Banks That Pay Two Days Early

The ability to receive direct deposits early is an increasingly common benefit among digital banks, with brick-and-mortar banks also beginning to offer this feature. Banks that offer early payday or early direct deposits typically don’t require manually signing up for the service. In most cases, this perk is automatic when you set up direct deposit and doesn’t require a separate enrollment.

28 banks that offer direct deposit up to two days early

Bank accounts	Early direct deposit speed	Learn more
Editor’s Pickmore info button: SoFi® Checking and Savings	Up to 2 days early	Go to site
Axos ONE account	Up to 2 days early	Go to site
Chase Secure Checking account	Up to 2 days early	Go to site
Chime Checking Account	Up to 2 days early	Go to site
Discover® Bank checking, savings and money market accountsmore info button	Up to 2 days early	Go to site
Fifth Third Momentum Checking	Up to 2 days early	Go to site
Found business account	Up to 2 days early	Go to site
Lili business banking	Up to 2 days early	Go to site
One Cash	Up to 2 days early	Go to site
PayPal Debit Card	Up to 2 days early	Go to site
Varo Bank Account	Up to 2 days early	Go to site
Wealthfront Cash	Up to 2 days early	Go to site
Wisely prepaid card	Up to 2 days early	Go to site
Cash App Card	Up to 2 days early	Go to site
Ally Spending Account	Up to 2 days early	Read Review
Axos Bank Essential Checking account	Up to 2 days early	Read Review
Capital One’s checking accounts	Up to 2 days early	Read Review
Citizens Bank checking, savings and money market accounts	Up to 2 days early	Read Review
Huntington Bank checking accounts	Up to 2 days early	Read Review
LendingClub checking accounts	Up to 2 days early	Read Review
PenFed Credit Union	Up to 2 days early	Read Review
Regions Bank checking, savings, money market accounts and prepaid Now Card	Up to 2 days early	Read Review
Revolut personal account	Up to 2 days early	Read Review
Wells Fargo checking and savings accounts	Up to 2 days early	Read Review
Venmo debit card	Up to 2 days early	Read Review
GO2bank	Up to 2 days early, or up to 4 days early for government benefits
Charlie Banking	Up to 3 to 5 days early for Social Security

• SoFi terms and conditions

  New and existing Checking and Savings members who have not previously enrolled in Direct Deposit with SoFi are eligible to earn a cash bonus when they set up Direct Deposit of at least $1,000 during the Direct Deposit Bonus Period. Cash bonus will be based on the total amount of Direct Deposit. Direct Deposit Promotion begins on 12/7/2023 and will be available through 12/31/24. Full terms at sofi.com/banking. SoFi Checking and Savings is offered through SoFi Bank, N.A., Member FDIC.
  SoFi members with Direct Deposit can earn 4.30% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Direct Deposit amount required to qualify for the 4.30% APY for savings (including Vaults). Members without Direct Deposit will earn 1.20% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Interest rates are variable and subject to change at any time. These rates are current as of 10/8/2024. There is no minimum balance requirement. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet.
  
  SoFi members with Direct Deposit or $5,000 or more in Qualifying Deposits during the 30-Day Evaluation Period can earn 4.30% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Direct Deposit amount required to qualify for the stated interest rate. Members without either Direct Deposit or Qualifying Deposits, during the 30-Day Evaluation Period will earn 1.20% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Only SoFi members with direct deposit are eligible for other SoFi Plus benefits. Interest rates are variable and subject to change at any time. These rates are current as of 10/8/2024. There is no minimum balance requirement. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet.
  
  Our account fee policy is subject to change at any time.
  
  SoFi Bank is a member FDIC and does not provide more than $250,000 of FDIC insurance per legal category of account ownership, as described in the FDIC’s regulations. Any additional FDIC insurance is provided by the SoFi Insured Deposit Program. Deposits may be insured up to $2M through participation in the program. See full terms at SoFi.com/banking/fdic/terms
  See list of participating banks at SoFi.com/banking/fdic/receivingbanks
  
  We’ve partnered with Allpoint to provide you with ATM access at any of the 55,000+ ATMs within the Allpoint network. You will not be charged a fee when using an in-network ATM, however, third-party fees incurred when using out-of-network ATMs are not subject to reimbursement. SoFi’s ATM policies are subject to change at our discretion at any time.
  
  Early access to direct deposit funds is based on the timing in which we receive notice of impending payment from the Federal Reserve, which is typically up to two days before the scheduled payment date, but may vary.

