20 Banks With Early Direct Deposit

Banking

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 20 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.

1. Chase

Our Top Pick
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Features & Benefits

  • $100 bonus after 10 purchases in 60 days
  • Over 16,000+ fee-free ATMs
  • Over 4,700 branches nationwide
  • $4.95 monthly service fee

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.

2. Chime®

Our Second Pick
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Features & Benefits

  • Over 14.5 million downloads
  • No minimum opening deposit
  • Over 60,000 fee-free1 ATMs
  • 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 Chime Credit Builder Visa® Credit Card. 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.

3. Current

Our Third Pick
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Features & Benefits

  • No minimum balance or hidden fees
  • Fee-free overdraft up to $200 with Overdrive
  • 40,000 fee-free Allpoint ATMs in the U.S.
  • Get paid early – up to 2 days faster

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.

A Current mobile bank account boasts several benefits, including fee-free overdraft protection of up to $200 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.

4. Revolut

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Features & Benefits

  • No monthly service fees
  • No minimum balance
  • No overdraft fees
  • Free access to 55,000+ ATMs

Revolut offers a financial app and a prepaid debit card from either Visa or Mastercard. You can start using your account immediately with the digital card, which is compatible with Apple Pay and Google Pay.

With Revolut, you can enjoy fee-free access to over 55,000 ATMs, and make up to $1,200 in out-of-network ATM withdrawals each month without incurring any charges. Additionally, you can make 10 zero-fee international transfers every month.

Your Revolut account comes with a variety of benefits, including cashback rewards, discounts from top brands, and a savings account. Your funds are also protected by FDIC insurance, up to $250,000.

Revolut is a financial technology company, with banking services provided by Metropolitan Commercial Bank, which is a member of FDIC.

5. Albert

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Features & Benefits

  • No maintenance fees
  • No minimum deposit
  • $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.

6. Axos Bank

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Features & Benefits

  • No monthly fees
  • No overdraft or NSF fees
  • Unlimited ATM fee reimbursements
  • Paychecks and tax refunds up to 2 days early

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.

7. SoFi

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Features & Benefits

  • No account fees
  • No overdraft fees
  • 55,000+ fee-free ATMs
  • Sign-up bonus of up to $250 when you set up direct deposit

SoFi offers a combination of a Checking and Savings account that’s designed to provide a hassle-free banking experience. With no overdraft fees, minimum balance fees or monthly fees, managing your finances has never been easier.

Moreover, SoFi provides access to 55,000+ fee-free ATMs within the Allpoint® Network, which means you can access your money whenever you need it without any additional costs.

For those who are looking for a fast way to access their paychecks, SoFi Checking and Savings account comes with an added bonus. You can get your paycheck up to 2 days earlier with direct deposit.

SoFi also offers a 1% APY on your checking and savings accounts. This means your money will grow while you save. Additionally, SoFi debit cardholders can receive up to 15% cashback at local establishments, making it easier to save even more.

8. Varo

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Features & Benefits

  • No account fees
  • No minimum balance
  • No credit check
  • 55,000+ fee-free ATMs

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.

9. Ally

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Features & Benefits

  • No monthly fees
  • No minimum opening deposit
  • 43,000+ no-fee ATMs

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.

10. Aspiration

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Features & Benefits

  • No monthly fees
  • $10 minimum opening deposit
  • 55,000+ fee-free ATMs

Aspiration offers a unique banking solution with its Spend & Save Account, which blends the benefits of both a checking and a savings account, all accessible online. To open an account, a mere $10 deposit is required.

Your Aspiration debit card comes with unlimited access to over 55,000 ATMs without any additional fees and one reimbursement per month for using an out-of-network ATM. Plus, with direct deposit, you’ll receive your paychecks up to two days early.

Additionally, when you spend $1,000 or more each month, you can earn an impressive APY of 5.00%. Rest assured that your deposits are also insured by the FDIC for added security.

What is early direct deposit?

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.