# IOUcash — Help a mate - ID-verified IOUs

> Peer-to-peer lending platform for friends to exchange money with automated payments. (iPhone/iPad app by IOU MONEY PTY LTD.)

- Source: https://appshunter.io/ios/app/ioucash/id1616775046 (this page in markdown: same URL + `.md`)
- Developer: [IOU MONEY PTY LTD](https://appshunter.io/developer/1616775048)
- Category: Finance, Business
- Price: Free
- Rating: 1.50/5 from 6 App Store ratings
- Age rating: 4+
- Requires: iOS 11.0 · 64 MB
- Languages: American English
- Released: 2022-08-21
- Data updated: 2026-06-10
- Monetization: free
- User reviews in markdown: https://appshunter.io/ios/app/ioucash/id1616775046/reviews.md

## What is IOUcash?

We want to help everyday Aussies do better with cash.   We have all been there, we need money, and we don’t want to go through the hassle of applying for a loan or going to a bank.  At IOUcash we have reinvented the IOU and have built a safe and reliable system that allows mates to help mates.  For loans between $200 and $2,000 this is a great solution to allow you to access cash quickly.  Whether paying bills, fixing your car, an unforeseen emergency or just helping you get through, with IOUcash borrowers benefit from an increased chance of getting an IOU and lenders benefit from peace-of-mind with automated payments.

62 day maximum repayment period.
No minimum repayment period.
Zero APR, no APR, zero interest, no interest rate as we only facilitate IOUs between known parties.
Example Scenario: If you borrow $400 from a mate via the IOUcash App for a $4.99 arrangement fee and add an optional $10 tip, then your total repayment will be $414.99.

## Key features

- Peer-to-peer lending between friends
- Loans from $200 to $2,000
- Automated payment system
- Zero APR and no interest
- Quick access to cash
- ID-verified IOUs


## Frequently asked questions about IOUcash

### What is the maximum repayment period for an IOU on IOUcash?

The maximum repayment period for an IOU facilitated through IOUcash is 62 days. There is no minimum repayment period, allowing for flexible repayment schedules between friends.

### Does IOUcash charge interest on loans?

No, IOUcash does not charge any interest (APR) on the loans exchanged between friends. The platform only facilitates the arrangement fee and any optional tips.

### What is the typical arrangement fee for IOUcash?

The example scenario shows a $4.99 arrangement fee for a $400 loan. This fee is part of the total repayment amount, in addition to any optional tip.

### What is the user sentiment for IOUcash?

IOUcash has a low rating of 1.5 stars from 6 ratings, indicating a generally negative user sentiment based on available data.

### What devices does IOUcash support?

IOUcash is available for iPhone and iPod devices. It is not currently listed as supporting Android devices.

### How often is IOUcash updated?

The latest version of IOUcash is 1.15.0, which was last updated on February 4, 2023. This suggests a relatively infrequent update cycle.

### What is the age rating for IOUcash?

IOUcash has an age rating of 4+, making it suitable for a wide range of users. This rating is based on content appropriateness.

## Version history (last 5 releases)

### 1.15.0 — 2023-02-04

change in create collection UI flow

### 1.14.2 — 2023-01-30

Minor changes in UI messaging and checks

### 1.14.1 — 2023-01-29

minor UI alignment fix

### 1.14.0 — 2023-01-29

new features

### 1.13.0 — 2023-01-28

bug fixes

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*Data collected daily from the US App Store and indexed by [AppsHunter](https://appshunter.io/). User reviews are verbatim App Store reviews. Ratings, prices and chart positions refresh continuously; this snapshot is from 2026-06-10.*