A payday advance is a fast and easy way to get the cash you need fast. There is no credit check and little red tape. All that is needed in most cases is some basic contact information and proof of employment. Banking information may be required depending on the form of payment you choose to accept. What are the options for payment? There are several, and the way you choose to take your money is up to you. The decision will depend on several factors unique to your situation including the trustworthiness of the lender, time constraints, privacy needs, and more.
For the most part the options for receiving your funds are the same whether you apply at the storefront or online. There is one option that is only available in person however. If you go to the lender’s place of business, you can receive a check, prepaid debit card, or a direct deposit into your bank account. However, you may also be able to choose a “cash in hand” option that is often preferable to those who need cash and need it now.
Applying online is by far the fast and easiest way to get a payday advance. However, you will likely have to wait a tiny bit longer for your money. While approval may be instantaneous, the fact that you are not face to face with the lender means they cannot hand you a check, debit card, or cash right away. The best way to get your money in this scenario is to have the money direct deposited into your bank account. Some borrowers are not comfortable with this, but if you do your research and choose a reputable lender, the chances of there being an issue are slim. Other options, such as a check or debit card, will not require banking information but will require waiting for processing and for the check or debit card to come through the mail.
Honestly, it just depends. If you need money fast, then the fast way to get it is to go to a storefront that offers cash in hand. This can be difficult to do when working hours do not allow for it, or if you would prefer not to be seen in the store. This is why many choose the online option. You can apply from the comfort of your own home. However, if you need money as fast as possible, you will need to choose the direct deposit option. This will mean releasing your banking information. Most often this is a safe thing to do if you are comfortable with the lender and the site. If you cannot gain that level of comfort however, this may not be the best option. In the end, the choice depends on your personal time, privacy, and simplicity needs. The options are many, and you should have no problem finding one that works well for your situation.