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In today’s world, where things move at a brisk pace, efficiency and speed are crucial. Early direct deposit offers just that: a quick and convenient way to receive your paycheck or other income straight into your bank account. No more standing in long lines to deposit checks, now you can access your hard-earned cash up to 2 days earlier.
To make your search for the right bank easier, we’ve put together a comprehensive list of 21 banks and credit unions that offer this useful service. From traditional in-person banks to cutting-edge digital options, we’ve got you covered. Our list will help you find the bank that fits your direct deposit needs.
Banks That Offer Early Direct Deposit
Looking to get paid ahead of schedule? Check out our list of the best banks that offer early direct deposit.
Sign-up bonus: Up to $250 with qualifying direct deposits
No monthly fee
Earn up to 4.50% APY on savings
Over 55,000 fee-free ATMs
The SoFi Checking and Savings account comes with a plethora of benefits, including the no overdraft fees, no balance requirements, and no monthly fees.
In addition, you can use 55,000 ATMs at no cost via the Allpoint® Network. If you set up direct deposit, you can earn 4.20% APY on your savings and 1.20% on your checking accounts.
Also with direct deposit, you can earn a bonus of up to $250, plus you’ll receive your paycheck up to 2 days earlier. In addition, can enjoy up to 15% cash back at local businesses when you use the SoFi debit card.
Get paid up to 2 days earlier with direct deposit2
Chime® offers an award-winning financial app, a debit card, and a credit builder Visa® credit card, all with no credit check.
The Chime Checking Account is perfect for those who want a stress-free banking experience. Say goodbye to monthly maintenance fees, foreign transaction fees, and minimum balance fees.
Building your credit has never been easier with the Secured Chime Credit Builder Visa® Credit Card7. No annual fees, no credit checks, no interest charges – it’s a secured credit card that’s perfect for establishing or improving your credit score.
With over 60,0001 fee-free MoneyPass® and Visa® Plus Alliance ATMs, plus the option to deposit cash for free at over 8,500 Walgreens locations, banking with Chime is a breeze.
And with direct deposit2, you can get your paychecks up to 2 days earlier. All of these features make Chime a smart choice for your financial needs.
Unlike a traditional bank, Current is a fintech company that offers innovative financial solutions. They don’t run credit checks or utilize ChexSystems, making it accessible for everyone.
With Current, your everyday purchases can shape your financial future. Simply by swiping your debit card, you can build credit. No loans or credit check needed. There are also no monthly or annual fees for this service.
A Current mobile bank account boasts several benefits, including fee-free overdraft protection and free access to over 40,000 Allpoint ATMs via your Current debit card. There are no hidden fees, nor do you need to maintain a minimum balance.
By signing up for a Current Premium account, you can receive your paychecks up to two days early through direct deposit.
On top of that, Current offers generous savings opportunities with their Current Savings Pods, boasting up to 4.00% APY.
GO2bank is a neobank offered by Green Dot, a well-established financial technology company. Customers can open a checking account featuring subaccounts known as vaults without a minimum balance requirement.
GO2bank provides an attractive 4.50% APY on savings accounts for balances of up to $5,000. Access to funds is made easy through cash deposits at 90,000 retail locations and fee-free ATMs at 19,000 locations.
Additionally, customers can receive their pay up to 2 days in advance and government benefits up to 4 days early via direct deposit.
You can also opt for overdraft protection up to $200 with eligible direct deposits.
GO2bank offers the GO2bank Secured Visa Credit Card, which can assist customers in building their credit over time through responsible use.
The $5 monthly fee is waived when you receive payroll or government benefits through direct deposit.
Chase offers a secure and convenient option for banking in the form of its Chase Secure Banking checking account. Equipped with a Chase debit card, this account grants you access to a vast network of over 16,000 fee-free ATMs.
This checking account offers features such as free online bill payment, no-cost money orders and cashier’s checks, and protection from overdraft fees.
Additionally, there’s no minimum deposit required to get started. However, it’s worth noting that there is a monthly service fee of $4.95.
For those seeking an extra incentive, Chase Secure Banking has you covered. Open an account and make 10 eligible purchases within 60 days and you’ll be rewarded with a $100 cash bonus.
Approval is immediate, and the debit card is issued quickly, so you can start banking with ease. Choose Chase Secure Banking for a secure, convenient, and rewarding banking experience.
The Essential Checking account offered by Axos Bank is an ideal option for those seeking a hassle-free banking experience. With zero monthly maintenance fees, and reimbursement for all domestic ATM fees, you’ll enjoy a stress-free banking experience.
Plus, with unlimited free mobile deposits, your funds will also be safeguarded with FDIC insurance up to $250,000.
No need to worry about overdraft or insufficient funds charges – Axos Bank has got you covered. And with no minimum balance required, you can open the account with just a deposit of $50.
And, in contrast to other banks, Axos Bank doesn’t use ChexSystems or check your credit report, making it easier for you to open your account.
Dave’s Spending account, available through its intuitive mobile app, allows customers to effectively manage their funds without the hassle of overdraft fees or minimum deposit requirements.
