Bree and Nyble are two online platforms that are designed to help keep consumers out of the red when it comes to bill payments and overdraft fees. If you’re short a few dollars and can’t wait until your next paycheque to come in to cover your bills, Bree and Nyble make great alternatives to expensive payday loans.
Let’s look at Bree vs. Nyble to see how they compare.
Nyble vs. Bree Overview
| Nyble | Bree |
| $30 – $150 | $20 – $250 |
| – 0% interest – No late fees – Monthly subscription fees (optional) | – 0% interest – No late fees – Monthly subscription fees (optional) |
| N/A | Up to 61 days |
| – Be at least 18 years old – Be a Canadian resident – Have a positive bank balance – Have a chequing account that takes direct deposits – Have a valid phone number that can receive texts – Connect your bank account via Flinks for bank verification | – Have an active chequing account that accepts direct deposits from your employer – Have enough funds in your account – Have at least 2 paycheques deposited on consistent dates – Earn a steady income |
| All provinces and territories | All provinces and territories |
Nyble vs. Bree: What Do They Offer?
Both Nyble and Bree offer small, interest-free loan options. Their services are very similar, though there are some slight differences to note:
Nyble
Nyble is a great option when you need a few extra dollars to cover pressing bills or to avoid overdraft fees when you’re a bit short on funds. Nyble’s Cover feature includes a small line of credit that will provide you with access to up to $150. Qualifying for the credit line is easy and does not involve a credit check, so bad credit borrowers can apply as well.
You can pay back the funds when you can, and no interest is charged on the withdrawn amount. Once you’re approved, you’ll always have access to the credit line.
Nyble Features
- Credit amounts. Access between $30 to $150 to cover last-minute expenses or to avoid NSF charges.
- No credit check. Nyble won’t check your credit score as part of the application process, making this a great option for those with bad credit or no credit history.
- No interest. Borrow up to your credit limit without interest charges.
- No late fees. Pay the money you borrow whenever you can without incurring late charges.
- Can help build credit. Your payments will be reported to a credit bureau, which can help you build your credit history.
- Fast funding. Get access to your funds within 3 days, or upgrade your membership for a monthly fee to take advantage of instant funding.
- Availability. Nyble is available in all provinces and territories.
- Other financial products offered. You can use Nyble to check your credit score for free. Plus, Nyble rewards you when you practice good money habits.
Bree
Bree offers small, interest-free cash advances to help you cover urgent bills or avoid overdraft fees when your bank account is a bit short. You can borrow up to $250 after completing a simple online application. There’s no credit check involved and no interest charged on the funds you borrow.
Plus, you won’t be charged late fees. Just pay back the funds you borrow when you get paid.
Bree Features
- Credit amounts. Borrow from $20 to $250 to use for a variety of purposes, including covering your bills or avoiding NSF charges.
- No credit check. No credit check is involved in the application process. If you have bad credit or no credit history at all, you can still get approved.
- No interest. Withdraw up to your approved credit limit without interest charges.
- No late fees. Pay Bree back when you get paid and have enough money.
- Fast funding. Get your money within 2 days following approval, or upgrade for a small fee for instant access to cash.
- Availability. Bree is available in all provinces and territories.
- Educational tools. Bree offers a budgeting tool and weekly newsletter to help consumers better manage their finances.
Do You Qualify For Nyble Or Bree?
Eligibility criteria for Nyble and Bree are very similar:
Qualifying With Nyble
To qualify for a line of credit with Nyble, you must meet the following criteria:
- Be at least 18 years old
- Be a Canadian resident
- Have a positive bank balance
- Have a chequing account that takes direct deposits
- Have a valid phone number that can receive texts
- Connect your bank account via Flinks for bank verification
Qualifying With Bree
To qualify for a cash advance with Bree, you must meet the following criteria:
- Have an active chequing account that accepts direct deposits from your employer
- Have enough funds in your account (Nyble will review the last 2 months of transactions in your account to confirm your income)
- Have at least 2 paycheques deposited on consistent dates
- Earn a steady income
Are There Any Fees To Use Bree Or Nyble?
Both Nyble and Bree are free to use for the most part unless you choose to upgrade your service:
Nyble Fees
- Interest: 0%
- Late fees: None
- Prepayment penalties: None
- Optional fees:
- Express funding requires a monthly membership fee of $4.99, $7.99, or $11.99 (depending on membership type)
Bree Fees
- Interest: 0%
- Late fees: None
- Prepayment penalties: None
- Monthly fee: $2.99 for subscription service
- Optional fees:
- Tipping
- Express funding requires an “Express Fee”
How To Apply For A Loan With Nyble vs. Bree
Applying for a line of credit or cash advance with Nyble or Bree is quick and easy and can be done entirely online within a couple of minutes.
Applying With Nyble
To apply for a line of credit with Nyble, follow these steps:
Step 1. Create an account.
Choose “Money on Demand” to start accessing a line of credit. Enter your email address and choose a password to create an account.
Step 2. Provide your bank account information.
You’ll need to link your bank account with Nyble so it can be reviewed.
Step 3. Wait for approval.
Once approved, you’ll have access to your specified credit limit.
Step 4. Wait for your funds to be deposited.
Your approved funds will be deposited into your bank account within 30 minutes to 3 days, depending on the membership you choose (optional).
Step 5. Choose your repayment dates.
Your repayments will be automatically withdrawn from your account on the repayment date you select.
Applying With Bree
To apply for a cash advance with Bree, follow these steps:
Step 1. Create an account.
Click the “Sign Up” button at the top right corner of the Bree homepage. Enter your full name, then choose an email and password. Then, click “Sign Up”.
Step 2. Bree will verify your banking information.
Bree will want to ensure that your bank account is capable of accepting direct deposits and that there’s enough money for repayments.
Step 3. Choose your payment details
You’ll need to confirm your payment date and delivery speed. Standard cash delivery dates are free. If you want instant access to cash, you’ll need to upgrade your services for a small fee.
Step 4. Get your funds
Once you submit your application, you’ll receive a response regarding your eligibility. If you’re approved, you’ll get your cash advance via e-Transfer.
What Do Consumers Say About Nyble vs. Bree?
| Nyble | Bree | |
| Better Business Bureau (BBB) | N/A | N/A |
| Trustpilot | 4.8/5 stars | 4.6/5 stars |
| Google Reviews | N/A | N/A |
Final Thoughts
Bree and Nyble offer very similar services and features. If your goal is to get access to fast cash without having to resort to a payday loan, either option will work. Just be sure to have your finances in order before applying.
