Can You Get a Cash Advance Without Having a Bank Account?

What You Need to Know Before You Apply for Cash Advance

Getting a no bank account payday loan, or any loan, without a bank account can be challenging. Without a bank account, lenders cannot determine if you can repay your loan.  This is partly because payday lenders do not do hard credit checks. Instead, they examine your most recent banking history to determine your ability to repay your loan.


It is recommended you obtain some form of bank account if possible. Checking accounts are the best since they will show your recent payment history as well as your income. Having both checking and savings account is even better if your savings is a small amount.

Why Is a Bank Account Or Statement Required for Loans?

Whenever you request a loan, whether with a bank or for any other purpose, you will be asked for bank information, including your bank statements, before you are considered eligible for the loan. A few payday lenders can process a payday loan with no bank account, but this is extremely rare, and you will most likely have to provide collateral to get the loan. That means you will be risking something of value.

The standard process is for the lender to review your loan request and, if approved, to deposit your loan directly into your bank account. They will also withdraw your payment when it is due from your bank account. The general rule for lenders is not to accept people without bank accounts.

Is It Possible to Get a Loan Without a Bank Account?

Yes, you could use your credit card to receive cash as long as you have an open balance on your credit card account. Most credit card companies allow for cash advances, charging a much higher percentage in return. Any cash you withdraw will be added to your credit card balance at whatever rate your card company has established.
You would have needed a bank account to get the credit card in the first place; however, it is possible you closed the account after getting the card. 

Can I Get a Cash Advance Without a Credit Card?

There is another option called auto title loans. However, you have to put up your car as collateral, and if you miss a payment, the lender can often seize your car. Most people rely on their car to get to their workplace, so losing it is not a good prospect. Also, auto title loans are not legal in most states, so it is not an alternative for most people.

What Are the Alternative Solutions Available?

If you have poor credit, your loan options will be limited and more expensive. There will be few options besides withdrawing cash from a credit card or getting an auto title loan.

A friend or family member is where most people go when they need money or a loan. If you borrowed cash from them in the past and did not pay it back, this option will no longer be viable. Besides, some people have family members who are themselves short of money. 

So, the best way to ensure your eligibility for available loan options is to open and maintain a checking and savings account. 


Kimmy Burgess

Kimmy Burgess is the Manager of Cash in a Snap, which helps clients get connected to its large network of reputed lenders to obtain quick cash advances when they need it most. Kimmy has over 20+ years' experience in Administrative Management, with many years in the lending industry. Her expertise includes customer service, client services and other functions in the payday lending business. She has also spent time in the mortgage industry prior to her move into the payday lending field. Kimmy has a number of pets including cats, birds, and a Chinese water dragon.

Category: Cash Advance loans

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