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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.
Top banks with early direct deposit
Bank accounts
Early direct deposit speed
Fee
Requirements
Learn more
SoFi Checking and Savings
Up to 2 days early
$0
Set up $1,000 or more in direct deposits every 30 days.
Set up direct deposit. To access MyPay, set up $200+ qualifying direct deposits and have an activated physical Chime card. Must live in an eligible state.
New and existing Checking and Savings members who have not previously enrolled in Direct Deposit with SoFi are eligible to earn a cash bonus of either $50 (with at least $1,000 total Eligible Direct Deposits received during the Direct Deposit Bonus Period) OR $300 (with at least $5,000 total Eligible Direct Deposits received during the Direct Deposit Bonus Period). Cash bonus will be based on the total amount of Eligible Direct Deposit. If you have satisfied the Eligible Direct Deposit requirements but have not received a cash bonus in your Checking account, please contact us at 855-456-7634 with the details of your Eligible Direct Deposit. Direct Deposit Promotion begins on 12/7/2023 and will be available through 1/31/2026. Full terms at sofi.com/banking. SoFi Checking and Savingsis offered through SoFi Bank, N.A., Member FDIC. SoFi members with Eligible Direct Deposit can earn 3.80% annual percentage yield (APY) on savings balances (including Vaults)and 0.50% APY on checking balances. There is no minimum Eligible Direct Deposit amount required to qualify for the 3.80% APY for savings (including Vaults). Members without Eligible Direct Deposit will earn 1.00%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 1/24/25. There is no minimum balance requirement. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet.
SoFi members who enroll in SoFi Plus with Eligible Direct Deposit or by paying the SoFi Plus Subscription Fee every 30 days or SoFi members with $5,000 or more in Qualifying Deposits during the 30-Day Evaluation Period can earn 3.80% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. There is no minimum Eligible Direct Deposit amount required to qualify for the stated interest rate. Members without either SoFi Plus or Qualifying Deposits, during the 30-Day Evaluation Period will earn 1.00% 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 1/24/25. There is no minimum balance requirement. If you have satisfied Eligible Direct Deposit requirements for our highest APY but do not see 3.80% APY on your APY Details page the day after your Eligible Direct Deposit arrives, please contact us at 855-456-7634. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet. See the SoFi Plus Terms and Conditions at https://www.sofi.com/terms-of-use/#plus.
We do not charge any account, service or maintenance fees for SoFi Checking and Savings. We do charge a transaction fee to process each outgoing wire transfer. SoFi does not charge a fee for incoming wire transfers, however the sending bank may charge a fee. Our fee policy is subject to change at any time. See the SoFi Checking & Savings Fee Sheet for details at sofi.com/legal/banking-fees/.
SoFi Bank is a member FDIC and does not provide more than $250,000 of FDIC insurance per depositor 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 $3M through participation in the program. See full terms at SoFi.com/banking/fdic/sidpterms. See list of participating banks at SoFi.com/banking/fdic/participatingbanks.
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.
Overdraft Coverage is limited to $50 on debit card purchases only and is an account benefit available to customers with Eligible Direct Deposits of $1,000 or more during the current 30-day Evaluation Period as determined by SoFi Bank, N.A. The 30-Day Evaluation Period refers to the “Start Date” and “End Date” set forth on the APY Details page of your account, which comprises a period of 30 calendar days (the “30-Day Evaluation Period”). You can access the APY Details page at any time by logging into your SoFi account on the SoFi mobile app or SoFi website and selecting either (i) Banking > Savings > Current APY or (ii) Banking > Checking > Current APY. Members with a prior history of non-repayment of negative balances are ineligible for Overdraft Coverage.
