Best banks for early direct deposit May 2021 Bankrate 1 day ago
Everyone looks forward to payday.
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Direct deposit makes getting paid fast and easy since the money just appears in your bank account. Banks that offer early direct deposit allow you to access these funds up to two days sooner than traditional banks.
For instance, customers at a bank that offers early direct deposit might receive their paycheck through direct deposit on a Wednesday, while those with a traditional bank account are likely to see their money available no sooner than Friday, the normal payday.
Early direct deposit was recently highlighted after the third stimulus package was signed on March 11. The next day, Varo Bank said it had already processed $150 million in stimulus checks for tens of thousands of its customers. Meanwhile, some of the largest banks in America took several days longer to process stimulus money and distribute it to customers accounts.