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Moneytree Review

Moneytree is a direct lender that offers both online payday loans and in-store services. This lender operates in Nevada and has physical locations in Las Vegas. In addition to payday loans, it offers other services, including check cashing and bill pay.

Applying for a payday loan online or in store at one of Moneytree’s Las Vegas branches is a relatively simple process. To apply, you must provide your address and phone number, sources of income, a valid ID, and Social Security number or alien registration number. You must also provide your checking account information. If you use the online portal, you can apply for a 24-hour payday loan, which is processed the following business day. The Military Lending Act prevents Moneytree, as well as other payday lenders, from offering loans to active-duty military or their direct dependents.

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Once your payday loan is approved, you can select the amount you wish to borrow and receive your funds. Before Moneytree provides your loan, it confirms the full amount you have to payback, including your loan amount and total fees. Since this information is provided upfront, there are no additional fees when your loan comes due, as long as you pay it back in full on time.

If you apply for a payday loan online, you receive your money through direct deposit. On the other hand, if you apply in person, you can request the money in cash or on a prepaid debit card.

In addition to offering payday loans, Moneytree’s Las Vegas branches offer services like bill pay, check cashing, money wiring, payment reminders and prepaid cards. You can choose a prepaid card that works much like a debit card, and you can set up direct deposits toward it and pay bills with it.

Though payday loans seem like a quick fix if you are short on cash, they can be expensive and cause more financial burdens than they solve. For example, if you fail to pay back your loan in full, you may have to roll it over, which leads to numerous fees on top of your existing payment. We recommend exploring other options like a loan through a local credit union. If you need help with financial management, seek help from a financial counselor.

Moneytree offers online payday loans and in-store payday loans in Las Vegas, Nevada. It also offers other services like bill pay and money wiring.

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