Payday Loan Requirements

What do you need to get a payday loan? The following are cash advance requirements:

  • Meet minimum age requirements
    (18 in most states)

  • Valid ID

  • Proof of steady income

  • Open and active checking account

  • Working phone number

What do you need to get a payday loan online?

A payday loan can help you get the cash you need to cover life's unexpected expenses. If you choose to apply for a payday loan online, you will typically need to enter the following information:

  • Personal information including your full name, address, phone number, Social Security Number, and a valid ID number

  • Income information including your income type, employer information (if applicable), your pay frequency, and your income amount (some states may require income verification, in which you will need to submit a payment stub or copy of a bank statement)

  • Banking information including your checking account number and routing number (this is used not only for loan repayment, but also to get your payday loan money to you)

  • Card information is sometimes collected if you choose to repay your payday loan using a debit card rather than an ACH payment

What do you need to get a payday loan in store?

Payday loan requirements are basically the same to apply in store and online. The main difference is that you will provide a post-dated check for repayment, as opposed to providing your bank account information. Some payday loan stores may offer the option for automatic payment via bank transfer or debit card.

Get a Payday Loan Today

Are you ready to apply for a payday loan? Speedy Cash is here to help!

Not quite ready to apply? Learn more about how payday loans work.

Subject to state regulations, eligibility, credit check, underwriting and approval. Rates, terms and conditions apply. Installment title loans subject to minimum auto value requirements. See associate for details. Lending decisions and funding times subject to system limitations. Same day funding only available for Opt+ cardholders and in-store pickup. Minimum age to apply in Alabama is 19. A single payday advance is typically for two to four weeks. However, borrowers often use these loans over a period of months, which can be expensive. Payday advances are not recommended as long-term financial solutions. Customers with credit difficulties should seek consumer credit counseling.

In Texas, Speedy Cash operates as a Registered Credit Access Business (CAB). The actual Lender is an unaffiliated third party. Speedy Cash engages in the money transmission business as an authorized delegate of Western Union Financial Services, Inc. under Chapter 151 of the Texas Finance Code. Speedy Cash engages in the money transmission and/or currency exchange business as an authorized delegate of MoneyGram Payment Systems, Inc. and Western Union Financial Services under Chapter 151 of the Texas Finance Code.

In Ohio, SCIL, Inc. dba Speedy Cash, is a registered Ohio Credit Services Organization (CS.900174.000) operating pursuant to the Ohio Credit Services Organization Act. The actual lender is an unaffiliated third party.

CA: Licensed by the California Department of Business Oversight pursuant to the California Deferred Deposit Transaction Law. California loans other than deferred deposit loans are issued pursuant to the California Financing Law. Installment Title Loans subject to minimum auto value requirements.

Nevada: The use of check-cashing services, deferred deposit loan services, high-interest loan services or title loan services should be used for short-term financial needs only and not as a long-term financial solution. Customers with credit difficulties should seek credit counseling before entering into any loan transaction.

Tennessee: The State of Tennessee requires a minimum principal reduction. In order to comply with the minimum state-required principal reduction, Speedy Cash requires that minimum payments include a principal reduction of 2% or $2.50 for Customers who get paid bi-weekly/twice-a-month, or 4% or $5 for Customers who get paid monthly, whichever is greater.

Opt+: This card is issued by Axiom Bank or Metropolitan Commercial Bank, Member FDIC, pursuant to a license from Visa. Visa is a registered trademark of Visa USA Inc. All trademarks and service marks are property of their respective owners. ATM: Free withdrawals at any Speedy Cash or Rapid Cash location. Transaction fees will apply for all other ATMs. No charge loads/unloads at Speedy Cash and Rapid Cash locations only.

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