How to Get Loans Without a Bank Account

If you don’t have a checking or savings account, you may have trouble getting a loan. But you’re not alone if you don’t bank traditionally. Although 96% of Americans have bank accounts, that still leaves 4% of Americans who are considered to be “unbanked.” So how can you get loans without a bank account? There are options!

Is it Hard to Get Loan With No a Bank Account?

It can be! One of the reasons why getting loans with no bank account is difficult is because lenders need to verify your income and financial history. One of the ways they can verify your ability to make payments is through bank statements. Other reasons why you may need a bank account is that your options to receive funding could be limited to direct deposit, which is impossible if you don’t have an account to deposit money into! But with title loans, there are many ways that you can receive funding that don’t require a bank account. That includes picking up your cash at a participating money transfer location or getting a check in the mail in some cases! Some lenders will let you pick up your money at their storefront location as well.

Can I Get a Loan Without a Bank Account?

Don’t have a bank account and looking for a loan? No problem! Title loans and some cash advances do not require you to have an active bank account during the application or repayment process. One of the benefits of choosing to apply for title loans with no bank account is that you don’t need to have a good credit score to get approved either.⁵

Max Cash® Title Loans may be able to connect you with a lender who can fund you in a way that’s convenient for you.^{2 5}Leave those kinds of struggles in the past. We may be able to connect you to fast and convenient funding with no hassle.

Check out some perks that may come from working with Max Cash Title Loans:

Open 7 days a week
Fast pre-approval^{2 5}
It is possible to get funding the same day⁵
Past bankruptcy is okay
Bad or no credit is okay
No pre-payment penalties³

Many of the lenders in the Max Cash Title Loans network are inclusive, which means that they normally have a high approval rating. Not having access to a bank account typically won’t stop an applicant from receiving approval through Max Cash Title Loans. We also do not judge based on past bankruptcy! People from various financial backgrounds can apply for title loans and receive fast financial help if they meet the lender’s requirements.

Other Options to Get a Loan if You Don’t Have a Checking Account

If you do not have a bank account and need access to money, you may have a few different options:

Ask Friends or Family for Help: If you trust a few different friends or family members, you can ask them for financial help if they are in a better position than you. Keep in mind that involving money in a relationship may turn things sour. Make sure to come up with a realistic repayment plan and communicate effectively to keep your relationship strong!
Get a Second Source of Income: When you can’t make ends meet, it may be time to consider getting a second job. You can take up a pet sitting gig on Rover or work a seasonal job at a book shop. Make sure to put your mental health first and don’t overwork yourself! Try to only work weekend hours and prioritize saving a little bit of extra money to make ends meet.
Consider Loans With No Bank Account: If you do not have any extra time for another job or you can’t ask for help, another option is a loan without a bank account. That could include title loans or cash advances!

How Do I get my Money if I Don’t Have a Bank Account?

Max Cash associated lenders have your best interest in mind, that’s why we work with them. That also means our lenders can give you options when it comes to receiving your funding. Some common ways people have received Max Cash Title Loans associated loans are:

Check sent through the mail
Direct deposit into an online wallet other than a bank account
Pick up money from the nearest money transfer location
Stop by the licensed lender and pick up your money in person

Click here to learn ever more about Max Cash Title Loans!