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.
6 alternatives to Grain Credit that may have lower rates and fees.
Find loans similar to CreditCube but with better rates, longer repayment terms and more flexibility.
Compare Speedy Cash short-term loans to nine other online and in-store lenders.
These providers offer similar loans to Advance America for quick cash.
Cash Central provides fast payday loans and makes it easier for returning customers. Learn about similar providers in your state.
Ace Cash Express provides quickly approved loans at more than 850 locations. Find similar services in your state.
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.
My question is which lender gives a payday loan onto a prepaid debit card I do not have a bank account I live in Las Vegas Nevada and I have a steady source of income what else do I need and how can I do this online or not thank you
Hi Julie,
Thank you for contacting finder. We are a comparison website and general information service, we’re more than happy to offer general advice.
Upon checking, CashCentral get approved funds loaded onto a Green Dot® prepaid card or your eligible prepaid card.
I hope this helps.
Cheers,
Danielle
Hi I’m on SSI I have the Direct Express master card that they issue when you are on SSI I have no checking or saving accounts I live in Las Vegas NV. and I have a valid ID and live at the same address for 5 years I am in Roseburg OR. I have had a emergency situation that has came up that I need to fly back to Las Vegas and I want to know to see getting a payday until November 1 2017 if you know any lenders out there that can help Thank You so much for your time
Hi Joey,
At present, the lenders on this page require a checking account to apply.
You may want to check out this page on Loan Options in Oregon.
Also, this page on How To Get A Loan When You’re on Welfare might be helpful.
Please note that Finder is an online comparison service and is not a product issuer, the approval of your application would depend on the lender’s assessment of your financial situation and ability to make loan repayments.
Best,
Maria
I’m on SSI and I need a loan. I just have a debit card from SSI and no checking account or saving account. Can you help me find a place to get loan?
Hi Charles,
Thank you for your comment.
You may refer to the list of lenders that may consider you for a loan even without a bank account. Generally, all you need to do is to meet the criteria set by the lender to have a high chance of getting your application approved.
Regards,
Jhezelyn
I have no bank account no checking account I receive SSA ssi monthly I have no credit good are bad in need of a under $1000 dollar loan question is which company in California Los Angeles is recommended
Hi Brandy,
Thanks for reaching out to us. Please note that we are not affiliated with any company we feature on our site and so we can only offer you general advice.
You can also have a look on this page and compare your options for payday loans if you have a bad credit.
Please click the name of your preferred lender to find out the details and the minimum eligibility. You may then click the green “Go to Site” button to submit your loan application online.
Best regards,
Rench
I need a loan. I have no standard checking or savings accounts. All I have is a prepaid debit card called account now. Can the loan be administered onto the account now card ?
Hi Louis,
Thank you for contacting finder. We are a comparison website and general information service, we’re more than happy to offer general advice.
That would depend on the lender, but any of the lenders presented on this page should be able to assist you. 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