The Money in the Bank match was introduced at WrestleMania 21 in 2005 and it was annually held at WWE’s premier event until it became its own premium live event in 2010. For a few years, there were two men’s Money in the Bank matches until there became a sole men’s match.

The WWE's 2024 Money in the Bank went down on July 6, 2024, in Toronto, Ontario, Canada.

As touted by WWE in a press release, WWE Money in the Bank 2024 became the "highest-grossing WWE arena event in Canada in company history." This puts it ahead of recent smash successes in the Great White North like WWE Elimination Chamber 2023 and WWE SummerSlam 2019.