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 Crane Finance, a tribal lender that charges outrageous interest rates and isn’t transparent about how much its loans cost.
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A review of OppLoans, a lender that offers personal loans up to $4,000 to borrowers with poor credit.
I have searched for a payday loan without a bank account. The ones that I thought would work require a bank account! I get paid from my employer weekly via a debit card. I want to find a payday loan company that will help me. Thank you kindly.
Hi Nancy,
Thanks for your inquiry.
I understand you need a debit card payday loan. The lenders that accept applicants without a bank account are listed above. Best to check each of the lender and see if they offer loans to people in your state. I also suggest to get in touch with them directly to confirm your options and eligibility.
Best regards,
Rench
Im on ssdi and I only have a debit card, my check is deposited on the 4th friday of every month. Do I qualify for a loan ?
Hi Deanna,
Thanks for your inquiry.
We do have a list of loans for pensioners. You may want to get in touch with the lender you are interested in, to discuss your eligibility given that you are on SSDI.
Hope this information helps
Cheers,
Arnold
I would like a debit payday loan. I need it to do Christmas shopping. This Christmas for us doesn’t look too good. My husband is a disabled vet. And he hasn’t started getting his disability yet. So it’s just me working.
Hi Pamela,
Thanks for reaching out to us. Please note that we are not affiliated with any company we feature on our site and so we can only offer you general advice.
If you need a loan but only have a prepaid debit card, there are lenders that allow loans without bank accounts that you may be eligible for.
You may still be approved for a payday loan even if you do not have a bank account as long as you meet the lender’s eligibility requirements. So please make sure that you check all the eligibility criteria and read through the Terms and Conditions before applying and making a decision on whether it is right for you.
Best regards,
Rench
Can I get a small payday loan with no bank account and my social security award letter?
Hi Lori,
Thanks for your inquiry. Please note that we are not affiliated with any company we feature on our site and so we can only offer you general advice.
Yes, it is still possible for your to get a loan if you do not have a bank account. There are lenders that allow loans without a bank account that you may be eligible to apply for.
Please check the terms and conditions before applying and making a decision on whether it is right for you.
Best regards,
Rench
I do not have a bank account only prepaid debit cards and recently lost my job and need a loan since it’s the holidays help me please what are my options. Desperate mother here.
Hi Danielle,
Thanks for reaching out to us. Please note that we are not affiliated with any company we feature on our site and so we can only offer you general advice.
There are lenders that offer loans to those unemployed, but you’ll need to be earning some form of income or have suitable income-earning assets to repay the loan. These lenders will access your banking history and financial documents to verify that you’ll be able to repay your loan so you need to have an active bank account.
If you do not have a bank account and you are looking into getting a loan, try applying with lenders that allow a loan without a bank account instead and see if they can consider you.
I hope this helps.
Best regards,
Rench