Can a loan be deposited on prepaid cards?

Yes. If you need a loan in the future, you’re often able to transfer your funds onto the same prepaid debit card for a fee. And you’re not limited to just loans. You may be able to receive direct deposits on your card — providing quick access to your paycheck, government benefits or tax refund.

Can you get a payday loan with a NetSpend account?

You cannot get a loan from NetSpend. Loans or payday advance loans are not available from NetSpend. However, you can deposit loan proceeds from other companies into your NetSpend account, as you would in a bank account. There are lenders that offer prepaid debit card loans on NetSpend cards.

Can you get a loan through NetSpend?

No. Loans or payday advance loans are not available from Netspend. However, you can deposit loan proceeds from other companies into your Netspend account, just like with a bank account.

Can I get a loan without direct deposit?

Can I Get a Payday Loan Without Having Direct Deposit? Yes, if you do not have any bank accounts with a direct deposit facility, you can still get the loan sent to your card. So, those without a direct deposit facility may apply for a loan payday.

Can you get a loan without bank account?

You can get a loan without a bank account. Having a bank account — specifically a checking account, in many cases — is a common requirement when you apply for a personal loan. If you don’t have a bank account, or think you can’t get one, you may still have some loan options.

Can you get a payday loan with a prepaid card?

If you depend on prepaid cards because you can’t get a bank account with a debit card, or a credit card, it’s unlikely that you will be granted a payday loan in the first place. Some loan companies – known as doorstep lenders – offer cash direct to your door, usually at an extortionate interest rate.

How does a prepaid debit card loan work?

Once your lender transfers your money to your card, you can use it to shop at stores, pay your bills and even withdraw cash at an ATM. You can set up your card for other deposits. Most prepaid cards can receive direct deposits, offering fast access to your paycheck, tax refund advances and government benefits.

Can you put a cash loan on a debit card?

If you don’t have a checking account and don’t want to carry a lot of cash around, you might be wondering if you can get your cash loans loaded on a prepaid debit card. Depending on your prepaid debit card company, you might be able to put your cash loan money onto the card.

Where can I withdraw money for a payday loan?

Since the majority of cards come equipped with the MasterCard or Visa logo, you can use your card almost anywhere. You can even withdraw cash from an ATM (at a high rate though, so be aware). State regulations determine how much money you can receive and the length of time for the loan.