5 Banks That Offer Early Direct Deposit

Have you ever experienced a situation where it seems like the timing of your bills doesn’t align with the timing of payday? Do you wish that sometimes your direct deposit would come sooner to avoid overdrafts on your account? Do you hate caving into using your credit card when you don’t have enough money to cover your expenses? Most employers have structured dates and paydays for processing payroll. When payment is processed through the payroll company and sent to your bank, your direct deposit typically doesn’t become available until payday. Although most banks don’t allow you to get paid earlier, there are a few banks that offer early direct deposit so that you can get paid faster.

How Does Direct Deposit Work?

In most cases, direct deposit is a benefit offered by your employer. You or your employer set up your checking account information with the payroll processing company to allow them to electronically deposit your paycheck into your account on payday. To set up a direct deposit, you typically have to provide information such as your bank’s routing number, account number, and a voided check. When providing this information, it is essential to make sure that it is accurate to avoid returned funds and fees. Other types of direct deposits include receiving your tax refund.

The benefits of direct deposit greatly outweigh the benefits of receiving paper checks. With electronic deposits, you can have your pay immediately available on payday without being present or having to go somewhere to deposit or cash a check. In most cases, being set up for direct deposit also means you get your money faster from other payors as well, like the IRS, rather than waiting for a check in the mail. You can read more about how to open an online checking account with no ChexSystems here.

The Benefits of Early Direct Deposit

While direct deposit is a great benefit all on its own, it is also an advantage to you if your bank offers an early direct deposit. In most cases, this means that you can receive your money up to 2 days early with banks with early direct deposit without hassle. Some of the benefits of early direct deposit are:

  • Avoid timing issues and overdrafts with paying bills on payday by receiving your paycheck earlier or on time
  • Avoid holds on your funds from financial institutions so that you earn your money on time
  • Receive direct deposits and get paid up to 2 days in advance

5 Banks That Give Out Early Pay with Direct Deposit

Does your bank offer you the benefit of getting your paycheck a couple of days earlier? It not, here is a list of 5 banks that offer early direct deposit.

1.OneUnited Bank

OneUnited Bank, established about 50 years ago, is America’s largest black-owned bank. Their focus is to enhance spending among their neighborhoods and businesses striving to educate and innovate their communities.

What They Offer

With a BankBlack checking account, you can sign up to receive a BankBlack Early Pay VISA debit card. This card allows your money to be available as soon as your payor notifies them of the incoming funds. You can get paid up to 2 days early.

How to Get Setup

  1. After you sign up and receive your BankBlack Early Pay debit card, activate it.
  2. Log in to your online checking account and navigate to additional services -> then click on direct deposit.
  3. From there, you can choose to receive early pay and decide how you want to be notified of your early deposit.
  4. Create a new deposit form, enter your information, and provide the document to your company.

2.Chime Banking

Chime Banking is all about online and mobile banking. They strive to be a better bank by offering services without hidden fees or terms and conditions. Their mission is to help members manage their money efficiently and get ahead in their finances.

What They Offer

With a Chime Spending Account, you are eligible to enroll in direct deposit. Once you are registered in direct deposit with your payor, Chime will ensure that you get paid as soon as your money is available to do so, which is often about 2 days early.

How to Get Setup

  1. To get started, you will need to enter your email address. Following this, you will be asked to enter some personal information to get enrolled in a Chime Spending Account.
  2. Once your account is opened, you will be emailed a pre-filled direct deposit slip to take to your company.
  3. You can use this app to get pay early.

3. GTE Financial Credit Union

GTE Financial is one of the largest financial institutions in the nation. They are a not-for-profit financial cooperative, which means they give back what they make to their members in forms of higher interest rates, lower rates, and new products and services.

What They Offer

To enroll in one of GTE’s checking accounts, you will need to become a credit union member. You can become a member through your company if offered or join by making a one-time donation of $10 to CU savers, an educational, financial club. Once you are enrolled in a checking account, you will be eligible for their early paycheck feature up to a day earlier once the funds are accessible.

How to Get Setup

  1. Log in to your checking account
  2. Choose the account that you want to opt-in for an early paycheck. The cost is $3.00 per deposit.

4.Radius Bank

Radius Bank is known for its innovation with technology in the banking industry. They strive to provide excellent products, technology, and personalized attention for their clients.

What They Offer

With enrollment in their rewards checking, you are eligible to get paid early! As soon as your company’s payroll files with the Federal Reserve, you are likely to receive funds up to 2 days in advance.

How to Get Setup

  1. To be eligible to get your paycheck earlier, you have to be enrolled in direct deposit.
  2. Once you are enrolled, you should get paid up to 2 days earlier.


Varo is an online bank that strives to give its members what they desire most for their banking needs. Features include early deposit, no fees, better savings, and more.

What They Offer

WIth a Varo bank account, you are eligible to receive your pay up to 2 days early as soon as the money from your payor is accessible to deposit.

How to Get Setup

  1. Make sure you have a direct deposit set up with your employer.
  2. After getting enrolled, expect to get paid a couple of days early.

Is Early Direct Deposit Right for You?

It is a dream come true when you can receive your money sooner than you expect. Receiving your cash earlier allows you to have your hard-earned money as soon as it is available to spend on whatever you need or want. There is nothing wrong with receiving your payment early, but it is still necessary to maintain positive money management habits. Maintaining positive money habits allows you to live the life you desire without stress. Speaking about that see our post on the best banks for bad credit here and the best savings account for bad credit here.

There are a few questions you should ask yourself to understand why you need your direct deposit early to determine if it is right for you. Are you spending all your paycheck as soon as it is available? Is it due to overspending or barely having enough income to pay your bills? Or is it as simple as wanting to receive the money you deserve as soon as you can get it? Whatever the reason, dig down deeper and see if there is more to your situation than what is on the surface. Knowing the true meaning behind why you want an early direct deposit will help you understand your situation and how you can make it better for yourself.

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