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 need a loan with bad credit and no bank account. Can you give me some ideas I stay in texas
Hello Carlisha,
Payday lenders tend to look beyond your credit score to focus on your ability to repay the loan successfully. Outside of repayment ability, payday lenders usually base their decisions on your age, state of residence, if you have a valid form of photo ID and if you’re an active member of the military. You also 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
Cheers,
Gru
I’m moving out of state I need$$$ for gas and for my apt and I need furniture is really appreciate a loan
Hi Karen,
Thanks for your question.
If you don’t have a bank account and are looking to apply for a debit card loan, you may compare your options above. Kindly provide your state of residence so you’ll see which lenders are available in your area.
Alternatively, if you have a bank account, this list of personal loans may meet your needs.
I hope this helps.
Cheers,
Anndy
Hi there! Thanks for visiting finder.com.
Our guide on payday loan connection services provides information about payday loans and comprehensive list of companies you can get in touch with to discuss your options and eligibility.
Hope this has helped.
Cheers,
Joel
I just need to borrow $300 for my daughters preschool. However I don’t have a bank account but I do have a prepaid debit card! I’m also unemployed at the moment but I do sell things online and receive child support so I would have no problem paying that little amount back
Hi Kristee,
Thank you for reaching out to us.
You’re on the right page for your concern. As finder is an online comparison service and is not a product issuer, it would be best to get in touch with a lender featured on this page as they will assess you based on your personal circumstances on your eligibility for a loan with them.
You can input your state of residence to check for available lenders and you may reach out to them directly by clicking on “Go to site”.
Before applying for a loan, please ensure that you meet the criteria and requirements of the loan option or lender and to read the details, as well as the relevant PDS/ T&Cs of the loan option before making a decision and consider whether the product or option is right for you.
I hope this helps.
Cheers!
Maria
I need apersanol loan for surgery
Hey Betsy,
Thank you for reaching out to us.
As Finder is an online comparison service and is not a product issuer, it would be best to get in touch with a lender featured on this page to discuss your eligibility or options.
Based on your purpose for a personal loan for surgery, you may find useful information on our page on Medical Loans.
Before applying for a loan, please ensure that you meet the eligibility criteria and requirements of the loan option or lender and to read the details, as well as the relevant PDS/ T&Cs of the loan option before making a decision and consider whether the product or option is right for you.
I hope this helps.
Cheers!
Maria