So, you need a payday loan or cash advance but you don’t have a checking or bank account. Can it be done? While it is possible to get a quick cash loan without a bank account, it may be difficult to find a lender that’s willing to work with you. It may be more likely to get a credit card cash advance. Most online lenders require a checking account to consider you for approval, but some online lenders don’t, so it is still possible to get a cash advance online with no bank account. Keep in mind that to submit an online application you’ll also need to provide a proof of income. 

Finding a good loan that meets your needs can be a stressful process. And finding a cash advance can be even more difficult. If you need a short-term loan without a checking account, read on to see what loan options are available to you. 

What’s the Difference Between a Payday Loan and a Cash Advance?

There are many different types of short-term loans out there, and sorting through all of their terms and conditions is a tedious process. If you’ve done your research, then you’ve likely heard the terms “payday loan” and “cash advance.” But what are they, and how do these types of loans work?

What is A Cash Advance?

A cash advance is a term that’s used for a number of different financial services. One of the most common forms of a cash advance is withdrawing cash from an ATM or bank using your credit card account. This is just like using an ATM for regular checking account withdrawals, except the money will come from your credit card. There are a couple of big differences between a regular ATM transaction and a credit card cash advance—The main difference is cost. 

Be weary of the costs of taking out a credit card cash advance. While it may seem like an easy way to get fast money, the fees may not be worth it. Unlike a normal credit card purchase, a cash advance does not come with a grace period. This means that the interest on your withdrawal amount will begin to accrue immediately. 

In addition to immediate interest charges, your credit card provider will also likely charge you a cash advance fee. So what is a cash advance fee? This is usually $5–$10 minimum, and can be as much as 2–8% of the withdrawal amount. They will likely charge you whichever fee is higher. So if you take out $100 in a credit card cash advance, you may receive a $10 charge on top of it since that would be higher than an 8% charge.1 These fees can add up quickly, so be careful. 

The term “cash advance” is also sometimes used to refer to short-term, high-cost loans like a payday style loan. Many people use both terms interchangeably. So what is a payday loan? 

What is A Payday Loan?

A payday loan, like a credit card cash advance, is another way to get a quick cash loan. Unlike a credit card cash advance, a payday loan will require you to fill out an application with a lender. It’s considered to be an unsecured loan since they don’t require any collateral. 

Payday loans typically last two weeks, and they’re used by people who need the extra money to make it to their next payday, hence the name. They are typically for small amounts, ranging from a couple hundred dollars up to about a thousand dollars, depending on the lender and where you live. 

Many borrowers who take out payday loans have bad credit scores, which means the payday lenders will likely charge higher interest rates. Because of these interest rates it’s important to make sure that you can repay your loan before you take one out. Otherwise you may get stuck in a cycle of debt. 

Borrowers with bad credit history who can’t repay their loan on time may have no other option than to roll the loan over to a new term. This means that the lender will offer to extend the loan and allow you more time to repay it, while also adding additional fees and interest. 

Getting a short-term bad credit loan is only a good option if you need money right away and you’re certain you can repay it on the due date. But can you get a payday loan without a checking account? The short answer is: yes, although it’s unlikely. 

Getting Quick Cash Loans

So, you’re probably still wondering how you can get cash now, with no checking account. However, most personal loans will require you to have one. It’s unlikely to find a lender that would offer a cash advance or payday loan with no checking account. This is because it helps the lender make sure you’re able to repay the loan after taking it out. They’ll likely want to check your account to see what your current income is, whether you’re in debt, and if you can afford the loan you’re borrowing. 

If you don’t have a checking account, you may still have some options. There are some credit card providers that may allow you to open a credit account without a checking account.² This means you could potentially get a credit card, and then get a credit card cash advance with your new card. But remember, the fees and interest may not be worth the money you’re taking out. 

It may be more complicated to get payday loans and even if a lender is willing to work with you, they may require much more information and documentation before they feel safe enough to lend you money. This is simply because they don’t have any account history to make sure you’re a good candidate for a loan. 

Getting a Cash Advance with A Prepaid Debit Card

Another way to work around not having a bank account would be to use a prepaid Debit card. Not all lenders will offer this loan option, so you’ll need to do some research to find a trustworthy lender that does.  

If they do offer this option, you’ll find that it works pretty much the same way as a normal payday loan or cash advance. You apply for the loan, they decide whether or not to approve you, and if approved you receive the money. The main difference is that instead of receiving actual cash or having the money directly deposited into your checking account, they would put the money onto your prepaid debit card. 

I Need Money Today—Now What?

Now that you know what cash advances and payday loans are and how they work, you can decide which option may be right for your situation. While there aren’t many ways to get money now with no bank account, there are some loan options available to you:

  • Find a lender who will provide a payday loan without a account needed
  • Get a prepaid debit card, and use that to apply for payday loans
  • Find a credit card provider that will offer you a credit card with no account needed

No matter which option you choose, it’s important to make sure you are able to repay your loan or cash advance before you apply for a loan. Rolling over loans can lead to more fees and debt in the long run. Make sure to review the terms and conditions before you get a loan, and ask questions if there’s something you don’t understand. 

If you’re looking for a safe and transparent lender who’s here to help, then CreditNinja is the right choice for you. Our terms and conditions are always clearly stated and easy to understand—No hidden fees, no confusing terms. We care about our customers and their financial futures. Apply today at