You must ensure that the selected lender approves Netspend cards for deposits, after which you can fill out an online form, wait for approval, and receive money.
Payday Loans That Accept Prepaid Accounts
Many people face emergencies from time to time and need funding before the payday. However, it can be difficult to quickly find the right type of funding to handle the costs. Of course, if you have a checking bank account, then you can apply for financing from many lenders. However, what if you only have a prepaid card?
Fortunately, today you can find such options as many people are looking for loans that accept prepaid accounts. Please note that generally online Payday Loans with prepaid debit cards are available for Visa or MasterCard holders.
How Do Payday Loans Deposited On Prepaid Debit Card Work?
You will be glad to know that if you have a prepaid debit card then obtaining a loan will not be a problem for you. All you need to do is apply for a loan online. Compare the offers of different lenders and choose the one that suits your wishes and needs.
After you send the application, the lender will need some time to study your data and approve your application. Once approved, you will be able to receive a deposit on an eligible loan account (your prepaid debit card will be registered with it).
Important! You can receive the card either in person or by mail. Also remember that as a rule you will need to register the card in your name. You will use it just like any other credit card and will be able to shop in stores, withdraw money, and more.
How Much Can You Get With Instant Prepaid Debit Card Loans?
Of course, the amount of Payday Loans that accept prepaid accounts may differ depending on the selected lender and state laws. Typically, you can get anywhere from $ 100 to $ 1,000 for your needs. Remember that the loan is short-term and you will need to pay off the debt on the day of your next paycheck (often within 14-21 days).
Important! In addition to the loan amount, you will also need to pay back the interest on the loan, which also varies depending on many factors, including the lender and state laws.
What Is Netspend?
Of course, if you do not have a valid bank account, prepaid credit card cash assistance is the best solution. The most important thing is that you can get help even if you have bad credit. This way, instead of a bank account, you will receive funds on a prepaid debit card. But it is important to note that not all companies provide such services, and even some of those who provide, may not allow prepaid debit cards by all merchants.
So, Netspend is a reputed service provider that offers customers prepaid Visa and MasterCard. Many government financial institutions have partnered with Netspend to provide cards to customers. These cards can be used to spend, add, manage and withdraw funds, as well as access services such as direct deposits and more.
What are the Eligibility Criteria for Receiving Netspend Cash Advances?
Once you have a Netspend Account, you can fill out a simple online form, but you will also need to meet the basic eligibility criteria:
- Be a US citizen or official resident
- Be 18 years of age or older
- Be employed or have an alternative source of income
- Have a valid checking or savings account on Netspend account
- Submit phone and email
- Provide a physical address
Important! Even if eligible, lenders can decide how much to lend based on your employment status and other factors.
How To Apply For Payday Loans With Netspend Card?
A claim with a Netspend Card is the same as with a checking account. However, you must ensure that the selected lender approves Netspend cards for deposits. So how do you apply?
- Fill out a simple form and provide basic information about yourself
- Wait for the lender’s response
- Get financing for your card within one day