Initially, it was not possible to get a payday loan without a checking account. However, just like technology keeps changing, things are changing everywhere. It is now possible to obtain a payday loan without having a checking account. You can do this online thanks to technology. The availability of the loan online enables many people to have access to it.
However, you will need to prove that you have either a consistent employment or you have a regular source of income. You should also be a citizen above eighteen years of age. This therefore comes in to minimize problems as a result of financial hurdles one may face especially at the middle of the month when these problems are prevalent. To a greater advantage, you can qualify for this loan whether you have credit problems which may include bankruptcy, charge-offs, bounced-checks among others.
However, it is wise to have a savings account because the reason you apply for these loans is that you need immediate cash. The lender needs this account to deposit your money immediately to your account rather than send it through mail which may end up taking too long and leaving you impatient. Payday loans are good for that rainy day because they require no collateral.