30+ Banks That Offer Early Direct Deposit

Banking

Waiting for payday to come isn’t easy, especially when you’re paid biweekly and have bills to pay. However, you can get paid early by banking with a bank that offers early direct deposit.

Instead of holding your paycheck for two days, the bank deposits it directly into your account as soon as they receive it from your employer. This means the money arrives in your account sooner, and you get your paycheck early, so you can pay bills and even invest that money.

Get Paid 2-3 Days Faster at These Top 10 Online Banks

To get started, you’ll need to find a bank that offers early direct deposit. Below are the top ten banks to consider.

1. Chime

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  • No monthly service fees, foreign transaction fees, or transfer fees
  • No minimum opening deposit or balance requirements
  • Use your Chime Visa Debit Card at 60,000 fee-free1 ATMs
  • Get paid up to 2 days early with direct deposit2
  • Chime Savings Account offers 2.00%3 APY and its Automatic Savings feature helps you save money with every paycheck

Chime® offers a mobile banking option that is easy to use and comes with plenty of benefits. When you sign up for direct deposit, Chime makes your paycheck available to you as soon as your employer deposits it, and that’s often two days earlier.

Setting up direct deposits is easy. When you open your account, you’ll receive a pre-filled direct deposit form through email. You can give that form to your employer and get started right away.

2. Current

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  • Fee-free overdraft protection of up to $100
  • 40,000 fee-free Allpoint ATMs
  • No minimum balance or hidden fees
  • Get paid up to two days early with direct deposit

Current is one of the fastest-growing mobile banking solutions in the U.S., with over one million members. However, Current is a financial technology company, not a bank.

With Current, you can earn up to 15x points and cashback when you use your Visa debit card at participating merchants. Banking services are provided by Choice Financial Group, which is FDIC-insured.

3. Axos Bank

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  • No credit check
  • $100 Sign-up bonus (Use code RC100)
  • No monthly maintenance fees or overdraft fees
  • Unlimited domestic ATM fee reimbursements
  • Get early direct deposits and tax refunds up to 2 days early

Axos Bank has been in business for 20 years. This bank offers many personal and business solutions, including a 0.61% APY high yield savings account. In addition, there are no monthly maintenance fees and no minimum balance requirements.

The Axos Rewards Checking Account has low to no monthly service fees and offers cash back rewards.

Furthermore, Axos Bank’s Direct Deposit Express feature means that you get early direct deposits. It’s available for all direct deposits, including monthly government benefits and tax refunds.

4. Albert

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  • No credit check
  • $150 bonus with a qualifying direct deposit and use of Albert debit card.
  • Fee-free overdraft up to $250 with no fees
  • 55,000 fee-free ATMs
  • Get your paycheck up to 2 days early

Albert is an online fintech banking platform that allows users to open an account without any minimum deposit requirement. When you open a new cash account and set up direct deposit with Albert, you can earn a $150 welcome bonus.

Additionally, users receive a free Mastercard debit card with cashback rewards and have access to the “Ask a Genius” feature on the Albert app, which is available 24/7 for any personal finance related questions.

With Albert, you can also get your paycheck up to 2 days early by setting up direct deposit and have access to 55,000+ ATMs for fee-free cash withdrawals as a Genius subscriber.

Furthermore, there are no minimum balance requirements and no monthly maintenance fees. All funds are insured up to $250,000 through federally backed FDIC protection.

5. Aspiration

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  • Unlimited fee-free withdrawals at over 55,000 ATMs
  • Minimum opening deposit is $10
  • Deposits are FDIC insured up to $2 million
  • Get paid up to two days early

The Aspiration Spend & Save account is an eco-friendly, hybrid checking and savings account. You can earn up to 5% APY.

The Aspiration debit card is made from recycled plastic. Deposits are 100% fossil fuel-free. And they even give you the option to plant a tree with every card swipe.

6. Navy Federal Credit Union

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  • Direct deposit with early access
  • ATM fee rebates up to $240 per year
  • No monthly service fees
  • No minimum balance requirements
  • No minimum deposit
  • Free personalized checks

Founded in 1933 by seven Navy employees, the NFCU offers access to early direct deposits with a Navy FCU Active Duty Checking account.

You are eligible for NFCU membership if you are a service member in any branch of the armed forces, a family member, or a Department of Defense civilian.

Early pay with direct deposit are delivered bi-weekly, and they’re detailed in the military posting calendar.

