Get a payday loan on a prepaid debit card

Borrow money and have it loaded onto a debit card, not your bank account.

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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. 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 that 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 top pick: Speedy Cash Short-term Loans

  • Min. Loan Amount: $100
  • Max. Loan Amount: $5,000
  • Turnaround Time: 1 day
  • Loan Term: Varies
  • 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.
  • Full online application
  • Quick funding process
  • Multiple loan types offered

Our top pick: Speedy Cash Short-term Loans

Get a short-term loan online, in-store or via phone. Approved funds can be loaded onto a prepaid debit card, subject to state availability.

  • Min. Loan Amount: $100
  • Max. Loan Amount: $5,000
  • Turnaround Time: 1 day
  • Loan Term: Varies
  • 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.
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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, government benefits or tax refunds.

Compare more short-term loan options

Updated November 13th, 2019
Name Product Filter Values Max. Loan Amount Turnaround time Requirements
$100 to $5,000 (varies by state)
1 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.
Get a short-term loan online, in-store or via phone. Approved funds can be loaded onto a prepaid debit card, subject to state availability.
Varies by state
Same business day to 1 business days
Steady source of income, checking or savings account, not currently in bankruptcy, ages 18+
Its satisfaction guarantee means you can return the full loan amount within 72 hours if you change your mind.
$400
Within 24 hours
Paid via direct deposit, US citizen or permanent resident, age of majority in your state
Get quick access to funds on a prepaid debit card or withdraw cash at an ATM.
$5,000
1 to 2 business days
Must be 18+ years old and have a Social Security number, verifiable income, valid checking account and current phone number.
Cash loans deposited directly into your checking account or onto a Cash Central-provided debit card.

Compare up to 4 providers

These providers lend you money directly and service your loan payments — no middle-man.
Updated November 13th, 2019
Name Product Filter Values Max. Loan Amount Turnaround time Requirements
$5,000
1 business day
Direct deposit, meet minimum income requirements
Comes with the option to change your due date so you won’t fall behind on repayments.
$35,000
As soon as the next business day
Regular source of income, verifiable bank account, US citizen, ages 18+
Get connected with multiple lenders you might qualify with — even if you have bad credit.
$2,600
1 to 2 business days
Active checking account, regular source of income, email address
Get access to tools to help you plan a career move, make some extra cash or search for a better-paying job.
Varies by state
As fast as same business day
Regular source of income, bank account, US citizen or permanent resident, age of majority in your state
Sign up for its discount program to get access to coupons and deals on everything from dining out to tax services.
$15,000
Same business day to 1 business days
$1,000+ monthly income, direct deposit, US citizen or permanent resident, ages 18+
Get offers from potential lenders in minutes by filling out just one online form.
$50,000
Same business day to 1 business days
Employed, $800+ regular monthly income, checking account, ages 18+, US citizen
Fill out a simple online form to compare offers from several lenders that may be able to help.
$1,000
1 to 2 business days
Bank account, email address, phone number, US citizen or permanent resident, ages 21+
Plus, get access to check cashing, cell phone top ups, bill pay and more at one of its many storefronts.
$10,000
As fast as same business day
Regular source of income, bank account, US citizen or permanent resident, age of majority in your state
Explore its online education center to get tips on budgeting, how to prioritize your bills and more.

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.
Updated November 13th, 2019
Name Product Filter Values Max. Loan Amount Turnaround time Requirements
$35,000
As soon as the next business day
Regular source of income, verifiable bank account, US citizen, ages 18+
Get connected with multiple lenders you might qualify with — even if you have bad credit.
$15,000
Same business day to 1 business days
$1,000+ monthly income, direct deposit, US citizen or permanent resident, ages 18+
Get offers from potential lenders in minutes by filling out just one online form.
$50,000
Same business day to 1 business days
Employed, $800+ regular monthly income, checking account, ages 18+, US citizen
Fill out a simple online form to compare offers from several lenders that may be able to help.
$10,000
As fast as same business day
Regular source of income, bank account, US citizen or permanent resident, age of majority in your state
Explore its online education center to get tips on budgeting, how to prioritize your bills and more.
$1,000
Same business day to 1 business days
Valid bank account, proof of employment or steady income, US citizen, ages 18+
No credit? Past bankruptcy? One of the lenders in its network may still be able to help.

