How to get a payday loan on a debit card | finder.com
prepaid debit card loan featured image

Get a payday loan on a prepaid debit card

We know that everyone's situation is unique and we aim to help you find the right product for you. We may receive compensation when you visit our partners' sites or are approved for their products. You can read more about how we maintain editorial independence and how we make money here.

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.

Looking for a loan what doesn't require a bank account?

Check out our no-bank-account loans guide to compare available options. The lenders on this page require you to have a bank account.

Speedy Cash Short-term Loans

Our pick for debit card loans: Speedy Cash

Approved loan funds are loaded onto an exclusive Opt+® Visa® card, with in-store pickup as soon as the next business day.

  • Loan amounts: $100–$5,000, depending on your state of residence
  • Loan term: Varies by state
  • Available in the following states: AL, AK, AZ, CA, CO, DE, HI, IL, ID, KS, LA, MO, MS, ND, NM, NV, OH, OK, RI, TN, TX, UT, VA, WI, WY
  • Turnaround time: As soon as next business day
  • Requirements: Must be 18+ years old (19+ in AL) and have valid ID, proof of steady income, an open checking account and working phone number.

    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

    Rates last updated June 24th, 2018
    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 Max. Loan Amount Turnaround Time Requirements
    Speedy Cash Short-term Loans
    Get a short-term loan online, in-store or via phone. Approved funds can be loaded onto an Opt+® Visa® prepaid debit card, subject to state availability.
    $5,000
    As soon as next business day
    Must be 18+ years old (19+ in AL) and have valid ID, proof of steady income, an open checking account and working phone number.
    ACE Cash Express Payday Loans
    Quick payday, installment and title loans with no prepayment penalty and a 72-hour satisfaction guarantee. Funds can be loaded on an ACE Elite™ Visa® Prepaid Debit Card.
    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 providers lend you money directly and service your loan payments — no middle-man.
    Rates last updated June 24th, 2018
    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 Max. Loan Amount Turnaround Time Requirements
    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
    1–2 business days
    You must be at least 21 and an American citizen and have a bank account, email address and phone number.
    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
    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
    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.
    ACE Cash Express Payday Loans
    Quick payday, installment and title loans with no prepayment penalty and a 72-hour satisfaction guarantee. Funds can be loaded on an ACE Elite™ Visa® Prepaid Debit Card.
    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.
    LoanByPhone Payday and Installment Loans
    This mobile lender offers convenient cash loans. Apply online or by phone.
    $3,000
    1–2 business days
    Must be 21 years old and have a Social Security number, a regular source of income, a valid email address, an active checking account and a phone number.
    BadCreditLoans.com
    With straightforward, simple qualifications, these loans offer easy approval for people with poor credit.
    $5,000
    Varies
    Depending on lender requirements, people from all 50 states may not be eligible for a personal loan.

    Compare up to 4 providers

    These providers help connect you with lenders willing to provide you the funds you’re looking for based on your preferences and the lenders’ criteria — a solid option if you have trouble getting approved elsewhere.
    Rates last updated June 24th, 2018
    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 Max. Loan Amount Turnaround Time Requirements
    BadCreditLoans.com
    With straightforward, simple qualifications, these loans offer easy approval for people with poor credit.
    $5,000
    Varies
    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
    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.
    LendYou Payday Loans
    Apply online with this loan-connection company offering unrestricted short-term loans at high maximums — fast turnaround.
    $15,000
    1 business day
    You must be a US citizen or permanent resident, age 18+ and have a regular income.
    CashAdvance.com Payday Loans
    Whether for emergencies or unexpected expenses, this provider may be able to connect you among its nationwide network of lenders.
    $1,000
    1–2 business days
    You must be at least 18 years old with take-home monthly income of at least $1,000 after taxes.
    TriangleCash Payday Loans
    If you have bad credit or no credit history, apply to be connected to a network of lenders for funding at rates that vary by state.
    $1,000
    As soon as next business day
    You must be a US citizen, at least 18 years old, and have a valid bank account.
    SWIFT Payday Loan
    Access multiple lenders with a 5-minute application for a cash advance on your paycheck.
    $1,200
    Next business day
    Must be at least 18 years old and employed or have regular income.

    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 always 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 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.

    Compare loan options now

    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.

    Are payday loans available in my state?

    Frequently asked questions

    Was this content helpful to you? No  Yes

    Ask an Expert

    You are about to post a question on finder.com:

    • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
    • finder.com is a financial comparison and information service, not a bank or product provider
    • We cannot provide you with personal advice or recommendations
    • Your answer might already be waiting – check previous questions below to see if yours has already been asked

    Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms and Conditions and Privacy Policy.

    250 Responses

    1. Default Gravatar
      stephanieJune 18, 2018

      I have a prepaid visa netspend card. can I use it

      • finder Customer Care
        nikkiangcoJune 19, 2018Staff

        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

    2. Default Gravatar
      ChristieJune 4, 2018

      Can you put a loan on my green dot card iam in nebraska

      • finder Customer Care
        JoshuaJune 5, 2018Staff

        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

    3. Default Gravatar
      BsoardMay 25, 2018

      I have a prepaid walmart card that has my name on it can i get a payday loan on that without a banl account

      • finder Customer Care
        AshMay 26, 2018Staff

        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

    4. Default Gravatar
      MMarch 20, 2018

      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

      • finder Customer Care
        JoshuaMarch 28, 2018Staff

        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

    5. Default Gravatar
      RLJanuary 30, 2018

      How can I get a payday loan without a bank account ?

      • Default Gravatar
        LoriMarch 23, 2018

        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

      • finder Customer Care
        JoshuaMarch 26, 2018Staff

        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

      • finder Customer Care
        HaroldFebruary 27, 2018Staff

        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

    6. Default Gravatar
      NancyJanuary 25, 2018

      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.

      • finder Customer Care
        RenchJanuary 31, 2018Staff

        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

    7. Default Gravatar
      DeannaDecember 28, 2017

      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 ?

      • finder Customer Care
        ArnoldDecember 28, 2017Staff

        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

    8. Default Gravatar
      PamelaDecember 22, 2017

      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.

      • finder Customer Care
        RenchDecember 23, 2017Staff

        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

    9. Default Gravatar
      LoriDecember 19, 2017

      Can I get a small payday loan with no bank account and my social security award letter?

      • finder Customer Care
        RenchDecember 20, 2017Staff

        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

    10. Default Gravatar
      DanielleDecember 8, 2017

      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.

      • finder Customer Care
        RenchDecember 9, 2017Staff

        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

    US Payday Loans Offers

    Important Information*
    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.

    Go to site