Borrow money and have it loaded onto a debit card, not your bank account.
Sometimes it’s the little things that prevent you from getting a leg up in a financial emergency. When you’re looking for a little cash to bridge the gap between paydays, not having a valid bank account for direct deposit could prevent you from getting a loan.
But that trend is changing. Today, 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.
Here’s what to know about prepaid debit cards that can help you access your loan funds without a bank account or strong credit.
Two top debit card lenders: How do they compare?
 |  | |
|---|---|---|
| How does it work? | Approved loan funds are loaded onto a Green Dot® prepaid card or another eligible prepaid card. | Approved funds loaded onto an ACE Elite™ Visa® Prepaid Debit Card. |
| How much can I borrow? | $300 to $5,000, depending on your state of residence. | Varies by state |
| Where is it available? | AL, AK, CA, CT, DE, FL, HI, ID, KS, LA, MD, MN, MS, MO, NV, NM, ND, OH, OK, RI, SC, TN, TX, UT, WA, WY | AL, AK, AR, CA, CO, DE, FL, HI, ID, IL, IN, KS, LA, ME, MI, MN, MO, MS, NM, NV, OH, OK, OR, RI, SC, TN, TX, VA, WA, WY |
| What do I need to apply? | Must be 18+ years old and have a Social Security number, verifiable income, valid checking account and current phone number. | Must be 18+ years old, have a steady source of income and a checking or savings account. Must not be a debtor in bankruptcy. |
| How fast can I get funding? | 1–2 business days for first-time customers, quicker for returning customers | Generally receive the money the next business day, add 7–10 business days to receive debit card in the mail |
Read our review | Read our review |
What's in this guide?
Skip to…How does a prepaid debit card loan work?
With a prepaid debit card loan, you apply for your short-term loan either online or in a store. If you’re approved, your lender transfers your approved funds into an eligible loan account. It then registers a prepaid debit card with that account, either handing it to you in person or mailing it to your home.
You’ll typically need to register the card in your name, either in person, by phone or online. Because most prepaid cards are either Visa or Mastercard, you can then begin using your card as you would any other type of credit card. Use it at retailers, utilities or even ATMs to withdraw your cash — wherever and whenever you need it.
Can I reuse the prepaid card for another loan?
Yes. If you need a loan in the future, you’re often able to receive your funds on the same card for a fee, sometimes even with a different lender.
And you’re not limited to receiving only payday loans to your debit card. You can often set it up to receive direct deposits, providing quick access to your paycheck, government benefits or tax refunds.
Compare more short-term loan options
Top 6 reasons to consider a prepaid debit card payday loan
A prepaid debit card offers the flexibility to discreetly spend your payday loan funds anywhere your card is accepted. Here’s what we consider the top six reasons you might benefit from this type of loan:
- You don’t always need a bank account. With a prepaid debit card loan, your lender deposits your approved funds onto the card for immediate use.
- You can easily access your funds. Once your lender transfers your money to your card, you can use it to shop for groceries and more at stores, pay your bills online or over the phone, even withdraw cash at an ATM.
- You can set up your card for other deposits. Most prepaid cards can receive direct deposits, offering a way to quickly access to your paycheck, tax refunds and government benefits.
- You could earn rewards with the right card. Some prepaid card providers allow you to earn cash rewards with your spending.
- You can choose from multiple lenders. If you live in a state where payday loans are legal, you’ll find lenders to choose from. Compare the ease of applying and turnaround to find the best option for your needs.
- You can use your money however you’d like. What you do with the loan is up to you. Use it for car repairs, forgotten bills or to get by until payday.
What are the benefits and drawbacks to consider?
How a prepaid debit card can help
- No bank account required. You’ll find lenders that approve loans for borrowers who don’t have a bank account.
- Poor credit is OK. As long as you can demonstrate your ability to repay your loan, your credit score isn’t the biggest factor for approval.
- Quick access to funds. Most lenders can transfer your money by the next business day. If you’re a repeat borrower, you may already have the prepaid card to load your funds.
What to look out for
- High fees. Payday loans charge considerably higher fees than other types of loans, resulting in a costly form of credit.
