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Speedy Cash short-term loans review

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Convenient loan options — but understand the cost before you apply.’s rating: 3.5 / 5.0


Speedy Cash offers a variety of short-term loans to residents of 24 states. But they can still be expensive, so be sure you can afford it before you visit a store or apply online.


Min. Amount


Max. Amount

1 day

Turnaround time


Product NameSpeedy Cash Short-term Loans
Min. Amount$50
Max. Amount$26,000
Loan TermVaries
Loan SecurityUnsecured
Turnaround Time1 day
CostsVaries by state regulations.
RequirementsMust 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 borrowing from Speedy Cash work?

Speedy Cash is among one of the fastest growing and largest providers of short-term loans in the US, Canada and the UK. It’s licensed in each state in which it operates as a direct lender.

Apart from online payday loans, it also offers installment loans and lines of credit for larger amounts. Its in-store services include title loans, prepaid debit cards, money orders, wire transfers, check cashing and cash for gold. The loans Speedy Cash provides don’t involve a lengthy application process, and you don’t have to worry about credit score requirements — Speedy Cash will still consider you for a loan.

Where does Speedy Cash offer loans?

Speedy Cash operates in the following states:

  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Delaware
  • Hawaii
  • Illinois
  • Idaho
  • Kansas
  • Louisiana
  • Missouri
  • Mississippi
  • North Dakota
  • Nevada
  • Ohio
  • Oklahoma
  • Rhode Island
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Wisconsin
  • Wyoming

How do Speedy Cash loans compare with other providers?

Data indicated here is updated regularly
Name Product Filter Values Max. Loan Amount Turnaround time Requirements
OppLoans Installment Loans
1 business day
Direct deposit, meet minimum income requirements, live in eligible state
Comes with the option to change your due date so you won’t fall behind on repayments.
Check Into Cash Payday Loan
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.
Fast5kLoans Short-term Loans Connection Service
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.
LendYou Short-term Loans
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.
Possible Finance Mobile Installment Loans
As fast as 1 business day
Checking account with 3+ months of banking history, $750+ monthly income, live in eligible state, ages 18+
Borrow up to $500 with just a few swipes — but only for residents of 5 states.

Compare up to 4 providers

Speedy Cash reviews and complaints

BBB accreditedNo
BBB ratingA+
BBB customer reviews1.63 out of 5 stars, based on 27 customer reviews
Trustpilot score4.6 out of 5, based on 8,556 customer reviews
Customer reviews verified as of16 October 2020

While Speedy Cash earns positive reviews on its Trustpilot page, almost all of the recent reviews on both its Trustpilot and BBB pages are negative. Borrowers complain about the high costs, poor customer service and inability to change payment due dates.

How much could you borrow with Speedy Cash?

StateMaximum amount
California$255 (payday); $5,000 (installment)
Nevada$2,500 (payday); $1,500 (installment)
North Dakota$500
Rhode Island$750

What loan products does Speedy Cash offer?

Speedy Cash has multiple loan options to suit whatever your needs may be.

  • Payday loans. A payday loan is a short-term loan (typically $500 or less) that usually must be repaid within two to four weeks. Rules and regulations for payday loans vary by state.
  • Installment loan. Unlike a payday loan that you have to repay in its entirety on your next payday, an installment loan gives you the ability to spread out your payments over a period of time.
  • Auto title loan. You have to visit a Speedy Cash store to apply for an auto title loan since they will need to physically appraise your car. The amount you can borrow depends on the value of your car as well as your ability to make repayments.
  • Prepaid debit cards. If you live near a Speedy Cash store location, you could apply for a payday loan and have the funds loaded onto a prepaid debit card as soon as the next business day. Speedy Cash offers three types of Opt+® debit cards on which you can load funds. The Monthly Card is best for day-to-day purchases and comes with a monthly fee. The Direct Deposit Card is similar to the Monthly Card but allows you to receive your paycheck directly onto the card. The monthly fee for this card can be waived if you have direct deposit of more than $1,000 monthly. The Pay as You Go Card only costs you money when you use it. There are no ATM fees when you withdraw at a Speedy Cash location, and you can use them wherever Visa® is accepted.
  • Line of credit. With an active line of credit, you don’t have to worry about the next time you need some extra money. The line of credit gives you great control over how you use funds up to an approved limit. While you have to make minimum monthly payments, you can also make extra payments at any time.

Benefits of taking out a short-term loan from Speedy Cash

  • Quick process. If you apply in-store, you may receive your loan funds before you leave the store. If you apply online, your funds may be available as soon as the following business day.
  • Flexibility to use funds. Once you get access to your approved funds, you can use this money for anything, from paying utility or medical bills to tuition fees or simple budgetary shortfalls.
  • Additional services. Speedy Cash offers more than just loans. These include wire transfers, check cashing, money orders, prepaid debit cards and cash for gold.

