Top 9 Banks That Let You Get Paid Early

Get paid early up to 2 to 3 days with online banks that offer early direct deposit. Get a jumpstart on savings, investing and paying bills.
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get-paid-early

Get paid early with banks that offer early direct deposit. When you get paid sooner, you can pay bills sooner and avoid the negative effects of late payments on credit scores.

Banks that offer early direct deposit immediately let you access your funds while the bank processes your payment from your employer or government agency.

Instead of holding on to your paycheck until the process is complete, the bank deposits the paycheck before it processes the payment, essentially acting on “good faith” that the employer's payment will clear.

Top 9 Online Banks That Let You Get Paid Early

Getting paid 2-3 days early gives you a jump on your savings and investing goals.

1. Acorns is best for automatic investing spare change

2. Current Banking is best for earning 4.00% APY high-interest

3. OneUnited Bank is best for no-credit check $1000 loan

4. Albert Banking is best for automatic savings feature

5. Chime Banking is best for $200 free overdraft protection

6. GTE Financial best for multiple banking products

7. Axos Bank is best for unlimited ATM reimbursements

8. SoFi Bank is best for combining checking and savings for high-yields

9. Card.com is best for personalized debit card


1. Acorns

Features and Benefits

  • Minimum opening deposit of $5
  • $5 monthly fee
  • Get paid up to 2 days early with early direct deposit
  • Free debit card and the option to lock/unlock the card if lost or stolen
  • Acorns Checking does not charge fees on ATM transactions
  • Online Bill Pay allows you to pay bills easily from your account
  • Acorns Checking allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.

Acorns checking account that comes with a debit card that will round-up the change on any purchase and place it in other accounts, like Acorns Invest. Acorns Invest puts your money into exchange-traded funds (ETFs). There are no hidden fees, no minimum balance fees and no overdraft fees plus 55,000+ fee-free ATMs. Another feature called Found Money is an online marketplace that offers a small percentage back on purchases made at hundreds of major retailers, including Walmart. The cash back that you earn shopping on Found Money is placed in your Acorns Invest account.


2. Current

Features and Benefits

  • $10 minimum opening deposit
  • Savings feature that pays 4.00% APY on balances up to $6,000
  • No overdraft fees when you overdraw by up to $200 with Overdrive™
  • Get your paycheck up to 2 days early with direct deposit
  • Earn points for unlimited cashback at participating retailers
  • Make cash deposits at more than 60,000 retailers, including participating CVS Pharmacy, 7-Eleven, Dollar General, and Family Dollar.
  • 24/7 member support

Current customers can can earn up to 15x points and cashback when you use your Visa debit card at participating merchants. Earn 4.00% APY on up to $6,000 worth of savings, far surpassing the interest rates offered by many traditional banks.
Current is a financial technology company, not a bank, banking services are provided by Choice Financial Group, which is FDIC-insured.


4. Albert

Features and Benefits

  • Access your paycheck up to 2 days early with direct deposit
  • Advance up to $250 from your next paycheck
  • $0 minimum balance and $0 maintenance fees
  • Withdraw cash for free at over 55,000 ATMs
  • Earn up to 20% cash back
  • FDIC-insured up to $250,000

With Albert, there is no minimum deposit requirement to open an account. All funds are insured up to $250,000 through federally backed FDIC protection. You get a free Mastercard debit card that you can earn cashback rewards with. Got a question related to personal finances? Use Albert’s ‘Ask a Genius’ feature on their app, which is available 24/7.


3. OneUnited

Features and Benefits

  • Minimum opening deposit of $25 (can be funded with a credit card)
  • No monthly fee
  • Get paid up to 2 days early with early direct deposit
  • OneUnited offers a no-credit check cash advance up to $1,000
  • Free Online & Mobile Banking
  • Obtain Cash, Surcharge Free at Over 37,000 ATMs Nationwide
  • Deposit checks through the mobile app
  • Add cash at over 90,000 retailers nationwide including 7-Eleven®, Walmart, CVS Pharmacy®, Dollar General, Rite Aid, Walgreens and more
  • Free Bill Pay

OneUnited Bank's Online Checking Account is available to people in ALL STATES. We like OneUnited Bank because customers can add cash to the OneUnited Bank Debit Card at over 90,000 locations across the country through a partnership with Green Dot®. One outstanding feature of the OneUnited checking account is the cash advance feature called “CashPlease.” With CashPlease you can get a short-term loan up to $1,000 without a credit check! Upon approval, loan funds deposited within 4 hours and you get up to 90 days to repay the short term loan. To get started go to the “Get the Card” button, enter your name, email address and cell phone number. Choose the Black Wall Street Checking account option along with the opening deposit ($25.00 minimum), then complete your identification details (name, address, SSN, and employer).


