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.
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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.
Where’s the links at to fill it out at? I have a money net work pre played planed will that work?
Hi EmAu,
Thank you for your inquiry.
You may be eligible for this loan as long as you can meet the required qualifications such as:
– Be a US citizen or permanent resident
– Live in a state that allows payday loans
– Meet the age requirements of the state you’re living in (usually 18-21)
– Have steady income
Please remember “requirements” may vary by your state of residence so be sure to conform with the company who offers the loan when you apply.
I hope this information has helped.
Cheers,
Harold
Can I apply with no credit
Hi Katie,
Thanks for your question.
You may compare no credit check payday loans.
Kindly review the eligibility criteria and the relevant terms and conditions of the loan before submitting your application.
Cheers,
Anndy
What prepaid cards can you use for payday loans?
Hi Diggs,
Thanks for your question.
Generally, you’ll be able to apply using any of the prepaid cards available. But to be sure, you may have to check the specific criteria of the lender in regards to the type of prepaid card they require. Also, kindly review the relevant terms and conditions of the loan before submitting your application.
Cheers,
Anndy
I only have 2 direct deposits on my checking account. I’ve been turned down by 2 loan places.but I have been depositing with check before then. Can u help me? Advise?
Hi Sharron,
Thank you for your inquiry.
While we don’t provide a specific product recommendation, we can help guide you through the process of comparing your options. You can check our personal loan page. On the page, is a comparison table you can use to see which lender suits you.
Once you have chosen a particular lender, you may then click on the “Go to site” button and you will be redirected to the lender’s website where you can proceed with your loan application or get in touch with their representatives for further assistance.
Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you. You can also contact the provider if you have specific questions.
I hope this information has helped.
Cheers,
Harold
I need a $500-1000 cash loan on to my direct express card
Hi Shelley,
Thanks for your question.
You may compare your loan options above. Kindly review the eligibility criteria and the relevant terms and conditions of the loan before submitting your application.
To submit your application, just click the “go to site” button on our page.
Cheers,
Anndy