35 Banks That Offer Early Direct Deposit

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.

Top 12 Banks With Early Direct Deposit

Want to access your funds 2 to 3 days sooner? Discover the 12 best banks that offer early direct deposit here, plus 23 other options below:

1. Chime

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  • No monthly service fees or foreign transaction fees
  • No minimum opening deposit or minimum balance
  • 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

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. GO2bank

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  • Early direct deposit delivers a paycheck up to 2 days early
  • Access to over 19,000 ATMs
  • 4.50% APY on savings up to $5,000
  • Overdraft protection up to $200

GO2bank is a neobank created by Green Dot, a fintech company. The bank offers an online checking account with separate savings subaccounts called vaults.

There is no minimum balance required to open an account online. Additionally, the bank offers an attractive 4.50% APY on savings accounts on savings up to $5,000.

With 90,000 retail locations for cash deposits and 19,000 fee-free ATMs, GO2bank provides convenient access to money.

Direct deposit users can get their pay up to 2 days early, while government benefits recipients can get theirs up to 4 days early.

Opt-in and eligible direct deposits can receive overdraft protection up to $200. For those looking to build their credit over time, the GO2bank Secured Visa Credit Card can be a useful tool. The card is easily applied for after eligible direct deposit.

Finally, GO2bank’s monthly fee is waived whenever you receive a direct deposit in the previous monthly statement period. If not, the fee is just $5 per month.

3. Chase

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  • $100 bonus after 10 purchases in 60 days
  • Over 16,000+ fee-free ATMs
  • $4.95 monthly service fee
  • Get paid up to two business days sooner with early direct deposit

Chase Bank is a well-known player in the U.S. banking scene and now offers a secure and hassle-free option called Chase Secure Banking. This account comes with numerous advantages, including no credit checks, no ChexSystems, and no overdraft fees.

For those who value convenience, this account also provides access to over 16,000 ATMs, free online bill payment, and even complimentary money orders and cashier’s checks.

And for those who prefer in-person banking, Chase’s vast network of branches – boasting 4,700 locations across the country – is a major plus.

With a Chase Secure Banking account, you’ll also receive a $100 cash bonus if you use your debit card for ten purchases within 60 days.

Getting started is simple and straightforward. Approval is immediate, and your card will arrive in no time. There is a small monthly fee of $4.95, but there’s no minimum deposit required.

4. Current

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  • Fee-free overdraft protection of up to $100
  • 40,000 fee-free 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 an online checking account from 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.

5. Revolut

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  • No monthly service fee
  • Earn up to 4.25% APY on savings
  • Free withdrawals at more than 55,000 ATMs
  • Commission-free stock trading

Revolut is an all-in-one app that simplifies your financial life by combining digital banking, currency exchange, investment tools, and budgeting features in a single user-friendly platform.

It streamlines money management and offers a seamless experience for those seeking modern, efficient financial solutions.

With the Revolut debit card, you can enjoy free access to over 55,000 ATMs and no-charge withdrawals from out-of-network ATMs up to $1,200 monthly. Additionally, you receive 10 international transfers per month without any fees.

You don’t have to wait for the physical card to arrive, as you can immediately use the digital card with Apple Pay or Google Pay.

The account offers cashback, discounts from leading brands, a savings account, and more perks. Furthermore, the FDIC insures your funds up to $250,000.

6. Axos Bank

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  • $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
  • No credit check

Axos Bank’s Essential Checking Account is an attractive option for individuals seeking comprehensive banking solutions. Catering to both personal and business needs, the bank offers a remarkable 3.30% APY high yield checking account.

Customers can enjoy a stress-free banking experience with no monthly maintenance fee and no minimum balance. Additionally, Axos Bank provides unlimited ATM fee reimbursements, ensuring convenience and cost-efficiency.

To further enhance the banking experience, Axos Bank features Direct Deposit Express, granting early access to all direct deposits, including monthly government benefits and tax refunds, providing customers with greater financial flexibility.

7. Albert

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  • Advance up to $250
  • Free access to over 55,000 ATMs
  • Get your paycheck up to two days early
  • No credit check

Albert is an innovative fintech banking platform that offers a hassle-free account opening process, with no minimum deposit requirement or credit check. By signing up for a new cash account and setting up direct deposit, users can earn a generous $150 bonus.

In addition to this lucrative incentive, Albert also provides a free Mastercard debit card that rewards users with cashback for every transaction. For any financial inquiries, users can turn to the “Ask a Genius” feature on the Albert app, which is available 24/7.

As a Genius subscriber, users can also enjoy the convenience of receiving their paychecks up to 2 days early by setting up direct deposit. With access to over 55,000 ATMs, cash withdrawals are always fee-free.

