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In most cases, YES.
The majority does edward jones do personal loans personal loan lenders will have the same basic requirements, including a steady income and valid checking account.
Of course, the cost of maintaining a checking account seems to keep increasing every year, and the only way to avoid the fees is through elaborate systems of automatic transfers and minimum balances. Or is it. The solution to the high-priced checking account dilemma may actually be to ditch the traditional checking account altogether - and head online.
A number of banks are now offering fee-free online-only checking accounts with all the basic features, including direct deposits, bill paying, and debit cards. What you wont get is access to brick-and-mortar branches with in-person tellers or dedicated ATMs. This means any check deposits will need to be done remotely.