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.
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.
Need better loan terms? Check out how these alternatives outshine Crane Finance.
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Compare Speedy Cash short-term loans to nine other online and in-store lenders.
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Cash Central provides fast payday loans and makes it easier for returning customers. Learn about similar providers in your state.
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Check Into Cash gets you money fast with a low minimum. Read about other similar services.
Spotloan provides next day funding for installment loans when you need money fast. Find other providers with similar services.
Payday and installment loans with lower rates or a wider range of amounts with options for states CashNetUSA doesn’t serve.
Is it possible to have a personal or payday loan on a RushCard visa debit card without a checking or savings account??
Hi Gregory,
Thanks for your inquiry. Please note that we are not affiliated with any company we feature on our site and so we can only offer you general advice.
Generally, it’s still possible for you to get a loan if you only have a prepaid debit card. There are lenders that allow loan without bank account that you may be eligible for.
Keep in mind that these loans will most likely cost you more than the average personal loans so carefully read through the loan terms and conditions to see whether it’s right for you.
Best regards,
Rench
How long do I have to repay my debit card loan? I need 3 weeks to repay my loan. Can I get a loan for that amount of time?
Hi Loretta,
Thank you for your comment.
Some of the short term loan lenders may give you 7-30 days repayment term. However please do note that the repayment terms may also vary per lender per state. So it means that you may be able to get a loan and repay the loan within 3 weeks. You may contact the lenders above who offer short term loans.
I hope this helps.
Regards,
Jhezelyn
I live in Austin TX.. wondering if payday loans are available without bank account..
I’m disabled veteran and receive, disability pension, that’s loaded directly to my direct Express card….
Hi Tracy,
Thank you for contacting finder. We are a comparison website and general information service, we’re more than happy to offer general advice.
You are on the right page. If you’re approved, the lender will transfer your funds into your loan account. Online applicants will have to wait for the card to arrive in the mail, but once you have it, you’ll have access to your money whenever and wherever you need it. You may review and compare the offers available on the table. Once you have selected one, you may proceed by clicking the green “Go to Site” button.
I hope this helps.
Cheers,
Danielle
What companies actually provide debit prepaid loans
Hi Lisa,
Thanks for your inquiry.
Actually, the page above shows a comparison of lenders for you to see who would take a prepaid debit card to put your funds on.
It would be best to check the payday lending regulations by state to see if payday loans are available in your state before you apply.
Hope this information helps
Cheers,
Arnold
HAI SIR,HOW CAN I LOAN HERE.??
Hi Melvin,
Thanks for leaving a question on finder.
Depending on the lender, you’re often able to apply for a prepaid debit card loan online or in person.
To apply for a payday loan:
-You must be a US citizen or permanent resident.
-You must be at least 18 years old (or the age of majority in your state)
-You must be able to prove a steady source of income.
When applying, you typically must submit:
-Your name and personal contact information.
-Your Social Security number and date of birth.
-Government-issued ID, such as your driver’s license.
-Your employment status and income details.
You need to have an active bank account in your name — not just any bank account. Lenders typically check this before approving your application. If you don’t have a bank account, one of your options is applying for a small-dollar loan loaded on to a prepaid debit card.
If you have already chosen a company to go with, simply click on the GO TO SITE button next to their name so you can process your application. Please note that you need to choose your state of residence from the dropdown to verify if it is legal to get a payday loan from where you live.
Cheers,
Joel
I’m trying to apply for a loan but I don’t have a bank account or savings I jus get a paper check every 2 weeks & I make 1,500 to 1,620 every two weeks… What can I do to get a loan.. My credit is poor, is there anyone doing loans with the bank account & etc… I have everything else I need but no bank account
Hi Albert,
Thank you for your comment.
You can still apply for a loan even if you have poor credit and no bank account. Payday lenders focus on your ability to repay the loan successfully. You may want to apply for a no bank account loan. Please note that you need to meet the eligibility criteria before submitting an application.
I hope this helps.
Regards,
Jhezelyn