Loans without a bank account
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.
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.
We currently don't have that product, but here are others to consider:
How we picked theseThe Finder Score crunches 3+ types of short-term loans across 65+ lenders. It takes into account the product's interest rate, fees and features, as well as the type of loan eg investor, variable, fixed rate - this gives you a simple score out of 10.
To provide a Score, we compare like-for-like loans. So if you're comparing the best short-term loans for all credit types, you can see how each short-term loan stacks up against other short-term loans with the same borrower type, rate type and repayment type.
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.
A review of Advance America, a lender that offers payday loans, installment loans, lines of credit and title loans to borrowers with poor credit.
A review of Quick2Lend, a connection service that matches borrowers with installment loans up to $3,000.
Review of Cash Advance Now, a tribal lender that offers installment loans up to $1,500 with APRs of 600% or more.
Review of Chime Instant Loans, installment loans up to $500 at a flat rate.
Alternatives to Big Picture Loans, including other installment loans, personal loans and cash advance apps.
Think CreditFresh is your only option? These alternative lenders might change your mind.
Here’s what you need to know about Colorado payday loans. Are they legal? Compare online lenders who offer fast loans.
Review of Integra Credit installment loans, including APRs and requirements to qualify.
Flexible funding for minor expenses — but some important details aren’t available online.
Online installment loans are similar to a payday loan but often for higher amounts. They can give you quick access to the money you need, with predictable structured repayments and bad credit applicants are welcome.
Can I get a cash loan with a check from my bank
Hi Kayla,
Thanks for getting in touch with finder. I hope all is well with you. :)
Yes, that’s possible especially if you have a checking account. On this page, you will a table that allows you to conveniently compare your options. Once you found the right lender, click on its “Go to site” green button.
Please make sure that you’ve read the relevant T&Cs or PDS of the loan products before making a decision. Moreover, check the eligibility requirements as well and consider whether the product is right for you.
I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.
Have a wonderful day!
Cheers,
Joshua
I need a small loan till payday I don’t have a checking account but I get direct deposit with a local bank debit
Hi Patsy,
Thanks for getting in touch with finder. I hope all is well with you. :)
If you have a bank account, you may be qualified with the loans mentioned on this page. You can use our table to compare options. Once you find the right lender for you, click on the corresponding “Go to site” green button.
Please make sure that you’ve read the relevant T&Cs or PDS of the loan products before making a decision. Moreover, check the eligibility requirements as well and consider whether the product is right for you.
I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.
Have a wonderful day!
Cheers,
Joshua
Where can I get loan with a prepaid debit card only?
Hi Jimmy,
Thanks for leaving a question on finder.
You can get payday loan on a prepaid debit card by checking out the table above. Simply enter your state of residence and finder will automatically sort lenders specific to you. Once you have decided on the suited loan for your needs, you may click on the green ‘Go to site’ button to submit your application or know more about the loan offer.
Please send me a message if you need anything else. :)
Cheers,
Joel
What online loan companies can I use for bad credit no checking account only a debit card
Hi Cynthia,
Thank you for leaving a question.
You may want to review our article on “Bad credit and need a loan? You have options”. Depending on the state that you are in, there may be providers that have online applications where you get the results in minutes. Kindly review and compare your options on the table displaying the available providers. Once you have chosen a particular provider, you may then click on the “Go to site” button and you will be redirected to the provider’s website where you can proceed with the application or get in touch with their representatives for further inquiries you may have.
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. Hope this helps!
Cheers,
Reggie
How long does my checking account have yo be open to get a payday loan the same day in Wisconsin?
Hi David,
Thanks for reaching out to finder.
Generally, the checking account is a way for the lenders to verify your income and your permanent address however, there is no specific information on any duration requirement that the checking account should be open. You need to contact the lender directly for further information on this.
Hope this helps.
Cheers,
Charisse