an administrative action against the company for engaging in misleading advertising, sending collection letters, and making unauthorized withdrawals. According to the Better Business Bureau (BBB) website, the company holds an A- rating but is not accredited. Complaints frequently mention billing errors and payment issues. As of October 2025, the brand has only six reviews on Trustpilot, making it difficult to assess its reliability. Yelp ratings vary significantly from branch to branch.
Thus, Moneytree is a legitimate lender with a long history and verified state licenses, but its operations carry certain risks — from high borrowing costs to regulatory actions and customer complaints.
What Customers Are Saying About Moneytree
It is difficult to assess Moneytree’s reputation based on customer feedback — the overall picture remains mixed:
- On Trustpilot, the company’s profile is unclaimed, with only six reviews averaging about 3.7 out of 5. Some of these reviews are not even related to the lender but to a web casino with the same name. Due to the very small volume and inconsistent data, Trustpilot cannot be considered a reliable source of information about Moneytree.
- On Yelp, the brand’s average rating stands at around 3.8 out of 5 based on nearly 500 reviews. However, the feedback varies greatly depending on the specific branch — some locations receive 4–5 stars, while others are subject to sharp criticism.
- On the Better Business Bureau (BBB) website, Moneytree holds an A- rating, but is not accredited. Customer complaints often mention issues, such as misapplied payments and disputes over interest charges.
What Are Moneytree Loan Alternatives?
If Moneytree’s disadvantages seem more serious to you than its advantages, it might be worth considering alternative options:
| Company | Loan Amounts | APRs | Repayment Terms | Minimum Credit Score | Funding Times | Loan Availability |
|---|---|---|---|---|---|---|
| Moneytree | $100–$25,000 | 126%–400%+ | 14 days–12 months | None | Instant, same-day, or next-day funding | 5 states |
| Wise Loan | $200–$3,500 | 300%–799% | 4–12 months | None | Instant, same-day, or next-day funding | 9 states |
| LoanNow | $1,000–$5,000 | 29%–299% | 9–48 months | None | Instant, same-day, or next-day funding | 6 states |
| CashNetUSA | $100–$3,000 | ~229%–579% | ~4–9 months (line of credit is revolving) | None | Instant, same-day, or next-day funding | 12 states |
How to Verify the Legitimacy of a Lending Company?
When dealing with potential lenders in the United States, you need to review the following basic details to ensure their legitimacy and protect yourself from fraud:
- Contact information. A legitimate lender will always provide its contact details, including a legal address, a customer support phone number (often a toll-free hotline), and an email address. This information enables clients to contact the company directly with questions or concerns.
- License to operate. Lenders are required to hold a state-level license. You can verify this through the website of the state’s Department of Financial Services (for example, the California DFPI, Washington DFI, or Nevada Financial Institutions Division). A valid license confirms the company’s right to provide loans in your area.
- Official registries. Before applying, check the lender through official databases. For example, the NMLS Consumer Access website allows searches by company name or license number. If the company doesn’t appear in the database, that’s a major red flag.
- Regulatory authorities. If you have doubts, you can file a complaint with the CFPB, the FTC (Federal Trade Commission), as well as the BBB, where ratings and customer complaints are published.
- No upfront payments. Legitimate lenders do not require upfront fees “for processing” before signing an agreement. Payment is only possible after the loan has been received and includes both the loan amount and accrued interest.
- Transparency of terms. Reputable lenders clearly disclose all details upfront, including the total cost of the loan (APR), repayment terms, and late payment penalties. These disclosure requirements are outlined by the Truth in Lending Act (TILA).
- No need to open new accounts or cards. Legitimate lending companies do not force clients to open separate cards or accounts to receive a loan. If a lender insists on this condition, it should raise suspicion.
- Online platforms and safety. When searching for loans online, give preference to verified services. Avoid websites without licenses and transparent company information.
FAQ
What is the maximum loan amount?
The maximum amount you can borrow depends on the loan type and the state where you apply. Payday loans are usually limited to smaller sums, while installment and auto-equity loans can reach much higher amounts.
How fast can I get funds?
Money can be issued the same day in cash at a branch. Instant funding to a debit card typically takes 30–45 minutes, and ACH transfers to a bank account may take up to 5 business days.
Do they check credit or affect my score?
Moneytree may approve loans with no credit check. However, the company can also request information from credit bureaus, which could affect your credit score.
Can I repay early without fees?
Yes. Moneytree does not charge prepayment penalties, so you can close out your loan before the due date without extra costs.
What if I miss the due date?
Missing a payment may result in late fees, additional interest, and possible negative reporting to credit bureaus, which can affect your credit standing.
Can I get a Moneytree loan without a bank account?
Yes. Moneytree offers signature loans that do not require a bank account, although they usually come with smaller amounts of up to $1,000.
How can I reach Moneytree support?
Customer Service is available 24/7 by phone at 1-800-745-1011. You can also connect via live chat or send a secure message through the company’s website.
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