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Prepaid debit card payday loans

Get your approved loan funds loaded onto a debit card.

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 bank account could prevent you from getting a short-term 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?

Cash CentralSpeedy Cash Logo
How does it work?Approved loan funds are loaded onto a Green Dot® prepaid card or another eligible prepaid card.Approved loan funds are loaded onto an exclusive Opt+® Visa® card, with in-store pickup as soon as the next business day.
How much can I borrow?$100 to $5,000, depending on your state of residence.$100 to $5,000, depending on your state of residence.
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, WYAL, AK, AZ, CA, DE, HI, IL, ID, KS, LA, MO, MS, ND, NM, NV, OH, OK, RI, SC, TN, TX, UT, WI, 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 and have valid ID, proof of steady income, an open checking account and working phone number.
How fast can I get funding?1–2 business days for first-time customers, quicker for returning customersAs soon as next business day

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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, tax refunds and government benefits.

Compare your short-term loan options

Rates last updated November 20th, 2017
Unfortunately, none of the short term loan providers currently offer loans in your state. Learn more about short term loans in your state to find an alternative.
Name Product Product Description Maximum Loan Amount Term of Loan Turnaround Time Requirements
LendUp Payday Loans
LendUp offers $250 loans for first-time borrowers. Good credit is not required. Visit the site to see if available in your state.
$250
7–30 days
generally receive the money the next business day
Be 18+ years of age and have a checking account that can accept electronic transfers.
CashNetUSA Loan
Apply for a short-term loan with an easy online application and dedicated customer service.
Varies by state
Varies by state
1 business day
You must be a US citizen or permanent resident, be at least 18 years old and have regular income and a bank account.
Check into Cash Payday Loan
With 1,000 branches in 30 states, get $50 to $1,000 in days from this direct lender.
$1,000
Varies by state
1–2 business days
You must be at least 21 and an American citizen and have a bank account, email address and phone number.
ACE Cash Express Payday Loans
Quick short term, installment and title loans come with no prepayment penalty and a 72-hour satisfaction guarantee.
Varies by state
Varies by state
Generally receive the money the next business day
Must be 18+ years old, have a steady source of income and a checking or savings account. Must not be a debtor in bankruptcy.

Compare up to 4 providers

These loan-matching services help connect you with lenders willing to provide you the funds you’re looking for based on your preferences and the lenders’ criteria.

Rates last updated November 20th, 2017
Unfortunately, none of the short term loan providers currently offer loans in your state. Learn more about short term loans in your state to find an alternative.
Name Product Product Description Maximum Loan Amount Term of Loan Turnaround Time Requirements
BadCreditLoans.com
With straightforward, simple qualifications, these loans offer easy approval for people with poor credit.
$5,000
3 to 60 months
Varies based on lender
Depending on lender requirements, people from all 50 states may not be eligible for a personal loan.
Slam Dunk Loans
Potentially get approved for a short-term loan through this lender-connection service, even with poor credit history.
$2,500
Varies by lender
As soon as next business day
Must be employed, receive regular income, earn at least $800 a month, have a checking account, be 18+ yrs old and a US citizen.
SWIFT Payday Loan
Access multiple lenders with a 5-minute application for a cash advance on your paycheck.
$1,200
Varies by lender
Next business day
Must be at least 18 years old and employed or have regular income.
LoanSolo.com Payday Loans
Potentially get connected with a legit lender offering convenient payday loans and quickly get funds.
$1,000
Varies by lender
As soon as one business day
You must be 18+ years old, legally work and live in the US, have a bank account in your name and be employed with sufficient income.
ExtraLend.com Installment Loans
This free and simple service could connect you with online lenders offering installment loans.
$3,000
Varies by lender
As soon as one business day
Must be at least 18+ years old, legally work and live in the US, have a bank account in your name and be employed with sufficient income.
iCashLoans.com Short Term Loans
Potentially get a loan through a network of 100+ lenders. One simple online application.
$1,000
Varies by lender
Varies by lender
Be employed, have a bank account in your name and income of at least $1,000 per month.
CashAdvance.com Payday Loans
Whether for emergencies or unexpected expenses, this broker may be able to connect you among its nationwide network of lenders.
$999
Up to 12 months
1–2 days
You must be at least 18 years old with take-home monthly income of at least $1,000 after taxes.

Compare up to 4 providers

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:

  1. You don’t need a bank account. With a prepaid debit card loan, your lender deposits your approved funds onto the card for immediate use.
  2. 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.
  3. 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.
  4. You could earn rewards with the right card. Some prepaid card providers allow you to earn cash rewards with your spending.
  5. 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.
  6. 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 of prepaid debit card loans?

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 before taking on a prepaid debit card payday loan

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.

Have poor or bad credit? You’ll find lenders willing to consider you.

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.

Are payday loans available in your state?

Common questions about prepaid debit card payday loans

Most payday applications take about 10 to 15 minutes to complete if you have all the required information close at hand.

Yes, as long as you have a steady source of income and you’re a permanent resident of the US. You’ll also need to meet your state’s minimum age requirement and any other lender criteria.

Yes. You’ll find lenders that accept alternate forms of income when evaluating your loan application. Once you’ve narrowed down options that meet your needs, visit the lender’s website or call support to confirm your eligibility.

Yes. Consider applying for an installment loan or an auto title loan. Or look into other short-term loan options to find one that’s right for your situation.

Yes, but fees vary by lender. You could pay reloading, interchange, setup and ATM withdrawal fees, depending on your card. Ask about potential fees before you sign any contract.