• One terms and conditions

  One is a financial technology company, not a bank. Banking services provided by Coastal Community Bank, Member FDIC.
  Debit card rewards:
  ● Earn 10% cash back at Walmart, up to $20, on your first purchase. Limited time offer¹
  ● Get 3% cash back on future purchases, up to an additional $50 every year, with eligible deposits²
  ● Earn up to 5% cash back on select brands³
  Early Pay: Get paid up to 2 days early. Direct deposit may be available up to 2 days in advance, but depends on when your employer sends paycheck data.
  4.35% APY on Savings with eligible deposits: 4.35% annual percentage yield (APY) applies to the Savings balance of One Cash customers who either (i) received $500 or more of eligible direct deposits in the previous month or (ii) have a total daily account balance of $5,000 or more. 4.35% APY is also earned on Pay Autosave balances without these deposit or balance requirements. In all instances, 4.35% APY is limited to a total Savings balance of up to $250,000. All other Savings balances will earn 1.00% APY. APYs are as of 10/10/2024, but may change at any time before or after account opening.
  ATM: Allpoint Network ATM transactions are fee-free for accounts with eligible direct deposits totaling at least $500 in the previous month. For all other ATM transactions the One ATM Fee will apply and third-party ATM fees may be incurred.
  ¹Only available to consumers who open an account through Walmart.com, the Walmart app, one.app, or the One app from 8/8/24 - 10/31/24. Terms apply.
  ²To receive 3% cash back, eligible customers (at the time their purchase settles) must (i) have received $500 or more of eligible direct deposits in the previous month, or (ii) have a total account balance of $5,000 or more. 3% cash back is limited to up to $50 per year and applies only to purchases made at U.S. Walmart locations and on Walmart.com. This promotion may not be combined with other One promotions that offer cash back on purchases at Walmart. Terms apply.
  ³Cash back can be earned through the Debit Rewards Program. Individual offer details can be found in the One app. Terms apply.

How early direct deposit works

Normally, banks will hold on to your paycheck to process it before releasing the funds to you. But banks that include early direct deposit will deposit your money into your account before they’ve finished processing the funds from the sender, with no extra fees or effort on your part.

In short, early direct deposit allows you to get paid early because the bank provides the funds as soon as the payor gives the deposit information instead of waiting for the transfer to clear.

Typically, you don’t need to enroll in early direct deposit, either. If the bank offers it and you’ve set up direct deposit, it’s almost always an automatic perk without an extra enrollment step.

How long does direct deposit take?

Direct deposit can take one to three days to clear. In nearly all cases, direct deposits don’t go through on weekends or holidays. Instead, the deposit will either be delivered the business day before the weekend or holiday or the following business day.

Do all banks offer early direct deposit?

Surprisingly, many large traditional banks such as Bank of America, PNC Bank and U.S. Bank still don’t offer early direct deposit. Local credit unions tend to lack this perk as well. If a brick-and-mortar bank offers early direct deposit, it may only be available for select accounts. For example, Chase Bank offers early direct deposit only on its Secure Checking account.

You are more likely to find early direct deposit with online banks such as Axos, SoFi and Varo or fintechs like Chime and Current.

Are there any banks that pay three days early?

If you want your pay sooner than two days early, you’re probably out of luck. Nearly all accounts with early direct deposit can only send payroll up to two days early, with a few exceptions like Charlie Banking, which can send Social Security payments three to five days early.

Benefits of early direct deposits

There aren’t really cons to setting up early direct deposit. Here are the main benefits:

• Early access. When your paycheck lands in your account early, you can access the funds immediately.
• No fees. Early paycheck arrival doesn’t come with any fees, as it’s a complimentary service for setting up direct deposit.
• More than paychecks. In addition to getting paychecks early, tax refunds and stimulus payments might also arrive ahead of time.
• Save a little more. The sooner you can access your money, the quicker you can move some into a savings account to earn interest.
• No APR. Unlike payday loans and pay advance apps, early direct deposits don’t involve loans of any sort, so there’s never any interest.

Related: Benefits of using direct deposit

3 alternatives to bank accounts offering early direct deposits

If you like the idea of getting paid early but don’t want to switch banks, there are other ways to get early access to your paycheck:

• Prepaid debit cards. Most prepaid cards, like the Netspend All-Access Account and the Flare Account, offer early direct deposits.
• Cash management accounts. Cash management accounts, or CMAs, offer a combination of banking and investing services, and some, such as the Wealthfront Cash Account, support early direct deposits.
• Payday advance apps. Cash advance apps such as Brigit, Dave and EarnIn can help you get your hands on some cash before your payday. But this isn’t a preferred alternative, as they have monthly fees and strict limitations regarding how much money you can access.

Bottom line

Early direct deposits are growing in popularity, and for good reason. This benefit has almost no drawbacks, as it can help you save or spend money on essentials sooner. But if none of these options support your needs, explore other bank accounts.