- Short repayment terms. As the name implies, your loan is typically due on your next payday. Make sure it won’t strain your budget too much before you apply.
- Disreputable lenders. Plenty of shady lenders are out there trying to take advantage of people at their most vulnerable. Confirm that your lender is licensed and operates legally in your state before signing a contract.
Other considerations to keep in mind
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 and interest rates. Late or missed payments can lead to additional fees and stiff penalties. And default 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.
To protect yourself against an illegitimate lender, confirm that yours is licensed and allowed to lend in your state.
How to apply for a prepaid debit card loan
Depending on the lender, you’re often able to apply for a prepaid debit card loan online or in person.
To apply for a payday loan:
- You must be a US citizen or permanent resident.
- You must be at least 18 years old (or the age of majority in your state)
- You must be able to prove a steady source of income.
When applying, you typically must submit:
- Your name and personal contact information.
- Your Social Security number and date of birth.
- Government-issued ID, such as your driver’s license.
- Your employment status and income details.
Can’t I have my loan funds deposited into a friend’s account?
No. You need to have an active bank account in your name — not just any bank account. Lenders typically check this before approving your application. If you don’t have a bank account, one of your options is applying for a small-dollar loan loaded on to a prepaid debit card.
What do I do if my application is denied?
Applying through a loan connection service could increase your chances of approval, as these providers have a large network of lenders that offer loans with varying eligibility criteria.
A lender could deny your application for a number a reasons. Common rejection reasons include: living in an ineligible state and not having sufficient income. If you’re denied because of your state of residence, visit our payday loan state directory to find loan options available in your state. If you’re denied because of insufficient income, consider looking at lenders who accept applicants who are unemployed or receive welfare.
Can I really get a loan without a bank account?
Possibly. While many lenders push bank accounts so they can debit payments on the due date, electronic transfers are by no means the only way to receive loan funds or repay them.
Payday lenders are typically more concerned with your ability to repay the loan. If you can provide proof of income, they’re less likely to be concerned about your lack of a bank account.
How can I receive loan funds without a bank account?
There are two ways you can receive the funds from your loan without a bank account: through a prepaid debit card or in-store cash pickup. Your funding options will vary by lender, but these alternatives can provide an easier borrowing experience.
Payday lenders that offer alternative ways to receive funds
| Online or in-store | Maximum loan amount | ||
|---|---|---|---|
| Cash Central | Online, request a prepaid card to load funds onto when you apply or get funds loaded onto your eligible prepaid card | $5,000 | |
| Check into Cash Title Loan | Both, you can start the application online but you must pick up your loaded prepaid debit card or cash in-store | Depends on the car appraisal and your state of residence |
Prepaid debit card explained
A common alternative to bank deposits is getting your funds on a prepaid debit card. A prepaid card can be handy because you can use them at a wide range of stores. You may also be able to withdraw cash at an ATM, though this might incur extra fees.
Payday lenders that offer prepaid debit cards will either mail the card to you or let you pick it up at a nearby location after your loan has been approved. You may also be able to use an existing prepaid card. Be sure to check with the lender for any restrictions.
Benefits of prepaid debit cards:
- They’re reloadable. If you’ve already had a payday loan on a prepaid card, you may be able reload the card with a new loan. Likewise, you can also load funds that aren’t related to the loan.
- They’re reliable. Prepaid cards are often issued under Mastercard or Visa, two trusted and widely accepted brands.
In-store cash pickup explained
Many payday lenders offer cash if you apply in person, and some even allow you to apply online and pick up your loan in person.
When you go into the store to apply, be sure you have your proof of income ready. Without the ability to show bank statements that confirm your financial situation, you may need to produce pay stubs or other employment details.
The benefits of in-store cash pickup include:
- You can get funding quickly. The in-store application process doesn’t take long, and after approval, you can get the cash within a few minutes.
- Personal assistance. When you apply in-store, you can work with an associate to craft a repayment plan and get help with the application process.
Prepaid debit card vs. in-store cash pickup
| How to apply | Turnaround time | |
|---|---|---|
| Prepaid card | Primarily online, sometimes in-store | 1–3 business days |
| Store | Primarily in-store, sometimes online | As soon as the same day |
Can I get a loan without a bank account if I have bad credit?
