Anyone who has full time employment and a savings account can obtain a saving account payday loan. The money obtained can be used for unexpected expenses, overdue bills, and other various financial needs. The past requirement of needing a checking account to receive your deposit is no longer needed. You may want to check with your bank in order to make sure your deposit will not surprise you with any outrageous bank fees. The loan amounts available will vary depending on the lender chosen and the amount of income you receive on a regular basis. Searching for the best interest rate is another great idea for anyone looking for a payday loan.