Can you get payday loans without a checking account?

While it is possible to get a payday loan without a bank account, chances are that more information is needed in order for the lender to verify the applicant's income, says HowStuffWorks. The lender may charge higher fees for applicants who do not have bank accounts.

Having a bank account when applying for a payday loan allows lenders to draft the funds for the repayment easily whenever they are due, according to HowStuffWorks. Payday loans are a viable option for unexpected expenses since they do not require credit checks and need very little collateral, but they often come with steep interest rates and repayment terms.