5. Chime

Features and Benefits

  • No ChexSystems or credit check
  • 60,000-plus free ATMs
  • No minimum deposit to open the account
  • No account fees, no ATM or overdraft fees
  • Optional Savings Account that earns 2.00% APY
  • Up to 2-Day early access to direct deposits
  • Overdraft up to $200 on debit card purchases
  • FDIC-Insured up to $250,000.

Chime® offers an award-winning mobile bank account and debit card with no-ChexSystems and no credit check. Chime has over 60,000 fee-free MoneyPass® and Visa® Plus Alliance ATMs. The Chime checking account does not charge customers overdraft fees, monthly maintenance fees or foreign transaction fees. Customers that have direct deposit will get their paycheck up to 2 days earlier. Chime lets customers deposit cash into their Chime Checking account at over 90,000 retail locations like Walmart, 7-Eleven, Speedway, Dollar General, Family Dollar, CVS and Rite Aid.


6. GTE Financial

Features and Benefits

  • Access to 30,000 free ATMs
  • 24/7 Virtual Banking (Online, Mobile or Telephone)
  • Get paid up to 2 days early with early direct deposit for a $3 fee
  • Bill Pay, Zelle®, and Friends & Family Transfers
  • Unlimited check writing
  • Account Balance Alerts
  • Remote Deposit – with the GTE Mobile App and Deposit2Go
  • Note: You must use referral code E599076ICB during the application process. You'll get an opportunity to insert the referral code during the application process

GTE Financial is a credit union, so membership required. There are several ways to become a member, including joining CU Savers. a non-profit educational financial club, with a one-time $10 fee. GTE Financial is based in Florida but membership available nationwide. Members get free access to 30,000 ATMs nationwide. GTE is a full-service credit union offering checking, savings and money market accounts, CDs, IRAs and a host of other products and services. It offers a highly rated mobile app and bill pay to members.


7. Axos Bank

Features and Benefits

  • $50 to open an account
  • No credit check
  • No monthly service fees
  • Zero overdraft or NSF fees
  • Zero minimum monthly balance
  • Unlimited domestic ATM fee reimbursements
  • Online debit card management
  • FDIC-Insured

Axos Bank is an online bank that offers a high-yield savings account, money market account, CDs, and a variety of checking accounts. Axos Bank Essential Checking does not charge fees on ATM transactions. This account will reimburse you for ATM fees (see terms and conditions for details). Pay your bills to practically anyone in the United States through Axos Bank.


8. SoFi

Features and Benefits

  • No monthly maintenance fee
  • Minimum opening deposit of $50
  • Members with direct deposit can earn 3.00% APY on their savings balances, and 2.50% APY on their checking balances. Without direct deposit, you will earn 1.20% APY on all balances.
  • 55,000+ fee-free ATMs
  • Get paid up to 2 days early with direct deposit
  • No-fee Overdraft Coverage with qualifying monthly direct deposit
  • Earn a $50 bonus with a qualifying direct deposit of $1,000 to $4,999 and a $250 bonus with a qualifying direct deposit of $5,000 or more.
  • FDIC insured

SoFi Bank is an online bank that combines a checking and high yield savings account along with early direct deposit. Customers keep more of their money with free checking, no overdraft fees. Plus, 55,000+ fee-free ATMs within the Allpoint® Network. Members with direct deposit can earn 3.00% APY on their savings, and 2.50% APY on their checking balances.


