A number of years ago, when payday loans first became available, the lenders as well as borrowers felt that these loans were rather risky propositions.The financial institutions believed they were risking that the people they lent the money to might go bankrupt and not repay the loan while the borrowers risked paying very high interest rates. That's why these payday loan companies demanded that each and every person who wanted a loan would need to have a checking account.In those days if you didn't have a checking account you could not get a loan. Things are different now.Even if you do not have a checking account, as long as you have a savings account and meet some additional basic requirements, you can now get a cash advance with quite a few payday loan companies.However, like with most other loans, there are still some requirements.In addition to having a savings account you will also need to have a way of repaying the loan and you will have to be able to give thefinance company a valid street address. If you are working you will have to give the name of your employer so that the loan company can verify that information. Payday loan companies in the United States also ask for your social security number and require that you are at least eighteen years old.These simple things now makes it possible to put cash into the hands of the people who need it the most.How to Apply for a No Checking Account Payday LoanThe best way to get a payday loan without having a checking account is by applying online. There are tons of companies that want to do business with you once you take a few minutes to fill out an online application.Because the interest rates are so high and because they can vary from one loan company to the next, the best thing to do would be to take a little time before you actually need a loan and compare different cash advance companies.This way, when you find yourself needing money fast, you can apply for a savings account payday loan with the financial institution that has the losest interest rates.And isn't it good to know that even without having a checking account you now have an excellent source of geting emergency funds whenever you might need help?