Navy Federal Credit Union uses MyPay for direct deposit. The Active Duty Checking account is available for active or retired service members who are stateside or deployed.

7. SoFi

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  • No minimum balance fees or monthly fees
  • 55,000 fee-free ATMs
  • No minimum deposit
  • Early pay with direct deposit

The SoFi Checking and Savings account has no overdraft fees, no minimum balance fees, and no monthly fees.

It also offers 55,000+ fee-free ATMs within the Allpoint® Network. Similar to Chime and Current, you can get your paycheck up to 2 days early with direct deposit.

You’ll also get a 1% APY on your checking and savings accounts and up to 15% cash back at local establishments with your SoFi debit card.

8. Varo

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  • No monthly service fee
  • Manage your money through your iOS or Android device
  • 55,000 fee-free Allpoint ATMs
  • No foreign transaction fees or transfer fees
  • Pay no overdraft fees with Varo Advance

Varo was founded in 2015 as a digital bank and offers online bank and checking accounts without monthly fees. You can sign up for a Varo bank account completely online, and there’s no need to go into a regional branch.

In addition, you can get early direct deposit and receive your paycheck and tax refund up to two days early with this account.

9. First Service Credit Union

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  • Early direct deposit delivers a paycheck up to 2 days early
  • Competitive rates and fees
  • Nearly 30,000 ATMs and 5,000 shared branches
  • Free Checking and Debit Rewards account has a $0 monthly fee and no minimum balance
  • High Yield Checking account has 1.50% APY on balances from $0 to $20,000
  • Membership qualifications include geographic location, First Service family members, employees or retirees of Select Employee Groups, and members of the You First Foundation

The First Service Credit Union has served the Greater Houston area for over 40 years. Today, this member-owned not-for-profit financial cooperative has grown to encompass 11 physical branch locations and more than 55,000 members.

First Service offers many personal banking benefits, including free checking with debit rewards, high yield checking accounts, and access a mobile app.

In addition, first Service’s early direct deposit option offers convenience and is easy to set up, and FSCU is known for providing quality, personal service.

10. Green Dot

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  • Deposit cash using MoneyPak at 90,000+ major retailers nationwide using the app
  • No overdraft fees or bank transfer fees
  • 2% APY on savings up to a $10,000 balance
  • 2% cash back on online and mobile purchases
  • Monthly fees of $7.95 are waived when you spend $1,000
  • Minimum opening deposit of $50

Based in Pasadena, California, Green Dot has been in business for 20 years. Green Dot offers an unlimited cash back bank account with plenty of perks, like 2% cash back on debit card purchases and 2% APY on savings.

With Green Dot’s ASAP Direct Deposit, you can get your paycheck up to two days early, and your government benefits up to four days early.

Also, Green Dot’s app allows you to bank from anywhere, and you can even get a “starter Card” Visa at local retailers to start using your new account sooner.

Other Banks to Consider to Get Paid Early

Here are 23 other checking and prepaid debit card accounts with early direct deposit that didn’t make our top 10.

  • Ally Bank
  • Ando Spending
  • Andrews Federal Credit Union
  • BlueBird Prepaid Visa or American Express
  • Capital One 360 Checking
  • CARD.com Prepaid Visa
  • Cheese Account
  • Citizens Bank
  • Credit Karma Money Spend
  • Douugh Banking
  • EFCU Financial
  • Fifth Third Bank
  • Freedom First
  • GoBank Checking Account
  • GTE Financial Full Access Checking Account
  • Huntington Bank
  • LendingClub Rewards Checking Account
  • One Account
  • OneUnited Bank Checking Account
  • Oxygen Account
  • Porte Account
  • Radius Bank
  • USAA
  • Wealthfront Cash Account

We’ve listed the best prepaid debit cards with reviews for your convenience.

Finding the Right Bank

When choosing the best bank with early direct deposit, be sure to consider factors like monthly and overdraft fees, and minimum balance requirements. Additionally, consider whether you prefer online banking or a bank with a local branch.

Here’s a quick run down of the major factors to consider when choosing a bank for any purpose, including early direct deposit:

FDIC or NCUA Insurance

Verify that any bank or credit union is federally insured by the Federal Deposit Insurance Corporation or the National Credit Union Administration. This confirms two things: firstly that you’re working with a legitimate financial institution, and secondly that your money would be insured up to $250,000 if the bank were to fail.

It’s unlikely that any legitimate bank or financial company will fail. However, this is more about determining whether you’re dealing with a trustworthy financial service provider.

