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.
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A review of OppLoans, a lender that offers personal loans up to $4,000 to borrowers with poor credit.
I have a prepaid debit card with direct deposit. I do not have a regular checking account. However i am trying to get a payday loan. Can you help me?
Hello Yui,
As Finder is an online comparison service and is not an insurer, we do not represent any of the companies featured on our pages.
As of this writing, applying with the lenders featured on this page would require a checking account.
First, you may want to check if payday loans are available in your state. Then, it would be best to get in touch with the insurers in your area directly to see what they can offer based on your financial situation.
Best,
Maria
I don’t have a triditional bank account,I receive my pay by Visa debit card, will there be a problem receiving a payday loan
Hi Solita,
Thanks for contacting finder, a comparison website and general information service.
You can find lenders who approve loans for borrowers without a bank account. It means that with prepaid debit card loans, you can have the funds deposited onto the card.
On the page you’re viewing, we have a comparison of lenders for you to also see on who would take a prepaid debit card to put your funds on.
A gentle reminder – please check if payday loans are available in your state. On the page you’re viewing, please scroll down until you see the map. Then hover the mouse on your state to see the result.
I hope this helps.
Best regards,
Judith
Which direct lenders will take a prepaid debit card to put my funds on
Hello Chris,
Thanks for reaching out to Finder.
You can compare the lenders that offer prepaid debit card loans above. However, while these lenders will load loan funds onto a prepaid debit card, they still require you to have a bank account.
If you need a loan but only have a prepaid debit card, consider getting a loan from lenders that don’t require bank accounts instead.
Hope this helps.
Cheers,
Gru
Hi, can I still get a loan without a bank account and also I don’t know what my credit score is. I’m trying to get my own place but with a kid, I have to support that is kind of hard to do.
I am on SSI and I am my mother’s power of attorney cus she pays me into my account for helping her the last three years …do I qualify for a Payday loan
Hi Lori,
Thanks for contacting Finder, a comparison website and general information service.
You can as long as you meet the criteria of the lender. You may view our guide on how get a loan when you’re on welfare so you can see and review the types of loans you may be eligible for and how you can get them.
I hope this helps.
Best regards,
Judith
Hi Cassidy,
Thanks for reaching out to Finder.
While you may have limited loan options if you do not have a bank account, it is possible for you to find alternative loan services that could help you without the need for your local bank.
There are lenders that offer no bank account loans however, keep in mind that these loans will most likely cost you more than the average personal loans. Generally, you will have a better chance of getting approved for a loan if you are able to meet all the eligibility criteria and if you have a good credit rating.
If you don’t know what your credit score is, you can get your credit report from different credit bureaus.
Hope this helps.
Best regards,
Rench
Can I get a loan added to my derict Express card
Hi there!
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 company/service you are going to choose. 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