9. Card.com

Features and Benefits

  • $0 to open an account
  • $50 opening bonus offer
  • Deposit checks through the CARD.com mobile app
  • Get your paycheck up to two days early
  • Use it everywhere Debit Mastercard and Visa debit cards are accepted!
  • No fee cashback at POS
  • No fee MoneyPass® ATM withdrawal
  • Real-time SMS§ & email alerts
  • FDIC-Insured

The Card provides custom prepaid cards - featuring a wide variety of unique card art from everything like the NFL to Sesame Street. Once you chose your card, you’re ready to load it with money via direct deposit, PayPal or cash. With money on your card, you can use it just like any other debit card.

How banks can offer your paycheck early

Early direct deposit works much like a regular direct deposit. Your employer submits payroll to the Federal Reserve's automated clearinghouse (ACH) system.

The ACH is a nationwide network through which banks and credit unions send each other electronic credit and debit transfers like direct deposits. Your direct deposit may arrive 2 to 3, or more days before your scheduled payday.
Most banks hold onto your deposit until your employer’s allotted payday. Banks with early direct deposit will release your paycheck as soon as it receives notification from the ACH a deposit has arrived.

This is the reason why you may get paid up to two days earlier than your coworkers at the same company.

For example, let’s suppose that your coworker has a checking account at Bank of America and you have a checking account at Current which offers early direct deposit. Your payday falls on a Friday. Your employer sends payroll instructions to their bank Monday morning. After your employer’s bank and the ACH finish passing deposit instructions along, your bank and your co-worker's bank both receive the payment files on Wednesday.

Next, both banks start processing the payment instructions. But, your co-worker must wait for his paycheck to arrive at his Bank of America account, while your bank, Current, deposits the money into your account so you can access your funds right away on Wednesday instead of getting paid on a Friday – up to two days faster than your coworker.

How to set up early direct deposit?

Setting up early direct deposit involves the same steps as a regular direct deposit. Here are the steps to take:

  • Get a direct deposit form from your employer or your bank.
  • Fill in your banking information that includes personal and bank details like the bank address, bank routing number, account number, and bank address.
  • Choose to deposit 100% or a partial amount of your paycheck into your checking account.
  • Attach a voided check or deposit slip, if required.
  • Give the form to your employer, and wait for the direct deposit to go into effect. It may take several weeks.

The main difference between early direct deposit vs. direct deposit is that early direct deposit simply allows you to access your paycheck funds faster. But in both cases, it is essential to make sure that your routing and account numbers are accurate to avoid returned funds and fees.

Benefits of direct deposit

The benefits of direct deposit generally outweigh the benefits of receiving a paper check. For example:

  • With electronic deposits, you can have your pay immediately available on payday without being present or having to go somewhere to deposit or cash your paycheck.
  • Direct deposit can also mean you get your money faster from other payors as well, like the IRS, rather than waiting for a check in the mail. Most Americans recently witnessed getting paid sooner with coronavirus stimulus checks. Everyone with direct deposit received the stimulus money much quicker than those receiving mailed paper checks.
  • You can make savings easier by splitting your direct deposit into two or more accounts. If you can put a portion, such as 20%, of your paycheck into a high-yield savings account, to save automatically each month.

Reasons Employees Like Banks That Offer Early Deposits

Most people love getting paid – whether you get paid weekly, bi-monthly, or monthly. In fact, employees are happier on payday than on Christmas according to a 2018 survey commissioned by QuickBooks Payroll where employees said that payday makes them happier than Christmas morning.

Some reasons people are happier on paydays include:

  • Get ahead of your debt
  • The ability to avoid timing issues and overdrafts with paying bills on payday by receiving your paycheck earlier
  • Payday means you can pay bills and have peace of mind
  • Dine out with friends or family
  • Make a purchase you've been waiting for
  • Enjoy a night out
  • Attend a sporting event

Stay on top of your bills by getting paid early

Getting paid early lets you pay bills on time and do more with your money. You can even boost your emergency savings and get a head start on earning compound interest. Get a handle on your money with funds made available to you right away instead of the bank holding onto your money. Prevent overdraft fees for running out of money!

Final thoughts

These five online banks are not the only banks that offer early direct deposit. There are many banks that feature early paycheck options. Some banks may have a small fee involved for the service. Check your local banks and credit unions if you prefer banks that have branch locations.

Direct deposit is already convenient, but early direct deposit ensures you get paid much faster.

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