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 refund advances 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

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?

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323 Responses

  1. Default Gravatar
    BrandyNovember 5, 2019

    I need a 500 loan on my Netspend card. How do I get one fast?

    • Avatarfinder Customer Care
      nikkiangcoNovember 5, 2019Staff

      Hi Brandy,

      Thanks for your comment and I hope you are doing well.

      To get started, go to the part of the page asking for your state. Enter your state and it will show the list of lenders in your area. You will find a table that compares the features and benefits of each lender such as max loan rate, interest and etc. This way it will be easier for you to see which provider fits you best. If you need further help, a quick guide on how to apply for a prepaid debit card loan is also stated on the page.

      As a friendly reminder, carefully review the eligibility criteria of the loan before applying to increase your chances of approval. Read up on the terms and conditions and product disclosure statement and contact the bank should you need any clarifications about the policy.

      Hope this helps and feel free to reach out to us again for further assistance.

      Best,
      Nikki

  2. Default Gravatar
    JamesNovember 4, 2019

    Hi. My lights just got shut off and I don’t get paid till next week thrusday morning. I was wonder can I get a loan. I just need 150$ and I’ll be able to pay it right back when my deposit it.

    • Avatarfinder Customer Care
      nikkiangcoNovember 4, 2019Staff

      Hi James,

      Thanks for getting in touch! Sorry to hear your electricity got cut off.

      There is information on our page where it says “How to apply for a prepaid debit card loan” and you can read through that to know if you are eligible to apply for a loan. Note that the probability of you getting approved will depend on how you fit a lender’s eligibility criteria.

      To get started comparing options for a lender, please go to the page that says “Personalize your loan options.” Enter the state you are in and you will find see a list of lenders available in your area. This table compares the features and benefits of each loan provider such as max loan rate, interest and etc. This way it will be easier for you to see which provider fits you best. If you need further help, an FAQ part is available below. As a friendly reminder, carefully review the eligibility criteria of the loan before applying to increase your chances of approval. Read up on the terms and conditions and product disclosure statement and contact the bank should you need any clarifications about the policy.

      Hope this helps and feel free to reach out to us again for further assistance.

      Best,
      Nikki

  3. Default Gravatar
    SashiOctober 17, 2019

    I need a $1,000 loan and pay no more than $80/month because I am disabled and only get $20/week!!!!!

    • Avatarfinder Customer Care
      nikkiangcoOctober 18, 2019Staff

      Hi Sashi,

      Thanks for your comment. I’m sorry to hear about what you’re going through, I would feel the same way.

      To get started on finding loan options, go to the part of the page saying “Compare more short-term loan options.” Enter you state and you will find the lenders listed. You will find a table that compares the features and benefits of each lender such as max loan rate, interest and etc. This way it will be easier for you to see which provider fits you best. If you need further help, a quick guide on how to apply for a prepaid debit card as stated on the page. As a friendly reminder, carefully review the eligibility criteria of the loan before applying to increase your chances of approval. Read up on the terms and conditions and product disclosure statement and contact the bank should you need any clarifications about the policy.

      Hope this helps and feel free to reach out to us again for further assistance.

      Best,
      Nikki

  4. Default Gravatar
    ShannonSeptember 11, 2019

    Can you get a loan on a chime card?

    • Avatarfinder Customer Care
      nikkiangcoSeptember 13, 2019Staff

      Hi Shannon,

      Thanks for getting in touch! With a prepaid debit card loan, your lender deposits your approved funds onto the card for immediate use. You can easily access your funds. To know if you can get a loan with a Chime card, you would need to contact the lender and see if they can accept Chime bank. It would be best to contact the customer service support of the lender directly for further assistance.