Once signed up, users can immediately use their digital Dave Debit Mastercard® through Apple Pay® or Google Pay™, and if they wish for a tangible card, it’s readily available upon request. Banking with Dave means securing your money, as every account is FDIC-insured up to $250K through the reputable Evolve Bank & Trust.
An outstanding feature of Dave is the vast network of fee-free ATMs, boasting over 40,000 MoneyPass® ATMs, conveniently located in familiar places like 7-Eleven.
Not only does Dave accelerate your payday by up to 2 days through Direct Deposit, but they also introduce a novel way to save money. Their Round Up feature assists users in boosting their savings by rounding up their purchases, effortlessly helping them reach their financial goals.
Furthermore, the Dave Debit Mastercard® provides users with an enticing opportunity to earn up to 15% cash back on their shopping. With Dave, depositing funds has never been easier.
Customers can directly deposit their paychecks, use ACH, Apple Pay®, or Google Pay™ for transfers, or even deposit cash in-store at popular locations like CVS and Walgreens.
Lastly, for those unexpected expenses, Dave provides an ExtraCash™ feature, where users can get advances up to $500, offering flexibility and assurance in their financial journey.
No monthly fee with direct deposit of $500 or more
Earn cash back on Walmart purchases
Overdraft protection up to $200 with opt-in & eligible direct deposit
Earn 2.00% APY on savings
The Walmart MoneyCard serves as a compelling alternative to conventional checking accounts, designed as a prepaid debit solution.
One of its standout features is the cash back offering, where users can earn 3% for purchases made on Walmart.com, 2% when filling up at their fuel stations, and an additional 1% for in-store transactions. However, these cashback rewards have an annual limit, capped at $75.
Another notable advantage is its overdraft protection. By opting in and setting up direct deposits, users can benefit from up to $200 in overdraft coverage.
In terms of fund accessibility, the ASAP Direct Deposit feature is quite handy. It not only ensures that users get their salaries two days earlier but also expedites the receipt of other benefits.
On the savings front, the card doesn’t disappoint. It offers an impressive 2.00% APY, encouraging cardholders to save more. Moreover, users have a chance to win monthly cash prizes, adding a fun twist to the savings experience.
In terms of costs, there’s a monthly fee of $5.94. However, Walmart understands the value of consistent transactions, so they’ll gladly waive this fee if the cardholder had direct deposits totaling $500 or more in the preceding month.
$150 bonus with direct deposit and use of Albert debit card
55,000 fee-free ATMs
Albert is a banking app that offers an all-in-one checking account solution with numerous benefits. To start, there are no minimum deposit requirements and your funds are fully protected with the safety of FDIC insurance up to $250,000.
Not only that, but you’ll receive a Mastercard debit card with $200 overdraft protection and the opportunity to earn cashback rewards.
If you need cash, there’s no need to worry – Albert provides access to over 55,000 ATMs without any fees. To top it off, you can receive your paycheck up to two days early, thanks to Albert’s convenient direct deposit feature.
Varo is a game-changer in the banking industry, with its cutting-edge digital banking solutions. Signing up for a Varo checking account couldn’t be easier. You can do it all from the comfort of your own home, without ever having to step foot in a physical bank branch.
With Varo, you’ll have access to a wealth of features, including the ability to receive your hard-earned paychecks and tax refunds up to two full days ahead of time, thanks to their early direct deposit program.
There are no monthly fees, no credit check, and you can get up to 6% cash back when you use your Varo Bank debit card at select brands.
Ally Interest Checking is an excellent solution for anyone who wants to manage their finances with ease. You’ll earn 0.25% APY on funds in your checking account.
With early direct deposit, you can access your money up to two days earlier than your payday, giving you more control over your finances.
To ensure your peace of mind, Ally Bank offers two overdraft protection solutions and your money is FDIC-insured, so you can be sure your money is always safe.
There are no minimum balance requirements and no monthly maintenance fees, so you can enjoy worry-free banking.
The Ally Bank Debit Mastercard provides access to over 43,000 no-fee Allpoint ATMs. Additionally, if you need to use another ATM, Ally Bank will reimburse you up to $10 per statement cycle for any fees charged.
The LendingClub Rewards Checking Account is a great option for individuals who are looking for a financial solution that offers both convenience and rewards.
With this account, you have the opportunity to earn 1% cash back on credit purchases if you maintain a $2,500 balance on your account.
Additionally, you can earn interest on your checking account, which is a great way to maximize your savings.
There are no monthly service fees associated with this account and you can receive your paycheck up to 2 days early.
The account also offers unlimited refunds on out-of-network ATM fees and provides the option for overdraft protection by linking it to another account.
The Fifth Third Bank Momentum Checking Account offers a range of benefits. With no hidden fees and no minimum balance requirement, this account is both cost-effective and convenient.
Additionally, Fifth Third Bank operates over 1,200 branches in 11 states in the Southeast and Midwest, providing easy access to banking services.
With over 50,000 free ATMs through the Allpoint, Presto!, and 7-Eleven ATM networks, accessing your money is always convenient.