Accounts & Services Offered

Most people will be looking for simple checking and savings accounts. However, there are many other types of accounts offered by both online banks and brick-and-mortar institutions. These include money market accounts, certificates of deposit, credit cards, and loans.

Depending on your financial needs, you might want to look for a bank that can provide all the accounts and services you’re looking for. This can be much easier than having to manage accounts with several providers.

Online vs. Traditional Bank

Many consumers still prefer to stick with traditional, in-person banking. No matter your preferences, it’s good to be aware that rates on online savings accounts are much more competitive than those of traditional, national banks.

For example, banking online opens you up to savings account APYs between 1% and 2%. The typical APY is 0.1% (and often less) at most brick-and-mortar banks.

The major trade-off is a different customer service experience, which for some might be a dealbreaker. With online banks, you’ll generally have to make do with your customer service over the phone, via email, or instant messaging chats.

Mobile and Online Banking Services

Having access to your bank account and banking services online is a necessity for most consumers today, regardless of whether your bank is traditional or digital. Online banks are convenient and can remove the need to spend precious time waiting in line at the bank.

Whether it’s depositing checks, sending wire transfers or paying bills, online and mobile banking apps can save you a ton of time and stress.

Fees

Fees are an essential consideration when choosing a bank for any purpose. While traditional banks can run a long list of fees and penalties, online banks tend to minimize fees, sometimes significantly.

Many traditional accounts will carry overdraft fees, monthly management fees, and minimum balance requirements that can cost you if you fall below them. If you do have a traditional bank account, ask about how you can have certain fees waived.

Opening multiple accounts or holding a certain amount in savings are some examples of things that can get fees waived.

Bank Reputation

Another thing to consider when choosing from banks that offer early direct deposit are reviews and reputation. You can search for reliable expert reviews online, as well as customer reviews, to let you know what to expect from any bank or credit union.

Decide what details are most important to you. Take some time to see how the banks you’re considering align with your needs before making any major decisions.

Summary

Whether online or brick-and-mortar, most banks have a largely similar array of products to offer. What differentiates them is generally the details and special features of their extra products and services. This is why it’s useful to review the various terms, fees, and services offered by any banks or credit unions which you’re looking at.

Consider what banking products and features are most valuable to you, and find a bank that offers products which align with your needs and financial habits. The bank or banks you choose to manage your money with is important.

Finding a bank that ticks all your boxes and minimizes your expenses can transform your perspective around money and make it easier for you to save and spend with ease.

The Pros and Cons of Early Direct Deposit

Below we’ve provided a detailed look at both the pros and cons of early direct deposit. Use this to help you decide whether early direct deposit could work for you.

Pros

  • Helps cover bills and other expenses on time.
  • Can help prevent incurring overdraft fees on expenses made before payday.
  • Receive tax refunds and other government-issued checks faster.
  • Peace of mind.

Cons

  • If your bank or account type doesn’t allow for early direct deposit, you’ll have to open a whole new account. This can open you to more banking fees and a less streamlined financial situation overall.
  • Early direct deposits could negatively impact the practice of good savings and encourage poor spending habits as money is more readily available.

Frequently Asked Questions

What is direct deposit?

Direct deposit is a feature that allows your employer to deposit your paycheck straight into your bank account instead of giving you a paper check that you deposit yourself. This gives you access to your money faster.

A regular direct deposit will usually take one to two business days to be fully processed and appear in an account after payment has been initiated. However, with early direct deposit, the payment will be available in an account much faster. Sometimes this can be up to two days quicker compared with a regular direct deposit.

Early direct deposit can land you with your paycheck a day or two earlier than normal. It can also allow you to receive other kinds of payments quicker. This includes federal and state tax refunds, as well as Social Security or other government benefit payments.

How do I set up direct deposit with my employer?

Most employers have direct deposit forms that they give new employees at orientation. All you have to do is fill out with your account number and routing number and hand it in.

What is early direct deposit?

With direct deposit, your employer sends your pay to your bank ahead of the upcoming payday. Your bank then releases the direct deposit funds to your checking account on payday.

With early direct deposit, your bank gives you access to your funds before the scheduled payday. Banks that offer early direct deposit post the funds to the receiver’s account as soon as the bank gets the direct deposit files from the Federal Reserve.

When your company sends payroll to the bank, traditional bank accounts will wait until the date stipulated by the employer to send the payments to individual accounts.

Early direct deposit works by forgoing this waiting period, and trusts that the company has sent the correct information. This allows payment to be accessed as soon as the payroll is sent to the bank.