It depends. Payday lenders tend to look beyond your credit score to focus on your ability to repay the loan successfully. Outside of repayment ability, payday lenders usually base their decisions on your age, state of residence, if you have a valid form of photo ID and if you’re an active member of the military.
Short-term loans available for people with bad credit
How to get a bank account
You may have avoided getting a bank account because banks can charge high fees and it can be difficult to manage if you’re living paycheck to paycheck. But you can actually save money if you find the right bank. A bank account can open you up to better loan options with lower APR and fees. It also can help you manage your monthly bills and make payments easier.
Before you open an account, assess your needs to see which bank works best for you. Some offer no monthly fees or minimum balance, while others are good for travel offering free international ATM withdrawals. Explore your options before you decide on a bank account.
If you find a bank account that’s right for you, follow the steps to opening an account:
1. Gather your documents
- ID. Social Security card, drivers licence, passport or birth certificate is acceptable.
- Proof of address. Lease or utility bill with your name on it.
- Deposit. This will vary by bank, but you’ll need somewhere between $25 and $100 to open an account.
For opening an account online you’ll need to scan any documents and make the deposit using a debit or credit card or make a transfer from another account.
2. Fill out the application
Whether online or in person, you’re required to fill out an application. In order to approve your account, the bank runs a credit check, checking on your banking history. If you’re approved you’ll be given your account and routing number along with other account information.
3. Read the fine print
Remember that opening a bank account is allowing someone else to care for your money — so be sure you understand the bank’s policies and fees. Read through any paperwork looking for extra fees and when your funds are available for withdrawal.
4. Manage your account
Once you make your initial deposit, register for direct deposit, autopay and keep up with what you spend so you don’t overdraw your account. Most banks have online accounts or apps where you can check your balance, pay bills and more.
Bottom line
You don’t need to have a bank account to get a payday loan. Your options may be limited, but you can find lenders willing to work with you.
Whether you decide to get a prepaid debit card loan or cash from a storefront, it’s important to consider how you’ll be able to repay it. Missing payments or defaulting on the loan will lead to extra fees and charges on top of possibly damaging your credit. Be sure you’re able to repay whatever you borrow quickly before you sign a contract.
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
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
You may check your options here for personal loans for people on pension. 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.
You’re actually already on the correct page for debit card payday loans that you can compare. You may also check this page for easy-approval loans.
Please click the name of your preferred lender to find out the details and the minimum eligibility. You may then click the green “Go to Site” button to submit your loan application online.
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.
You may also get helpful info on this page and compare your options for loans that don’t require a bank account.
Please click the name of your preferred lender to find out the details and the minimum eligibility. You may then click the green “Go to Site” button to submit your loan application online.
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.
Some lenders will consider you for a loan when you’re not currently employed, but you’ll need to be earning some form of income or have suitable income-earning assets to repay the loan. You may know more info and compare your options on this page.
You can also have a look at this guide if you don’t have a bank account and in need of a loan.
Best regards,
Rench
Is it possible to have a personal or payday loan on a RushCard visa debit card without a checking or savings account??
Hi Gregory,
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.
You may compare loans that don’t require a bank/savings account on this page and also get helpful information.
Best regards,
Rench
How long do I have to repay my debit card loan? I need 3 weeks to repay my loan. Can I get a loan for that amount of time?
Hi Loretta,
Thank you for your comment.
Some of the short term loan lenders may give you 7-30 days repayment term. However please do note that the repayment terms may also vary per lender per state. So it means that you may be able to get a loan and repay the loan within 3 weeks. You may contact the lenders above who offer short term loans.
I hope this helps.
Regards,
Jhezelyn
I live in Austin TX.. wondering if payday loans are available without bank account..
I’m disabled veteran and receive, disability pension, that’s loaded directly to my direct Express card….
Hi Tracy,
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. If you’re approved, the lender will transfer your funds into your loan account. Online applicants will have to wait for the card to arrive in the mail, but once you have it, you’ll have access to your money whenever and wherever you need it. 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