Get a Payday Loan with No Checking Account

by Liam Williams AUTHOR FOR COMPACOM

CAN I GET THE LOAN WITHOUT A BANK ACCOUNT?

Yes. But it is going to cost you more than the average loan. As many of your options fall into the category of short-term loans they are likely to have higher fees and APRs.

Among the options available for borrowers with no bank account are Payday Loans, Installment Loans, Personal Loans, Auto Title Loans, Pawnshop loans, bitcoin loans, etc.

The eligibility criteria for most of these loans are pretty much the same: You must be a permanent resident of the US who’s at least 18 years of age and living in a state where payday loans are legal. You'll also need to prove regular income and employment.

HOW TO GET A LOAN WITH NO BANK ACCOUNT?

The process of getting a loan with no bank account is quick and simple:

1. Apply online or in person.

2. Get approved.

3. Receive the money in cash the same day with no direct deposit.

Though it’s possible to get a loan without a checking account, you might want to consider other options available for borrowers with a bank account. Find out how to get a checking or savings account as most direct lenders require borrowers to have one.