Payday Loans That Accept Savings Accounts

Do you have bad credit and are unable to secure loans from the bank or get access to a credit card? Perhaps all you have is a savings account and are searching for payday loans that accept savings accounts.

Great News: Our site can help you connect with lenders in a matter of minutes as long as your savings account has checking account facilities (which most do these days).

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Payday Loans - What To Know First

If you are unfamiliar with the payday loan concept (sometimes called advance loans), this is a type of loan that you take out in order to tide you over until you next get paid.

Whether that's from employment, self-employment, insurance payouts, or some form of welfare - you just need to earn at least $1,000 a month and you can gain access to lenders offering loans online.

Repay in full within 31 days or on the agreed date within this timeframe and you'll be charged a single fee for the service - there are no multiple payments or installments. Since most people get their paycheck within a month, it couldn't be easier to meet your cash needs!

Did you know: Payday loans are not a title loan and require no collateral. They are a great solution for those facing unforeseen bills and cannot get financing elsewhere.

Online Payday Loans Provide Hassle-Free Application

We work exclusively with providers offering payday loans online because it is the fastest and most hassle-free way to borrow.

Simply choose a loan amount of between $100 and $1000 (the precise amount may vary from state to state and lender to lender) and we will attempt to connect you with a lender in just a few short minutes.

If connected, you complete the loan application on the lender's website to see if you have been approved. At which point you'll get to know the interest rates associated with the fee, the full loan terms and conditions, and it's then up to you whether you digitally sign for the loan or not.

You may also close the browser at any time with no obligation to continue, though if you've gone through the credit check process this may record a soft search on your credit report (this should not impact your credit score or your chances of obtaining another loan shortly after). So, all rights reserved until you sign for the product.

Payday Loan Application Checklist

Before proceeding with our fast cash loan connection system, make sure you meet the following simple requirements:

Now you are well on your way to accessing cash advance loans. But here's more...

Can you get a payday loan with a savings account?

The short answer is yes, but this didn't always be the case. Because payday lenders need to check your accounts (often through attaching digital statements to the application) it wouldn't make much sense to use a savings account over a checking account.

However, many savings accounts have checking facilities and you can still prove your income via a secondary checking account or other means so it no longer matters whether you are using a checking account or a savings account. In short, you need to be able to prove your identity and financial status.


The application process is entirely the same as using a checking account. Simply provide your email address, bank account details, and other personal details asked for by the lender, and you will know quickly whether you have been approved for the loan.

If you apply during the working week, you could see the cash in your account in as fast as one business day. Then you can use atm withdrawals or online purchases with the money. The repayment will then be taken from this bank account on the agreed date - so make sure you have enough funds for the transaction to complete and don't make an accidental withdrawal beforehand.

Will there be a credit check?

Because credit checks are partly about ID verification, before you get your cash, some form of a credit check will be carried out by the lender. However, just because you have a bad credit history doesn't mean you will be automatically disqualified. The lenders in our network look at a wide range of factors before making a decision, one being your income and employment status not just your banking history.

Because these types of advance loans are for small amounts of money there isn't as much risk involved, so as long as you're earning at least $1,000 most borrowers stand a good chance of being connected and approved for any amount of money within reason, up to $1,000.

One negative blip on your credit report shouldn't stop you from getting cash forever and that's a philosophy our lenders believe in. Credit checks are fast and automated and will not harm your credit rating. The entire approval process can be done online.

How Much Does It Cost?

Different states have different regulations regarding how much can be charged in interest and fees but the lenders in our network offer competitive rates and whether you are in California or New Mexico, we're sure you'll get a fair offer if connected and approved.

I'm in an emergency and need loans quickly

If you need money asap because of a financial emergency or your student loans have run out, loans of this kind can be the ideal solution. If you apply within the working week and your application goes smoothly with no further identity checks required, the lender will begin depositing the money right away.

That usually means you will see the cash in your designated checking account or savings account within one business day. Even documents can be attached digitally if you have them.

Can I get a payday loan with a prepaid account?

If you need money but don't have basic banking facilities you may still be able to use a prepaid cash card that's linked to a virtual bank via mobile app, which is becoming increasingly common.

In this case, the app acts and in many ways is a regular bank account, it just has a limited prepaid debit card with cash loaded on to it. As long as this card will be topped up with the amount due on repayment day. Ultimately it is up to individual lenders as to whether they will take repayment via a prepaid cash card or other debit cards.

Note: Repayment is still an important obligation and failing to pay could result in overdraft fees, bank charges, and other added fees from the lender. You could also bare the brunt of a collection agency that will be tasked with sending letters, calling, and even visiting your home to try to recover the debt.

Get started now for quick cash

Need cash quick to cover temporary financial hiccups and bridge the gap until you get funding, regardless of the savings accounts you own? Then a cash advance may be just what you need.

use our lender connection tool, choose an amount, and we will attempt to connect you to a payday lender in a matter of minutes. If connected the lender application couldn't be easier - you'll know onscreen if you have been approved. You can see the cash deposit in as fast as 1 working day. All you'll need is your name, basic employment and contact details, phone number, etc. What could be easier than that?

Note: Your application information is protected by industry-standard encryption technology and we and our partners never pass on or sell your data to third parties. You will need to provide your bank account information so the money can be quickly deposited and repayment taken.

Note: We are not a lender ourselves, we're a credit access business, and if you have taken out a product all customer support and questions will be handled by the lender. Our services are 100% free!

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Why Us?

We streamline the process by tapping consumers into a large network of over 100 lenders, so you don't have to apply one by one.

Customers no longer have to wait in line at the storefront lender or fill out stacks of paperwork before waiting days for approval. The process is much faster than the banks, just some of the many benefits of using our tool. There's nobody better on the internet!

Payday Loans Are Not For Everyone

Of course, payday loans are not for everyone, whether you have a savings account or not. If you wish to borrow more than $1,000 or need a longer-term loan to make repayments, an installment loan would be a better option. If you have a good credit score you may be better getting a traditional bank loan. There are many different loan products and options out there.

If you have taken out a payday loan and fear your savings account cannot cover the repayment you should contact the lender right away and they might be able to work out a reasonable payment plan until the debt is paid off.

Payday loan alternatives include credit cards, going to a pawn shop, getting true cash advances from your employer, government and credit union programs for any borrower in need, and another source such as friends and family.