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 Arrowhead Advance, a tribal lender that charges interest rates up to 830% and has numerous bad reviews.
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A review of Lendly personal loans, a lender offering fast cash to all credit types, but with steep APRs.
A review of Lendumo, a tribal lender that charges interest rates well into the triple digits.
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A review of Crane Finance, a tribal lender that charges outrageous interest rates and isn’t transparent about how much its loans cost.
OppLoans features installment loans with varying repayment terms. Find other providers like them.
A review of OppLoans, a lender that offers personal loans up to $4,000 to borrowers with poor credit.
I need 1000- 1200 ASAP. I do not have a bank account, only prepaid debit. I live in Indiana, I need the funds to avoid eviction.
Hello Sha,
Thank you for reaching out to us.
You may want to check with the lenders listed on this page. The lenders here can load a payday loan onto a prepaid debit card that you can swipe at stores or online.
You may also want to explore other payday loans in Indiana. Though you must clarify first with the lender if they have the option to have the loan amount transferred to your prepaid card.
Kindly review first the Lender’s eligibility requirements and the loan details before submitting your application. You can click on the green ‘Go to site’ button to be redirected to the lender’s website.
I hope this information helps.
Let us know if there is anything else that we may assist you with.
Cheers,
Ash
Do you give prepaid card or do I have to get one?
Hi Diana,
Thank you for reaching out to us.
If you apply for a Payday Loan, you might also be given the option to request a prepaid card wherein the approved funds will be deposited. It will be easier if you have a readily available prepaid card for faster deposit of the loan amount.
I hope this helps.
Let us know if there is anything else that we may assist you with.
Cheers,
Ash
I need a payday loan of 150.00 but have no bank account. Only a Netspend Visa account which my SSI check is automatically deposited on the 1st. How can I get a loan today deposited directly onto my card?
Hi Judy,
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. Getting a debit card loan will allow you to get fast access to a loan without the hassle of setting up a new account with a bank. 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
How Can I get a pre paid debit card loan?
Hi Jen,
Thank you for contacting finder. We are a comparison website and general information service, we’re more than happy to offer general advice.
If all of the requirements are met there are just a few steps to apply:
– Go online or in person to a lender
– Provide your name, date of birth, address and email address
– Show state-issued ID or enter the information if applying online
– Give details about your employment status and income
You may review and compare the offers available on the page. Once you have selected one, you may proceed by clicking the green “Go to Site” button.
I hope this helps.
Cheers,
Danielle
Hello my question is since i have a prepaid card can they put da money to my card
Hi Jami,
Thank you for reaching out to us.
Definitely, you have the option to have the approved loan amount to be directly deposited into your bank account. This will also allow you to receive the money faster rather than having a cheque issued.
You can also check lenders offering direct deposit short-term loans.
I hope this information helps.
Let us know if there is anything else that we may assist you with.
Cheers,
Ash
Is it possible to get loan with out bank account and just make monthly payments on what we agree on
Hi Yvonne,
Thanks for your inquiry.
If you do not have a bank account, but you need a loan, you may not qualify for many of the unsecured loan offers out there. Most of these offers are provided by banks. When it comes to loans without a bank account, a secured loan is a great option.
Please see our comparison between secured and unsecured loans. Another option is a collateral loan. Since collateral offers some security to the lender should the borrower fail to pay back the loan, loans that are secured by collateral typically have lower interest rates than unsecured loans.
Hope this information helped.
Cheers,
Arnold