Moves Financial Reviews, Ratings And Fees March 2023

Based on 4
Customer Reviews
129 Spadina Ave Unit 200
Toronto, Ontario
M5V 2L3

Who Is Moves Financial

Over the last decade, the gig economy has exploded. This includes “gigs” ranging from rideshare drivers to freelance designers and general labourers. The gig economy has provided people everywhere with new opportunities to pursue their independence, achieve work-life balance, and earn good money while doing it.

But these opportunities come with their own challenges. Independent workers are responsible for buying and maintaining their own equipment and are not provided with the same financial security as salaried employees. This means there’s a level of financial uncertainty for gig workers today that can make the pursuit of independence seem daunting.

Overlooked or ineligible for products offered by traditional financial institutions, this rapidly expanding demographic needs modern financial products designed to support them on their paths to career fulfillment.

Where Moves Fits In

Moves is the first financial services platform specifically for independent “gig” workers. Without relying on outdated credit scores, their products are designed so that they can get to know their customers better over time and help them establish a new financial reputation. 

Using innovative financial technology, Moves offers up to $2,500 in low-interest loans (with no early repayment fees) to independent workers that traditional banks and credit scores disqualify from financial services. With Moves, you can apply with three short steps and save up to an estimated $600 compared to other financing. 

Moves Loan Application Process

  1. Submit an application. Moves’ easy to maneuver online application can be completed from the comfort of your home. As part of your application, you will need to connect your bank account to Plaid, a third-party service owned by Visa. This service will allow Moves to check out your banking transactions for the last 24 months. This is the information they will use to assess your application.
  2. Wait for approval. Once submitted their automated system will approve you within 15 minutes or it will flag your application for a manual review. Either way, you’ll have your response within one business day.
  3. Get funded. Once approved your funds will be automatically deposited into your bank via Pre-Authorized Debit, which you’ll agree to when you connect your bank account through Plaid.

Moves Financial FAQS

What type of workers can qualify with moves?

Moves specifically provides loans for gig workers who drive and deliver for the following platforms:
  •  DoorDash, 
  • FaceDrive
  • Foodora
  • Hiride
  • Instacart
  • Lyft
  • Skip the Dishes
  • Uber
  • Uber Eats
Moves also provides loans for freelancers who earn an income from:
  • Upwork
  • Hyr

Does Moves offer loans across Canada?

Moves currently offers loans for self-employed workers in Ontario, British Columbia, and Alberta.

Does Moves check credit and will applying for a loan with them affect my credit score?

No, Moves does not check the credit of their applicants and therefore apply for a loan from them will not affect your credit. Keep in mind though that Moves also does not report payments to the credit bureaus.

I don’t work for a rideshare company, can I still apply for a Moves loan?

Moves is currently only offering loans to consumers who earn income from rideshare, delivery, or freelance platforms.

Offered Services

scroll table
Loan Range
Rate & Terms
Product Details
Requirements & Documents

Personal Loan

$500 - $2,500
Interest Rate
15.65% AIR
Term (Months)
13 - 26
Funding Time
  • Within 1-3 business day
Funding Method
  • Automatically deposited into your bank account
Repayment Options
  • Automatic weekly payment from your bank account
  • Be a resident of Ontario, Alberta, or British Columbia
  • Have an active bank account
  • Have received income from a rideshare or food courier platform in the last 90 days
  • Other factors such as credit utilization, NSF charges and average balance also impact assessment
Product Details

E-Bike Financing

(Available only in Toronto)
  • Product: Amego Infinite Plus Step-Thru Space Grey S/M 26" Wheels
  • Cost: $2399 + HST
  • Financing: 0% AIR/APR (13 Week Term) or 5% AIR/APR (26 Week Term)
  • Terms: 13 or 26 weeks
  • Approval Time: Within 1-3 business day
  • If Approved: Pick up available exclusively at Amego Electric Vehicles 533 Richmond St W Suite, #203
  • Repayment Options: Automatic weekly payment from your bank account
  • Eligibility
    • You must live in Ontario (pick up in Toronto only)
    • You must have an active bank account
    • You must have received income from one of the above platforms in the last 90 days
    • Other factors such as your spending habits, non-sufficient fund charges, and average balance also impact our assessment.

Reviews & Ratings

See what others have to say about Moves Financial

Great experience, great service.

- Jeff (September 14, 2020)

Great trustworthy company helping gig workers!

- Francey (September 14, 2020)

Great for independent workers who are usually overlooked by banks.

- Aaron (September 14, 2020)

Very easy process to understand, and helpful team.

- Ramesh (September 14, 2020)


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Best Personal Loan Provider by Greedy Rates

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