What are the drawbacks?

  • Still a short-term loan. Speedy Cash may have multiple loan options available, but they can all be quite expensive. Before you agree to a loan, make sure you understand the fees and have the ability to repay.
  • Average BBB rating. Speedy Cash isn’t accredited with the Better Business Bureau (BBB) and receives a B rating due to nearly 200 complaints over the last three years.
  • Bank account required. Even if you apply at a Speedy Cash location, you’ll need to have a checking account in your name to qualify for a loan.

The costs of borrowing from Speedy Cash

After Speedy Cash lets you know of your application’s approval, you’ll be provided with loan documents that detail the loan’s terms and conditions as well as all applicable fees and charges. It’s in your best interest to review this document carefully before signing it so you know exactly how much you’ll be repaying before you commit.

The fees you have to pay depend on the state you live in and how much money you borrow. If you don’t pay the loan off in time, you could have to pay late charges and additional fees if you wish to refinance your loan. This may negatively affect your credit.

As with all short-term loans, make sure you have an ability to repay the full loan amount, including APR, before you borrow money. Extra fees can quickly add up, and you could find yourself in a spiral of bad debt if you don’t prepare.

  • Speedy Cash charges additional fees for borrowers in Texas because it operates as a Credit Access Business (CAB) rather than a direct lender there. CAB fees vary depending on the type of loan you get.

Speedy Cash offers prepaid debit card loans

If you live near a Speedy Cash store location, you could apply for a payday loan and have the funds loaded onto an Opt+® Visa® prepaid debit card as soon as the next business day. In some cases, you could see same-day funding for approved loans. You can use this card wherever Visa® is accepted.

Is it safe to take out a Speedy Cash loan?

Yes. Speedy Cash’s website is encrypted for security, so you can rest assured knowing that your personal information will have industry-level protection while you fill out an application. It is a member of the Community Financial Services Association of America (CFSA), which means it abides by certain transparency standards meant to make sure your borrowing experience is safe.

How to apply for a short-term loan from Speedy Cash

You can apply for a short-term loan by visiting a Speedy Cash location near you or online.

Eligibility criteria

You will need to meet the following criteria to qualify for a short-term loan from Speedy Cash:

  • At least 18 years old
  • US citizen or a permanent resident
  • Steady source of income
  • Operational checking account

What information do I need to apply?

When you apply, have this information ready to keep the application process quick:

  • Your name, home address, email address and phone number
  • Your date of birth, Social Security number and government-issued ID
  • Your employer’s name, address and phone number
  • Details about your income
  • Your bank account details

Are payday loans available in my state?

Bottom line

Speedy Cash offers a variety of short-term loan options for borrowers, but that doesn’t mean it’s always the right decision. When you’re looking to take out a short-term loan, it might be best to see which lenders are most like Speedy Cash and browse our guide to short-term loans so you can make the right decision for your finances.

Frequently asked questions

Short-term loan ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

We analyze short-term loan providers and similar services to help you weed out predatory lenders and find a company you can trust. We rate providers on a scale of one to five stars. Our ratings are based on factors that are most important to you, which include: loan amount, application process, fees, customer reviews and borrower experience.

Read the full methodology of how we rate short-term loan providers and similar services.

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  1. Default Gravatar
    March 11, 2020

    Can I have my loan put into my savings account?

    • Avatarfinder Customer Care
      March 12, 2020

      Hi Armon,

      Thanks for your comment and I hope you are well.

      Yes, your loan funds will be deposited to your chosen method of receiving the funds and this could be completed as soon as the next business day. You could also visit a Speedy Cash store to collect cash sooner after approval.

      As a friendly reminder carefully review the terms and conditions and the product disclosure statement of the lender before applying. You may also contact your lender of choice should you have any questions about their loan requirements.

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


  2. Default Gravatar
    May 6, 2019

    For a card, what is the APR, Annual fee, Other fees, balance transfer fee, and grace period?

    • Avatarfinder Customer Care
      May 6, 2019

      Hi Felicity,

      Thank you for getting in touch with Finder.

      Speedy Cash does not offer credit card. If you’re looking for a credit card, please check out this page. On that page, please choose the answer that suits your needs on a credit card and the page will show your options. If you’re applying for a credit card, please make sure though to read the eligibility criteria, features and details of the card, as well as the relevant PDS/ T&Cs of the card before making a decision and consider whether the product is right for you.

      I hope this helps.

      Thank you and have a wonderful day!


