How will my payday loan be paid to me?

Many lenders will offer one or more of the following options:

  • Pay you in cash
  • Electronically deposit the funds into your checking account
  • Give you a check
  • Wire funds to you
  • Put the money on a prepaid debit card

However, some of these options might carry an additional cost. If you have a preference, shop around to find a lender that will provide the money the way you want it.

TIP:

Ask about added fees. Make sure you ask about any additional fees that you might have to pay for each of these options. If you are concerned that you may have been charged an additional fee illegally or that it was not properly disclosed to you, contact your state regulator or attorney general.

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