In case of overdrafts, customers can opt for free overdraft protection by linking their checking account to a savings account or get a line of credit. If this option is not chosen, the Fifth Third Extra Time program waives the fees if the account balance is restored before the end of the following business day.
Early Pay is another convenient feature, allowing users to access their eligible payroll direct deposits up to 2 days earlier than payday.
The Credit Karma Money Spend is an innovative online checking account designed to help you take control of your finances.
One of the key highlights is the cash back program on select debit purchases, which lets you earn rewards as you spend.
Additionally, the account helps you build your credit with the Credit Builder option. Unlike traditional checking accounts, there are no minimum opening deposit requirements, monthly service fees, overdraft fees, or out-of-network ATM fees.
Additionally, you can receive your paycheck up to two days early, making it easier to budget and manage your finances.
The Instant Karma feature adds an extra layer of excitement, randomly reimbursing purchases made with your debit card.
The Wealthfront Cash Account offers a range of benefits to its users. First, with an annual percentage yield (APY) of 4.05% on all your cash, this account is one of the best ways to maximize your savings.
Second, the account comes with no fees and no overdraft fees, making it a cost-effective option for managing your finances.
Third, fast transfers to your investing portfolio allow you to move your money quickly and easily.
Additionally, with up to $2 million in FDIC insurance through partner banks, you can be sure that your funds are safe and secure.
Furthermore, the account offers access to 19,000 free ATMs from major retailers, enabling you to withdraw cash with ease.
You can also pay bills with your account and routing numbers, making it a convenient tool for managing your finances.
Finally, with support for Venmo, Cash App, Apple Pay, Google Pay, and PayPal, the Wealthfront Cash Account is a highly flexible and user-friendly option for managing your money.
PenFed Credit Union offers its members a truly unique and valuable banking experience. With Free Checking, there are no monthly maintenance fees with a daily balance or monthly direct deposit of $500 or more.
Customers can access their accounts 24/7 through PenFed’s online platform or mobile app, ensuring that they are always in control of their finances, regardless of where they are.
In addition, customers receive a Visa Debit Card that can be used at over 85,000 free ATMs nationwide. And, with direct deposit set up, customers can get their money up to 2 days sooner, allowing them more time to enjoy life’s experiences.
Consumers Credit Union is dedicated to providing its members with top-notch financial services, and their Rewards Checking account is a testament to that commitment.
With this account, consumers have the opportunity to earn a high APY of up to 5% on balances up to $10,000.
In addition, they have access to over 30,000 ATMs and over 5,000 shared branches, giving them the convenience and flexibility they need to manage their finances.
And, with unlimited ATM fee reimbursement, customers never have to worry about incurring additional costs for accessing their money.
The credit union also offers online banking and bill pay, as well as mobile banking, so members can manage their finances from anywhere, at any time.
Finally, with early direct deposit, members can receive their money up to two days early, giving them even more flexibility and control over their finances.
Huntington National Bank offers a convenient and cost-effective checking solution with its Asterisk-Free Checking account.
With this account, you will never have to worry about paying ATM fees at over 1,330 Huntington ATMs.
In addition, if you have a Huntington checking account with direct deposit, you could get paid up to two days early, allowing you to have faster access to your funds and better manage your finances.
Early direct deposit is a feature that enables you to receive your salary, tax refunds, or other payments ahead of the regularly scheduled payment date. Instead of waiting until the official pay day, the funds are transferred electronically to your account as soon as they are received by your bank.
This means you can access your money earlier and use it to pay bills or make purchases. To take advantage of this feature, you’ll need to provide your employer or other payment source with your bank account information and authorize them to make electronic transfers.
What are the benefits of early direct deposits?
Early direct deposits offer a multitude of advantages. By providing immediate and dependable access to your pay, you can avoid the frustration of waiting for a physical check or for funds to clear at the bank. This rapid access to funds can prove invaluable in urgent situations where time is of the essence.
Additionally, early pay with direct deposits eliminate the risk of checks getting lost or stolen and the inconvenience of physically depositing them.
Furthermore, it streamlines financial planning and budgeting by making funds available promptly, thereby enabling you to manage your finances with greater ease and efficiency.
Why do some banks direct deposit early?
Banks and credit unions offer early direct deposit as an added benefit to attract or retain customers. It’s a way to provide added convenience and flexibility for customers who rely on their regular income for financial stability.
This service can be especially useful for people who need access to their funds quickly for unexpected expenses or bills. By offering early direct deposit, banks aim to provide their customers with greater financial peace of mind and control.
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.
7. To apply for Credit Builder, you must have received a single qualifying direct deposit of $200 or more to your Checking Account. The qualifying direct deposit must be from your employer, payroll provider, gig economy payer, or benefits payer by Automated Clearing House (ACH) deposit OR Original Credit Transaction (OCT). Bank ACH transfers, Pay Anyone transfers, verification or trial deposits from financial institutions, peer to peer transfers from services such as PayPal, Cash App, or Venmo, mobile check deposits, cash loads or deposits, one-time direct deposits, such as tax refunds and other similar transactions, and any deposit to which Chime deems to not be a qualifying direct deposit are not qualifying direct deposits.