OnePay is a financial technology company, not a bank. Banking services provided by Coastal Community Bank or Lead Bank, Members FDIC. 10% cash back at Walmart: Only available to customers who initiate their account application through certain channels from 3/21/25 - 9/30/25. Cash back earned as OnePay Points. See terms at onepay.com/10percent. 3% cash back at Walmart: Cash back is earned as OnePay Points, redeemable as a deposit into a OnePay Cash account pursuant to the OnePay Rewards Terms. Only applies to OnePay Cash accounts that have either (i) received Direct Deposit totaling $500+ in the current or previous month, or (ii) have a balance of $5,000+ as of the last day of the previous month. This reward applies to purchases at U.S. Walmart locations and on Walmart.com only and may not be combined with other OnePay Cash promotions for cash back at Walmart. Early Pay: Get paid up to 2 days early. Direct Deposit is required. Funds may be available up to 2 days in advance, depending on when your employer sends paycheck data. 3.75% APY on Savings with eligible deposits: 3.75% annual percentage yield (APY) applies to the Savings balance of OnePay Cash accounts that have either (i) received $500+ of Direct Deposit in the current or previous month or (ii) have a balance of $5,000+ at the end of the previous month. 3.75% APY is also earned on Pay Autosave balances without deposit or balance requirements. 3.75% 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 12/20/2024, but may change at any time before or after account opening. ATM: Only applies to OnePay Cash accounts that have either (i) received Direct Deposit totaling $500+ in the current or previous month, or (ii) have a balance of $5,000+ at the end of the previous month. For all other ATM transactions the OnePay ATM Fee will apply and third-party ATM fees may be incurred. Overdraft Protection: Available to OnePay Cash accounts that have either (i) received Direct Deposits totaling $500+ in the current or previous month, or (ii) have a balance of $5,000+ at the end of the previous month. You must be 18 or older to receive Overdraft Protection. When on, Savings Backup will be used before Overdraft Protection. Overdraft balance is due right away. Transactions eligible for Overdraft Protection are at the discretion of OnePay and may exclude certain transactions (e.g., bill pay, global transfers). See details.
How does early direct deposit work?
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.
Early direct deposit example
Let’s say your payday falls on a Friday. Take a look at the differences in when you might recieve your paycheck with early direct deposit vs. without:
Day
Regular bank
Early direct deposit bank
Wednesday
⛔️ No activity
✅ Your bank recieves your payroll file from your employer and your paycheck is available.
Thursday
⛔️ No activity
✅ You can spend your money.
Friday
✅ Your paycheck is deposited into your account.
✅ Official payday, but you’ve already been paid.
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.
There’s really no “catch” to setting up early direct deposit. However, there are a few things to watch out for:
Early direct deposit is not always guaranteed. This is because your bank can only release funds early if it gets an early notification from the provider of your direct deposit source. If this notification does not happen early, funds may not be available before payday.
Early direct deposit still depends on when your employer processes payroll. For example, if payroll is processed late, funds may not be available two days early.
Early direct deposit doesn’t give you access to more funds, it just speeds up when you recieve those funds. So it isn’t a solve for longer-term cashflow concerns.
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.
Frequently asked questions
Does SoFi pay two days early?
Yes, SoFi offers direct deposits up to two days early.
Does PNC pay two days early?
No, PNC does not currently offer early direct deposit.
Does Chase offer early direct deposit?
Yes, Chase offers direct deposits up to two days early.
Bethany Hickey is the banking editor and personal finance expert at Finder, specializing in banking, lending, insurance, and crypto.
Bethany’s expertise in personal finance has garnered recognition from esteemed media outlets, such as Nasdaq, MSN, Yahoo Finance, GOBankingRates, SuperMoney, AOL and Newsweek. Her articles offer practical financial strategies to Americans, empowering them to make decisions that meet their financial goals. Her past work includes articles on generational spending and saving habits, lending, budgeting and managing debt.
Before joining Finder, she was a content manager where she wrote hundreds of articles and news pieces on auto financing and credit repair for CarsDirect, Auto Credit Express and The Car Connection, among others.
Bethany holds a BA in English from the University of Michigan-Flint, and was poetry editor for the university’s Qua Literary and Fine Arts Magazine. See full bio
Bethany's expertise
Bethany has written 458 Finder guides across topics including:
Compare the best banks and credit unions in the US featuring high APYs, no-fee checking and kids accounts.
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