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.
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
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.
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.
How long does it take to get prove for a small loan
Hi Angela,
Thanks for leaving a question on finder.
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. Please send me a message if you need more help. :)
Cheers,
Joel
Can I get A payday loan without a checking account?
Hi Ta-Nae,
Thanks for leaving a question on finder.
You can check out our no-bank-account loans guide to compare available options. The lenders on this page require you to have a bank account. Once you have decided on the suited loan for your needs, you may click on the green ‘Go to site’ button to submit your application or know more about the loan offer.
Cheers,
Joel
I draw disability $853 a month I need to loan $500 my credit isn’t good and my money comes on a Direct Express Card can I still get a loan even though I don’t have a bank account and just comes on the card
Hi Ryan,
Thanks for getting in touch with finder. I hope all is well with you. :)
The answer to your question is yes. It is still possible for you to obtain a loan by using your prepaid debit card. Since you mentioned you receive disability, then you may find more options on this page. That page lists some of the loans available for people who receive a pension.
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 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 HERE.
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
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