      Hope this clarifies and we hope they find a quick resolution for you!

      With care,
      Nikki

  5. Default Gravatar
    MaryJuly 20, 2019

    I NEED TO GET CASH NOW ON A PREPAID CARD. WHERE SHOULD I TRY TO APPLY FOR A LOAN? I HAVE A EMERGENCY AND NEED THE MONEY.

    • Avatarfinder Customer Care
      nikkiangcoJuly 22, 2019Staff

      Hi Mary,

      Thanks for leaving a message on our page.

      There is more than one way to get fast cash with a prepaid card.

      1. Prepaid Debit Loans
      2. Direct Lenders – These providers lend you money directly and service your loan payments — no middle-man.
      3. Loan connection services – they help connect you with lenders willing to provide you the funds based on your preferences and the lenders’ criteria

      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.

      As a friendly reminder, carefully review the eligibility criteria of the loan before applying to increase your chances of approval. Read up on the terms and conditions and product disclosure statement and contact the bank should you need any clarifications about the policy.

      Hope this was helpful. Don’t hesitate to message us back if you have more questions.

      Best,
      Nikki

  6. Default Gravatar
    ReneMay 27, 2019

    Which payday loan company deposit on to Netspend prepaid card?

    • Avatarfinder Customer Care
      JeniMay 27, 2019Staff

      Hi Rene,

      Thank you for getting in touch with Finder.

      On this page you’re looking at, kindly choose your state to know first the lenders that you may apply for a loan in your area. Since lenders supply a new debit card for approved loans, they typically partner with certain prepaid card providers. Kindly check with the lender you’re interested in to see if NetSpend is one of their partners.

      I hope this helps.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

  7. Default Gravatar
    LuisApril 29, 2019

    Can I get a payday loan with a Paypal card?

    • Avatarfinder Customer Care
      JeniApril 30, 2019Staff

      Hi Luis,

      Thank you for getting in touch with Finder.

      You may get a payday loan with your Paypal Mastercard debit card. Please note that some lenders might supply a new debit card that they typically in partner with. Please check with the lender you’re interested in to see if they may send your fund to your Paypal card.

      I hope this helps.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

  8. Default Gravatar
    RodneyApril 27, 2019

    Hey,

    I was wondering what if you just started a job, can you still get a loan?

    • Avatarfinder Customer Care
      JeniApril 28, 2019Staff

      Hi Rodney,

      Thank you for getting in touch with Finder.

      You may still get a loan if have just started a job. Basically, lenders will require access to your banking history and financial documents in order to verify that you’ll be able to repay your loan. Every lender has its own minimum income requirement. It can vary from a few months’ employment to simply having proof of regular income. Kindly check out this page to compare your loan options. Check the minimum time employed column to see which lender you may apply a loan with. You may click on the green Go to site button of the provider to be redirected to their official page where you may start your online application. Please make sure that you’ve read the relevant T&Cs or PDS of the loan products before making a decision and consider whether the product is right for you.

      I hope this helps.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

  9. Default Gravatar
    PeggyApril 22, 2019

    Can you use the cash app card it has a routing number

    • Avatarfinder Customer Care
      nikkiangcoApril 23, 2019Staff

      Hi Peggy,

      Thanks for getting in touch with Finder! To get a payday loan, you’d need a physical prepaid card and unfortunately, cash apps won’t be accepted. Hope this clarifies!

      Best,
      Nikki

  10. Default Gravatar
    ValerieApril 15, 2019

    I would like to try to get a loan on pre-paid debit card. I just got one

    • Avatarfinder Customer Care
      nikkiangcoApril 16, 2019Staff

      Hi Valerie,

      Thanks for getting in touch! The information above shows how you can apply for a loan with a prepaid debit card. Start by checking the lenders on our page above. As a friendly reminder, review the eligibility criteria of the loan before applying to increase your chances of approval. Read up on the terms and conditions and product disclosure statement and contact the bank should you need any clarifications about the policy.

      Hope this helps!

      Best,
      Nikki

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