There are a few lenders that can load a payday loan onto an existing debit card, and some lenders offer their own debit cards to fund. However, like other short-term loans, prepaid debit cards loans are best used as a last resort — they can come with rates that top 700% APR.
These lenders will load a payday loan onto a prepaid debit card that you can swipe at stores or online.
| Lender | Loan amount | Type of loan | Requirements | |
|---|---|---|---|---|
| Ace Cash Express | $100 to $1,500, varies by state | Payday loans and short-term installment loans | Steady source of income, checking or savings account, not currently in bankruptcy, ages 18+ | |
| Check Into Cash | $50 to $1,500, varies by state | Payday loan | Active bank account, government-issued photo ID, proof of income, most recent bank statement, checking account and bank routing number and Social Security Number or ITIN (for Indiana residents only) | |
| Speedy Cash | $50 to $3,000, varies by state | Payday loans and prepaid debit cards | Must be 18+ years old (19+ in AL) and have valid ID, proof of steady income, an open checking account and working phone number. | |
| Check N’ Go | $100 to $1,500 | Payday loans, installment loans and prepaid debit cards | Active bank account, regular income, US citizen or permanent resident, 18+ (varies by state) |
These can be a good alternative to payday loans with lower fees and more favorable terms and features, including the ability to use a debit card to access funds.
The Finder Score crunches 3+ types of short-term loans across 65+ lenders. It takes into account the product's interest rate, fees and features, as well as the type of loan eg investor, variable, fixed rate - this gives you a simple score out of 10.
To provide a Score, we compare like-for-like loans. So if you're comparing the best short-term loans for all credit types, you can see how each short-term loan stacks up against other short-term loans with the same borrower type, rate type and repayment type.
You apply for the loan, and if you’re approved, your lender transfers your funds into an eligible loan account and gives you your debit card either in person or by mail. From there, you may need to register the card in your name.
Because most prepaid cards are either Visa or Mastercard, you can use it at retailers or to pay bills. You may even be able to withdraw cash from an ATM, although this might come with extra fees.
It depends on the lender. Some may allow you to make payments with a prepaid debit card, but it could mean you pay an extra fee. Other lenders may only accept bank account transfers.
Keep in mind that cash is usually king — you may be able to withdraw money from your prepaid debit card and pay the lender directly.
Unfortunately, most lenders that offer prepaid debit card loans still require you to have a bank account. Check out our guide of no bank account lenders to see potential lending options.
Payday loans come with their own set of benefits and drawbacks.
Applying for a prepaid debit card payday loan is similar to other types of loans —- minus the credit check.
Debit card cash advances are not the same as a prepaid debit card loan. With some bank accounts, you can use your debit card to overdraw your account to access cash for an overdraft fee of around $34 per withdrawal. Some banks might also charge an extended overdraft fee of around $25 per week if your account is negative.
Since payday loans often cost around $15 per $100 borrowed, a debit card cash advance is generally more expensive. But once you top $300, it could cost you less — as long as you repay before the extension fees kick in.
Before you apply for a prepaid debit card payday loan, consider how you’ll repay it. Among the most notorious types of lending, payday loans often come with high fees. Late or missed payments can lead to additional fees and stiff penalties. And defaulting can result in a lower credit score and long-term damage to your overall credit.
Prepaid debit card payday loans are governed by state regulations that limit how much you can borrow and for how long. These laws are designed to protect you against predatory lending. Carefully review the terms and conditions of your specific loan, and ask questions about anything you don’t understand before signing any contract.
A prepaid debit card can be a convenient way to receive your payday loan, but it comes with the same risks and costs as any other short-term loan. Before you commit to a lender, learn more about how payday loans work to ensure they’re the right fit for you.
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A review of WithU Loans, a tribal lender that charges triple-digit APRs and has a pattern of complaints with the Better Business Bureau.
A review of Arrowhead Advance, a tribal lender that charges interest rates up to 830% and has numerous bad reviews.
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OppLoans features installment loans with varying repayment terms. Find other providers like them.