Moreover, Albert has no monthly fee or minimum balance requirement, and all funds are fully insured up to $250,000 through federally backed FDIC protection. Join Albert today and experience hassle-free banking like never before.

8. 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
  • No minimum deposit
  • Free personalized checks

Founded in 1933 by seven Navy employees, the NFCU offers access to their paycheck one business day early 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.

9. 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

SoFi is a prominent online bank that offers a Checking and Savings account with a variety of customer-friendly features. There are no overdraft fees, minimum balance fees, or monthly fees.

In addition, SoFi provides access to over 55,000 ATMs within the Allpoint® Network. Like other online banking platforms, SoFi account holders can benefit from receiving their paychecks up to 2 days early with direct deposit.

One of the standout features of SoFi’s Checking and Savings account is the competitive 4.20% APY on both checking and savings balances with direct deposits. There is no minimum direct deposit amount required to qualify for this rate.

This interest rate encourages customers to save and grow their money over time. Furthermore, SoFi debit card users can enjoy up to 15% cash back at local establishments, providing an additional incentive for using the bank’s services.

10. Varo

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

Varo, a digital bank founded in 2015, provides online banking and checking accounts without monthly fees, making it easy for customers to manage their finances.

Signing up for a Varo bank account is a breeze, as the entire process can be completed online without the need to visit a regional branch. One of the appealing benefits of this account is the ability to receive your paycheck and tax refund up to two days early.

There’s no credit check or minimum balance required. Additionally, you have the option to deposit cash at over 90,000 locations and access more than 55,000 ATMs for withdrawals.

These ATMs are conveniently located in well-known shopping destinations like Target, CVS, and Safeway, making banking seamless and convenient.

Lastly, Varo enables fast and free cash transactions with services like Zelle and Varo-to-Varo transfers, streamlining your financial management.

11. Ally Bank

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  • No minimum balance requirements
  • No monthly maintenance fees
  • Over 43,000 no-fee Allpoint® ATMs
  • No overdraft fees

Ally Bank’s Interest Checking account is a standout choice for those seeking a hassle-free banking experience with numerous perks.

With no monthly fee and no minimum balance requirement, it offers customers the flexibility and freedom they desire. Additionally, Ally Bank boasts competitive rates on deposit accounts, including an impressive 0.25% APY on its checking accounts.

One of the most attractive features is their zero overdraft fees policy, which helps customers avoid unexpected costs. As part of Ally’s extensive suite of financial services, account holders also enjoy access to a network of over 43,000 no-fee Allpoint® ATMs.

Plus, Ally Bank is committed to keeping your expenses low by reimbursing up to $10 per statement cycle for fees incurred at other ATMs nationwide.

12. 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 $2.25 million
  • Get your paycheck up to two days early

The Aspiration Spend & Save account is an innovative, eco-friendly hybrid of a checking and savings account, designed for environmentally conscious consumers.

Offering an enticing up to 3% APY, this account encourages responsible financial management. Aspiration’s commitment to sustainability is reflected in their debit card, made from recycled plastic, and their assurance that deposits are 100% fossil fuel-free.

Furthermore, they provide customers with the unique opportunity to plant a tree with every card swipe, supporting reforestation efforts. Aspiration adopts a “Pay What is Fair” philosophy, allowing you to choose your own fee based on what you believe the service deserves—even if it’s $0.

To top it all off, account holders enjoy unlimited fee-free withdrawals at a vast network of over 55,000 ATMs, making banking both eco-friendly and cost-effective.

Other Banks with Early Direct Deposit to Consider

Here are 23 other checking and prepaid debit card accounts with early direct deposit that didn’t make our top 12.

  • Ando Spending
  • Andrews Federal Credit Union
  • BlueBird Prepaid Visa
  • Capital One 360 Checking
  • CARD.com Prepaid Visa
  • Cheese Account
  • Citizens Bank
  • Credit Karma Money Spend
  • Douugh Banking
  • EFCU Financial
  • Fifth Third Bank
  • First Service Credit Union
  • Freedom First Credit Union
  • Green Dot
  • GTE Financial
  • Huntington Bank
  • LendingClub
  • One Account
  • OneUnited Bank
  • Oxygen Account
  • Porte Account
  • 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 interest rates are much more competitive than those of traditional, national banks.

For example, banking online opens you up to APYs on savings accounts between 3% and 5%. 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.

Online and Mobile 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 this feature 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 receive your paycheck 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.

Does Bank of America, Chase, or Wells Fargo offer early direct deposit?

Bank of America, and Wells Fargo currently do not offer early direct deposit as a standard feature of their accounts. These banks typically make direct deposits available to customers on the actual payday. However, Wells Fargo expects to offer this service soon.

Chase doesn’t offer it on most of their accounts, but they do with Chase Secure Banking.

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 May, 22, 2023. 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.