  3. Default Gravatar
    February 25, 2019

    I recently took a leave from my job, but I do have a recent paystub from my job, I go back to work in 2 weeks, can I still take out a loan?

    • Avatarfinder Customer Care
      February 26, 2019

      Hi Yaz,

      Thank you for reaching out to Finder.

      Depending on the approval criteria being used by Speedy Cash, you may still be able to take a loan. Advise them that you are currently on leave and will be back in two weeks. They may also contact your employer and confirm this as a safeguard for the loan. Hope this helps!


  4. Default Gravatar
    February 7, 2018

    I was sent a text claiming that I had been approved for a loan of 10000$ from speedy cash. They said that since my credit score was below 580 that I had to go through a verication process .said they would make a small deposit in my bank and then when I signed it back they would deposit my money is this a legit offer from you at SO?

    • Default Gravatar
      March 27, 2018

      Hi Thomas,

      Thanks for leaving a question on finder.

      You may want to confirm first that the person you’re speaking with is a legit representative from Speedy Cash and not someone posing as a representative to conduct a scam. Please go to their website to verify their contact details so you can verify with them directly. You can learn more about how to spot a payday loan scam here.


  5. Default Gravatar
    December 27, 2017

    I get paid once a month on the 5th. If I borrow on the 2nd is the loan due 3 days later or will you allow me to pay it the following month on the 5th.

    • Avatarfinder Customer Care
      December 30, 2017

      Hi Heather,

      Thanks for your inquiry. Please note that we are not affiliated with Speedy Cash or any company we feature on our site and so we can only offer you general advice.

      If you are referring to Speedy Cash Loans, you can request for an installment loan and it gives you the ability to spread out your payments over a period of time. Please contact them directly
      by clicking on the ‘Go to site’ button on this page and you may inquire about their payments further.

      Best regards,

  6. Default Gravatar
    December 17, 2017

    I’m trying to get a loan but I don’t have a bank account I’m on ssi also

    • Avatarfinder Customer Care
      December 19, 2017

      Hi Talisha,

      Thanks for reaching out.

      There are lenders that will consider applicants without a bank account. Comparing lenders on this page is the best way to find a deal that matches your needs.

      Criteria also varies by lender, but generally you will need to be a resident of a state where payday loans are permitted, at least 18 years old (varies by state) and a US citizen or permanent resident. Additional information will be provided once you click on “more info” or “go to site”.


  7. Default Gravatar
    October 16, 2017

    Applied and denied

    • Avatarfinder Customer Care
      October 17, 2017

      Hi Danny,

      Thanks for reaching out.
      There are several factors why you might have been rejected for a loan. The reasons why are further discussed on this page. You can also review your application to make sure you didn’t miss any information or work through a lender-matching service where payday loan brokers can help you with the application process. Not every loan option may be right for you so be sure to consider all your options and compare the costs before applying again.


  8. Default Gravatar
    October 10, 2017

    I need $200 loan posted to my master debit card which as my direct deposit posted each month of $750.Can u help me medical needs?

    • Avatarfinder Customer Care
      October 11, 2017

      Hi Tomachia,

      Thank you for your inquiry.

      You can apply for a Speedy Cash short-term loan in-store or online as long as you meet these eligibility criteria:
      – You are at least 18 years old (varies by state)
      – You are an American citizen or a permanent resident of the US
      – You have a steady source of income
      – You should have an operational checking account (for online applicants)

      I hope this information has helped.


  9. Default Gravatar
    October 3, 2017

    Why would someone at Speedy ask for my username and password to my bank account?

    • Avatarfinder Customer Care
      October 3, 2017

      Hi Sheldon,

      Thank you for your question. Speedy Cash’s online application requires your checking account number and debit card information in order to verify where approved loan funds will be deposited and where to debit loan repayments. A representative should not ask for your username or password.

      Speedy Cash is a reputable lender offering short-term loans online, in-store and by phone. You may want to confirm that the person you’re communicating with is actually a representative from Speedy Cash and not someone posing as a representative to conduct a scam. You can learn more about how to spot a payday loan scam here.

      Feel free to reach out to us again should you have any other questions.

      Best regards,


  10. Default Gravatar
    September 25, 2017

    I would to get a loan for 2000.But my credit isnt good. I do have a secure job.

    • Default Gravatar
      September 26, 2017

      Hello Carla,

      Thank you for your inquiry.

      You can check our the payday loans located on this page. At the top of the comparison table, kindly select your state of residence as availability varies.

      It is worth advising that eligibility and lending terms differ, so it is imperative to understand it fully prior accepting the loan. You may click “Go to Site” green button of your chosen lender to proceed with your application.

      Hope this helps.


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