A review of OppLoans, a lender that offers personal loans up to $4,000 to borrowers with poor credit.
I need a 500 loan on my Netspend card. How do I get one fast?
Hi Brandy,
Thanks for your comment and I hope you are doing well.
To get started, go to the part of the page asking for your state. Enter your state and it will show the list of lenders in your area. You will find a table that compares the features and benefits of each lender such as max loan rate, interest and etc. This way it will be easier for you to see which provider fits you best. If you need further help, a quick guide on how to apply for a prepaid debit card loan is also stated on the page.
As a friendly reminder, carefully review the eligibility criteria of the loan before applying to increase your chances of approval. Read up on the terms and conditions and product disclosure statement and contact the bank should you need any clarifications about the policy.
Hope this helps and feel free to reach out to us again for further assistance.
Best,
Nikki
Hi. My lights just got shut off and I don’t get paid till next week thrusday morning. I was wonder can I get a loan. I just need 150$ and I’ll be able to pay it right back when my deposit it.
Hi James,
Thanks for getting in touch! Sorry to hear your electricity got cut off.
There is information on our page where it says “How to apply for a prepaid debit card loan” and you can read through that to know if you are eligible to apply for a loan. Note that the probability of you getting approved will depend on how you fit a lender’s eligibility criteria.
To get started comparing options for a lender, please go to the page that says “Personalize your loan options.” Enter the state you are in and you will find see a list of lenders available in your area. This table compares the features and benefits of each loan provider such as max loan rate, interest and etc. This way it will be easier for you to see which provider fits you best. If you need further help, an FAQ part is available below. As a friendly reminder, carefully review the eligibility criteria of the loan before applying to increase your chances of approval. Read up on the terms and conditions and product disclosure statement and contact the bank should you need any clarifications about the policy.
Hope this helps and feel free to reach out to us again for further assistance.
Best,
Nikki
I need a $1,000 loan and pay no more than $80/month because I am disabled and only get $20/week!!!!!
Hi Sashi,
Thanks for your comment. I’m sorry to hear about what you’re going through, I would feel the same way.
To get started on finding loan options, go to the part of the page saying “Compare more short-term loan options.” Enter you state and you will find the lenders listed. You will find a table that compares the features and benefits of each lender such as max loan rate, interest and etc. This way it will be easier for you to see which provider fits you best. If you need further help, a quick guide on how to apply for a prepaid debit card as stated on the page. As a friendly reminder, carefully review the eligibility criteria of the loan before applying to increase your chances of approval. Read up on the terms and conditions and product disclosure statement and contact the bank should you need any clarifications about the policy.
Hope this helps and feel free to reach out to us again for further assistance.
Best,
Nikki
Can you get a loan on a chime card?
Hi Shannon,
Thanks for getting in touch! With a prepaid debit card loan, your lender deposits your approved funds onto the card for immediate use. You can easily access your funds. To know if you can get a loan with a Chime card, you would need to contact the lender and see if they can accept Chime bank. It would be best to contact the customer service support of the lender directly for further assistance.
Hope this clarifies and we hope they find a quick resolution for you!
With care,
Nikki
I NEED TO GET CASH NOW ON A PREPAID CARD. WHERE SHOULD I TRY TO APPLY FOR A LOAN? I HAVE A EMERGENCY AND NEED THE MONEY.
Hi Mary,
Thanks for leaving a message on our page.
There is more than one way to get fast cash with a prepaid card.
1. Prepaid Debit Loans
2. Direct Lenders – These providers lend you money directly and service your loan payments — no middle-man.
3. Loan connection services – they help connect you with lenders willing to provide you the funds based on your preferences and the lenders’ criteria
Once your lender transfers your money to your card, you can use it to shop for groceries and more at stores, pay your bills online or over the phone, even withdraw cash at an ATM.
As a friendly reminder, carefully review the eligibility criteria of the loan before applying to increase your chances of approval. Read up on the terms and conditions and product disclosure statement and contact the bank should you need any clarifications about the policy.
Hope this was helpful. Don’t hesitate to message us back if you have more questions.
Best,
Nikki