It depends on the lender. Most legitimate short-term lenders encrypt the information you send online with 128-bit security to safeguard your personal and financial information. When applying online, look for a padlock to the left of your page’s URL, which itself should start with “https,” indicating a secure site. If you don’t see either, the site you’re on may not be legitimate.

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224 Responses

  1. Default Gravatar
    LorettaNovember 10, 2017

    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?

    • Staff
      JhezelynNovember 11, 2017Staff

      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

  2. Default Gravatar
    TracyNovember 8, 2017

    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….

    • Staff
      DanielleNovember 8, 2017Staff

      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

  3. Default Gravatar
    LisaNovember 7, 2017

    What companies actually provide debit prepaid loans

    • Staff
      ArnoldNovember 8, 2017Staff

      Hi Lisa,

      Thanks for your inquiry

      Actually, the page above shows a comparison of lenders for you to see who would take a prepaid debit card to put your funds on.

      It would be best to check if payday loans are available in your state before you apply.

      Hope this information helps

      Cheers,
      Arnold

  4. Default Gravatar
    AlbertOctober 30, 2017

    I’m trying to apply for a loan but I don’t have a bank account or savings I jus get a paper check every 2 weeks & I make 1,500 to 1,620 every two weeks… What can I do to get a loan.. My credit is poor, is there anyone doing loans with the bank account & etc… I have everything else I need but no bank account

    • Staff
      JhezelynOctober 31, 2017Staff

      Hi Albert,

      Thank you for your comment.

      You can still apply for a loan even if you have a poor credit and no bank account. Payday lenders focus on your ability to repay the loan successfully. You may want to check and contact the lenders on this page that may consider you for a loan. Please note that you need to meet the eligibility criteria before submitting an application.

      I hope this helps.

      Regards,
      Jhezelyn

  5. Default Gravatar
    JulieOctober 23, 2017

    My question is which lender gives a payday loan onto a prepaid debit card I do not have a bank account I live in Las Vegas Nevada and I have a steady source of income what else do I need and how can I do this online or not thank you

    • Staff
      DanielleOctober 23, 2017Staff

      Hi Julie,

      Thank you for contacting finder. We are a comparison website and general information service, we’re more than happy to offer general advice.

      Upon checking, CashCentral get approved funds loaded onto a Green Dot® prepaid card or your eligible prepaid card.

      I hope this helps.

      Cheers,
      Danielle

  6. Default Gravatar
    JoeyOctober 18, 2017

    Hi I’m on SSI I have the Direct Express master card that they issue when you are on SSI I have no checking or saving accounts I live in Las Vegas NV. and I have a valid ID and live at the same address for 5 years I am in Roseburg OR. I have had a emergency situation that has came up that I need to fly back to Las Vegas and I want to know to see getting a payday until November 1 2017 if you know any lenders out there that can help Thank You so much for your time

    • Staff
      MariaOctober 19, 2017Staff

      Hi Joey,

      At present, the lenders on this page require a checking account to apply.

      You may want to check out this page on Loan Options in Oregon.

      Also, this page on How To Get A Loan When You’re on Welfare might be helpful.

      Please note that finder is an online comparison service and is not a product issuer, the approval of your application would depend on the lender’s assessment of your financial situation and ability to make loan repayments.

      Best,
      Maria

  7. Default Gravatar
    CharlesOctober 17, 2017

    I’m on SSI and I need a loan. I just have a debit card from SSI and no checking account or saving account. Can you help me find a place to get loan?

    • Staff
      JhezelynOctober 18, 2017Staff

      Hi Charles,

      Thank you for your comment.

      The lenders listed on this page may consider you for a loan even without a bank account. Generally, all you need to do is to meet the criteria set by the lender to have a high chance of getting your application approved.

      Regards,
      Jhezelyn

  8. Default Gravatar
    BrandyOctober 14, 2017

    I have no bank account no checking account I receive SSA ssi monthly I have no credit good are bad in need of a under $1000 dollar loan question is which company in California Los Angeles is recommended

    • Staff
      renchcruzOctober 14, 2017Staff

      Hi Brandy,

      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 can also have a look on this page and compare your options for payday loans if you have a bad credit.

      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

  9. Default Gravatar
    LouisOctober 14, 2017

    I need a loan. I have no standard checking or savings accounts. All I have is a prepaid debit card called account now. Can the loan be administered onto the account now card ?

    • Staff
      DanielleOctober 14, 2017Staff

      Hi Louis,

      Thank you for contacting finder. We are a comparison website and general information service, we’re more than happy to offer general advice.

      That would depend on the lender, but any of the lenders presented on this page should be able to assist you. 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

  10. Default Gravatar
    YuiOctober 10, 2017

    I have a prepaid debit card with direct deposit. I do not have a regular checking account. However i am trying to get a payday loan. Can you help me?

    • Staff
      MariaOctober 10, 2017Staff

      Hello Yui,

      As finder is an online comparison service and is not an insurer, we do not represent any of the companies featured on our pages.

      As of this writing, applying with the lenders featured on this page would require a checking account.

      First, you may want to check if payday loans are available in your state. Then, it would be best to get in touch with the insurers in your area directly to see what they can offer based on your financial situation.

      Best,
      Maria

US Payday Loans Offers

Learn about our information service
Slam Dunk Loans

Potentially get approved for a short-term loan through this lender-connection service, even with poor credit history.

LendUp Payday Loans

LendUp offers $250 loans for first-time borrowers. Good credit is not required. Visit the site to see if available in your state.

Check into Cash Payday Loan

With 1,000 branches in 30 states, get $50 to $1,000 in days from this direct lender.

OppLoans Installment Loans

Installment loans with competitive rates from a top-rated direct lender.