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.
I have a prepaid debit card so how do I go by getting a payday loan funds loaded on my card and I need funds today
Hi Shanta,
Thank you for your comment.
Please refer to the details above on how to go about applying for a payday loan and receive it through a prepaid debit card and compare the lenders above that offer payday loan and make sure to meet the eligibility criteria before submitting an application. In addition to that, you also need to check if it’s available in your state.
Regards,
Jhezelyn
What’s your opinion if any Payday loan site for a person on SSDI that’s legit in the state of NJ
Hi Lisa,
Thank you for your inquiry.
Unfortunately, payday loans are prohibited in New Jersey, so I may not be able to provide you with a list of lenders for your options. Although that is the case, you may like to reconsider applying for an installment loan or short-term loan. Best to review the criteria of the loan and contact the lender to confirm your options and eligibility.
Cheers,
May
I have a prepaid check debit card .is there a pay day company that can just load funds on it ?? I need funds today
Hi Brian,
Thank you for your inquiry.
If you are looking for a lender that deposits the loan proceeds to your debit card, they are actually listed above. I would suggest that you review the criteria and contact the lender directly to discuss your options and eligibility.
Hope this helps.
Cheers,
May
How come it says you don’t need a bank account and after filling out so many loans at the end they ask for my account number and routing information I don’t understand
Hello Patricia,
You don’t need to have a bank account to get a payday loan. Your options may be limited, but you can find lenders willing to work with you.
You may also find this page helpful:
https://www.finder.com/no-bank-account-loans
Alternatively, you may contact the lenders directly so they may guide you.
Cheers,
Gru
Can I use a green dot prepaid card that I already have for a debit card loan
Hi Shane,
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. You may review and compare the lenders 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
I need a loan but they are asking for account number but my account number is my debit card number but they saying it’s wrong what do I do
Hello Cierra,
Thank you for reaching out to us.
Just to clarify, were you trying to sign up online or over the phone?
Depending on the bank, there really would be instances when the debit card or credit card number is exactly the same as your account number.
So if that would be the case, that should work for you.
However, just to be on the safe side, it would still be best if you contact your bank directly to clarify this.
You would also do well to check on your bank statement.
Hope this helps.
Cheers,
Gru