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 have a prepaid visa netspend card. can I use it
Hi Stephanie!
Thanks for your message and for visiting finder.
You can use prepaid card as long as its a visa or mastercard.
Hope this helps!
Cheers,
Nikki
Hello I’m trying to see can I get a loan with low credit score I need help
Hi Laahawn,
Thanks for leaving a question on Finder.
Having poor or bad credit — one that’s below 580 — can make it more difficult to qualify for a personal loan, but not impossible. You might have to pay higher interest rates than other borrowers, and you’ll probably need to apply with a lender that looks at more than your credit score to qualify.
Please look through our guide to find the top online loans for bad credit borrowers.
Cheers,
Joel
I have a net spend card who is a good lender that will put money on my card an not have a bank account my checks r deposited on my card so I don’t need a bank
Can you put a loan on my green dot card iam in nebraska
Hi Christie,
Thanks for getting in touch with finder.
The answer to your question is yes. You can use your Green Dot Debit Card to receive your payday loan. However, Please note that we don’t represent any company we feature on our site and so you need to directly get in touch with them when applying for a loan.
On this page, you will see a table that allows you to conveniently compare your options. Once you find the right one for you, click on the “Go to site” green button to learn more or initiate your application.
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 have a prepaid walmart card that has my name on it can i get a payday loan on that without a banl account
Hi Bsoard,
Thank you for visiting finder.
For the Cash Central payday loan, the approved loan amount is credited to a Green Dot® prepaid card. With regards to Speedy Cash, they offer 3 types of Opt+® debit cards which are Monthly Card, Direct Deposit Card and Pay as You Go Card.
Unfortunately, Walmart Prepaid Card is not accepted by both Lenders.
I hope this helps.
Let us know if there is anything else that we may assist you with.
Cheers,
Ash
I get Social Security and my money gets deposited onto my card from the Social Security Administration can I get a payday loan without having a checking account only having that card that they put my check on to
Hi M Pinner,
Thanks for getting in touch with finder.
The answer to your question is yes. You can get a payday loan without having a checking account and by just having a prepaid debit card. Of course, you still need to check other requirements and eligibility criteria of each lender.
Feel free to explore your options using our table on this page. Compare your options and click on the “Go to site” green button to initiate your application.
I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.
Have a wonderful day!
Cheers,
Joshua
How can I get a payday loan without a bank account ?
Can I get a loan on my prepaid card cause I can’t get a traditional bank account or I was able to get an account with Varo online so can I get a loan deposited with them
Hi Lori,
Thanks for getting in touch with finder.
Yes, it is possible for you to get a loan on your prepaid card. As what this page suggests, you’ll find short-term lenders combining access to fast cash with the convenience of a prepaid debit card. These debit cards are typically branded with Visa or Mastercard, offering the flexibility to pay bills or swipe for necessities at retailers nationwide.
As for your options, please explore our table on this page. You’ll be able to conveniently compare your options by using our table. After deciding which lender you want to go with, just click on the “Go to site” green button to learn more.
I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.
Have a wonderful day!
Cheers,
Joshua
Hi RL,
Thank you for your inquiry.
The lenders that offer loans to people with no bank account are listed above. If you have a prepaid debit card, they can transfer the funds to your card once you are approved. You may further review the guide on how you can compare your options above. Then contact the lender directly to discuss your options and eligibility. If you also wish to visit their main page, just click on the green ‘Go to site’ button.
I hope this information has helped.
Cheers,
Harold