That traditional waiting period is beneficial to banks, however, which is why many big banks don’t allow early direct deposit. During this period, known as float, the bank will double-check your deposit before sending it into your account. When the bank double-checks your account, it earns double the interest.

Does direct deposit always come early?

Standard direct deposit doesn’t come early. Employers deposit the money into your checking account on payday. Early direct deposit can get you your money up to two days early. Government benefits and tax refunds may come even earlier than that.

Exactly when the money arrives depends on when your employer processes payroll. Holidays can also affect when your paycheck is deposited.

How can I get my direct deposit early?

Several banks, credit unions, prepaid debit cards, and apps offer early direct deposits. You can get paid early if you set up direct deposit with your employer and have one of these accounts.

How do banks process paychecks early?

While any bank is capable of getting you your paycheck early, most of them don’t because they make more money by holding on to them. However, more and more banks are willing to advance the funds to you knowing that they will be reimbursed shortly after.

Can I get a direct deposit on the weekend?

Almost all banks conduct business exclusively during business days. While you may find an exception to the rule, you are unlikely to get a direct deposit on the weekend.

Even an early direct deposit can sometimes be delayed by the weekend. Federal holidays can also result in a delay to all banking business, including direct deposit. Check with your employer if you’re ever uncertain about the arrival of your direct deposit in relation to holidays and weekends.

What’s the difference between a direct deposit and a wire transfer?

Although direct deposits and wire transfers serve the same purpose at a basic level, they’re generally used for different purposes. Both are a common form of money transfer service that are central to most banks and credit unions.

The primary difference is that wire transfers typically cost money. They can sometimes be quite expensive depending on the institutions and distances involved.

Many people use wire transfers for sending one-off payments. Direct deposit, on the other hand, is often used by businesses for regular payment of employees and staff.

Wire transfers are also generally much faster than your everyday direct deposit, which is primarily why they can get so expensive.

Can direct deposits go into my savings account?

Direct deposits can be sent to both checking accounts or a savings account. Simply provide the appropriate bank account number when completing documentation for early direct deposit, whether on paper or online.

If you need to change the account in which your direct deposit arrives, submit your updated deposit information to your employer. This will ensure that you don’t have any delays in your pay.

Does Bank of America do early direct deposit?

No, Bank of America doesn’t currently offer early direct deposit or an early pay option.

Does Chase do early direct deposit?

No, Chase doesn’t currently offer an early pay option. However, direct deposits are available on the same business day they’re made.

Does Wells Fargo do early direct deposit?

No, Wells Fargo doesn’t currently offer the early direct deposit feature. However, they expect to be providing this service soon.

Should I start using direct deposit to get my paycheck early?

Direct deposit can allow you to move away from paper checks from your employer, and streamline your banking experience. The majority of Americans today receive their salary via direct deposit. The first step is to check with your employer to see if it’s an option for you.

If so, the process of setting up a direct deposit is pretty simple. You will need to supply your bank account number and routing number to receive your salary in your account. You should be able to access all the information at your bank, whether online, via mobile app, or in person.

Final Word

The vast majority of employees today use a direct deposit account for their paychecks. It’s simply a faster, more convenient and safer way of getting your salary into your bank account.

Many financial services providers can offer customers early direct deposit. With this service, you get your money faster than ever before, sometimes even two days before a typical direct deposit. This can alleviate a lot of stress when money is tight and bills are looming.

Chime is a financial technology company, not a bank. Banking services and debit card provided by The Bancorp Bank N.A. or Stride Bank, N.A.; Members FDIC. Credit Builder card issued by Stride Bank, N.A.

1. Out-of-network ATM withdrawal fees may apply with Chime except at MoneyPass ATMs in a 7-Eleven, or any Allpoint or Visa Plus Alliance ATM.

2. Early access to direct deposit funds depends on the timing of the submission of the payment file from the payer. Chime generally make these funds available on the day the payment file is received, which may be up to 2 days earlier than the scheduled payment date.

3. The Annual Percentage Yield (“APY”) for the Chime Savings Account is variable and may change at any time. The disclosed APY is accurate as of November, 17th, 2022. No minimum balance required. Must have $0.01 in savings to earn interest.

Paige Cerulli
Meet the author

Paige Cerulli is a freelance writer whose work has appeared in publications like Business Insider and Bing. She lives in Massachusetts and enjoys playing the flute and horseback riding in her free time.