When payday loans first became available about thirty years ago, both the lenders and the borrowers thought it was kind of a risky proposition.

The lender thought the borrowers could go bankrupt and then write off the loan - making it a total loss for them. The borrower was risking the cost of high interest rates in order to get a loan.

So to cover themselves back then the lenders required people to have a checking account for them to borrow money. If you didn't have a checking account you were simply out of luck. They wouldn't lend you a dime.

Since then, luckily, things have changed.

Now there are companies that do not require a checking account for you to get a cash advance. They offer savings account payday loans. Most cash advance companies offer loans of $100 up to $1,000 or $1,500.

But there are still eligibility requirements you must meet if you want a no checking account payday loans.

As with any loan, these no checking account payday loans also have some conditions which must be fulfilled.

The most important condition is that you at least have a savings account.

In addition to that you must be a citizen of the United States, be at least 18 years old, have a steady source of income, and have lived in your home for at least the past three months.

Monthly income requirements vary. Some payday loan financial institutions require that you have at least $1,000 coming in each month after your expenses. Others require that you only make $800 a month. And with some lenders different sources of income are okay aside from having a job.

And now - because you don't need a checking account - it's possible for a lot more people to apply for payday loans.

And because these loans are so easy to get it really helps people who don't have a checking account but need some extra cash.

The great thing about the no checking account payday loans is that it makes cash advances available to the people who really need them the most.

How can you apply for no checking account payday loans?

By far the easiest way to apply for a no checking account payday loan is on the internet.

There are probably thousands of financial institutions that would love to give you a cash advance immediately after you fill out their online application.

Different payday loan companies offer different rates. Because of that the best thing you can do for yourself would be to look at several different loan companies and see which one offers you the best rates and fees before deciding on the right one for you.

That way, when time is short and you need money fast, because you've already done the research, you can immediately apply for a savings account payday loan.

You'll get the cash you want within 24 hours, and sometimes in as little as one hour.

When you find the best payday loan company for you, you will have discovered an excellent source of emergency funds that are available to you whenever you need help.

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