Payday loans provided by most of the money lending companies and financial institutions are generally for those of who are employed and are having an active bank account and are above the age of eighteen. However with the need to service all categories of customers many of these lending companies and financial institutions have also begun providing to their customers loans without a bank account. This process however is a bit much harder to obtain, bearing in mind the simplicity of receiving the payday loans online. The customer without a bank account would be paid by way of a post dated check and would need to encash the check through some local bank. Further, the check would need to be collected from the lending company's office or received through the postal service. The borrower would need to keep a tag on the date of repayment, because any delay in payment would incur additional amounts as interest.