In case of payday loans, most lenders require that you have a checking account, but with some lenders savings account payday loan is also available. It is a short-term loan, typically up to $1000, which has to be repaid when you receive your salary. : http://ezinearticles.com/?Savings-Account-Payday-Loans-Instant-Cash-When-You-Require-It&id=804254