How Do You Get a Payday Loan Without a Bank Account?

Getting a payday loan without a bank account typically requires an application, proof of income and additional fees, according to HowStuffWorks. Not all payday lenders lend to customers without a bank account, so customers without one are advised to contact lenders in the area to ask about the policy.

Just because a company offers to lend to those without a bank account doesn't mean it lends to everyone, states HowStuffWorks. Getting a loan without a bank account is quite expensive and, in many cases, more expensive than a typical payday loan. In some instances, the annual percentage rate on these loans exceeds 350 percent.

Most of the fees associated with a payday loan range from $10 to $15 for every $100 borrowed, explains HowStuffWorks. For those who are desperate for cash, that might not seem like a bad idea for a couple days. The problem occurs when these loans are left unpaid day after day and week after week. What may have been a simple $100 loan can turn into a $500 payback in a matter of a few weeks. This doesn't mean that payday loans are bad for everyone, but it does mean that people who borrow through a payday loan should ensure they can pay back the loan quickly.