Can you get a title loan without a bank account?

Quick Answer Yes, you can get a title loan without a bank account. Title loan lenders typically only require a clear title, identification, and proof of income. While some lenders may prefer a bank account for loan disbursement, there are options available for those without one.

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Kevin Johnson Answer updated on Jun 26, 2023

Fact checked by Dwayne Dumesle

Yes, you can get a title loan even if you don't have a bank account!

Title loan lenders usually only require ID, a clear title, and proof of income to qualify for a loan. Though, there are a few differences you'll need to plan for if you don't have a bank account.

Learn: Where can I get a title loan?

One of the biggest differences is how you provide proof of income. Title loan lenders often require proof of income (though, some do not) and use bank statements to verify your income.

But, this of course isn't an option if you don't have a bank account. There are several other forms of documentation commonly accepted by lenders for income verification, including but not limited to:

  • Pay stubs;
  • Pension plan statement;
  • Employer letter;
  • Disability award letter;
  • or an Unemployment benefits letter to name a few.

Another question I'm sure you have is, without a bank account, how can you receive your title loan funds? If you don't have a bank account, title loan lenders typically offer a few different alternative methods for disbursement.

Learn: Can I get a title loan without proof of income?

Some lenders offer the option to: have a check mailed to your home, pick-up your funds in cash in-store, receive your funds on a prepaid debit card or via a money transfer service like Western Union or MoneyGram.

Even though you can still get an instant online title loan without a bank account, it's still worth looking into setting up a checking or savings account with a bank.

Many banks offer free accounts, and putting your money in a savings account can help you grow your savings with interest![1] 💰


  1. Are All Checking Accounts Free? ↩︎

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